M P K Steels (I)
September 26, 2025 – September 30, 2025
| Price | ₹75 - ₹79 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1600 |
| Allotment | Oct 1, 2025 |
| Listing | Oct 6, 2025 |
M P K Steels (I) Subscription
Last updated on 28-Sep-2025 16:21:16
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 150400 | 0 | 0 |
| HNIs | 931200 | 0 | 0 |
| bHNI | 620800 | 0 | 0 |
| sHNI | 310400 | 0 | 0 |
| Individual | 2012800 | 12800 | 0.01 |
| Total | 3094400 | 12800 | 0 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 129 | 1 | 0.01 |
| Individual | 629 | 4 | 0.01 |
M P K Steels (I) Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 3200 | 252800 | 629 |
| sHNI | 3 | 4800 | 379200 | 65 |
| bHNI | 8 | 12800 | 1011200 | 129 |
M P K Steels (I) Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 150400 | 4.62% |
| HNI | 931200 | 28.59% |
| INDIVIDUAL | 2012800 | 61.79% |
| Market Maker | 163200 | 5.01% |
| Total | 3257600 | 100% |
M P K Steels (I) About
M P K Steels IPO Details
| Issue Size | 32,57,600 shares (aggregating up to ₹25.73 Cr) |
| Fresh Issue | 32,57,600 shares (aggregating up to ₹25.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 69,23,358 shares |
| Share Holding Post Issue | 1,01,81,358 shares |
| Reserved for Market Maker | 1,63,500 shares (aggregating up to ₹1.29 Cr) |
| Market Maker | Gretex Share Broking Pvt.Ltd. |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 28.55% | 18.70% | 13.73% |
| ROCE | 19.32% | 8.93% | 5.47% |
| EPS (basic) | 8.74 | 8.98 | 9.38 |
| P/E Pre IPO | 9.04 | ||
| P/E Post IPO | 13.29 |
Company Financials (In ₹Crores)
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 62.36 | 56.64 | 45.67 |
| 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 | 17.31 | 14.72 | 11.61 |
| Borrowing | 18.48 | 13.94 | 14.54 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| M P K Steels (I) Ltd. | - | - | 10.00 |
| Rathi Bars Ltd | 21.92 | 34.16 | 10.00 |
| Mangalam Worldwide Limited | 15.58 | 163.55 | 10.00 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| M P K Steels (I) Ltd. | 35.00 | 24.98 | 8.74 |
| Rathi Bars Ltd | 57.51 | 2.65 | 1.57 |
| Mangalam Worldwide Limited | 86.20 | 11.67 | 10.57 |
About Company
Incorporation & Business Activity
Established in 2005, M P K Steels (I) Limited is engaged in the manufacturing and trading of structural steel products. The company serves diverse industries such as railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development by providing high-quality steel solutions.
Products Portfolio
The company manufactures and trades a wide range of general-purpose structural steel products, with M.S. Channels being the primary revenue contributor.
- M.S. Channels – Used for industrial sheds, machinery, material handling, vehicle chassis, railway bridges, fencing, and multiple industrial applications.
- M.S. Angles – Supports building frames, bridges, roof trusses, machinery, security barriers, vehicle frames, and railway infrastructure.
- M.S. Flats – Utilized in custom metalwork, welding, racks, furniture, gates, fencing, reinforcement, automotive parts, bridges, and architectural projects.
Infrastructure
- Manufacturing facility located at A-195, RIICO Industrial Area, Jaipur, offering strong market connectivity.
- Workforce includes engineers, professionals, skilled and unskilled staff, ensuring efficient operations.
Distribution Network
The company has a well-established presence across multiple states, including Rajasthan, Punjab, West Bengal, Gujarat, Haryana, Uttar Pradesh, Assam, and Madhya Pradesh.
The Net Proceeds from the Issue will be utilised towards the following objects:
Capital Expenditure towards purchase of Machinery and Dies for an amount of ₹2.65 crores.
Capital Expenditure towards installation of Solar Plant for an amount of ₹7.00 crores.
To meet Working Capital Requirements for an amount of ₹9.18 crores.
General Corporate Purposes.
Strength
Dual Plant Operations: Having two plants at a single location enhances production capacity and operational efficiency.
Extensive Range of Dies: Ability to handle diverse steel measurements caters to a wide range of customer requirements.
Strong Brand & Relationships: Long-term client relationships and brand recognition support business stability and repeat orders.
Weakness
Supplier Dependency: Reliance on a few key suppliers could disrupt operations if any supplier is lost.
Customer Concentration: Majority of revenue comes from top 10 customers, increasing vulnerability if a major client leaves.
Raw Material Risks: Fluctuations in availability, price, or storage of key raw materials could negatively affect production and financial results.
M P K Steels (I) Lead Manager(s)
M P K Steels (I) Address
House No. 87,
Rajgarh Road, Silpukhuri,
Kamrup, GMC
Kamrup, Assam, 781003
Phone: +91 86960 00318
Email: info@mpksteels.com
Website: http://www.mpksteels.com/
M P K Steels (I) Registrar
M P K Steels (I) Reviewers
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