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RKB Global ₹125 ▲ 8.7% 1M
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RKB Global is heading for an IPO

An IPO has been announced. Issue details are on the IPO page.

Status
Awaiting dates
Live price starts on listing day
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RKB Global Unlisted Shares

Metals & Steel Steel wires, bright bars and welding electrodes IPO: SEBI review completed

RKB Global makes mild steel wires, bright bars, welding electrodes and pre-engineered building components at Wada and Taloja in Maharashtra. It also trades steel products and runs iron ore mining and processing.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹125 ▲ 8.70% in 1 month
Dealer quotes: ₹106 – ₹125 across 2 dealers
Key facts

RKB Global share details

Lot size
500 shares
Min. investment
₹62,500
Face value
₹10
Implied market cap
₹547 Cr
Shares outstanding
43,772,327
Founded
2013
Headquarters
Wada, Palghar, Maharashtra
Website
rkb.co.in
ISIN
INE028W01017
CIN
U28100MH2013PLC251485
Lock-in after IPO
6 months
Price history

RKB Global share price chart

1Y change
-2.34%
High
₹128
Low
₹115

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

IPO journey

RKB Global IPO status: SEBI review completed

RKB Global has completed SEBI's review of its draft offer document. The next step is a red herring prospectus with the issue dates.

  1. 2 Apr 2026
    DRHP filed with SEBI
DRHP details & financials
About

About RKB Global

RKB Global Limited is an iron and steel company based in Maharashtra. It manufactures mild steel wires, bright bars, welding electrodes and pre-engineered building components at two plants, one at Wada in Palghar district and one at Taloja in Navi Mumbai. Alongside this, it trades in coils, pipes and structural steel, and does iron ore extraction, processing and export. Its customers are mainly in construction, automobile and engineering, in India and abroad. On the restated consolidated numbers in its draft offer document, revenue from operations was ₹4,111.18 million in FY25, against ₹4,328.33 million in FY24 and ₹3,600.01 million in FY23. Profit after tax rose from ₹53.71 million in FY23 to ₹79.16 million in FY24 and ₹110.87 million in FY25. For the six months to 30 September 2025, revenue was ₹2,900.89 million and profit after tax ₹101.55 million. Manufacturing is becoming the bigger part of the business. It made up 17.40% of revenue from operations in FY23 and 49.82% in FY25. The company runs 29 storage facilities in Maharashtra and a few more in Kerala, Madhya Pradesh and Telangana. Maharashtra gave 66.51% of FY25 revenue. The company is promoted by Alok Virat Shah, who is Managing Director, and Virat Sevantilal Shah, the Chairman. Promoters hold 12,486,701 and 10,448,263 equity shares respectively. The company has 43,772,327 equity shares of face value ₹10 each, as per its draft offer document. RKB Global filed its draft red herring prospectus with SEBI on 2 April 2026 and the SEBI review is complete. The proposed offer has a fresh issue of up to 12,600,000 equity shares and an offer for sale of up to 2,020,000 equity shares. The price and dates are not yet announced. Unlisted shares of a company like this are dealt off-market between buyers and sellers, so the price shown here is only indicative.

Strengths

  • Profit after tax grew from ₹53.71 million in FY23 to ₹110.87 million in FY25, and EBITDA margin moved from 4.50% to 7.79% over the same period.
  • Manufacturing contributed 49.82% of revenue from operations in FY25, up from 17.40% in FY23, which shows a shift from pure trading towards making its own products.
  • Net worth rose from ₹457.81 million in FY23 to ₹2,023.99 million in FY25, helped by fresh capital, and the debt to equity ratio fell from 1.89 times to 0.31 times.
  • The business has several revenue streams: manufacturing, steel trading and iron ore mining, serving construction, automobile and engineering customers.
  • Two manufacturing plants at Wada and Taloja are supported by 29 storage facilities in Maharashtra and a few more in Kerala, Madhya Pradesh and Telangana.
  • Return on capital employed was 10.21% in FY25, and the company says it sells under its own 'Virat' brand.

Risks

  • Customer concentration is rising. The top 10 customers gave 47.85% of revenue from operations in FY25, up from 24.87% in FY23, and 74.57% in the six months to September 2025.
  • Operating cash flow was negative at ₹320.08 million in FY25 and ₹272.42 million in FY24, even though the company reported profits in both years.
  • Margins are thin. PAT margin was 2.68% in FY25, and a small fall in steel prices could hurt profits, as steel demand and prices are cyclical.
  • Raw materials made up 92.72% of total expenses in FY25, and the company buys them from third-party suppliers on purchase order basis.
  • Maharashtra gave 66.51% of revenue from operations in FY25 and 77.88% in the six months to September 2025, so the business depends heavily on one state.
  • Return on equity was 5.48% in FY25 as the share capital base grew faster than profit, against 11.73% in FY23.
  • Most of the capital expenditure in the last three fiscals went to buying properties from the promoter and promoter group.
  • The statutory auditors have included certain emphasis of matters in earlier audit reports, and there are legal proceedings against the company and its group companies.
  • Total borrowings were ₹637.02 million at the end of FY25, and the debt to EBITDA ratio was 3.20 times for the six months to September 2025.
  • Contingent liabilities could affect the company's finances, and the offer is not yet priced, so unlisted share prices are only indicative.
Financials

RKB Global financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY25Latest FY24 FY23
Revenue (₹ Cr) 411 433 360
EBITDA (₹ Cr) 32.02 32.01 16.21
PAT (₹ Cr) 11.09 7.92 5.37
EBITDA Margin (%) 7.79 7.40 4.50
PAT Margin (%) 2.70 1.83 1.49
RoNW (%) 5.48 5.45 11.73
EPS (₹) 2.69 2.49 1.86
Book Value (₹) 46.24 36.98 15.81
Debt / Equity 0.31 0.26 1.89
Net Worth (₹ Cr) 202 145 46

Swipe the table sideways for earlier years →

Leadership

Management team

Alok Virat Shah
Managing Director and Promoter
Holds an MBA from Griffith University and has more than 19 years of experience in import, export and domestic trade.
Virat Sevantilal Shah
Chairman and Non-Executive Director
Promoter with more than 25 years of experience in trading and manufacturing operations.
Vishal Navin Mehta
Whole-Time Director
Whole-time director on the board.
Girish Shrimannarayan Mishra
Chief Financial Officer
Key managerial personnel heading finance.
Snehal Satish Bhamare
Company Secretary and Compliance Officer
Key managerial personnel for secretarial and compliance matters.
Corporate events

Events & announcements

Event Date File
DRHP filed with SEBI IPO filing
2 Apr 2026

RKB Global filed its draft red herring prospectus with SEBI, the first public step towards an IPO.

2 Apr 2026
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RKB Global unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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