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M P K IPO
Price Band
₹75.0–79.0
Issue Size
₹25.74 Cr
Lot Size
1,600 shares
Min Investment
₹252,800
2 LOTS MIN
GMP
—
Issue Price
₹79.0
M P K IPO AI Summary
- M P K IPO is listed on BSE SME in the Iron & Steel Products sector.
- Price band: ₹75.0–₹79.0 per share, lot size 1,600 shares (min. investment ₹252,800, 2 lots minimum).
- Subscription window: 26 Sep–30 Sep 2025, listing on 06 Oct 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
M P K IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
M P K IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2005, M P K Steels (I) Limited is engaged in manufacturing of structural steel products. The company manufactures general-purpose structural steel products for industries like railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development, ensuring high-quality solutions. The company manufactures and trades structural steel products like M.S. Channels, Beams, Angles, Squares, Rounds, and Flats, with M.S. Channels being the main revenue driver and key to success. The company’s factory is located at A-195, RIICO Industrial Area, Jaipur, offering strong market connectivity. It employs a mix of skilled and unskilled staff, including engineers and professionals. Products: M.S. Channel: Strong frames for industrial sheds, machinery, material handling, vehicle chassis, railway bridges, fencing, and versatile applications. M.S. Angle: Supports building frames, bridges, roof trusses, machinery, security barriers, vehicle frames, and railway infrastructure. M.S. Flat: Used for custom metalwork, welding, heavy-duty racks, furniture, gates, fencing, structural reinforcement, automotive parts, bridges, and architectural designs. The company has a distribution network across Rajasthan, Punjab, West Bengal, Gujarat, Haryana, Uttar Pradesh, Assam, and Madhya Pradesh. Competitive Strengths: Dual Plant Operations at a Single Location Extensive Range of Dies for Diverse Steel Measurement Strong Brand and Long-Term Relationships Rigorous Quality Assurance and Control
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 62.36 | 56.64 | 45.67 |
| Total Income | 208.03 | 189.17 | 138.85 |
| Profit After Tax | 6.05 | 3.11 | 1.81 |
| EBITDA | 8.69 | 3.28 | 1.91 |
| NET Worth | 24.23 | 18.18 | 15.07 |
| Reserves and Surplus | 17.31 | 14.72 | 11.61 |
| Total Borrowing | 18.48 | 13.94 | 14.54 |
Key Ratios
EPS
₹8.74
NAV
₹35.00
ROE
28.55%
ROCE
19.32%
RoNW
24.98%
P/B Value
2.26
P/E Ratio
9.04
Market Cap
₹80.43 Cr
PAT Margin
2.93%
Debt/Equity
0.76
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Mangalam Worldwide Limited | 86.2 | 11.67% | 15.58 | 10.57 | 10.57 |
| Rathi Bars Ltd | 57.51 | 2.65% | 21.92 | 1.57 | 1.57 |
| M P K Steels (I) Ltd. This IPO | 35 | 24.98% | — | 8.74 | 8.74 |
Promoters
Manoj Upadhyay, Suresh Kumar Sharma, Nidhi Upadhyay, Santosh Devi Sharma & Sons (HUF) and Manoj Kumar Upadhyay (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure towards purchase of Machinery and Dies 2.65 2 Capital Expenditure towards installation of Solar Plant 7.00 3 To meet working capital requirements 9.18 4 General Corporate Purposes 2.90 5 Issue Expenses 4.00 Total 25.74
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹138.85 Cr in the year ending 31 Mar 2023 to ₹189.17 Cr by 31 Mar 2024, and further rose to ₹208.03 Cr in the year ending 31 Mar 2025.
Profit Trend
Profit After Tax grew from ₹1.81 Cr in the year ending 31 Mar 2023 to ₹3.11 Cr by 31 Mar 2024, and increased to ₹6.05 Cr in the year ending 31 Mar 2025.
Valuation
M P K Steels (I) Ltd. has an implied P/E of 9.04 at the issue price, compared to peers trading at P/E ratios of 15.58 for Mangalam Worldwide Limited and 21.92 for Rathi Bars Ltd.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premiums (GMP) indicate the expected listing price based on demand and supply dynamics. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest from investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. Factors such as the company's financial health, market conditions, and growth potential should be considered.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can experience price fluctuations and market volatility in the short term.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscriptions is 26 September 2025, the closing date is 30 September 2025, the allotment date is 1 October 2025, and the listing date is set for 6 October 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price on their first day of trading, others may not perform as well. Factors influencing listing performance include market conditions, investor sentiment, and the company's fundamentals.
This evaluation is generated from M P K's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of M P K IPO?
The price band of M P K IPO is ₹75.0–₹79.0 per share.
When does M P K IPO open and close?
M P K IPO opens on 26 September 2025 and closes on 30 September 2025.
When does M P K IPO list on the stock exchange?
M P K IPO listed on 06 October 2025 at ₹79.0.
What is the lot size for M P K IPO?
The lot size for M P K IPO is 1600 shares, requiring a minimum investment of ₹252,800 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹75.0 to ₹79.0.
What is the minimum investment required?
The minimum investment required is ₹252,800.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When is the listing date?
The listing date is 6 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares on the listing day based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2025
Close
30 Sep 2025
Allotment
01 Oct 2025
Listing
06 Oct 2025
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