31 Mar 2022
Assets90.02
Total Income323.61
Profit After Tax6.73
NET Worth30.20
Reserves and Surplus17.55
Total Borrowing49.20
At a glance
Updated 2026-08-24Newmalayalam Steel is a SME IPO with an issue size of ₹41.76 crore, proposed for listing on NSE SME. The offer opens on 19th Dec 2024 and closes on 23rd Dec 2024. The issue structure includes a fresh issue of ₹39.66 crore.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹41.76 Cr
Fresh issue₹39.66 Cr
Face value₹10
Price band₹85.00–₹90.00
Allotment24th Dec 2024
Listing27th Dec 2024
Grey market
GMP page ↗Latest GMP₹30.00
GMP / upper price33.33%
Est. listing₹120.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19th Dec 2024
Closes23rd Dec 2024
Allotment24th Dec 2024
Refund26th Dec 2024
Demat26th Dec 2024
Listing27th Dec 2024
Subscription demand
Full bidding ↗Total50.69×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | ₹144,000 |
Company
Incorporated2017
Use of proceeds
| Object | Amount |
|---|---|
| IT / Technological Upgradation of existing manufacturing facility | ₹2.88 Cr |
| Expansion of the existing solar facility for power generation | ₹2.34 Cr |
| Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala | ₹2.56 Cr |
| Advertising, Marketing and Brand Building | ₹5.06 Cr |
| Funding incremental working capital requirements of our Company | ₹14.20 Cr |
| General Corporate purposes# | ₹10.36 Cr |
Financials
Full financials ↗31 Mar 2023
Assets87.35
Total Income359.96
Profit After Tax6.00
NET Worth36.20
Reserves and Surplus23.56
Total Borrowing28.15
31 Mar 2024
Assets112.08
Total Income303.15
Profit After Tax4.27
NET Worth40.47
Reserves and Surplus27.82
Total Borrowing59.11
30 Sep 2024
Assets110.33
Total Income155.34
Profit After Tax5.19
NET Worth45.66
Reserves and Surplus33.02
Total Borrowing39.18
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60% |
| RoNW | 10.55% |
| PAT Margin | 1.41% |
| Price to Book Value | 2.81 |
Valuation & shareholding
Pre-IPO EPS3.38
Post-IPO EPS6.01
Pre-IPO P/E26.67
Post-IPO P/E14.98
Promoter holding pre99.8%
Promoter holding post73.02%
Market cap₹155.59 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other intermediaries. | ₹3.88 Cr |
| Marketing and Selling Commission and expenses | ₹0.29 Cr |
| Advertising and marketing expenses | ₹0.12 Cr |
| Printing and distribution of issue stationery | ₹0.01 Cr |
| Others: Listing fees | ₹0.01 Cr |
| SEBI and NSE processing fees | ₹0.00 Cr |
| Book Building software fees | ₹0.04 Cr |
| Other regulatory expenses | ₹0.01 Cr |
| Miscellaneous | ₹0.02 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Khandwala Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.