Bookbuilding IPO | ₹26 Cr | Listed at BSE SME | Fri, Sep 26, 2025 - Tue, Sep 30, 2025
M P K Steels IPO is a book build issue of ₹25.74 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹25.74 crore.
M P K Steels IPO bidding started from Sep 26, 2025 and ended on Sep 30, 2025. The allotment for M P K Steels IPO was finalized on Oct 1, 2025. The shares got listed on BSE SME on Oct 6, 2025.
M P K Steels IPO price band is set at ₹79 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,52,800 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,79,200.
Gretex Corporate Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to M P K Steels IPO RHP for detailed Information.
IPO Open
Fri, Sep 26, 2025
IPO Close
Tue, Sep 30, 2025
Issue Price
₹79 per share
Market Cap (Pre-IPO)
₹80.43 Cr
| IPO Date | 26 to 30 Sep, 2025 |
| Listed on | Mon, Oct 6, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹79 |
| Issue Price | ₹79 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,57,600 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,63,200 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 30,94,400 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 30,94,400 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 69,23,358 shares |
| Share Holding Post Issue | 1,01,80,958 shares |
| BSE Script Code | 544553 |
| ISIN | INE1PJP01015 |
M P K Steels IPO comprises a total issue size of 32,57,600 shares. The net offer to the public is 30,94,400 shares, after excluding 1,63,200 shares allotted on a firm basis. Of the Net offer 1,50,400 (4.86%) are allocated to QIB, 9,31,200 (30.09%) allocated to NII 20,12,800 (65.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,50,400 | 4.86% | 4.62% |
| NII (HNI) Shares Offered | 9,31,200 | 30.09% | 28.59% |
| − bNII > ₹10L | 6,20,800 | 19.06% | |
| − sNII < ₹10L | 3,10,400 | 9.53% | |
| Retail Shares Offered | 20,12,800 | 65.05% | 61.79% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,63,200 | 5.01% | |
| Total Shares Offered | 32,57,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,52,800 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,52,800 |
| S-HNI (Min) | 3 | 4,800 | ₹3,79,200 |
| S-HNI (Max) | 7 | 11,200 | ₹8,84,800 |
| B-HNI (Min) | 8 | 12,800 | ₹10,11,200 |
Incorporated in 2005, M P K Steels (I) Limited is engaged in manufacturing of structural steel products.
The company manufactures general-purpose structural steel products for industries like railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development, ensuring high-quality solutions.
The company manufactures and trades structural steel products like M.S. Channels, Beams, Angles, Squares, Rounds, and Flats, with M.S. Channels being the main revenue driver and key to success.
The company’s factory is located at A-195, RIICO Industrial Area, Jaipur, offering strong market connectivity. It employs a mix of skilled and unskilled staff, including engineers and professionals.
Products:
The company has a distribution network across Rajasthan, Punjab, West Bengal, Gujarat, Haryana, Uttar Pradesh, Assam, and Madhya Pradesh.
Competitive Strengths:
M P K Steels (I) Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 95% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 62.36 | 56.64 | 45.67 |
| Total Income | 208.03 | 189.17 | 138.85 |
| Profit After Tax | 6.05 | 3.11 | 1.81 |
| EBITDA | 8.69 | 3.28 | 1.91 |
| NET Worth | 24.23 | 18.18 | 15.07 |
| Reserves and Surplus | 17.31 | 14.72 | 11.61 |
| Total Borrowing | 18.48 | 13.94 | 14.54 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards purchase of Machinery and Dies | 2.65 |
| 2 | Capital Expenditure towards installation of Solar Plant | 7.00 |
| 3 | To meet Working Capital Requirements | 9.18 |
| 4 | General Corporate Purposes | 2.90 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.55% |
| ROCE | 19.32% |
| Debt/Equity | 0.76 |
| RoNW | 24.98% |
| PAT Margin | 2.93% |
| EBITDA Margin | 4.21% |
| Price to Book Value | 2.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.74 | 5.95 |
| P/E (x) | 9.04 | 13.29 |
| Promoter Holding | 97.82% | 66.52% |
| Market Cap | ₹80.43 Cr. |
The M P K Steels IPO is subscribed 1.54 times on September 30, 2025 5:05:00 PM (Day 3). The public issue subscribed 0.58 times in the individual investors category, 19.95 times in the QIB category, and 0.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 19.95 | 1,50,400 | 30,00,000 | 0 |
| NII* | 0.65 | 9,30,900 | 6,06,100 | 0 |
| bNII (bids above ₹10L) | 0.92 | 6,20,500 | 5,72,500 | |
| sNII (bids below ₹10L) | 0.11 | 3,10,400 | 33,600 | |
| Individual Investor | 0.58 | 20,12,800 | 11,68,000 | 0 |
| Total | 1.54 | 30,94,100 | 47,74,100 | 407 |
Total Application : 407
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM and commission (including selling commission, brokerage and underwriting commission) | 2.86 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.04 |
| 3 | Fees payable to Registrar to Issue | 0.02 |
| 4 | Market Making Fees | 0.07 |
| 5 | Fees payable to Regulators including Stock Exchange and other Intermediaries | 0.09 |
| 6 | Printing & Distribution Expenses | 0.00 |
| 7 | Marketing & Selling Expenses | 0.83 |
| 8 | Fees to Legal Counsel | 0.02 |
| 9 | Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies) | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹80.00 |
| Low | ₹80.00 |
| High | ₹84.00 |
| Last Trade | ₹83.50 |
Lead Manager Reports
M P K Steels IPO is a SME IPO of 32,57,600 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Sep 26, 2025, and closes on Tue, Sep 30, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in M P K Steels IPO using UPI as a payment gateway. Zerodha customers can apply in M P K Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in M P K Steels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The M P K Steels IPO opens on Fri, Sep 26, 2025 and closes on Tue, Sep 30, 2025.
M P K Steels IPO lot size is 1600, and the minimum amount required for application is ₹2,52,800, with 2 lots being the minimum application size.
You can apply in M P K Steels 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 M P K Steels IPO will be done on Wednesday, October 1, 2025, and the allotted shares will be credited to your demat account by Fri, Oct 3, 2025. Check the M P K Steels IPO allotment status.
The M P K Steels IPO listing date is on Mon, Oct 6, 2025.
