IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 | |
| Pricing Information | Face Value | ₹10 per equity share |
| Issue Price Range | ₹85 to ₹90 per share | |
| Offer Structure | Total Issue Size | 46,40,000 shares (₹41.76 Cr) |
| Fresh Issue | 46,40,000 shares (₹41.76 Cr) | |
| Offer for Sale | N/A | |
| Investor Details | Lot Size | 1,600 Shares |
| Listing Exchange | NSE SME | |
| IPO Type | Book Built Issue | |
| Market Maker Portion | 2,33,600 shares (Aftertrade Broking Pvt Ltd) |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 19 December, 2024 (Thursday) |
| IPO Closing Date | 23 December, 2024 (Monday) |
| Basis of Allotment | 24 December, 2024 (Tuesday) |
| Initiation of Refunds | 26 December, 2024 (Thursday) |
| Credit of Shares to Demat | 26 December, 2024 (Thursday) |
| Listing Date | 27 December, 2024 (Friday) |
What is GMP of New Malayalam Steel IPO Today?
As of December 20, 2024, the Grey Market Premium (GMP) for the New Malayalam Steel IPO is ₹30. This indicates that the shares are expected to list at approximately ₹120 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Particulars | Sep 2024 (₹ Crores) | FY 2024 (₹ Crores) | FY 2023 (₹ Crores) | FY 2022 (₹ Crores) |
|---|---|---|---|---|
| Assets | 110.33 | 112.08 | 87.35 | 90.02 |
| Revenue | 155.34 | 303.15 | 359.96 | 323.61 |
| Total Expense | 148.37 | 297.48 | 351.91 | 314.56 |
| Profit After Tax | 5.19 | 4.27 | 6.00 | 6.73 |
| Net Worth | 45.66 | 40.47 | 36.20 | 30.20 |
| Reserves and Surplus | 33.02 | 27.82 | 23.56 | 17.55 |
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 17.60% |
| Return on Equity (ROE) | 10.55% |
| Debt to Equity Ratio | N/A |
| Return on Net Worth (RoNW) | 10.55% |
| EBITDA Margin (%) | 3.39% |
| After Tax Profit Margin (%) | 1.41% |
| Net Asset Value (NAV) | ₹32 |
| Earnings Per Share (EPS) | ₹3.38 |
| Price to Book Value (P/BV) | 2.81 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 1,600 | ₹1,44,000 |
| Retail Investor (Maximum Lot) | 1 | 1,600 | ₹1,44,000 |
| HNI Investor (Minimum Lot) | 2 | 3,200 | ₹2,88,000 |
Investor Category-Wise Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 10.02% of the Total Issue |
| Retail Shares Offered | 45.03% of the Total Issue |
| NII (HNI) Shares Offered | 44.95% of the Total Issue |
Net Cash Flow Generated
| Activity | Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash from Operating Activities | 2,355.28 | -2,131.11 | 3,109.41 | -628.25 |
| Net Cash from Investing Activities | -12.45 | -62.91 | -61.82 | -377.70 |
| Net Cash from Financing Activities | -2,174.62 | 2,791.61 | -2,378.31 | 1,013.07 |
Key Objectives of the Issue
The net proceeds from the issue will be utilized for the following purposes.
- Investment in IT and technological upgrades for existing manufacturing units.
- Expansion of the current solar power generation capacity.
- Funding the construction of a new factory and storage facility.
- Allocating funds for advertising and marketing.
- Working capital requirements.
- General business needs.
Popular Questions
1. What are the opening and closing dates for the New Malayalam Steel public offering?
The issue opens on 19 December, 2024, and closes on 23 December, 2024.
2. What is the issue price for the New Malayalam Steel public issue?
The issue price is ₹85 to ₹90 per equity share.
3. What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of 1,600 shares, amounting to ₹1,44,000 (at the upper price band).
4. Who is the lead manager for this public offering?
The lead manager is Khandwala Securities Limited.
5. Who is the registrar for the New Malayalam Steel public issue?
The registrar is KFin Technologies Limited.
6. What are the main objectives of this offer?
The funds raised through this issue will be utilized for:
- Technological upgradation and IT improvements in manufacturing facilities.
- Expansion of the solar power generation facility.
- Construction of a new factory shed and storage facility in Kerala.
- Brand-building through advertising and marketing.
- Meeting additional working capital requirements.
- General corporate purposes.
- Covering IPO-related expenses.
7. On which stock exchange will the shares be listed?
The shares of New Malayalam Steel are proposed to be listed on NSE SME.
8. What is the total issue size for the New Malayalam Steel public offering?
The total issue size is 46,40,000 equity shares.
9. When will the allotment and refund process begin?
The allotment date is 24 December, 2024, and refunds will begin on 26 December, 2024.
10. When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on 26 December, 2024.
11. What is the expected listing date for the offer?
The shares are expected to list on 27 December, 2024.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the New Malayalam Steel Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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