New IPO Alert: RKB Global files DRHP with SEBI to raise funds via public offer

RKB Global IPO: Iron and steel products manufacturer RKB Global has filed preliminary papers with the markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds via an initial public offering.

The proposed initial share sale is a mix of fresh issuance of 1.26 crore equity shares and an offer for sale (OFS) component of 20.20 lakh shares by existing shareholders, according to the draft red herring prospectus (DRHP).

The money raised will be used for the following objectives:

• Purchase of plant and machinery for an existing manufacturing facility
• Purchase of solar panel for installation at existing manufacturing unit
• Buying machineries for mining vertical
• Debt repayment
• Incremental working capital requirements
• General corporate purposes

"Our company intends to strengthen its capital base and expects to receive the benefits of listing of the equity shares on the stock exchanges, including, among other things, enhancing the visibility of our brand and our company among our existing and potential customers," as per the DRHP.

About RKB Global

RKB Global imports, exports, trades, distributes, and manufactures iron and steel products, along with iron ore mining and the manufacturing and supply of pre-engineered building structural components.

It is involved in the production of an array of steel products, including welding electrodes, graded wires, bright bars, MS rods, ERW pipes, profile sheets and PEB components.

Its product portfolio comprises more than 200 stock-keeping units (SKUs), including over 55 in low carbon, 55+ in bright bars, 80+ in wires, amongst others, serving industries such as automobile, construction and engineering.

In the six months ending September 2025, the company posted a profit after tax (PAT) of ₹10.15 crore and a revenue of ₹290 crore.

Aryaman Financial Services and Oneview Corporate Advisors are the issue's book-running lead managers, while MUFG Intime India is the registrar.

The company shares will be listed on the NSE and the BSE.