Steel Infra Solutions Company Files DRHP with SEBI for IPO

Steel Infra Solutions Company Limited (SISCOL) plans for its Initial Public Offering (IPO). It has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise ₹96 crore through the fresh issue as a part of the public offering. 

SISCOL is a Delhi-based structural steel solutions provider offering design, engineering, fabrication and erection for large scale infrastructure projects. As of March 31, 2025, Steel Infra Solutions Company Limited Overall has six manufacturing units overall in India. It has four units in Bhilai, and one each in Chhattisgarh, Vadodara, Gujarat and Hyderabad, with an installed capacity of 1,00,000 MTs . 

Tata Steel, Tata Project, L&T Group entities, Jindal Stainless, Adani Power, Shapoorji Pallonji & Company, Afcons Infrastructure and ArcelorMittal Nippon Steel India are some of the customers of SISCOL.

Steel Infra Solutions Company Limited - IPO Details

According to the DRHP, 

• The IPO will comprise a fresh issue of face value ₹10 each, aggregating up to ₹96 crore, and an offer for sale (OFS) of face value  ₹10 each, aggregating up to ₹1.42 crore equity shares.
• The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
• DAM Capital Advisors Limited is the book-running lead managers of the public issue and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar.

Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds from the fresh issue for the following purposes:

• Funding capital expenditure requirements for -  (a) back side expansion of manufacturing unit located in Vadodara, and (b) expansion of the manufacturing unit located in Vadodara.
• Funding capital expenditure requirements for our manufacturing units located in Hyderabad and Bhilai.
• Funding working capital requirements of the Company.
• General corporate purposes.

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About Steel Infra Solutions Company Limited

Steel Infra Solutions Company Limited operates in the heavy structural steel segment, focusing on engineering and fabrication of steel infrastructures. It is incorporated in October 2017 and headquartered in New Delhi. 

The company delivers customized steel solutions including structural tubes, beams, sheets, and project-level fabrication services across industrial, commercial, and infrastructure sectors.

As of FY24, it reported strong financial growth with a 59% increase in net worth and a 45% rise in revenue. In fiscal year 2025, the company reported a revenue from operations of ₹636 crore, marking an 11% increase from ₹573.5 crore in FY 2024.

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