Mumbai, Oct. 1 -- The initial public offer (IPO) of M P K Steels received bids for 49,37,600 shares as against 32,57,600 shares on offer. The issue was subscribed 1.52 times.

Qualified Institutional Buyers (QIBs) bid for 30,00,000 shares, Non-Institutional Investors (NIIs) for 7,69,600 shares, while individual investors (IND category bidding for 2 lots) placed bids for 11,68,000 shares.

The issue opened for bidding on 26 September 2025 and it closed on 30 September 2025. The price of the IPO was fixed between Rs 75 to Rs 79 per share. The equity shares will list on BSE's SME platform.

The IPO comprised a fresh issue of 32,58,000 equity shares.

The company intends to utilize the net proceeds for capital expenditure towards purchase o...