R.K. Steel Manufacturing Company Limited is a manufacturer of welded structural steel tubes and pipes including pre-galvanised (GP), hot-dip galvanised (GI), hot-rolled (HR) and cold-rolled (CR) steel tubes along with coils and value-added steel products for use in construction, automobile, engineering and related industries.
It has its large customer base & supplies domestically and exports to overseas markets including Sri Lanka, Bhutan, East Africa and Bangladesh signalling a global customer reach.
R.K. Steel has filed DRHP to raise funds via IPO which comprises completely as Fresh issue of 2,00,00,000 equity shares & no Offer-for-sale (OFS).
Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.
| Issue Size: | 2,00,00,000 Shares |
| Fresh Issue: | 2,00,00,000 Shares |
| Offer for Sale: | Nil |
| Price Range: | TBA |
| Lot Size: | TBA |
R.K. Steel Manufacturing important data points:
Revenue, PAT, EBITDA
| Year | Fiscal 2025 |
| Networth | ₹ 120.7 Cr |
| Revenue: | ₹ 1147.8 Cr |
| EBITDA | ₹ 48.3 Cr |
| PAT | ₹ 10.9 Cr |
| EBITDA Margin: | ~4.21% |
| PAT Margin | ~0.95% |
| Face Value: | ₹ 10 per Eq. Share |
IPO important dates
| Open Date: | TBA |
| Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Use of Proceeds
| Purpose | Amount |
| Borrowing payment | ~ ₹ 43.23 Cr |
| Working Capital Requirement | ~ ₹ 76 Cr |
| General Corporate Purpose | Balance |
| Technology & Infrastructure | – |
R.K. Steel Manufacturing Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 847.4 | ₹ 1,022.2 | ₹ 1,147.8 |
| Profit (₹ Cr) | ₹ 19.9 | ₹ 22.7 | ₹ 10.9 |
| Asset (₹ Cr) | ₹ 356.5 | ₹ 401.2 | ₹ 542.6 |
| Net Worth (₹ Cr) | ₹ 87.0 | ₹ 109.8 | ₹ 120.7 |
R.K. Steel IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 31-Dec | ₹ – | ₹ – | ₹ – |
| 30-Dec | ₹ – | ₹ – | ₹ – |
| 29-Dec | ₹ – | ₹ – | ₹ – |
| 28-Dec | ₹ – | ₹ – | ₹ – |
| 27-Dec | ₹ – | ₹ – | ₹ – |
| 26-Dec | ₹ – | ₹ – | ₹ – |
R.K. Steel Manufacturing Company Limited Promoters – Pre offer equity (Approx)
| Pramod Kumar Bhalotia | ~36.83% |
| Mayank Marketing Private Limited | ~32.39% |
| Abhishek Bhalotia | ~14.12% |
| Beena Bhalotia | ~10.46% |
R.K. Steel Manufacturing Company Limited IPO Pros & Cons
Strengths:
- Integrated manufacturing facility enabling diversified steel tube and coil production.
- Growing demand from construction, automobile, solar and engineering sectors supports volume visibility.
- Export presence in multiple countries supporting geographic diversification.
- IPO proceeds planned for debt reduction may strengthen the balance sheet.
- Capacity expansion potential can drive scale efficiencies and margin improvement.
Risks:
- Highly cyclical steel industry exposes revenues to price volatility.
- High dependence on raw-material costs (HR/CR coils) may pressure margins.
- Highly competitive market with numbers of established steel tube manufacturers.
- No disclosed long-term market-share data creates visibility gaps for investors.
- Export exposure introduces currency-fluctuation and logistics risks.
R.K. Steel Manufacturing Company Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Lead Managers / Registrars of R.K. Steel Manufacturing Company Limited
| Lead / Book Running Lead Managers | GYR Capital Advisors Private Limited |
| Registrar (RTA) | MUFG Intime India Pvt Ltd |
Founding Year of R.K. Steel Manufacturing Company Limited & Managing Director
R.K. Steel Manufacturing Company Limited was incorporated in the year 2006.
Mr. Pramod Kumar Bhalotia is the MD & CEO of the company.
R.K. Steel Manufacturing Company Limited FAQ
- Q1. What is the business of R.K. Steel Manufacturing Company Limited?
R.K. Steel manufactures welded structural steel tubes and pipes (GP, GI, HR, CR), plus coils and value-added steel products for construction, automotive, solar and engineering sectors. - Q2. Why is the company raising funds via IPO?
It is raising funds via IPO to repay existing borrowings, fund working-capital needs, and support general corporate purposes to strengthen financial health. - Q3. What is the size of the issue and where will it list?
The IPO proposes a fresh issue of up to 2,00,00,000 equity shares. It will be listed on the BSE & NSE platform. - Q4. What are the risks to an investor?
Risks to investing in the IPO include narrow profit margins, high leverage (debt to equity ratio ~ 2.9), and the cyclic nature of steel-industry which may affect demand and profitability. - Q5. What are the potential upsides?
Potential benefits to invest in the IPO include the company having a well-integrated facility, diversified product mix, established 470+ customer base with, and growth prospects from infrastructure and industrial demand tailwinds. - Q6. How to apply for the IPO?
You can apply to the IPO via your ASBA/UPI through broker platforms or their bank’s net-banking when the IPO opens for subscription. - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
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