R.K.Steel Manufacturing Company IPO - Date, Price Band & Details

R.K. Steel Manufacturing Company Limited was set up in April 2006 in Chennai, Tamil Nadu. For nearly two decades, the company has been making and supplying welded steel pipes, tubes, and coils under the RKSteel brand — products that go into construction sites, automobile plants, solar installations, furniture factories, and gas infrastructure, among others.

The product range covers GP, GI, HR, and CR pipes along with value-added coils like GP coils, CRFH coils, and HRPO coils. Everything is manufactured at a single integrated plant in Perundurai, Tamil Nadu — an 18.49-acre facility housing nine tube mills, four slitting lines, two continuous galvanizing lines, a tandem cold rolling mill, a pickling unit, and a hot dip galvanizing unit. The location works in the company's favour, sitting close to Erode and Coimbatore with good access to national highways, rail, and ports.

The customer base is largely domestic, with Karnataka, Kerala, and Tamil Nadu accounting for the bulk of revenues. Over the last three fiscal years, the company served between 424 and 476 customers annually, many of them repeat buyers. It has also started shipping to the USA and Peru, though exports remain a small part of the business.

Financially, FY25 revenue came in at ₹1,147.79 crore, up from ₹1,022.16 crore the previous year. Profit after tax, however, dropped to ₹10.91 crore from ₹22.70 crore in FY24 — a 52% fall. Margins are thin, and with a debt-to-equity ratio of 2.91, the balance sheet carries significant leverage.