ListedSMESteel & Iron ProductsNMSTEEL
Newmalayalam Steel IPO
Newmalayalam Steel IPO is an SME IPO raising ₹41 Cr at ₹85 – ₹90 a share. It listed on 27 Dec 2024 at ₹90, 0.0% against its issue price of ₹90, and trades at ₹24 today (−73.8% since issue). It was subscribed 39× in total.
₹90
Issue price
₹24
Price now
−73.8%
Since issue price
27 Dec 2024
Listed on
39×Subscribed (final) · all exchanges
38.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Lead managers, and how their past issues have done
Median return since issue price across every IPO we hold this bank on. Not a forecast for this issue — a record.
| Lead manager | IPOs we hold them on | Of which we can price | Median return since issue |
|---|---|---|---|
| Khandwala Securities Limited | 8 | 8 | −69.3% |
A bank appears on an issue we can price only when the company is matched to our price history, so the two counts differ. See the full league table →
Registrar
Contact them about allotment, refunds or unblocking your application amount — not the company, and not the exchange.
NameKfin Technologies Limited
ContactM. Murali Krishna
Emailipo@kslindia.com
Phone04067162222, 04079611000