About Sky Alloys and Power Limited IPO
Incorporated in 2009, Sky Alloys & Power Limited is an integrated steel manufacturer engaged in the production of Sponge Iron, Mild Steel (MS) Billets, Ferro Alloys (including Silico Manganese), and TMT Bars. The company operates a manufacturing facility in Raigarh, Chhattisgarh, one of India's key steel-producing regions.
Its business caters to both industrial and retail markets. Sponge Iron, MS Billets, and Ferro Alloys are supplied to steel manufacturers and industrial customers under a B2B model, while its flagship "SKY TMT" bars are distributed through a network of dealers and agents across various markets.
The company is also expanding into renewable energy by developing a 50 MWp DC/35.7 MWAC solar power project in Chhattisgarh, aimed at improving energy efficiency and reducing manufacturing power costs.
As of March 31, 2025, Sky Alloys & Power Limited had 778 permanent employees and 250 contract workers supporting its manufacturing and operations.
Sky Alloys and Power IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 89,45,500 crores |
| Non-Institutional Investors (NIIs) | 35% | 62,61,850 crores |
| Retail Individual Investors (RIIs) | 15% | 26,83,650 crores |
Sky Alloys and Power IPO Strengths & Weaknesses
Diversified product portfolio across Sponge Iron
MS Billets
Ferro Alloys
and SKY TMT Bars
reducing dependence on a single product
Integrated manufacturing facility in Raigarh
Chhattisgarh
providing operational and logistical advantages.
Strong presence in both industrial (B2B) and retail steel markets through dealer and distribution networks.
Strategic location in one of India's major steel manufacturing hubs ensures efficient raw material sourcing and supply chain management.
Expansion into solar power is expected to improve energy efficiency and lower long-term operating costs.
Sky Alloys and Power IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| -- | -- | -- |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 1,78,91,000 shares (aggregating up to To be announced) |
| Fresh Issue | 16,08,400 shares (aggregating up to ₹1,60,84,000 crores) |
| Offer for Sale | 1,80,700 shares of ₹10 (aggregating up to ₹18,07,000 crores) |
| Issue Type | Bookbuilding IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 72.33 shares |
| Post-Issue Shareholding | 0 shares |
Sky Alloys and Power IPO Lot Size and Investment Details
| Minimum Lot Size | -- |
| Maximum Lot Size (Retail) | -- |
The lot size of Sky Alloys and Power ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Sky Alloys and Power IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Sky Alloys and Power IPO Contact & Registrar Details
Contact Details
Address
House No 16 Recreation Road Choubey Colony Raipur
Phone Number
Website
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
Optivalue Tek Consulting Ltd IPO Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Gretex Corporate Services Ltd. | Arihant Capital Markets Ltd. |