Newmalayalam Steel Limited

Company Profile
Company Name Newmalayalam Steel Limited
Open Date 19-12-2024
Close Date 23-12-2024
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹85 to ₹90 per share
Issue Size 46,40,000 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Avoid
Incorporation: Newmalayalam Steel Limited was originally incorporated on March 31, 2017, for taking over the entire business of M/s. Demac Steel. The registered office is located at Thrissur, Kerala, India. ▪ Business Activity: The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. ▪ Human Resource: The company has 140 full-time employees as on September 30, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24 Oct-24
Revenue 31,791.7 35,479.8 30,016.0 30,842.8
EBITDA 733.45 708.04 728.55 1,513.64
Net Profit 673.07 600.47 426.85 1,038.60
RoCE 12.43% 11.34% 11.57% 14.81%
ROE 22.29% 16.59% 10.55% 11.88%
P/E 16.92 18.95 26.63 14.98

Tentative Timeline

Opening Date 19-12-2024
Closing Date 23-12-2024
Basis of Allotment 24-12-2024
Initiation of Refunds 26-12-2024
Credit of Shares to Demat 26-12-2024
Listing Date 27-12-2024

Objects of the Issue

IT / Technological Upgradation of existing manufacturing facility.
Expansion of the existing solar facility for power generation.
Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
Advertising, Marketing and Brand Building and Funding incremental working capital requirement of the company
Issue related expenses
General Corporate Purposes.

Contact Information

Registered Office Newmalayalam Steel Limited Door No. 2/546/A & 2/546/B Mala Pallipuram P O, Mala, Thrissur 680 732, Kerala
Phone +91 703 421 2002
Email info@demacsteel.com
Website https://demacsteel.com/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email -
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Market Maker Shares Offered 2,33,600 (5.03%)
Other Shares Offered 4,41,600 (9.52%)
NII (HNI) Shares Offered 19,80,800 (42.69%)
Retail Shares Offered 19,84,000 (42.76%)
Total Shares Offered 46,40,000 (100%)

Shareholding Pattern

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