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Newmalayalam Steel IPO: Check GMP, Price Band, Allotment Dates Here

Newmalayalam Steel Limited IPO offers shares at ₹85 to ₹90, with ₹0 Grey Market Premium. Available in 1600 share lots, the subscription runs from December 19 to December 23, 2024.
Newmalayalam Steel Ltd IPO: Key GMP updates unveiled! Stay informed and find details here!

Newmalayalam Steel Limited IPO has ₹0 Grey Market Premium as of December 18, 2024, with a price range of ₹85 to ₹90 per share. Offering lots of 1600 shares, the subscription window is open from December 19 to December 23, 2024.

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Newmalayalam Steel Limited IPO GMP Today

The Grey Market Premium (GMP) for Newmalayalam Steel Limited is ₹0 as of December 18, 2024. This assessment coincides with a price of ₹85 to ₹90 per share for the IPO.

Newmalayalam Steel Limited IPO Review 

As of September 30, 2024, the company reported assets totaling 11,032.77 with a revenue of 15,533.82. The profit after tax stood at 519.3, showcasing a robust financial year. Net worth reached 4,566.44, backed by reserves and surplus of 3,301.68.

Total borrowings for the period were recorded at 3,917.94, indicating a stable leverage situation relative to the company’s equity and reserves. This financial structure supports the company’s operations and future growth strategies within its industry.

To get a full IPO review, click here Newmalayalam Steel IPO

Newmalayalam Steel Limited IPO Date

Newmalayalam Steel Limited will start accepting subscriptions from December 19 to December 23, 2024.

Newmalayalam Steel Limited IPO Price

Newmalayalam Steel Limited’s price range is at ₹85 to ₹90 per share with a face value of ₹10 each.

Newmalayalam Steel Limited

NewMalayalam Steel Limited, established in 2017, produces galvanized pipes, tubes, and sheets in Kerala, India, with a capacity of 3,500 MT. Known for “Demac Steel” products, the company serves clients like Jaihind Steel Private Limited and has acquired the business of Demac Steel with all assets and liabilities.

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How To Apply For Newmalayalam Steel Limited IPO?

To apply for the Newmalayalam Steel Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Newmalayalam Steel Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Newmalayalam Steel Limited IPO at Alice Blue in just a few clicks!

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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