- POSITIVE
Annual Revenue MPK Steels I Mar-2026 Annual Revenue is Rs 259 Cr which is growth of 24.7% YoY.
- POSITIVE
Annual Net Profit MPK Steels I Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of 5.6% YoY.
M P K Steels was incorporated on February 28, 2005. The company manufactures high-quality structural steel products for industries including railways, telecom, power, automotive, construction, and infrastructure. It uses energy- and resource-efficient production technologies to deliver strong, reliable products while minimising environmental impact
| Bidding Dates |
|---|
| 26 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 1.52x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹240,000 | 2 | 2 | 1600 | 3.3 M | ₹75 - ₹79 | 66.52 % | ₹244.4 M - ₹257.4 M | RHP DOC |
MPK Steels I IPO SUBSCRIPTION STATUS
30 Sep '25Total1.52x
Retail Individual Investor1.02x
HNI (NII) Investors1.57x
Qualified Institutional Buyers1.84x
MPK Steels I IPO overall subscription rate was 1.52 times the total available shares
MPK Steels I IPO retail subscription rate was 1.02 times in the retail segment
MPK Steels I IPO non-institutional investor subscription rate was 1.57 times in the non-institutional investor category
MPK Steels I IPO Qualified Institutional Bidder subscription rate was 1.84 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2025 (Day 3) | 1.02x | 1.57x | 1.84x |
29 Sep 2025 (Day 2) | 0.06x | 0.33x | 1.55x |
26 Sep 2025 (Day 1) | 0.01x | 0.33x | 0x |
MPK Steels I FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 206.6 | 6.1 | -14.0 | -15.0 | 4.2% |
| FY24 | 186.6 | 3.1 | 1.7 | 1.3 | 1.8% |
| FY23 | 137.5 | 1.8 | -3.5 | -4.0 | 1.4% |
MPK Steels I IPO SUBSCRIPTION STATUS DETAILS
MPK Steels I had 3.3 M shares on offer
MPK Steels I IPO offer price was in the range ₹75 - ₹79
MPK Steels I IPO minimum Investment was ₹240000
MPK Steels I IPO issue size was ₹ 244.4 M - ₹ 257.4 M
MPK Steels I had a minimum lot size of 1600 Shares per application
MPK Steels I NUMBER OF SHARES ON OFFER
Total3.3 M
Fresh Issue3.3 M
Offer for Sale0
Post Issue Promoter Holding %66.52 %
MPK Steels I IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | BSE |
| MPK Steels I Allotment Status | Exchange/ Registrar |
MPK Steels I IPO subscription opened on 26 Sep 2025, and closed on 30 Sep 2025
IPO allotment for MPK Steels I was finalized on Wednesday, 01 Oct 2025
IPO listing for MPK Steels I was on BSE on Monday, 06 Oct 2025
MPK Steels I IPO LISTING GAINS
| Issue Price (adjusted) | 79.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 83.5 |
| Listing Gain% | 1.3% |
| Current Gain% | 19.6% |
MPK Steels I Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MPK Steels (I) Ltd. | 94.5 | 96.2 | 15.9 | 2.8 | 0.4 | 11.6 | 5.2 | 259.4 | 24.7 | 6.1 | 5.6 | 6 | 5.6 |
| Welspun Corp Ltd. | 2798.7 | 73827.1 | 32 | 2.2 | 4.3 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| APL Apollo Tubes Ltd. | 2143.4 | 59513.3 | 48.4 | 0.9 | 2.6 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Usha Martin Ltd. | 483 | 14719 | 29 | 1.1 | 3.8 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 28.8 | 11281.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Aeroflex Industries Ltd. | 571.9 | 7568 | 112.7 | 2.7 | 15 | 12.4 | 9.8 | 443.3 | 17 | 55.5 | 5.8 | 5.1 | 42.1 |
Annual
Balance Sheet
Ratios
Cash Flow
MPK Steels I annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|
23.4% | 28.6% | 259.4 | 208 | 189.2 | 138 | 70.8 | 73.8 | 46 | ||
Operating Exp. Ann. | 22.4% | 29% | 248.2 | 198.1 | 182.8 | 135.3 | 68.2 | 69.5 | 42.3 | |
Operating Profit Ann. | 66.4% | 38.2% | 10.6 | 8.5 | 3.8 | 2.3 | 1.3 | 2.1 | -1.9 | |
OPM Ann. % | 36% | 7.5% | 4.10% | 4.08% | 2.00% | 1.63% | 1.87% | 2.86% | -4.05% | |
22.5% | 28% | 250.5 | 200.3 | 184.3 | 136.2 | 69 | 73 | 45.8 | ||
EBITDA Ann. | 61.2% | 21.3% | 11.3 | 9.9 | 6.4 | 2.7 | 2.5 | 4.3 | 3.6 | |
EBITDA Ann. margin % | 30.2% | -5.7% | 4.35% | 4.78% | 3.36% | 1.97% | 3.57% | 5.84% | 7.87% | |
Interest Ann. | 41.5% | -11.3% | 1.7 | 1.8 | 1.1 | 0.6 | 0.4 | 3.1 | 3 | |
Depr. | 32.6% | 11.8% | 0.7 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | |
