Sky Alloys and Power IPO, Open Date, Issue Size, Price Band and DRHP Filed

Sky Alloys and Power Limited, an integrated steel and power manufacturing company, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming Initial Public Offering (IPO). The Sky Alloys and Power IPO has attracted attention among investors tracking upcoming IPOs in India, particularly in the steel, ferro alloys, and power manufacturing sector.

The firm is engaged in the production of sponge iron, MS billets, TMT rods, ferro alloys, and power. The filing of the DRHP marks a significant step taken by Sky Alloys & Power for its intended public listing..

Sky Alloys and Power IPO Details in Brief

Sky Alloys and Power IPO Date

Current Status: DRHP Filed with SEBI

Sky Alloys and Power Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 22, 2026.

Expected Timeline: While the company has not announced the IPO dates yet, the public issue is expected after the completion of SEBI's review process. The company proposes to list its equity shares on both BSE and NSE.

Key Dates to Watch

Sky Alloys and Power IPO Size

As per the DRHP, the Sky Alloys and Power IPO consists of a combination of a Fresh Issue and an Offer for Sale (OFS).

• Fresh Issue: Up to 16,084,000 equity shares
• Offer for Sale (OFS): Up to 1,807,000 equity shares

The Offer for Sale includes shares offered by existing shareholders. The total issue size in rupee terms will be determined after the announcement of the price band.

Sky Alloys and Power IPO Price Band

Price Band: To be announced

The Sky Alloys and Power IPO price band and minimum bid lot will be announced closer to the IPO opening and disclosed in the Red Herring Prospectus (RHP). The issue will follow the 100% book-building process, with pricing determined based on investor demand.

About Sky Alloys and Power

Sky Alloys and Power Limited is an Indian steel manufacturing company established in 2009 and based in Raipur, Chhattisgarh. The company produces Sponge Iron, MS Billets, Ferro Alloys such as Silico Manganese, Pig Iron, TMT Bars, and Wire Rods, which form the core of its industrial operations.

This factory utilizes the concept of integration in its manufacturing process at Village Temtema, Tehsil Kharsia, District Raigarh, with the assistance of captive power generation from AFBC and Waste Heat Recovery Boiler. The company Sky Alloys and Power Limited specializes in metals and steel products.

Business Highlights

Sky Alloys and Power operates as an integrated steel manufacturer with operations spanning sponge iron, billets, TMT bars, ferro alloys, and power generation. The company follows a vertically integrated manufacturing model that supports its steel production process.

The company is promoted by Ravi Singhal, Sandeep Agrawal, Nisha Singhal, Vikas Agrawal, and Vinay Kumar Agrawal.

Sky Alloys and Power IPO Objects of the Offer

As per the DRHP, the company intends to utilize the net proceeds from the Fresh Issue primarily towards repayment or prepayment of certain outstanding borrowings and for general corporate purposes. The company may also use the proceeds for other purposes as disclosed in the Red Herring Prospectus.

Sky Alloys and Power Consolidated Financials

(Amount in ₹ Crore)

Conclusion

Power IPO by Sky Alloys is the next in line in the steel & manufacturing industry of India. As the DRHP is already filed, the process of launching the public offer has been started by the company, but the exact price band and dates for the IPO are not yet revealed.

The company's integrated manufacturing operations across sponge iron, billets, TMT bars, ferro alloys, and captive power generation provide it with a diversified product portfolio. As SEBI's review progresses, investors can expect further updates regarding the Sky Alloys and Power IPO date, price band, issue size, and listing schedule.

For investors tracking steel company IPOs, manufacturing IPOs, and upcoming IPOs in India 2026, the Sky Alloys and Power IPO is one of the issues to watch.

-Bigul Research Desk

Bonanza Portfolio Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000212137 | SEBI Regn. No. DP: IN-DP-62-2015 | PMS: INP 000000985 | Research Analyst ID: INH100001666)

Disclaimer: This article is for informational purposes only and is based on the DRHP filed by Jio Platforms Limited with SEBI on June 19, 2026. It does not constitute investment advice. Please consult a SEBI-registered financial advisor before making investment decisions.