Madhur Iron & Steel (India) IPO

Madhur Iron & Steel (India) Limited is a Chhattisgarh-based company specializing in the manufacturing and trading of structural steel products like angles, channels, and MS sections. They primarily serve big industrial and institutional clients through a B2B (Business-to-Business) model. Their products are essential for infrastructure, railway electrification, and the power sector.

Strengths:

• Experienced Management: The company is led by promoters with over a decade of expertise in the steel industry, ensuring stable operations and growth.
• Strategic Location: Located in Bhilai, a major steel hub, they have easy access to raw materials and a strong supply chain network in Central India.
• Diverse Product Range: They cater to multiple high-growth sectors including telecom, railways, and renewable energy, reducing dependence on a single industry.
• Capacity Expansion: The company recently increased its rolling mill capacity to 56,700 MT per annum, allowing them to meet rising market demand efficiently.

Growth:

• Revenue Surge: The company has shown consistent growth, with revenue jumping from ₹193 Cr in FY23 to over ₹340 Cr in FY25.
• New Infrastructure Projects: With the Indian government’s focus on "Gati Shakti" and railway electrification, the demand for the company’s structural steel is expected to rise significantly.
• Modernization: They are investing the IPO proceeds into a new "Proposed Unit II" and advanced machinery to further scale up production and improve margins.