Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Elec Steel Processing Industries Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Unistone Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Elec Steel Processing IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Mar 25, 2025 |
| SEBI/Exchange approval received | Wed, Jul 2, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII Shares Offered | 15% |
Incorporated in 1994, Elec Steel Processing Industries Ltd manufactures electrical steel products such as Transformer Laminations, Assembled Cores, Toroidal Cores, and Slit Coils using CRGO and CRNGO steel.
The company offers customized solutions for transformer design requirements. It has improved its processes for over thirty years to deliver quality components for efficient performance.
As of September 30, 2024, the company serves transformer manufacturers for products up to 400 kV, using 77.42% of its capacity.
All company products conform to IS 3024:2015 standards, ensuring quality and performance.
The company exports its products to 10 countries, with key markets including Oman and Canada.
The company's manufacturing units are situated in Vadodara, Gujarat.
As of January 31, 2025, the company had 218 full-time employees and 75 workers.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 115.27 | 84.37 | 51.97 | 47.74 |
| Total Income | 106.98 | 164.73 | 149.06 | 79.62 |
| Profit After Tax | 9.31 | 4.97 | 6.50 | 1.93 |
| NET Worth | 25.73 | 16.42 | 11.45 | 13.33 |
| Reserves and Surplus | 17.73 | 8.42 | 3.45 | |
| Total Borrowing | 67.67 | 59.67 | 32.44 | 25.60 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 32.00 |
| 2 | Funding capital expenditure requirements towards purchase of slitting and cut-to-length machines at Unit IV | 14.13 |
| 3 | Repayment and/or pre-payment, in part or full, of certain borrowings availed by the company | 14.38 |
| 4 | General Corporate Purposes | |
| Total | 60.51 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 35.70% |
| ROCE | 23.62% |
| Debt/Equity | 3.63 |
| PAT Margin | 3.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.12% |
Lead Manager Reports
Elec Steel Processing IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Elec Steel Processing IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Elec Steel Processing IPO using UPI as a payment gateway. Zerodha customers can apply in Elec Steel Processing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Elec Steel Processing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Elec Steel Processing IPO dates are not announced. Please check back again after some time.
Elec Steel Processing IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Elec Steel Processing IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Elec Steel Processing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Elec Steel Processing IPO allotment status.
The Elec Steel Processing IPO listing date is not yet announced. The tentative date of listing is .
