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Newmalayalam Steel IPO Soars with 2.20x Subscription on Day 1 – Here’s the Full Story!

Newmalayalam Steel IPO debuts with an impressive 2.20x subscription on the first day, highlighting strong demand, favorable market interest, and investor confidence in the company's growth prospects and future potential.
Newmalayalam Steel IPO starts with 2.20x subscription on day 1– catch more details here!

Newmalayalam Steel Limited IPO debuted with an strong 2.20x subscription on Day 1, showcasing high demand, positive market interest, and investor confidence in the company’s growth potential and promising future. This strong response underscores optimism about its long-term prospects.

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How to check Newmalayalam Steel IPO Subscription Status?

Steps to check Newmalayalam Steel Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Newmalayalam Steel Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Newmalayalam Steel Limited IPO Allotment Status

The allotment date for the Newmalayalam Steel Limited IPO is set for December 24, with shares priced from ₹85 to ₹90 per share and a face value of ₹10. The offering consists of lots of 1600 shares, with bids accepted for these lots or their multiples.

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Newmalayalam Steel Limited IPO Listing Date 

Newmalayalam Steel Limited IPO is expected to be listed on the NSE SME on December 27, 2024.

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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3 फार्मा स्टॉक्स जिन्होंने एक साल में 200% तक रिटर्न दिए; क्या आपके पास इनमें से कोई है?

3 फार्मा स्टॉक्स ने 2024 में 200% तक के मल्टीबैगर रिटर्न दिए; क्या आपके पास इनमें से कोई है?

फार्मा सेक्टर ने पिछले साल शानदार प्रदर्शन किया है, जहां कुछ कंपनियों ने 200% तक के मल्टीबैगर रिटर्न दिए