243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Purohit Steel India Limited

Mumbai

Date of DRHP : 04 Oct 2024

Issue Type : Book Building Process

IPO Type :
SME IPO

Purohit Steel Basic Details

   Steel

Sub Sector: manufacturing moulds and dies used in the production of automotive components, home appliances, electronic goods, sheet metal items etc.

Exchange:
NSE Emerge

About the Company

Purohit Steel India  is engaged in the processing of special-grade alloy steel which includes plastic mould steel, hot work tool steel, cold work tool steel, EN Series steel and high-speed steel that are integral to various industrial applications, serving major industrial end users in sectors such as automotive, aerospace, electronics, telecom, refractories, plastic products, packaging, mining equipments, machine manufacturing etc. Purohit Steel India  special steel products are crucial for manufacturing moulds and dies used in the production of automotive components, home appliances, electronic goods, sheet metal items, plastic items, pipe fittings, packaging items such as caps and closures, toys, luggage etc. Beyond moulds and dies, their specialty steel products are utilized in producing machine components, die casting components and heavy engineering components. Purohit Steel India  primary clientele consists of manufacturers who utilize our alloy steel to produce molds and dies for diverse applications. For fiscal 2024, they served over 850+ customers, including renowned listed entities such as Bharat Forge Ltd., Dixon Technologies India Ltd., VIP Industries Ltd., Varroc Engineering Ltd., Harsha Engineers International Ltd., Polycab India Ltd., Maharashtra Scooters Ltd., Mahindra EPC Irrigation Ltd. and Godrej & Boyce Mfg. Co. Ltd. Purohit Steel India  operate through two of their owned processing units, Unit I and Unit II, both located in Vasai, Thane, Maharashtra. Purohit Steel India Unit I, started in 2013, spans 1,406 sq. meters and is primarily dedicated to produce flat and round specialty steel products, focusing on the processing, cutting and finishing of round steel bars. These cylindrical steel products are essential for applications in construction, manufacturing and engineering, where they meet precise size and material standards. Purohit Steel India  Unit-I is ISO 9001:2015 certified, ensuring compliance with international quality management standards.

Financial Summary (Annualised Basis)

Revenue :
31.62 Cr.

PAT :
2.69 Cr.

Purohit Steel IPO Lead Manager(s)

Seren Capital Private Limited

Purohit Steel IPO Registrar

Bigshare Services Private Limited

Purohit Steel DRHP Details

Objects of issue

  • Funding of capital expenditure towards setup of a new processing facility
  • Funding working capital requirements of the company
  • General Corporate Purpose

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FAQs

Purohit Steel India operates in Steel and manufacturing moulds and dies used in the production of automotive components, home appliances, electronic goods, sheet metal items etc.. The Issue would be listed on SME. The registrar of the Issue is Bigshare Services Private Limited. The IPO type of Purohit Steel India is Book Building Process and Object of issue is

  • Funding of capital expenditure towards setup of a new processing facility
  • Funding working capital requirements of the company
  • General Corporate Purpose

The DRHP (Draft Red Herring Prospectus) of Purohit Steel India IPO was filed on 04 Oct 2024.

No, Purohit Steel India IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Purohit Steel India are not available now. You can apply in Purohit Steel India IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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