IPO Details
Bidding Dates
19 Dec 24 - 23 Dec 24
Price Range ₹
85 - 90
Total Equity
₹ 41.76Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
19 Dec 2024
Offer end
23 Dec 2024
Allotment
24 Dec 2024
Refund initiation
26 Dec 2024
Demat transfer
26 Dec 2024
Listing
27 Dec 2024
Offer start
19 Dec 2024
Offer end
23 Dec 2024
Allotment
24 Dec 2024
Refund initiation
26 Dec 2024
Demat transfer
26 Dec 2024
Listing
27 Dec 2024
About Company
NewMalayalam Steel Limited, established in 2017, is a prominent manufacturer of galvanized pipes, tubes, and sheets. The company operates a modern manufacturing facility equipped with an electric resistance welding tube mill with a capacity of 3,500 MT, strategically located in Kerala. This strategic location, coupled with a strong focus on quality control and a well-established distribution network, has enabled NewMalayalam Steel to build a strong brand presence with its "Demac Steel" products. The company boasts a strong customer base, including key clients like Jaihind Steel Private Limited and Aashico Ventures LLP. Leveraging its experienced team and a commitment to quality, NewMalayalam Steel is well-positioned for continued growth in the market.
Year Founded
31-03-2017
Promotor Details
Mahendra Kumar Jain
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.8 | 73.02 |
| Share Capital | 12622600 | 12622600 |
Offer to Public
46,40,000.00 Cr
Project Details
- IT / Technological Upgradation of existing manufacturing facility Expansion of the existing solar - 52.195cr
- Funding of expenditure towards civil construction of new factory shed cum storage facility within - 25.595cr
- Advertising, Marketing and Brand Building - 50.555cr
- Funding incremental working capital requirements of our Company - 142cr
Objectives
- IT / Technological Upgradation of existing manufacturing facilityExpansion of the existing solar facility for power generationFunding of expenditure towards civil construction of new factory shed cum storage facility within theexisting factory premises situated at Kerala.Advertising, Marketing and Brand BuildingFunding incremental working capital requirements of our CompanyIssue related expensesGeneral Corporate purposes
Highlights
- Extensive reach across various retail channels.
- Offers a range of products catering to diverse customer needs.
- "Demac Steel" enjoys strong brand recognition and customer trust.
- Cultivated strong relationships with key clients and suppliers.
- Focus on quality control and efficient manufacturing processes.
Challenges
- Reliance on a limited number of key customers, including a related party, poses significant revenue volatility.
- Dependence on a limited number of suppliers for critical raw materials like pre-galvanized coils creates potential disruptions.
- Operating primarily in Kerala exposes the company to regional economic and regulatory challenges.
- A history of negative cash flows and reliance on related-party transactions raises concerns about financial stability.
- Dependence on a single manufacturing facility, potential for operational disruptions, and the cyclical nature of the steel industry pose operational risks.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 6,446.68 | 1,264.76 | 763.67 | 763.67 | 6.0381 |
| 2024 | 11,208.19 | 1,264.76 | 763.67 | 763.67 | 6.0381 |
| 2022 | 9,001.66 | 1,264.76 | 673.06 | 673.06 | 5.3216 |
| 2023 | 8,734.83 | 1,264.76 | 763.67 | 763.67 | 6.0381 |
