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M.P.K Steels IPO
M.P.K. Steel IPO is a book-built issue of INR 25.74 crores. The issue is entirely a fresh issue of 0.33 crore shares. The price band is set at INR 75 to INR 79 per share, and the lot size for an application is 1,600 shares. The minimum investment required by an individual investor is INR 2,52,800 (3,200 shares). The IPO bidding opened on September 26, 2025, and will close on September 30, 2025. It will list on BSE SME with a tentative listing date of October 6, 2025.
Company Background
M.P.K. Steels Ltd., incorporated in 2005 and based in Jaipur, is engaged in the manufacturing of structural steel products such as angles, flats, beams, and rounds. The company is ISO certified and holds BIS certification. Its primary revenue comes from steel manufacturing, catering to sectors such as railways, telecom, power & energy, and automotive. Additional income sources include traded goods, scrap, and raw material sales. The company’s vision focuses on strategic expansion, sustainability, and using IPO proceeds to fund growth initiatives.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
M.P.K Steels IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
M.P.K Steels IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2025 to September 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹79 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,58,000 shares (aggregating up to ₹25.74 Cr) |
| Reserved for Market Maker | 1,63,500 shares (aggregating up to ₹1.29 Cr) Gretex Share Broking Pvt.Ltd. |
| Net Offered to Public | 30,94,500 shares (aggregating up to ₹24.45 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 |
M.P.K Steels IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Sep 26, 2025 |
| IPO Close Date | Tue, Sep 30, 2025 |
| Tentative Allotment | Wed, Oct 1, 2025 |
| Initiation of Refunds | Fri, Oct 3, 2025 |
| Credit of Shares to Demat | Fri, Oct 3, 2025 |
| Tentative Listing Date | Mon, Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2025 |
M.P.K Steels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,52,800 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,52,800 |
| S-HNI (Min) | 3 | 4,800 | ₹3,79,200 |
| S-HNI (Max) | 7 | 11,200 | ₹8,84,800 |
| B-HNI (Min) | 8 | 12,800 | ₹10,11,200 |
M.P.K Steels IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 97.82% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Strong market connectivity and a team of skilled staff.
- • Long-term relationships with clients and promoters.
M.P.K Steels IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 62.36 | 208.03 | 6.05 | 24.23 | 18.48 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 56.64 | 189.17 | 3.11 | 18.18 | 13.94 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 45.67 | 138.85 | 1.81 | 15.07 | 14.54 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.55% |
| ROCE | 19.32% |
| Debt/Equity | 0.76 |
| RoNW | 24.98% |
| PAT Margin | 2.93% |
| EBITDA Margin | 4.21% |
| Price to Book Value | 2.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.74 | 5.95 |
| P/E (x) | 9.04 | 13.29 |
Conclusion
The M.P.K. Steel IPO presents an opportunity to invest in a growing steel manufacturer with consistent revenue growth and loyal management. With a distribution network across East & North India, the promoters emphasize infrastructure development, sustainability, technological advancement, customer focus, market exposure, and financial stability. These factors collectively inspire trust and long-term growth potential for investors.
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