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M P K Steels (I) Ltd
SteelIPOSME
₹79 - 79
M P K STEELS (I) LIMITED is a manufacturer of general purpose structural steel products which includes M.S. Channel, M.S. Joist/Beam, M.S. Angle, M.S. Square Bar, M.S. Round Bar, and M.S. Flat which are being sold through network of distributors and dealers with whom the company has long-term relationships. These products are commonly used in industries such as Railways, Telecom Industries, State Electricity Boards, Power & Energy Industries, Automotive Industry, Offshore Structures, Construction Industries, Fabrication Industries, Auto Body Builders and Infrastructural Development Authorities.
Lot1,600Min Invest₹2,52,800Face Value₹10Issue Size₹26 CrFresh Issue₹26 CrListing Price₹80CMP₹48
Timeline
26 Sept
Bidding opens
30 Sept
Bidding closes
1 Oct
Allotment
3 Oct
Refund & demat credit
6 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹26 Cr0.33 Cr shares
Fresh Issue₹26 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 4.95% · NII 30.05% · RETAIL 65%
Application Sizes
Retail₹2,52,8001-1 lots
sNII₹2,52,800from 2 lots
bNII₹10,11,200from 8 lots
Managers & Registrar
Lead ManagerGretex Corporate Services Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group97.83%66.52%Public2.17%33.48%
Objects of the Issue
- Capital expenditure towards purchase of Machinery and Dies
- Capital expenditure towards installation of Solar Plant
- To Meet working capital requirements
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 70 | 138 | 187 | 207 | 259 |
| Operating ProfitCr | 1 | 2 | 3 | 9 | 11 |
| OPM% | 0.9 | 1.4 | 1.8 | 4.2 | 4.1 |
| PBTCr | 2 | 2 | 4 | 8 | 9 |
| PATCr | 5 | 2 | 3 | 6 | 6 |
| EPS | 9 | 3 | 4 | 9 | 7 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 3 | 3 | 7 | - |
| ReservesCr | 10 | 12 | 15 | 17 | - |
| BorrowingsCr | 12 | 15 | 14 | 18 | - |
| Total AssetsCr | 38 | 46 | 57 | 62 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 2 | -4 | 2 | -14 | 7 |
| Investing Cash FlowCr | 3 | -1 | 0 | 12 | -13 |
| Financing Cash FlowCr | -5 | 5 | -2 | 2 | 19 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 13 |
Strengths & Risks
Strengths · as stated in the DRHP
- Dual Plant Operations at a Single Location.
- Extensive Range of Dies for Diverse Steel Measurements.
- Strong Brand and Long-Term Relationships.
- Rigorous Quality Assurance and Control
Strategies · as stated in the DRHP
- Increasing our production to focus on the growing demand of our core products.
- Strengthen our brand value & expand the dealership network.
- Diversification and Market Expansion.
- Cost Optimization and Lean Manufacturing.
- Customer Relationship Management.
Risks · as stated in the DRHP
- Our factory is located at Rajasthan. Any delay in production at, or shutdown of, or any interruption for a significant period of time, in these facilities may in turn adversely affect our business, financial condition and results of operations.
- Our Company is dependent on a few suppliers for purchases of raw materials and consumables. The loss of any of these large suppliers may affect our business operations.
- We derive a majority portion of our revenue from operations from our top 10 customers, contributing towards our total gross sales.
- The Company have made One Time Settlement (OTS) of Loan in the past which may affect its credibility in future to access funds from Banks and Financial Institutions.
- The loss of or shutdown of operations of our Factory may have a material adverse effect on our business, financial condition and results of operations.
- We rely heavily on the availability of key raw materials to procure them. As we have not established long-term arrangement with these suppliers, any inability to secure sufficient raw materials at competitive prices could adversely impact our business, financial condition, and operational results. Any fluctuations in prices, availability of raw material or storage in supply of raw material for manufacturing of our products would adversely impact our business.