Maharashtra-based iron and steel products maker RKB Global has filed draft document with SEBI to raise funds via initial public offering for purposes of capital expenditure, working capital, and debt reduction.
As a part of IPO plan, the company proposed to issue 1.26 crore fresh shares, while existing shareholders will be selling up to 20.2 lakh shares via offer-for-sale, as per the DRHP filed on March 20.
RKB Global produces several steel products including graded wires, ERW pipes, bright bars, MS rods, profile sheets, welding electrodes, and pre-engineered building (PEB) components.
It operates business through its two manufacturing facilities at Wada and Taloja in Maharashtra, with total installed capacity of 53,430 MTPA as of September 2025.
The company will spend Rs 14.3 crore of proceeds from the fresh issue for purchase of plant and machinery, and Rs 2.9 crore for installation of solar panel at existing manufacturing unit at Wada.
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Further, the Rs 14.2 crore will be utilised for purchase of machineries for mining vertical, and Rs 50 crore each for repayment of certain borrowings, and incremental working capital requirements. And the remainder funds will be used for general corporate purposes.
RKB Global that compares itself with listed peers like Bansal Wire Industries, Bansal Roofing Products, Lloyds Metal & Energy, and Classic Electrodes has recorded profit of Rs 11.1 crore for the financial year ended March 2025, growing sharply by 40 percent from Rs 7.9 crore in previous year. However, revenue during the same period fell 5 percent to Rs 411.1 crore from Rs 432.8 crore.
Further, profit in six months period ended September 2025 was Rs 10.2 crore on revenue of Rs 290 crore.
Aryaman Financial Services, and Oneview Corporate Advisors are appointed as the book running lead managers for the RKB Global IPO.
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