MPK Steels IPO Sees Mild Uptick on Day 2, Subscription Still Weak

Assam, September 29, 2025: The Initial Public Offering of MPK Steels Limited is seeing a modest uptick in interest across investor segments, though overall demand remains weak on the second day of bidding. As of 1:00 PM, the issue has been subscribed just 0.07 times, with bids received for 2,08,000 shares against the 30,94,100 shares on offer.

MPK Steels Limited IPO is an Indian company that manufactures structural steel products such as MS Channels, Joists, Angles, Square Bars, Round Bars, and Flats. These are used across railways, telecom, power, automotive, and infrastructure sectors. The company was established in 2005 and is headquartered in Assam.

MPK Steels IPO Subscription Led by NIIs

As of 1:00 PM, the subscription was led by NIIs at 0.18 times, bidding for 1,63,200 shares, against 9,30,900 shares on offer. Within the NII segment, bNII (bids above ₹10L) was subscribed 0.26 times, while there have been no bids in the sNII (bids below ₹10L) segment. NIIs are followed by retail investors at 0.02 times, bidding for 44,800 shares against 20,12,800 shares on offer. However, QIBs are yet to subscribe to their segment.

MPK Steels IPO Book Build Issue of ₹25.74 Crore

The issue size for the IPO is ₹25.74 crore, including a fresh issue of 0.33 crore shares of ₹25.74 crore, with no offer for sale element. The company has set ₹75.00 to ₹79.00 per share as the price band. The lot size is 1,600 shares, equalling a minimum investment of ₹2,52,800 by a retail investor at the upper price band. The IPO opened on September 26 and will close on September 30. The shares are expected to list on the BSE SME on October 6. Gretex Corporate Services Ltd. is the book-running lead manager, while Maashitla Securities Pvt.Ltd is the registrar of the issue. Gretex Share Broking Pvt.Ltd is the market maker of the company.

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