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IPO details
The minimum application size for retail investors is 3,000 shares, amounting to Rs 2.37 lakh at the upper price band, making the entry point relatively high compared with other SME offerings. Up to 50% of the issue is reserved for qualified institutional buyers, at least 35% for retail investors and not less than 15% for non-institutional investors.
Company Overview
The Jaipur-based company manufactures general-purpose structural steel products that find applications across railways, power, telecom, automotive, and construction sectors.
Its portfolio includes mild steel channels, beams, angles, flats and rounds, with MS channels serving as the main revenue driver.
The company’s products are used in industrial sheds, vehicle chassis, bridges, roof trusses, and other infrastructure projects.With dual plant operations at a single location and an extensive range of dies for different measurements, MPK Steels has positioned itself as a versatile supplier catering to multiple industries.Financially, MPK Steels has delivered consistent growth. For FY25, revenue rose 10% to Rs 208.03 crore while profit after tax nearly doubled to Rs 6.05 crore from Rs 3.11 crore the previous year.
IPO proceeds
Proceeds from the IPO will be used for machinery purchases, setting up a solar plant, meeting working capital needs and general corporate purposes. Promoter holding of 97.82% will be diluted post-issue, broadening the company’s shareholder base.
Gretex Corporate Services is the book-running lead manager, Maashitla Securities is registrar and Gretex Share Broking is the market maker.
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