Newmalayalam Steel IPO

Newmalayalam Steel Ltd

₹1,36,000 /1600 sharesMinimum Investment

Newmalayalam Steel IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Dec ‘24 - 23 Dec ‘24₹1,36,0001,600₹85 - ₹90
Issue SizeIPO Doc
41.76Cr
RHP PDF

About Newmalayalam Steel

Newmalayalam Steel is a manufacturer of galvanised pipes, tubes, and sheets. The company’s products are used across households in Kerala, particularly for roofing solutions to reduce heat and prevent leakage. In addition to household applications, Newmalayalam Steel’s products cater to various industries, including building construction, architecture, automobiles, solar panel frames, interior design, furniture, and decor. The company’s product portfolio consists of GP pipes, GI pipes, coils, sheets, slits, and additional items such as scrap and rejected pipes.;
Founded in
2017
Managing director
Mr. Vazhappily Davis Varghese
Parent organisation
Newmalayalam Steel Ltd

Strengths & Financials of Newmalayalam Steel

Strengths
Risks
In 2019, the company expanded its production capabilities by installing an additional electric resistance welding (ERW) tube mill with a capacity of 4,000 MT at its manufacturing unit.
The company claims to have a strong brand presence and a significant customer base across Kerala. The company states that this is because of the products which are designed to effectively address the continuous damage to houses caused by the region's harsh and unpredictable weather conditions.
The company has an in-house laboratory at its manufacturing unit where the Quality Division conducts thorough quality tests on raw materials, semi-finished products, and finished goods.
The company claims it maintains a quality control and assurance division at its manufacturing facility. This division conducts essential tests on raw materials before they are used in production, as well as on the final products, ensuring consistent quality standards.
The company manufactures multiple products under one roof at its production unit. This approach allows for cost savings by sharing overhead costs and resources across different product categories.

Newmalayalam Steel Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Newmalayalam Steel IPO

Apply asPrice bandApply upto
Regular85 - 90₹2 Lakh
High Networth Individual85 - 90₹2 - 5 Lakh
For Newmalayalam Steel IPO, eligible investors can apply as Regular.
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