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New Malayalam Steel: IPO, Share Price and Results Since Listing
New Malayalam Steel listed on NSE Emerge on 27 December 2024 after an IPO at INR 90 a share. On 11 November 2026 the shares closed at INR 22.95, 74.50% below the issue price. For H2 FY2026 it reported revenue of INR 157.69 crore and a profit after tax of INR 2.82 crore.
Key Facts
- IPO dates
- 19 December 2024 to 23 December 2024
- Issue price
- INR 90
- Issue size
- INR 41.76 crore
- Subscription
- 50.74 times
- Lead manager
- Khandwala Securities Limited
- Listing day
- opened at INR 90 (0%), closed at INR 85.50 (-5%)
- Listed on NSE Emerge
- 27 December 2024
- Symbol
- NMSTEEL
- Latest close
- INR 22.95 on 11 November 2026
- Against issue price
- -74.50%
- Lot size now
- 1,600 shares (INR 36,720 at the latest close)
Results Filed With NSE
Consolidated figures, INR crore. Change compares with the same period a year earlier.
| Period | Revenue | Change | Profit after tax | EPS (INR) | Filed | |
|---|---|---|---|---|---|---|
| H2 FY2026 | 157.69 | – | 2.82 | 1.63 | after listing | 27 May 2026 |
| FY2026 | 319.93 | – | 7.03 | 4.07 | after listing | 27 May 2026 |
Promoter Holding
Promoter holding has moved from 73.02% on 24 December 2024 to 73.23% on 30 September 2026 (+0.21 percentage points).
| As of | Promoters | Public |
|---|---|---|
| 30 September 2026 | 73.23% | 26.77% |
| 31 March 2026 | 73.02% | 26.98% |
| 30 September 2025 | 73.23% | 26.77% |
| 31 March 2025 | 73.02% | 26.98% |
| 24 December 2024 | 73.02% | 26.98% |
Next Board Meeting
12 November 2026: Financial results
Sources: NSE Emerge filings (results XBRL, shareholding pattern, board meetings), NSE daily price files, and IPO records. Prices are not adjusted for bonus issues or splits.