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Open
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Allotment
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Listing
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Issue Size
1,78,91,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 524.08 | 388.08 | 285.75 |
| Total Income | 821.09 | 631.23 | 555.47 |
| Profit After Tax | 53.05 | 44.97 | 37.56 |
| EBITDA | 110.31 | 90.79 | 78.63 |
| NET Worth | 217.11 | 164.14 | 120.10 |
| Reserves and Surplus | 170.59 | 94.88 | 50.84 |
| Total Borrowing | 269.71 | 178.58 | 132.10 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding part of the capital expenditure requirements towards setting-up of Solar Power Project. | 90.00 |
| 2 | Repayment and/or pre-payment, of borrowings; and | 120.00 |
| 3 | General corporate purposes |
About Sky Alloys and Power IPO
Incorporated in 2009, Sky Alloys and Power Limited is a steel manufacturing company engaged in the production of Sponge Iron, Mild Steel (MS) Billets, Ferro-Alloy products (such as Silico Manganese), and TMT Bars. The company operates an integrated manufacturing facility located at Village Temtema, Post Robertson, Tehsil Kharsia, District Raigarh, Chhattisgarh. The company began its operations with the installation of its first Direct Reduced Iron (DRI) plant in Raigarh, Chhattisgarh. Its product portfolio serves both intermediate and end-use markets. Intermediate products like Sponge Iron and MS Billets are sold primarily through a Business-to-Business (B2B) model, catering to other steel manufacturers and industrial clients. For its flagship value-added product, “SKY TMT” bars, the company follows a dealer and agent-based distribution strategy, without formal long-term agreements, to strengthen its retail market presence. As of March 31, 2025, Sky Alloys and Power Limited employed 778 permanent employees and 250 contract workers, supporting its manufacturing and operational activities.+ Read More
Contact Details
Sky Alloys & Power Ltd. AddressHouse No 16Recreation RoadChoubey ColonyRaipur, Chhattisgarh, 492001+91 77 14046097compliance@skyalloys.co.inVisit Website