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R.K. Steel Manufacturing Company Limited’s addendum to its Draft Red Herring Prospectus (DRHP) presents updated disclosures related to the company’s operations, financial performance, and proposed public issue. It reflects revisions made following regulatory review, including updated financial data, risk factors, and clarifications on business activities and fund utilisation.
R.K. Steel Manufacturing Company Limited has submitted an addendum to its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
The addendum demonstrates the company’s adherence to SEBI’s disclosure requirements. It includes revised financial statements, updated risk factors, and additional clarity on the proposed utilisation of funds. Following SEBI’s review and observations, the company is expected to file the Red Herring Prospectus (RHP), after which IPO timelines will be announced. The equity shares are proposed to be listed on NSE and BSE, subject to regulatory approvals.
As per the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares |
Face Value |
₹10 per equity share |
Issue Size |
₹2 crore |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
Kotak Mahindra Capital Company Ltd. |
Registrar to the Issue |
KFin Technologies Ltd. |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
R.K. Steel Manufacturing Company Limited operates in the steel production and allied manufacturing segment. The company focuses on producing rolled steel products, structural steel, and customised solutions designed to meet the requirements of infrastructure and industrial projects.
Its business model is centred on maintaining large-scale production capacity, adhering to established quality standards, and building long-term relationships with both government and private sector clients. The company’s operations reflect a structured approach to manufacturing efficiency and industry compliance.
According to the DRHP addendum, the IPO proceeds are proposed to be utilised as follows:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Expansion of Steel Manufacturing Facilities |
300 |
Capacity enhancement and modernisation |
Debt Repayment |
200.00 |
Reduction of outstanding borrowings |
R&D and Technology Upgradation |
40.00 |
Investment in advanced steel processing technologies |
General Corporate Purposes |
Balance |
Administrative and operational requirements |
These objectives are aimed at strengthening the company’s operational capabilities and supporting its medium- to long-term growth strategy.
The financial information presented in the addendum provides an overview of the company’s performance across recent financial periods, indicating its operational scale and profitability trends.
| Fiscal Year / Period | Revenue from Operations (₹ crore) | Profit / (Loss) After Tax (₹ crore) | Net Worth / Equity (₹ crore) |
|---|---|---|---|
FY23 |
2,050.40 |
145.20 |
1,210.00 |
FY24 |
2,180.75 |
152.15 |
1,285.50 |
FY25 |
2,260.90 |
160.3 |
1,350.20 |
H1 FY26 |
1,120.45 |
72.1 |
1,380.00 |
These figures are based on disclosures in the DRHP addendum and may be revised following SEBI observations and final approvals.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
30th September 2025 |
Initial filing submitted |
Addendum to DRHP |
27th March 2026 |
Updated disclosures filed |
SEBI observations |
Awaited |
Regulatory review in progress |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI clearance |
IPO Opening Date |
To be announced |
Awaited from company/merchant bankers |
IPO Closing Date |
To be announced |
Declared in RHP |
Allotment Date |
To be announced |
Post IPO closure |
Credit to DEMAT Accounts |
To be announced |
After allotment finalisation |
Listing on NSE/BSE |
To be announced |
Subject to regulatory approvals |
This content is for informational purposes only and should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable for any investment decision taken based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
R.K. Steel Manufacturing Company Limited filed its addendum to the DRHP with SEBI on March 27, 2026, to provide updated disclosures and financial information.
The IPO is currently under SEBI review, and observations on the DRHP addendum are awaited before the company proceeds to file the RHP.
The IPO consists of a fresh issue of equity shares aggregating to ₹600 crore, with a face value of ₹10 per share.
The company intends to list its equity shares on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), subject to regulatory approvals.
The company plans to utilise the proceeds for expanding manufacturing facilities, repaying debt, investing in technology upgrades, and meeting general corporate requirements.
As per the addendum disclosures, the company reported revenue of ₹2,260.90 crore and a net profit of ₹160.30 crore in FY25, with a net worth of ₹1,350.20 crore.
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