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M P K Steels (I) Ltd. 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 ₹79.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,52,800.00 (3,200 shares) (based on upper price). The minimum lot size investment for 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 Date | September 26, 2025 to September 30, 2025 |
| Listing Date | October 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹79 per share |
| Issue Price Final | ₹79 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,57,600 shares (aggregating up to ₹25.74 Cr) |
| Reserved for Market Maker | 1,63,200 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.29 Cr) |
| Net Offered to Public | 30,94,400 shares (aggregating up to ₹24.45 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 69,23,358 shares |
| Share Holding Post Issue | 1,01,80,958 shares |
M P K Steels IPO offers total 32,57,600 shares. Out of which 1,50,400 (4.62%) allocated to QIB, 9,31,200 (28.59%) allocated to NII 20,12,800 (61.79%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,63,200 (5.01%) |
| QIB Shares Offered | 1,50,400 (4.62%) |
| NII (HNI) Shares Offered | 9,31,200 (28.59%) |
| − bNII > ₹10L | 6,20,800 (19.06%) |
| − sNII < ₹10L | 3,10,400 (9.53%) |
| Retail Shares Offered | 20,12,800 (61.79%) |
| Total Shares Offered | 32,57,600 (100.00%) |
M P K Steels IPO opens on September 26, 2025, and closes on September 30, 2025.
| IPO Open Date | Fri, Sep 26, 2025 |
| IPO Close Date | Tue, Sep 30, 2025 |
| Tentative Allotment | Wed, Oct 1, 2025 |
| Initiation of Refunds | Fri, Oct 3, 2025 |
| Credit of Shares to Demat | Fri, Oct 3, 2025 |
| Tentative Listing Date | Mon, Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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:
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 | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 80.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.74 | 5.95 |
| P/E (x) | 9.04 | 13.29 |
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 | 2.90 |
[Dilip Davda] MSIL is engaged in manufacturing and marketing specialized general purpose structural steel products. The company marked steady growth in its top and bottom lines for the reported periods. With product mix and cost-effective process, it has managed to earn higher margins. Based on recent set of financial data, the issue appears fully priced. Well informed/cash surplus investors may park funds for medium to long term. Read detail review...
| Listing Date | October 6, 2025 |
| BSE Script Code | 544553 |
| NSE Symbol | |
| ISIN | INE1PJP01015 |
| Final Issue Price | ₹79 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹80.00 |
| Low | ₹80.00 |
| High | ₹84.00 |
| Last Trade | ₹83.50 |
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 32,57,600 equity shares of the face value of ₹10 aggregating up to ₹25.74 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 1600.
The IPO opens on September 26, 2025, and closes on September 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 September 26, 2025 and closes on September 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 Friday, October 3, 2025. Check the M P K Steels IPO allotment status.
The M P K Steels IPO listing date is on Monday, October 6, 2025.
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