Steel firms plan Rs 4,000-cr IPOs in 12-18 months

Steel companies in India are planning to raise a lot of money, around Rs 4,000 crore, by selling shares to the public through IPOs.

This is happening because the government has decided to put a special tax on certain types of steel that are imported.

This tax, which starts on April 21, 2025, is expected to help Indian steel companies by making imported steel more expensive.

This way, Indian companies can sell their steel at better prices without too much competition from cheaper imports.

The government's decision comes after a slow year for steel IPOs in 2025, where not many companies listed their shares and some had trouble performing well after listing.