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M P K Steels (I) Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on July 10, 2025 to raise funds through Initial Public Offer (IPO).
The initial submission on March 30, 2025 was withdrawn by the company on June 11, 2025 prompting the company to refile the documents.
M P K Steels (I) Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.26 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Gretex Corporate Services Ltd. is the book running lead manager and Maashitla Securities Pvt.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 M P K Steels IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 69,23,358 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, Mar 30, 2025 |
| Offer document withdrawn | Wed, Jun 11, 2025 |
| Filed with SEBI/Exchange | Thu, Jul 10, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As on June 12, 2025, the company has a total of 22 employees on payroll.
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 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 28.55% |
| ROCE | 19.32% |
| Debt/Equity | 0.76 |
| RoNW | 24.98% |
| PAT Margin | 2.93% |
| EBITDA Margin | 4.21% |
The Company M P K Steels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
M P K Steels (I) Ltd.
House No. 87,
Rajgarh Road, Silpukhuri,
Kamrup, GMC
Kamrup, Assam, 781003
Phone: +91 86960 00318
Email: info@mpksteels.com
Website: http://www.mpksteels.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
M P K Steels IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The M P K Steels IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
M P K Steels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the M P K Steels IPO allotment status.
The M P K Steels IPO listing date is not yet announced. The tentative date of M P K Steels IPO listing is [.].
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