NewMalayalam Steel Limited IPO

NewMalayalam Steel Limited is listed in the SME segment with a price band of ₹85 to ₹90. The figures below are as reported by the exchanges and public sources.

NewMalayalam Steel Limited IPO — key facts

• The NewMalayalam Steel Limited IPO price band is ₹85 to ₹90 per share.
• As of 6 September 2026, the NewMalayalam Steel Limited IPO subscription status is 50.69x overall.
• The issue is open from 19-DEC-2024 to 23-DEC-2024.
• NewMalayalam Steel Limited listed on 27-DEC-2024.
• NewMalayalam Steel Limited listed at ₹85.5. The listing loss was 5.0% against the upper end of the issue price band.

NewMalayalam Steel Limited IPO details

Status

Listed

Segment

SME

Sector

Iron & Steel Products

Price band

₹85 – ₹90

Issue size

₹39.66 Cr

Fresh issue

₹39.66 Cr

Opens

19-DEC-2024

Closes

23-DEC-2024

Listing

27-DEC-2024

Total subscription

50.69x

Retail

87.70x

QIB

1.26x

NII

24.63x

Lead managers

Khandwala Securities (left lead)

Listing price

₹85.5

Listing day change

-5.0%

Other Iron & Steel Products IPOs

• Hy-Tech Engineers Limited +42.6% on listing
• Behari Lal Engineering Limited +76.3% on listing
• Metalic Technoforge Limited +7.9% on listing
• Anubhav Plast Ltd. -5.0% on listing
• Rajputana Stainless Limited -7.5% on listing
• Kasturi Metal Composite Ltd. -1.3% on listing

Live subscription, allotment status, offer documents and the full lifecycle timeline for this issue are on this page. Historical listing performance for every past IPO is in the IPO database, and each day's activity is recorded in the daily digest.

Published by INVESTOLOGY — SEBI Registered Research Analyst INH000015297. Data is reported for information only. It is not research and not investment advice. Investments in securities markets are subject to market risk; read all offer documents carefully before investing.