NewMalayalam Steel IPO — Listing Performance
NewMalayalam Steel IPO facts & figures
| Issue category | SME |
|---|---|
| Issue open date | 19 Dec 2024 |
| Listing date | 27 Dec 2024 |
| Issue price | ₹90 |
| Listing-day close | ₹85.50 (-5%) |
| Recent market price | ₹23.55 (-73.83% vs issue) |
| 52-week range | ₹18.65 – ₹36.45 |
| Identifiers | NSE: NMSTEEL · ISIN: INE0TP801012 |
How the listing went
NewMalayalam Steel listed at a discount, closing its first day 5% below the issue price.
NewMalayalam Steel against every other debut on record
- Rank in 2024: 233 of 262 NSE debuts, on a -5% first-day close.
- 9th percentile of 176 SME debuts in 2024 (median 41.27%).
- 24th of 27 debuts in December 2024.
- Opened 0% above issue, then gave up 5 points to the close.
- Day-one range ₹85.50 to ₹90: a 5% swing on the issue price.
- Last close ₹23.55 (10 Sep 2026): 73.83% below issue, against -5% on day one.
- 28% up its 52-week range of ₹18.65 to ₹36.45.
- Priced at the top of the ₹85 to ₹90 band.
- Listed 4 calendar days after close.
- All 601 SME debuts on record: median 14.22%, 79% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources