Madhur Iron & Steel Files DRHP for IPO

Madhur Iron & Steel (India) Limited is preparing to enter the capital markets with its proposed Mainboard IPO. The company filed its Draft Red Herring Prospectus (DRHP) with SEBI on January 23, 2026, with the filing subsequently published by SEBI on February 6, 2026. The proposed IPO comprises a fresh issue of up to 1 crore equity shares, with no Offer for Sale component.

Business Model

Company is engaged in the manufacturing and trading of a wide range of structural steel products, including Angles, Channels, Mild Steel (MS) Sections, and Flats & Rods. The Company primarily operates under a business-to-business (B2B), order-based model, supplying products to institutional customers. The Company is engaged in the manufacture of re-rolled structural steel products, including Angles, Channels and other similar products. Upon manufacture, such structural steel products are either sold directly to customers or, depending on customer specifications, further processed through fabrication to convert them into finished, application ready products. Its products cater to diverse end-use industries, such as railway electrification, state electricity boards, power and energy infrastructure, telecom tower manufacturing, automotive and ancillary units, offshore structure fabrication, construction and real estate, general engineering, auto body manufacturing, and other related industries.

Product Portfolio

1.  Structural Steel Products - Angles, channel, section flats and roads
2. Engineered Products- Transmission Line Towers, 
3. Trading of steel products like billets, blooms, and plates.

Object of the Issue

1. Repayment/ prepayment, in full or in part, of certain borrowings and accrued interest thereon availed by the Company
2.  Financing the capital expenditure requirements. 
3. Funding for working capital requirements and General Corporate purposes.

Financial Performance

Key Performance Indicator