M P K Steels IPO
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Schedule of M P K Steels
| Issue open date | 26 Sep 2025 |
| Issue close date | 30 Sep 2025 |
| UPI mandate deadline | 30 Sep 2025 (5 PM) |
| Allotment finalization | 01 Oct 2025 |
| Refund initiation | 03 Oct 2025 |
| Share credit | 03 Oct 2025 |
| Listing date | 06 Oct 2025 |
| Mandate end date | 15 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 31 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 30 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About M P K Steels
MPK Steels (I) is a manufacturer of general-purpose structural steel products including MS Channel, MS Joist/Beam, MS Angle, MS Square Bar, MS Round Bar, and MS Flat. Initially incorporated in 2005 as a private company and converted to public limited in 2024, the company sells through a network of distributors and dealers with long-term relationships. Products serve industries including railways, telecom, state electricity boards, power & energy, automotive, offshore structures, construction, fabrication, auto body builders, and infrastructure development authorities. The company operates from its factory at RIICO Industrial Area, Jaipur, with registered office in Assam.
Financials of M P K Steels
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.76 crores |
| Fresh Issue | ₹25.76 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure – Machinery and Dies | 2.65 (10.28%) |
| Capital Expenditure – Solar Plant Installation | 7.00 (27.17%) |
| Working capital requirements | 9.18 (35.6%) |
| General corporate purposes | 6.93 (27%) |
Strengths
- Diversified product portfolio including MS Channel, MS Joist/Beam, MS Angle, MS Square Bar, MS Round Bar, and MS Flat catering to multiple industries
- Strategic factory location at RIICO Industrial Area, Jaipur offering strong market connectivity and infrastructure advantages
- Serves critical industries including Railways, Telecom, State Electricity Boards, Power & Energy, and Construction providing defensive revenue streams
- Planned solar plant installation demonstrating commitment to sustainable and cost-effective energy solutions for operations
Risks
- Small company size with limited financial resources and scale compared to larger steel manufacturers in the competitive market
- Dependence on distributor and dealer network for sales creating reliance on third-party relationships for revenue generation
- Cyclical nature of steel industry subject to raw material price volatility, demand fluctuations, and economic conditions
- Regional concentration with registered office in Assam and factory in Rajasthan limiting geographical diversification and market reach
- Competition from established steel manufacturers with better resources, technology, and market presence affecting pricing and market share
Allotment Status for M P K Steels
To check your allotment status – click here.
Subscription Figures for M P K Steels
As per media reports (Link), the Grey Market Premium (GMP) of M P K Steels is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 1.50 | 0 | 0.00x |
| NII | 9.30 | 1.63 | 0.18x |
| Retail | 20.12 | 0.12 | 0.01x |
| Total | 30.94 | 1.76 | 0.06x |