India’s steel industry is preparing for a primary market surge, with at least ten steel producers and allied firms planning IPOs worth ₹5,000–₹7,000 crore in the next 8–10 months. Driven by strong demand, government support, and expansion plans, the sector is set to attract significant investor interest.
India’s steel sector is gearing up for a major primary market boom, with multiple companies preparing to tap equity markets over the next eight to ten months. According to industry reports, at least ten steel producers and related firms are expected to raise between ₹5,000 and ₹7,000 crore through IPOs and FPOs.
The surge in fundraising is being driven by improving domestic demand, supportive government policies, and the sector’s focus on capacity expansion. Proceeds from these offerings are likely to be deployed towards greenfield projects, galvanising units, colour-coating facilities, and stainless steel capacity additions.
India’s steel demand is projected to grow steadily, supported by infrastructure development, housing projects, and renewable energy expansion. The government’s National Steel Policy and emphasis on self-reliance have further boosted confidence in the sector. Analysts believe that the upcoming IPOs will not only strengthen balance sheets but also provide investors with opportunities to participate in India’s industrial growth story.
Key Highlights
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IPO Pipeline: At least 10 steel companies to raise ₹5,000–₹7,000 crore.
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Timeline: Activity expected over the next 8–10 months.
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Utilization of Funds: Greenfield lines, galvanising units, colour-coating facilities, stainless steel expansion.
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Growth Drivers: Rising demand from infrastructure, housing, and renewable energy.
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Policy Support: National Steel Policy and government incentives for self-reliance.
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Investor Outlook: Strong interest expected due to sectoral growth and expansion plans.
Sources: The Economic Times – Steel Sector IPO Boom; IBEF – Indian Steel Industry Analysis; World Steel Association – Demand Outlook