M P K Steels IPO Sees Moderate Demand, Subscribed 1.54x by Day 3

M P K Steels (I) Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription, with M P K Steels' stock price set at ₹75-79 per share. The ₹25.74 crore IPO reached 1.54 times by 5:05:00 PM on day three.

M P K Steels IPO qualified institutional buyers (ex-anchor) segment leads with exceptional 19.95 times subscription, whilst non-institutional buyers show limited participation at 0.65 times and individual investors demonstrate limited interest at 0.58 times.

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IPO Subscription Status

Subscription Details as of Day 3 (September 30, 2025, 5:05:00 PM)

Key Highlights - Day 3

• Overall subscription reached moderate 1.54 times, showing substantial improvement from day two's 0.89 times
• Qualified institutional buyers (ex-anchor) showing exceptional performance at 19.95 times, building marginally from day two's 16.80 times
• Non-institutional investors showing limited performance at 0.65 times, building substantially from day two's 0.18 times
• Individual investors displaying limited confidence at 0.58 times, building substantially from day two's 0.03 times
• Total applications reached 407, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹37.72 crores, exceeding the issue size of ₹25.74 crores

M P K Steels IPO - Day 2 Subscription at 0.89 Times

• Overall subscription reaching limited 0.89 times, showing substantial improvement from day one's 0.06 times
• Qualified institutional buyers (ex-anchor) showing exceptional performance at 16.80 times, building substantially from day one's 0.00 times
• Non-institutional investors showing limited performance at 0.18 times, unchanged from day one's 0.18 times
• Individual investors displaying minimal confidence at 0.03 times, building marginally from day one's 0.01 times

M P K Steels IPO - Day 1 Subscription at 0.06 Times

• Overall subscription reached limited 0.06 times, showing cautious initial investor interest
• Non-institutional investors showing limited performance at 0.18 times, indicating weak HNI appetite
• Individual investors displaying minimal confidence at 0.01 times, showing very weak retail sentiment
• Qualified institutional buyers showing minimal performance at 0.00 times, indicating no initial institutional appetite

About M P K Steels (I) Limited

M P K Steels (I) Limited is engaged in manufacturing of structural steel products including M.S. Channels, Beams, Angles, Squares, Rounds, and Flats for industries like railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development, operating from RIICO Industrial Area in Jaipur with a distribution network across eight states including Rajasthan, Punjab, and Gujarat.