RKB Global IPO

RKB Global Limited Initial Public Offering (IPO) is a book built issue of 1.46 crore equity shares, consisting of a fresh issue of up to 1.26 crore equity shares and an offer for sale of up to 20.20 lakh equity shares. The equity shares are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

Aryaman Financial Services Limited is the book running lead manager, and MUFG Intime India Private Limited is the registrar to the issue. Key details such as the IPO dates, IPO price band, and lot size are yet to be announced.

About RKB Global Limited

RKB Global Limited traces its origins to 1933, when Shri Sevantilal C. Shah established a proprietorship concern under the name M/s. Rajankumar for trading in iron and steel products. In 2000, the business was reconstituted as a partnership firm under the name M/s Rajankumar and Bros. (Impex), and in 2013, the partnership firm was renamed RKB Global and subsequently converted into a private limited company, incorporated as RKB Global Private Limited. The company was later converted into a public limited company in 2018 and renamed RKB Global Limited.

The company is engaged in the importing, exporting, trading, distribution, and manufacturing of iron and steel products, along with iron ore mining and the manufacturing and supply of pre-engineered building structural components. Its product portfolio includes graded wires, electric resistance welded pipes, bright bars, mild steel rods, profile sheets, welding electrodes, and pre-engineered building components. The company has more than 200 stock keeping units, including over 55 low-carbon products, over 80 wire products, and over 55 bright bar products, catering primarily to industries such as construction, automobile, and engineering.

RKB Global operates manufacturing facilities at Wada and Taloja in Maharashtra, covering an aggregate land area of approximately 14 acres or 55,340 square metres. As of September 30, 2025, the facilities had a combined installed manufacturing capacity of 53,430 metric tonnes per annum. The Wada facility has an installed capacity of 40,730 metric tonnes per annum, while the Taloja facility has an installed capacity of 12,700 metric tonnes per annum.

The company follows a diversified business model comprising trading, manufacturing, and mining operations. Its trading business includes products such as chequered coils, structural steel, hot rolled coils, mild steel plates, cold rolled pre-painted galvanised iron, and pre-coated galvanised iron coloured coils.

Over the years, RKB Global has expanded from a trading-focused business into a manufacturing-led enterprise, with manufacturing revenue increasing from 17.40% of total revenue in Fiscal 2023 to 49.82% in Fiscal 2025 and 60.33% for the six months ended September 30, 2025. The company has also introduced products under the “Virat” brand and states that its facilities have certifications including ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management. Its operational footprint includes manufacturing facilities in Maharashtra, warehousing facilities across multiple states, and mining operations in Goa.

Industry Outlook

• India had 196.6 million tonnes of installed steel production capacity in FY25 and was the world’s second-largest consumer of finished steel, with consumption reaching 152 million tonnes.
• Indian crude steel production increased at a 6.8% CAGR from FY20 to FY25, rising from 109 million tonnes to 152 million tonnes, while production grew 12% year-on-year during April–August 2025.
• Finished steel production grew at a 7.4% CAGR between FY20 and FY25, increasing from 103 million tonnes to 147 million tonnes; production rose another 10.2% year-on-year during April–August 2025.
• Finished steel consumption increased at an 8.7% CAGR from FY20 to FY25, reaching 152 million tonnes from 100 million tonnes, supported by infrastructure, construction, automobiles, and consumer durables.
• India’s per capita finished steel consumption was 102.6 kg in CY24, substantially below the global average of 214.7 kg, indicating scope for higher domestic steel consumption as industrialisation and infrastructure investment expand.
• The National Steel Policy 2017 targets 300 million tonnes of steel-making capacity and 160 kg of per-capita steel consumption by CY30, providing a policy framework for continued capacity addition and demand growth.
• Government infrastructure spending remains an important demand driver, with capital expenditure of approximately ₹11.21 lakh crore allocated for FY26, alongside expectations of stronger private-sector investment activity.
• Global steel demand and production remain comparatively subdued. Global crude steel production was 1,885 million tonnes in CY24, with output declining 1.9% year-on-year during January–July 2025 amid weak global demand and geopolitical pressures.
• Global steel prices are expected to remain under pressure due to weak demand and persistent oversupply, particularly from China; a broad price recovery is dependent on supply adjustments or stronger global economic activity.
• The Indian mild steel wire market is supported by urbanisation, real estate development, and public infrastructure projects, while rural electrification and grid modernisation are expected to support demand for binding, stay, and earth wires.
• Demand for bright bars is linked to the growth of automotive, precision engineering, capital goods, and infrastructure sectors, with increasing domestic production of high-grade alloy and stainless-steel bars supporting import substitution.
• The automotive and auto-component segment is identified as a strong and sustained demand driver for bright bars, particularly for shafts, axles, fasteners, steering components, and transmission parts, supported by domestic vehicle production and component exports.
• The company’s planned capacity expansion reflects the broader industry opportunity, with its Wada facility proposed to increase capacity from 40,730 MTPA to approximately 63,730 MTPA by FY27, including additions in high-carbon steel and stainless-steel products.

RKB Global IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Purchase of plant and machinery for augmenting capacity at the existing manufacturing unit located in Wada.
• Purchase solar panel for installation at the existing manufacturing unit located at Wada.
• Purchase of machinery for the mining vertical.
• Repayment or pre-payment, in full or part, of certain borrowings availed by the company.
• Funding incremental working capital requirements of the company.
• Towards general corporate expenses.

Financial Performance of RKB Global Limited

RKB Global Limited Peer Details Comparison