BAJAJ FINSERV DIRECT LIMITED

IPO-Insights

R.K. Steel Manufacturing Company – Addendum to DRHP

Anshika Posted on May 18, 2026

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 DRHP Addendum Filing

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).

Filing Overview

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.

Issue Structure

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.

About the Company

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.

IPO Objectives

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.

Financial Highlights

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.

IPO Timeline Summary

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

Disclaimer

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

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FAQs

When was the addendum to the DRHP filed?

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.

What stage is the IPO currently at?

The IPO is currently under SEBI review, and observations on the DRHP addendum are awaited before the company proceeds to file the RHP.

What is the proposed structure and size of the IPO?

The IPO consists of a fresh issue of equity shares aggregating to ₹600 crore, with a face value of ₹10 per share.

Where are the shares proposed to be listed?

The company intends to list its equity shares on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), subject to regulatory approvals.

What are the IPO objectives?

The company plans to utilise the proceeds for expanding manufacturing facilities, repaying debt, investing in technology upgrades, and meeting general corporate requirements.

What are the key financial highlights?

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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Hi! I’m Geetanjali Lachke

Financial Content Specialist

Geetanjali is an emerging content writer with a passion for writing and marketing. She focuses on crafting clear, engaging blog posts and articles that simplify complex topics, particularly in finance and business. Geetanjali is dedicated to delivering insightful content that helps readers understand and navigate critical concepts, empowering them to make informed decisions and stay ahead in the ever-evolving landscape of finance and business.

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