Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Sky Alloys & Power Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on December 5, 2025.
Sky Alloys & Power Ltd. IPO was a Book Build Issue of 1.79 crore equity shares consisting of a fresh issue of upto 1.61 crore equity shares and an offer for sale (OFS) of upto 0.18 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Gretex Corporate Services Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| 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 |
| Total Issue Size | 1,78,91,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,60,84,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 18,07,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 4,83,73,451 shares |
| Share Holding Post Issue | 6,44,57,451 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| Offer document withdrawn | Fri, Dec 5, 2025 |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 Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 2009, Sky Alloys and Power Limited is a steel manufacturing company engaged in the production of Sponge Iron, Mild Steel (MS) Billets, Ferro-Alloy products (such as Silico Manganese), and TMT Bars. The company operates an integrated manufacturing facility located at Village Temtema, Post Robertson, Tehsil Kharsia, District Raigarh, Chhattisgarh.
The company began its operations with the installation of its first Direct Reduced Iron (DRI) plant in Raigarh, Chhattisgarh. Its product portfolio serves both intermediate and end-use markets. Intermediate products like Sponge Iron and MS Billets are sold primarily through a Business-to-Business (B2B) model, catering to other steel manufacturers and industrial clients.
For its flagship value-added product, “SKY TMT” bars, the company follows a dealer and agent-based distribution strategy, without formal long-term agreements, to strengthen its retail market presence.
As of March 31, 2025, Sky Alloys and Power Limited employed 778 permanent employees and 250 contract workers, supporting its manufacturing and operational activities.
Sky Alloys & Power Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 18% 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 | 524.08 | 388.08 | 285.75 |
| Total Income | 821.09 | 631.23 | 555.47 |
| Profit After Tax | 53.05 | 44.97 | 37.56 |
| EBITDA | 110.31 | 90.79 | 78.63 |
| NET Worth | 217.11 | 164.14 | 120.10 |
| Reserves and Surplus | 170.59 | 94.88 | 50.84 |
| Total Borrowing | 269.71 | 178.58 | 132.10 |
| 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 part of the capital expenditure requirements towards setting-up of Solar Power Project. | 90.00 |
| 2 | Repayment and/or pre-payment, of borrowings; and | 120.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 27.83% |
| ROCE | 19.01% |
| Debt/Equity | 1.24 |
| RoNW | 27.83% |
| PAT Margin | 6.48% |
| EBITDA Margin | 13.46% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.97 | 8.23 |
| Promoter Holding | 72.33% |
Lead Manager Reports
Sky Alloys and Power IPO is a main-board IPO of 1,78,91,000 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 Sky Alloys and Power 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 Sky Alloys and Power IPO using UPI as a payment gateway. Zerodha customers can apply in Sky Alloys and Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sky Alloys and Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sky Alloys and Power IPO dates are not announced. Please check back again after some time.
Sky Alloys and Power IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sky Alloys and Power 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 Sky Alloys and Power IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sky Alloys and Power IPO allotment status.
The Sky Alloys and Power IPO listing date is not yet announced. The tentative date of listing is .
