How it has done since the IPO
Closing prices since listing: 23 Oct ₹19.20, 26 Oct ₹22.25, 27 Oct ₹22.25, 28 Oct ₹22.20, 29 Oct ₹22.20, 30 Oct ₹20.25, 2 Nov ₹21.30, 3 Nov ₹22.40, 4 Nov ₹21.50, 5 Nov ₹22.00.
| Listing day | 27 Dec 2024 |
| Open / high / low / close | ₹90.00 / ₹90.00 / ₹85.50 / ₹85.50 |
| Shares traded on NSE | 4,40,000 |
| Market value at the listing-day close | ₹148 cr |
NewMalayalam Steel share price, live chart and technicals →
The IPO's journey
Anchor18 Dec
Opens19 Dec
Closes23 Dec
Allotment24 Dec
In demat25 Dec
Listing27 Dec
Subscription
Shares offered and bid, by group
| Investor category | Shares bid for |
|---|
| Institutions (QIB) | 5,58,400 |
| HNI / NII | 4,90,14,400 |
| Retail | 17,40,12,800 |
| Total | 22,35,85,600 |
NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 23 Dec 2024 19:00.
Who the issue was for
Bids by price
Top price ₹90 47.66%Cut-off 52.22%Lower prices 0.1%
Applications from individual investors
1,08,758 applications in the individual investors' category.
NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.
Lot size by investor type
| Application | Lots | Shares | Amount |
|---|
| Individual investor (minimum) | 1 | 1,600 | ₹1,44,000 |
| HNI (minimum) | 2 | 3,200 | ₹2,88,000 |
At ₹90 a share. In SME IPOs individuals must bid for at least 1 lots.
Financials and valuation
| At issue price | Now |
|---|
| Market value | ₹156 cr | ₹38 cr |
| P/E (last 12 months' profit) | 22.0 | 5.4 |
| Revenue, last 12 months | ₹320 cr |
| Profit, last 12 months | ₹7 cr |
| Return on equity | – |
| Debt to equity | – |
From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.
Other recent IPOs: Iron & Steel Products