PBT Ann. | 70.4% | 61.9% | 8.9 | 7.7 | 4.4 | 1.8 | 1.8 | 0.8 | 0.1 | |
Tax Ann. | - | 5.7% | 2.9 | 2.6 | 0.6 | 0 | -2.5 | 2.2 | 0.3 | |
50.2% | - | 6.1 | 5.1 | 3.9 | 1.8 | 4.3 | -1.4 | -0.1 | ||
Net Profit Ann. | 50.2% | - | 6.1 | 5.7 | 3.9 | 1.8 | 4.3 | -1.4 | -0.1 | |
NPM Ann. % | 22% | - | 2.34% | 2.77% | 2.06% | 1.29% | 6.13% | -1.96% | -0.27% | |
EPS Adj. latest Ann. | 49.4% | - | 6 | 5.6 | 3.8 | 1.8 | 4.2 | -1.4 | -0.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
24.7%
2Y CAGR
17.1%
3Y CAGR
23.4%
5Y CAGR
28.6%
Net Profit Ann.
1Y CHG
7%
2Y CAGR
25.1%
3Y CAGR
50.2%
Operating Exp. Ann.
1Y CHG
25.3%
2Y CAGR
16.5%
3Y CAGR
22.4%
5Y CAGR
29%
MPK Steels I INFORMATION ON IPO ISSUE
About MPK Steels I
M P K Steels was incorporated on February 28, 2005. The company manufactures high-quality structural steel products for industries including railways, telecom, power, automotive, construction, and infrastructure. It uses energy- and resource-efficient production technologies to deliver strong, reliable products while minimising environmental impact
Object of the Issue
- Capital expenditure towards the purchase of machinery & dies
- Capital expenditure towards the installation of a solar plant
- To meet working capital requirements
- General corporate purposes
MPK Steels I - PROMOTERS
| Name |
|---|
| Manoj Upadhyay |
| Suresh Kumar Sharma |
| Nidhi Upadhayay |
| Santosh Devi Sharma |
| Suresh Kumar Sharma and Sons |
| Manoj Kumar Upadhyay |
MPK Steels I - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Suresh Kumar Sharma | Director & Chairman |
| Manoj Upadhyay | Managing Director & CFO |
| Nidhi Upadhyay | Non-Executive Director |
| Gyan Prakash Tongia | Independent Director |
| Mangal Morwal | Independent Director |
MPK Steels I Book Running Lead Manager
Gretex Corporate Services Limited
info@gretexgroup.com
MPK Steels I Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
MPK Steels I Strengths
Range of specialised dies
The company’s competitive strength lies in its extensive range of specialised dies, enabling precise steel production in various sizes and specifications. This flexibility allows it to efficiently serve diverse customer needs, quickly adapt to different orders, and maintain a strong market edge
Strength
Quality assurance & control
The company’s key competitive strength is its product quality, ensured through strict quality assurance at every stage. It relies on expert teams, comprehensive checks, and an in-house laboratory to maintain high standards
Strength
Dual plant operations
A key competitive strength of the company is its dual-plant setup, enabling simultaneous product development, greater flexibility, and optimised resource utilisation
Strength
MPK Steels I Risks
Capital intensive
The company’s business is working capital-intensive, requiring significant funds for projects, inventory, and raw materials. Any shortfall in cash flow or borrowing capacity could adversely affect operations, finances, and growth prospects
Risk
Price volatility
The steel industry is highly cyclical, and fluctuations in steel prices can impact the company’s operations and financial condition. Demand and prices are influenced by macroeconomic trends and key sectors like automotive, construction, and machinery, affecting profitability during downturns
Risk
Dependent on availability of labour
The company’s manufacturing relies on skilled and unskilled labour, and its success depends on recruiting, training, and retaining qualified personnel. Any shortage or high attrition of skilled workers could impact production, timely deliveries, and overall business performance
Risk
IPO FAQs
The promoters of the company are Manoj Upadhyay, Suresh Kumar Sharma, Nidhi Upadhayay, Santosh Devi Sharma, Suresh Kumar Sharma and Sons and Manoj Kumar Upadhyay.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 75.0 - 79.0.
The IPO application opens on Sep 26, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 252,800.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
M P K Steels (I) Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.