1 week Ago
The share allotment of Newmalayalam Steel would be finalised later today, with the company's shares set to debut on the NSE SME platform on December 27. The Rs 42 crore SME IPO received a decent subscription of over 50 times at close, driven by strong bidding from retail investors. Firstly, here's how you can know the status on NSE Step 1: Visit the NSE Website ( https://www.
nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp ) Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status. Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Futures Trading Made Easy: Future & Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Commodity Markets Made Easy: Commodity Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Cryptocurrency Made Easy: Cryptocurrency Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading A2Z of Stock Market for Beginners: Stock Market Course For Beginners By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Derivative Analytics Made Easy By - Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets View Program To check the status of Newmalayalam Steel IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps. Also Read: 8 billion dollar IPO debuts that fell below the mark, burning investor pockets Step 1: Visit the Kfin Technologies website ( https://ipostatus.kfintech.
com/ ) Step 2: Select Newmalayalam Steel IPO Step 3: Enter the PAN details and click search to know the status Check Newmalayalam Steel IPO GMP The grey market price for Newmalayalam Steel shares remains robust at about Rs 30, showing 33% potential upside over the upper issue price of Rs 90. The net proceeds from the public offer will be used for 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, advertising and Marketing for brand building, funding incremental working capital requirements, and general corporate purposes. Newmalayalam Steel is engaged in the business of manufacturing galvanised pipes, tubes, and sheets.
The company has been able to create a brand presence in Kerala, under the name of ‘Demac Steel’. Its products find extensive application in the general households of Kerala. Also Read: Unimech Aerospace IPO.
Check GMP, review, other details India is the second largest steel producer in the world with an installed capacity of 154.1 MT in FY22. It is also the second largest consumer of finished steel with a consumption of 120 MT in FY23.
The Indian steel sector has been able to grow over the years due to domestic availability of raw materials such as iron ore and cost-effective labour. In the last 10 years, finished steel production has grown at a CAGR of 2.8% to 122 MT in FY23 from 96 MT in FY14.
For the period ended June 2024, the company clocked total revenues of Rs 154 crore and net profit of Rs 5.19 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of The Economic Times) ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our ETMarkets WhatsApp channel ).
