November 17, 2025
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Steel Infra Solutions Co. Ltd. (SISCOL) IPO
SEBI has approved the Initial Public Offer (IPO) of Steel Infra Solutions Co. Ltd. on 11 November 2025. The company will now proceed with the next steps to launch the IPO, subject to market conditions and regulatory clearances. SEBI approval remains valid for 12 months.
SISCOL is coming out with a Book-Built Mainboard IPO comprising a fresh issue of Rs. 96 crore and an Offer for Sale (OFS) of up to 1.42 crore equity shares by existing shareholders.
The equity shares are proposed to be listed on BSE and NSE.
Dam Capital Advisors Ltd. is the Book Running Lead Manager and MUFG Intime India Pvt. Ltd. is the Registrar.
🕗 Last Update: [Insert Current Date & Time]
👉 GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Opens on | — |
| IPO Closes on | — |
| Allotment on | — |
| Initiation of Refunds | — |
| Credit of Shares | — |
| Listing Date | — |
IPO Key Details
| Particulars | Details |
|---|---|
| IPO Type | Book-Built Issue |
| Sale Type | Fresh Issue + OFS |
| Face Value | Rs. 10 per share |
| Price Band | — |
| Lot Size | — |
| Fresh Issue | Rs. 96.00 crore |
| Offer for Sale | 1,42,40,473 shares (Rs. — crore) |
| Listing At | BSE, NSE |
| Pre-Issue Share Capital | 40,60,39,420 shares |
Investor Reservation
| Category | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
SEBI Approval Status
| Description | Date |
|---|---|
| DRHP Filed | 28 July 2025 |
| SEBI Approval Received | 11 November 2025 |
About Steel Infra Solutions Co. Ltd. (SISCOL)
Incorporated in 2017, Steel Infra Solutions Co. Ltd. is an integrated structural steel solutions provider, offering design, engineering, fabrication and erection services for major infrastructure projects.
The company undertakes end-to-end EPC solutions, including design, engineering, procurement, manufacturing and erection for:
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Steel plants
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Refineries
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Power & pellet plants
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Airports
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Metro & railway structures
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High-rise buildings
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Hospitals & hotels
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Mines
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Warehouses
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Stadiums
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Data centres
Operational Scale
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Completed 187 structural steel projects
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Delivered 261,735 MT of fabricated steel (till FY25)
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Plans to add 15,000 MT capacity in Vadodara by FY27
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Six manufacturing units:
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4 in Bhilai, 1 in Vadodara, 1 in Hyderabad
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Total installed capacity 100,000 MT
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Engineering & Teams
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71-member in-house design & engineering team
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335 engineers across operations
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Offices in Delhi, Chennai & Mumbai
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Supplier network of 1,068 suppliers across 24 states
Competitive Strengths
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Fully integrated design-led engineering
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Strong presence across high-growth infrastructure sectors
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Proven track record with 260,000+ MT delivered since FY18
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Strategically located manufacturing facilities
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Strong engineering workforce and process capabilities
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Robust pan-India supply chain
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Experienced management team
Financial Snapshot (Rs. crore)
| Period | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 494.30 | 386.83 | 315.50 |
| Total Income | 639.35 | 576.21 | 514.29 |
| Profit After Tax | 32.96 | 24.85 | 17.53 |
| EBITDA | 1,046.30 | 968.20 | 914.60 |
| Net Worth | 217.40 | 188.22 | 137.64 |
| Borrowing | 13.58 | 33.87 | 40.53 |
Financial Growth
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Revenue ↑ 11% YoY
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PAT ↑ 33% YoY
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 15.16% |
| ROCE | 23.80% |
| RoNW | 15.16% |
| PAT Margin | 5.16% |
| EBITDA Margin | 10.42% |
| Debt/Equity | 0.06 |
Objects of the Issue
| S.No | Purpose | Amount (Rs. crore) |
|---|---|---|
| 1 | Capex for Back-Side Expansion – Vadodara | 29.70 |
| 2 | Capex for Bay 4 Expansion – Vadodara | 9.70 |
| 3 | Capex for Hyderabad & Bhilai units | 5.97 |
| 4 | Working capital requirements | 27.00 |
| 5 | General corporate purposes | — |
Company Contact
Steel Infra Solutions Co. Ltd.
D-66, Ground Floor, Block D,
Hauz Khas, New Delhi – 110016
📞 +91 11 4023 4817
✉ investor.relations@siscol.in
🌐 www.siscol.co.in
Registrar
MUFG Intime India Pvt. Ltd.
📞 +91-22-4918 6270
✉ steelinfra.ipo@in.mpms.mufg.com
🌐 https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Manager
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Dam Capital Advisors Ltd.
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Awaiting RHP details such as valuation, EPS, P/E and peer comparison. Comprehensive Chanakya Review will be added once full financial metrics from RHP are available.
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Disclaimer
This article is for informational purposes only. Chanakya Ni Pothi does not engage in Grey Market trading or recommend decisions based solely on GMP trends. Investors should consult their SEBI-registered advisors before investing.
