M P K Steels (I) Limited
Bookbuilding IPO · BSE
- Price band
- ₹75 - ₹79
- Lot size
- 1,600 shares
- Issue amount
- ₹25.74 cr
- Total subscription
- 1.6×
- Opens
- 26 Sept 2025
- Closes
- 30 Sept 2025
- Allotment
- 1 Oct 2025
- Listing
- 6 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 32,58,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹25.74 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,18,500
- Issue type
- Bookbuilding IPO
- Shares before issue
- 69,23,358
- Shares after issue
- 1,01,81,358
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,52,800 |
| sHNI | 3 | 4,800 | ₹3,79,200 |
| bHNI | 9 | 12,800 | ₹10,11,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 629 | 365 |
| HNIs(10L +) | 129 | 33 |
| HNIs (2-10L) | 65 | 6 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1.19 | 23.7 |
| Others | 0 | 23.7 |
| RETAIL | 15.9 | 9.23 |
| HNIs 2+ | 2.45 | 0.27 |
| HNIs 10+ | 4.9 | 5.81 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.74 | 8.98 | 9.38 |
| ROE | 28.55 | 18.7 | 13.73 |
| ROCE | 19.32 | 8.93 | 5.47 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 9.04 | 0 | 0 |
| POST IPO(PE) | 13.29 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| M P K Steels (I) Limited | NA | NA | 10.00 | 35.00 | 24.98 | 8.74 |
| Rathi Bars Limited | 21.92 | 34.16 | 10.00 | 57.51 | 2.65 | 1.57 |
| Mangalam Worldwide Limited | 15.58 | 163.55 | 10.00 | 86.20 | 11.67 | 10.57 |
Company information
Company profile
M P K Steels (I) Limited, incorporated in 2005, is a manufacturer of structural steel products catering to industries such as railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development. The company produces and trades a wide range of steel products including M.S. Channels, Beams, Angles, Squares, Rounds, and Flats, with M.S. Channels being its primary revenue contributor. Its manufacturing facility is located at RIICO Industrial Area, Jaipur, providing strong market connectivity and supported by a workforce of skilled and unskilled employees, including engineers and professionals. The company’s product portfolio serves diverse applications such as industrial sheds, bridges, machinery, vehicle frames, furniture, gates, heavy-duty racks, and architectural designs. Backed by a strong distribution network, M P K Steels has established its presence across states like Rajasthan, Punjab, West Bengal, Gujarat, Haryana, Uttar Pradesh, Assam, and Madhya Pradesh.
Strengths
- Two Plants at One Site: Operating dual plants in a single location boosts production capacity and improves efficiency.
- Wide Variety of Dies: Capable of handling different steel measurements to serve varied customer needs.
- Established Brand and Client Ties: Strong brand value and long-term customer relationships ensure stability and repeat business.
Risk factors
- Dependence on Key Suppliers: Relying on a limited number of suppliers may disrupt operations if any supply source is lost.
- Revenue Concentration from Major Customers: A large share of revenue comes from the top 10 clients, making the business vulnerable if a key customer exits.
- Risks from Raw Materials: Changes in availability, price, or storage of essential raw materials could impact production and financial performance.
Promoters
Manoj Upadhyay
Suresh Kumar Sharma
Nidhi Upadhyay
Santosh Devi Sharma
M/s. Suresh Kumar Sharma and Sons HUF
M/s. Manoj Kumar Upadhyay HUF
Registrar & documents
Lead manager
Gretex Corporate Services Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
House No. 87, Rajgarh Road, Silpukhuri, Kamrup, GMC Kamrup, Assam, 781003
+91 86960 00318
[email protected]Company website ↗Understanding MPKSTEELS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.