Steel Infra Solutions files IPO papers with SEBI

Steel Infra Solutions Company has filed preliminary papers with SEBI seeking its approval to raise funds through an initial public offering. The IPO will consist of a fresh issue of equity shares amounting to Rs 96 crore, and an offer-for-sale of 1.42 crore shares by existing shareholders.

Steel Infra Solutions Company is an integrated structural steel solutions provider offering end-to-end services including design, engineering, fabrication, and erection, for large-scale infrastructure projects.

With a total installed capacity of 1 lakh metric tonnes (MT) per annum, Steel Infra operates six manufacturing units – four in Bhilai (Chhattisgarh), and one each in Vadodara (Gujarat) and Hyderabad (Telangana), as of March 31, 2025.

The net proceeds from the fresh issue will be used to fund capital expenditure at the Vadodara, Hyderabad, and Bhilai facilities, as well as to meet working capital needs and general corporate purposes.

DAM Capital Advisors Ltd is acting as the sole book-running lead manager for the IPO.