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Pioneer Fabrications Files Rs 190 Crore IPO Draft Papers
Pioneer Fabrications wants to raise Rs 190 crore by selling new shares.
It has submitted draft IPO papers to SEBI.
The company will use much of the money for daily operations and building a new manufacturing unit.
Some funds will buy equipment for its existing factories.
The company works on infrastructure and structural projects.
Its profit rose to Rs 26.62 crore in FY26.
However, more than 80% of its revenue came from its ten biggest customers over the last three years.
The company also faces risks involving raw materials, legal cases, permits and possible factory disruptions.
Pioneer Fabrications filed a DRHP with SEBI to raise Rs 190 crore through an entirely fresh issue.
The company plans to use Rs 63 crore for working capital and Rs 58.62 crore for a proposed manufacturing unit.
Another Rs 4.69 crore will fund equipment purchases at existing manufacturing units, with the balance for general corporate purposes.
The IPO allocation provides up to 50% for qualified institutional buyers, 15% for non-institutional buyers and 35% for retail investors.
Pioneer Fabrications reported FY26 consolidated revenue of Rs 186.27 crore and net profit of Rs 26.62 crore.
- Who
- Pioneer Fabrications, an infrastructure engineering company.
- What
- The company filed draft papers with SEBI to raise Rs 190 crore through an entirely fresh IPO issue.
- Where
- The company is based in New Delhi and has a manufacturing unit in Meerut, Uttar Pradesh.
- When
- The filing date is not stated; the article reports financial results for the year ended March 31, 2026.
- Why
- The proceeds are intended for working capital, equipment purchases, a proposed manufacturing unit and general corporate purposes.
Key facts
- Proposed issue size
- Rs 190 crore, entirely through a fresh issue
- Face value
- Rs 10 per share
- Working capital allocation
- Rs 63 crore
- Proposed manufacturing unit
- Rs 58.62 crore for plant, machinery and civil construction
- Existing-unit equipment
- Rs 4.69 crore
- FY26 revenue
- Rs 186.27 crore, up about 31% year-on-year
- FY26 net profit
- Rs 26.62 crore, up nearly 45% year-on-year
- Major risk
- The ten largest customers contributed more than 80% of revenue over the past three fiscal years
Sources
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