NewMalayalam Steel Limited IPO
NewMalayalam Steel Limited was a SME IPO in the Iron & Steel Products sector, offered at ₹85–₹90 per share to raise ₹42 crore. It listed on 27 Dec 2024 at ₹90 and closed its first day at ₹86, a listing loss of -5.0% versus the ₹90 issue price. It now trades around ₹20 (-77.5% versus the issue price).
Frequently asked questions
- What were the NewMalayalam Steel Limited IPO listing gains?
- NewMalayalam Steel Limited listed on 27 Dec 2024 at ₹90, closing its first day at ₹86 — a listing loss of -5.0% versus the ₹90 issue price.
- What was the price band and lot size of the NewMalayalam Steel Limited IPO?
- The price band was ₹85–₹90 per share, with a minimum lot of 1,600 shares (₹1,44,000 at the upper band).
- Who were the registrar and lead manager for the NewMalayalam Steel Limited IPO?
- KFin Technologies Limited was the registrar, and Khandwala Securities was the book-running lead manager.