Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Steel Infra Solutions Co.Ltd. on November 11, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Steel Infra Solutions Co.Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹96.00 crores and an offer for sale (OFS) of upto 1.42 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India 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 SISCOL 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 | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹96 Cr) |
| Offer for Sale | 1,42,40,473 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 40,60,39,420 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jul 28, 2025 |
| SEBI/Exchange approval received | Tue, Nov 11, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer. |
Incorporated in October 2017, Steel Infra Solutions Company Private Limited is an integrated structural steel solutions provider in India offering design, engineering, fabrication, and erection services for large-scale infrastructure projects.
The company provides end-to-end solutions, including design, engineering, procurement, manufacturing, and erection for industrial and commercial structures. These include steel plants, refineries, power and pallet plants, airports, high-rise buildings, metro and railway structures, hospitals, hotels, mines, stadiums, warehouses, and data centres.
As of March 31, 2025, the company had completed 187 structural steel fabrication projects, delivering 261,735 metric tonnes (MT) of fabricated steel to EPC, PMC, and end-user clients.
The company plans to add 15,000 MT of manufacturing capacity in Vadodara by Fiscal 2027.
It operates six manufacturing units—four in Bhilai (Chhattisgarh), one in Vadodara (Gujarat), and one in Hyderabad (Telangana)—with a total installed capacity of 100,000 MT as of March 31, 2025.
The in-house design and engineering team comprises 71 engineers located in Bengaluru, Chennai, Hyderabad, and Bhilai.
The company is supported by a professional team, including 335 engineers, and maintains long-standing relationships with key customers—three of the top 10 customers have worked with the company for over three years as of March 31, 2025.
It has sales and marketing offices in New Delhi, Chennai, and Mumbai, with a sales team of nine employees. The company also manages a network of 1,068 suppliers across 24 states and union territories in India.
Competitive Strengths
Steel Infra Solutions Co.Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 33% 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 | 494.30 | 386.83 | 315.50 |
| Total Income | 639.35 | 576.21 | 514.29 |
| Profit After Tax | 32.96 | 24.85 | 17.53 |
| EBITDA | 1,046.30 | 968.20 | 914.60 |
| NET Worth | 217.40 | 188.22 | 137.64 |
| Reserves and Surplus | 176.79 | 147.62 | 100.92 |
| Total Borrowing | 13.58 | 33.87 | 40.53 |
| 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 capital expenditure requirements for Back-Side Expansion of manufacturing unit located in Vadodara | 29.70 |
| 2 | Funding capital expenditure requirements for Bay 4 Expansion of our manufacturing unit located in Vadodara | 9.70 |
| 3 | Funding capital expenditure requirements for our manufacturing units located in Hyderabad and Bhilai | 5.97 |
| 4 | Funding working capital requirements of our Company | 27.00 |
| 5 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 15.16% |
| ROCE | 23.80% |
| Debt/Equity | 0.06 |
| RoNW | 15.16% |
| PAT Margin | 5.16% |
| EBITDA Margin | 10.42% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLMs (including any underwriting commission, brokerage and selling commission) | |
| 2 | Advertising and marketing expenses | |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 5 | Printing and distribution of Offer stationery | |
| 6 | Others | |
| 7 | Regulatory filing fees, book building software fees, listing fees etc. | |
| 8 | Fee payable to statutory auditor | |
| 9 | Fees payable to other intermediaries | |
| 10 | Fee payable to legal counsels | |
| 11 | Miscellaneous |
Lead Manager Reports
SISCOL IPO is a main-board 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 SISCOL IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SISCOL IPO using UPI as a payment gateway. Zerodha customers can apply in SISCOL IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SISCOL IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SISCOL IPO dates are not announced. Please check back again after some time.
SISCOL IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in SISCOL 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 SISCOL IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SISCOL IPO allotment status.
The SISCOL IPO listing date is not yet announced. The tentative date of listing is .
