Newmalayalam Steel Limited IPO saw a robust 5.45x subscription on Day 2, reflecting strong demand, positive market sentiment, and investor trust in the company’s growth potential. This encouraging response highlights optimism about the company’s long-term prospects and promising future.
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Newmalayalam Steel Limited IPO Subscription Status
Newmalayalam Steel IPO opened with a solid 2.20x subscription on Day 1, indicating strong demand, favorable market sentiment, and investor confidence in the company’s growth prospects and future potential.
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.
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.