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Steel Infra Solutions Company Ltd (SISCOL), an integrated structural steel solutions provider, has filed preliminary papers with SEBI for an Initial Public Offering (IPO). The IPO combines a fresh issue of INR 96 crore and an offer-for-sale of 1.42 crore equity shares. The fresh funds are intended for expanding manufacturing facilities in Vadodara, Hyderabad, and Bhilai, along with supporting working capital needs and general corporate purposes. With an order book of INR 811 crore and consistent growth in revenue and profit, SISCOL aims to strengthen its role in India's large-scale infrastructure projects.
Steel Infra Solutions Company Ltd (SISCOL), a company that provides integrated structural steel solutions for large infrastructure projects, has filed preliminary papers with SEBI, the capital markets regulator. The company is seeking approval to raise funds through an Initial Public Offering (IPO). Advertisement
The IPO is a mix of a fresh issue of equity shares worth INR 96 crore and an offer-for-sale (OFS) of 1.42 crore equity shares. According to the draft red herring prospectus (DRHP) filed on Monday, the money raised from the fresh issue will be used for several purposes. These include expanding manufacturing facilities located in Vadodara (Gujarat), Hyderabad (Telangana), and Bhilai (Chhattisgarh). Funds will also go towards the company's working capital needs and general corporate purposes.
SISCOL operates six manufacturing units in total, with four units in Bhilai, Chhattisgarh, and one each in Vadodara, Gujarat, and Hyderabad, Telangana. As of March 31, 2025, the company had an installed capacity of 1,00,000 metric tonnes (MTs). SISCOL is known for delivering end-to-end structural steel solutions for India's infrastructure, including airports, metros, industrial complexes, and high-rise buildings. Its expertise covers design, engineering, fabrication, and erection services.
As of March 31, 2025, SISCOL's order book stood at INR 811 crore. The company has shown good financial growth. Its revenue from operations increased by 11 percent to INR 636 crore in fiscal year 2025, up from INR 573.5 crore a year ago. Profit after tax rose by 32.67 percent to INR 33 crore for fiscal year 2025, compared to INR 25 crore in the previous year.
SISCOL serves a list of prominent customers in the infrastructure sector. These include Tata Steel, Tata Project, L&T Group entities, Jindal Stainless, Adani Power, Shapoorji Pallonji & Company, Afcons Infrastructure, and ArcelorMittal Nippon Steel India. DAM Capital Advisors is the sole book-running lead manager for the IPO. The IPO is expected to strengthen SISCOL's ability to participate in and contribute to India's ongoing large-scale infrastructure development.
Source- PTI
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