When does the Newmalayalam Steel IPO open and close?

The Newmalayalam Steel IPO opened for bidding on 19 Dec 2024 and closed on 23 Dec 2024. Bids can be placed from 10:00 AM to 5:00 PM IST on each bidding day.

What is the price band of the Newmalayalam Steel IPO?

The price band of the Newmalayalam Steel IPO is ₹85 to ₹90 per share. The issue size is ₹41.76 crore.

What is the lot size of the Newmalayalam Steel IPO?

One lot of the Newmalayalam Steel IPO is 1,600 shares, and the minimum investment is ₹1,44,000 (one lot at the upper end of the price band). You bid in multiples of one lot.

When is the Newmalayalam Steel IPO allotment and listing date?

The Newmalayalam Steel IPO timeline is: basis of allotment on 24 Dec 2024, refunds from 26 Dec 2024, credit of shares to demat accounts on 26 Dec 2024, listing on 27 Dec 2024.

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Newmalayalam Steel IPO

Newmalayalam Steel Limited

₹1,44,000/ 1600 shares

Minimum investment

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Newmalayalam Steel IPO Details

Bidding date

19 Dec - 23 Dec 2024

Price range

₹85 - ₹90

Minimum quantity

1,600

Minimum investment

₹1,44,000

Issue size

₹42 Cr.

Listing exchange

NSE/BSE

Newmalayalam Steel IPO Dates & Timeline

19 Dec, 2024

Opening date

23 Dec, 2024

Closing date

24 Dec, 2024

Basis of allotment

26 Dec, 2024

Initiation of refunds

26 Dec, 2024

Credit of shares

27 Dec, 2024

Listing date

Newmalayalam Steel IPO is an initial public offering of NewMalayalam Steel Limited shares with a price band of ₹85 to ₹90 per share, which was open for bidding from 19 Dec 2024 to 23 Dec 2024. This page gives investors the IPO dates, price band, lot size, subscription status and allotment timeline.

How to Apply for Newmalayalam Steel IPO: Step-by-Step Guide

Research the IPO:Review the prospectus and company details.
Open accounts:Ensure you have a demat and trading account.
Check dates:Note the IPO opening and closing dates.
Apply online:Log in to your brokerage account and complete the IPO application form.
Make payment:Pay through your linked bank account.
Submit application:Confirm and submit your application.
Track status:Monitor the allotment status and check for shares in your demat account upon listing.