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IPO Details

IPO Date [.]
Listing Date [.]
Face Value ₹10 per share
Price Band
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Total Issue Size [.] shares
(agg. up to ₹190 Cr)
Fresh Issue [.] shares
(agg. up to ₹190 Cr)
Share Holding Pre Issue 3,09,75,000 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Thu, Oct 1, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

About Pioneer Fabricators Ltd.

Incorporated in June 1988, Pioneer Fabricators Limited is an infrastructure engineering company engaged in the planning, engineering, designing, procurement, fabrication, construction, erection and execution of infrastructure and structural projects. The Company undertakes projects across the railway, metro, road and highway, industrial and other infrastructure sectors, including bridges, foot over bridges, road over bridges, railway and station structures, skywalks, metro stations and station redevelopment works. The Company provides engineering-led project execution and structural fabrication services, with its scope varying according to project requirements. Its capabilities cover engineering and design, project planning, procurement and material coordination, structural fabrication, transportation, site mobilisation, erection, construction, inspection and completion. It executes projects through EPC, Bill of Quantities (BOQ)-based and pure fabrication contracts, and also undertakes standalone fabrication orders for structural steel products and engineered products such as steel structures, pre-engineered buildings and pressure vessels.

The Company operates a fabrication facility located in Meerut, Uttar Pradesh, with an installed fabrication capacity of 16,000 MTPA. Its projects are executed across India for government entities and private sector customers, either directly or as a subcontractor to main or turnkey contractors. During Fiscal 2026, the Company undertook projects across railway, metro, industrial and other infrastructure sectors, with revenue from operations increasing from ₹8,259.69 lakh in Fiscal 2024 to ₹18,627.65 lakh in Fiscal 2026, representing a CAGR of 50.17%.

As of March 31, 2026, the Company had an Order Book of ₹32,492.29 lakh, comprising government projects of ₹14,838.56 lakh and other projects of ₹17,653.73 lakh. Its operations are supported by engineering, procurement, fabrication, project management and site execution teams.

As of March 31, 2026, the Company had 65 employees across manufacturing, administration, quality assurance, finance, compliance, procurement, sales and marketing, erection and production and other functions.

Competitive Strengths

  • Track record of healthy financial performance.
  • Track record of timely execution of infrastructure projects.
  • Long-standing relationships with customers and suppliers.
  • Integrated engineering, detailing and precision fabrication capabilities.
  • Experienced Promoters and strong management team with decades of experience.

Company Financials (Restated)

Pioneer Fabricators Ltd.’s revenue increased by 28% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 208.97 142.31 98.82
Total Income 187.09 146.20 83.61
Profit After Tax 25.62 17.35 6.15
EBITDA 38.03 24.42 11.27
Reserves and Surplus 111.32 72.17 45.08
Total Borrowing 26.01 27.32 27.22

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 To meet working capital requirements
    63.00
  • 2 Purchase of plant and machinery and civil construction for the existing manufacturing unit
    4.70
  • 3 Purchase of plant and machinery and civil construction for the proposed manufacturing unit
    58.62
  • 4 General Corporate Purpose
  • Total
    126.32

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 20.33%
ROCE 29.93%
Debt/Equity 0.21
RoNW 20.33%
PAT Margin 13.70%
EBITDA Margin 20.42%
NAV 42.86

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 8.27

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 73.07%
Public 26.93%
Total 100%

Company Promoters: Prakher Rajeev and Seema Agarwal.

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Corporate Professionals Capital Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Pioneer Fabricators Ltd. Address
A-215, Shop No 51, Second Floor
Chawla Complex, Gali No 1
Near Bank of Baroda, Shakarpur
Delhi, New Delhi, 110092

IPO FAQs

Pioneer Fabricators IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹190 Crores. The issue is priced at To be declared. The minimum order quantity is .

The Pioneer Fabricators IPO open and close dates are not available as of now.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Pioneer Fabricators IPO using UPI as a payment gateway. Angel One customers can apply in Pioneer Fabricators IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Pioneer Fabricators IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Pioneer Fabricators IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Pioneer Fabricators IPO dates are not announced. Please check back again after some time.

Pioneer Fabricators IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Pioneer Fabricators IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Pioneer Fabricators IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pioneer Fabricators IPO allotment status.

The Pioneer Fabricators IPO listing date is not yet announced. The tentative date of listing is .

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