Steel Infra Solutions Company Limited

Steel Infra Solutions (NEW IPO): GMP, Profit, Price & expert review

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Steel Infra Solutions Company Limited is an integrated structural steel solutions provider catering to large-scale infrastructure projects. The company offers services such as design, engineering, fabrication, and erection of steel structures used in projects like power plants, refineries, metros, high-rise buildings, and industrial facilities.

Steel Infra Solutions Company Limited was incorporated in 2017 & currently Mr. Ravikant Uppal serves as the Managing Director & Chairman of the company.

Steel Infra Solutions Company Limited operates 6 manufacturing units across India (4 in Bhilai, 1 in Vadodara, and 1 in Hyderabad) with a total capacity of 1,00,000 MT per year. It serves leading EPC and infrastructure companies such as Tata Steel, L&T Group, Adani Power, Shapoorji Pallonji, Afcons Infrastructure, and ArcelorMittal Nippon Steel India, showing strong reach in large infrastructure projects.

Steel Infra Solutions Company Limited has filed its DRHP with the SEBI for an IPO consisting of a Fresh Issue for ₹ 96 crore and an OFS of 14,240,473 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 96 Cr + 14,240,473 Equity Shares
Fresh Issue:₹ 96 Cr
Offer for Sale:14,240,473 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Steel Infra Solutions Company Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 217.39Cr
Revenue:₹ 636.09 Cr
EBITDA₹ 66.30 Cr
EBITDA Margin:~10.42%
PAT₹ 32.96 Cr
PAT Margin~5.16%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Expansion of manufacturing facilities~ ₹ 45.37 Cr
Working capital requirements~ ₹ 27 Cr
Sales and Marketing~ ₹ 00 Cr
General Corporate Purpose ₹ 00 Cr

Steel Infra Solutions Company Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 511.71₹ 573.48₹ 636.09
PAT (₹ Cr)₹ 17.53₹ 24.84₹ 32.96
Asset (₹ Cr)₹ 315.49₹ 386.82₹ 494.29
Net Worth (₹ Cr)₹ 137.64₹ 188.22₹ 217.39

Steel Infra Solutions Company IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
28-Apr₹ –₹ –₹ –
27-Apr₹ –₹ –₹ –
26-Apr₹ –₹ –₹ –
25-Apr₹ –₹ –₹ –
24-Apr₹ –₹ –₹ –
Steel Infra Solutions Company Limited

Steel Infra Solutions Company Limited IPO Pros & Cons

Strengths:

  • Strong order book, providing revenue visibility.
  • Benefiting from India’s infrastructure and capex growth cycle.
  • Presence of large blue-chip clients like Tata, L&T, and Adani.
  • Integrated manufacturing capability with 1,00,000 MT annual capacity.
  • Revenue and profit growth in FY25, showing improving financial performance.

Risks:

  • Business highly dependent on infrastructure capex cycles.
  • Customer concentration risk from large EPC clients.
  • Steel fabrication industry has intense competition and thin margins.
  • Project execution delays can impact revenue and cash flows.
  • Expansion plans may require high capital expenditure and working capital.

Steel Infra Solutions Company Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Ravikant Uppal~ 18.46 %
Surin Holdings LLP~ 14.46 %
Ranjan Sharma~ 8.49 %
Zarksis Jahangir Parabia~ 2.96 %
Rajagopal Kannabiran~ 1.76 %
––

Steel Infra Solutions Company Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Steel Infra Solutions Company Limited

Lead / Book Running Lead ManagersDam Capital Advisors Limited
Registrar (RTA)MUFG Intime India Pvt Ltd

FAQ’S of Steel Infra Solutions Company Limited

  • It provides design, engineering, fabrication, and erection of structural steel used in large infrastructure projects like metros, power plants, refineries, airports, and industrial buildings.

  • Steel Infra Solutions is raising funds via IPO to expand manufacturing facilities in Vadodara, Hyderabad, and Bhilai & to fund working capital needs

  • The issue size of the IPO comprises of ₹ 96 Cr Fresh Issue + OFS ~1.42 Cr equity shares. It will be listed on BSE and NSE platform.

  • Key risks include dependency on infrastructure spending, project execution delays, customer concentration with large EPC firms, and cyclical demand in the steel fabrication industry.

  • Key risks include dependency on infrastructure spending, project execution delays, customer concentration with large EPC firms, and cyclical demand in the steel fabrication industry.

  • Upsides include strong ₹ 811 Crore order book, reputed clients like Tata and L&T, growing infrastructure demand, and improving revenue and profitability trends.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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