M P K Steels (I) Ltd Logo

M P K Steels (I) Ltd IPO

NSELot: 1600

LISTEDSME
Issue Price79
Listing80
Current102.31
Price Band
75 - ₹79
Lot Size
1,600
Issue Size
₹25.74 Cr
GMP
0
Subscription
0.06x

IPO Schedule

1
Open
26 Sept
2
Close
30 Sept
3
Allotment
1 Oct
4
Listing
6 Oct

About M P K Steels (I) Ltd

M P K Steels (I) Ltd is an SME engaged in the manufacturing and trading of steel products. They cater to various sectors, providing a range of steel solutions.

Subscription Status

QIB
0.00x
NII
0.18x
Retail
0.01x
CategoryDay 3Day 2Day 1
QIB19.95x16.80x0.00x
NII0.65x0.18x0.18x
Retail0.58x0.03x0.01x
Total1.54x0.89x0.06x

Risk Factors

Volatility in raw material prices (steel, iron ore etc.) impacting profitability.
Intense competition from established players in the steel industry.
Dependence on economic cycles and infrastructure development projects.
SME listing carries inherent risks associated with smaller companies, including liquidity and price volatility.
Lack of readily available financial metrics (ROE, P/E) makes valuation challenging.

Promoters & Management

Mr. Suresh Kumar Sharma is the Promoter and Chairman of the Company. He has 20 years of experience in the steel industry. He is responsible for ensuring business efficiency through optimal organization and utilization of financial and human resources, developing long-term business plans to support the company's vision and values, and fostering strong community-business relations through effective communication and engagement. Mr. Manoj Upadhyay is the Promoter, Managing Director, and CFO of the Company. He has a master's degree in business administration from the University of East London. He is responsible for developing better business techniques and practices, organizing company activities, delegating tasks to appropriate managers, and keeping the company aligned with the latest business trends. Mrs. Nidhi Upadhyay is the promoter of the company and was appointed as a Non-Executive Director on November 12, 2024. She holds a Bachelor of Arts (Honours) degree from Banasthali Vidyapith College since 2001. Mr. Gyan Prakash Tongia has been appointed as an Independent Director of the company, effective from November 12, 2024. He is a Chartered Accountant and has held this qualification since May 1971. Mr. Mangal Morwal has been appointed as an Independent Director of the company, effective from November 25, 2024. He is a highly experienced professional in Banking and Corporate Finance, with nearly 35 years of progressive leadership at the State Bank of India (SBI).