<ul><li>Newmalayalam Steel IPO saw strong demand from investors over the three-day subscription window, whereby the issue was booked 50.69 times.</li><li>Shares of Newmalayalam Steel will list on NSE SME, Emerge Platform on Friday, Dec 27.</li><li>The grey market premium of Newmalayalam Steel IPO was Rs 30 as of 5:04 am on Dec. 24.</li><li>Newmalayalam Steel Ltd. plans to use the IPO proceeds to enhance its IT infrastructure, construct a new factory shed, invest in advertising and marketing, and meet working capital requirements.</li></ul>

Newmalayalam Steel IPO: Check GMP Ahead Of Share Allotment Today

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