Article

Steel companies are set to raise around ₹4,000 crore through IPOs over the next 12-18 months, following the implementation of a three-year safeguard duty on select flat steel imports starting April 21, 2025. This duty aims to improve pricing visibility and reduce foreign undercutting, encouraging companies like AOne Steels India and Jindal Supreme to pursue fundraising for capacity expansion and green steel initiatives. However, bankers caution that the success of these IPOs will depend on the sustainability of earnings and balance-sheet strength post-duty.