M P K Steels (I) Limited s engaged in the manufacturing and trading of structural steel products. The company focuses on producing general-purpose structural steel that caters to a wide range of industries such as railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development.
Its product portfolio includes M.S. Channels, Beams, Angles, Squares, Rounds, and Flats, with M.S. Channels contributing the highest share of revenue and forming a critical part of its growth strategy. These products are widely used for industrial sheds, bridges, machinery, vehicle chassis, fencing, trusses, and custom metalwork applications.
The company’s manufacturing facility is located at A-195, RIICO Industrial Area, Bagru Extension, Jaipur (Rajasthan), providing it with strong connectivity to key markets. The facility is supported by a workforce of skilled and unskilled employees, engineers, and technical professionals, ensuring both quality and operational efficiency.
Key Products and Applications:
- M.S. Channels – Strong frames for sheds, machinery, vehicle chassis, bridges, and fencing.
- M.S. Angles – Widely used in building frames, roof trusses, bridges, security barriers, and railway infrastructure.
- M.S. Flats – Suitable for custom fabrication, racks, furniture, gates, fencing, reinforcement, and automotive components.
With an established distribution network across Rajasthan, Punjab, West Bengal, Gujarat, Haryana, Uttar Pradesh, Assam, and Madhya Pradesh, M P K Steels has steadily expanded its market presence by serving both institutional and retail customers with reliable and quality-driven products.
M P K Steels IPO – Details
| IPO Opening Date | 26 September 2025 |
| IPO Closing Date | 30 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 32,58,000 Shares Worth ₹25.74 Crore Fresh Issue: 32,58,000 Shares Worth ₹25.74 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 to ₹79 per share |
| Market Lot | 1,500 Shares |
| Min Order | 1,500 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
M P K Steels IPO – Date Schedule
| IPO Open Date | 26 September 2025 |
| IPO Close Date | 30 September 2025 |
| Basis of Allotment | 01 Ocotber 2025 |
| Initiation of Refund | 03 Ocotber 2025 |
| Credit of Shares to Demat | 03 Ocotber 2025 |
| IPO Listing Date | 06 Ocotber 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2025 |
M P K Steels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,000 | ₹2,37,000 |
| Retail (Max) | 2 | 3,000 | ₹2,37,000 |
| S-HNI (Min) | 3 | 4,500 | ₹3,55,500 |
| S-HNI (Max) | 8 | 12,000 | ₹9,48,000 |
| B-HNI (Min) | 9 | 13,500 | ₹10,66,500 |
Competitive Strengths
- Dual Plant Operations at a Single Location.
- Extensive Range of Dies for Diverse Steel Measurement.
- Strong Brand and Long-Term Relationships.
- Rigorous Quality Assurance and Control.
Company Promoters
- Manoj Upadhyay
- Suresh Kumar Sharma
- Nidhi Upadhyay
- Santosh Devi Sharma
- M/s. Suresh Kumar Sharma
- Sons HUF,
- M/s. Manoj Kumar Upadhyay HUF
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹138.85 Cr | ₹136.39 Cr | ₹1.81 Cr | ₹14.54 Cr |
| 31 March 2024 | ₹189.17 Cr | ₹184.86 Cr | ₹3.11 Cr | ₹13.94 Cr |
| 31 March 2025 | ₹208.03 Cr | ₹200.11 Cr | ₹6.05 Cr | ₹18.48 Cr |
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 (₹) | 8.74 | 5.95 |
| P/E (x) | 9.04 | 13.29 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditure towards purchase of Machinery and Dies. | ₹2.65 Cr |
| Capital Expenditure towards installation of Solar Plant. | ₹7.00 Cr |
| To meet Working Capital Requirements. | ₹9.18 Cr |
| General Corporate Purposes | – |
✅Strengths
- Wide range of structural steel products (channels, angles, flats, beams, etc.).
- ISO & BIS certified quality with industry recognition.
- Plant in Jaipur with strong market connectivity.
- Experienced promoters and growing distribution network.
- Consistent revenue and profit growth.
⚠️Risks
- High dependence on few suppliers and customers.
- Pending tax and GST disputes.
- Trademark “MPK” under objection.
- Exposed to steel price volatility and industry cycles.
- Heavy reliance on promoters for operations.
M P K Steels IPO Promoter Holding
| Pre Issue Share Holding | 97.82% |
| Post Issue Share Holding | – |
M P K Steels IPO Prospectus
Company Contact Information
| M P K Steels (I) Ltd. 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 IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
M P K Steels IPO Lead Manager(s)
| 1. Gretex Corporate Services Ltd. |
M P K Steels IPO FAQ
| What is M P K Steels IPO? M P K Steels IPO is an SME IPO. The issue is priced at ₹75 – ₹79 per equity share. The IPO is to be listed on BSE SME. |
| When M P K Steels IPO will open? The IPO is to open on 26 September 2025 for QIB, NII, and Retail Investors. |
| What is M P K Steels IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the M P K Steels IPO Size? M P K Steels IPO size is ₹25.74 Crore. |
| What is M P K Steels IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3000 Shares with ₹2,37,000 amount, while the maximum bid is 3000 Shares with ₹2,37,000. |
| What is the M P K Steels IPO Allotment Date? M P K Steels IPO allotment date is 01 October 2025. |
| What is the M P K Steels IPO Listing Date? M P K Steels IPO listing date is 06 October 2025. The IPO is to be listed on the BSE SME. |
