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.
38.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
Read-out of the prospectus
A severity-ranked risk register with every item cited to its page, plus litigation counts and rupee exposure and related-party dealings, are being built from the prospectus above. We read prospectuses for current and upcoming issues — historical issues will not gain these sections.