Pioneer Fabricators IPO (DRHP filed)
Pioneer Fabricators Limited filed its draft red herring prospectus with SEBI on 1 Oct 2026 for an issue of about ₹190.00 Cr. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 1 Oct 2026
- Days since
- 17
- Issue size
- ₹190.00 Cr
- Board
- Mainboard
- Price band
- TBA
Pioneer Fabricators IPO status
Pioneer Fabricators Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 1 Oct 2026 |
|---|---|
| Days since filing | 17 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Pioneer Fabricators Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹146.2 Cr to ₹187.09 Cr, and profit after tax rose from ₹17.35 Cr to ₹25.62 Cr. The PAT margin for 31 Mar 2026 was 13.69%.
| 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 |
| Reserve & Surplus | 111.32 | 72.17 | 45.08 |
| Total Borrowings | 26.01 | 27.32 | 27.22 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 20.33 | 20.27 | 10.77 |
| ROCE % | 29.93 | 32.44 | 20.87 |
| Debt / Equity | 0.21 | 0.32 | 0.48 |
| RoNW % | 20.33 | 20.27 | 10.77 |
| Pat Margin % | 13.70 | 11.87 | 7.35 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | 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 |
About Pioneer Fabricators Limited
Incorporated in June 1988, Pioneer Fabricators Limited is an infrastructure engineering company engaged in the planning, engineering, design, procurement, fabrication, construction, erection and execution of infrastructure and structural projects. The Company undertakes projects across 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 projects.
The Company provides engineering-led project execution and structural fabrication services, with its scope tailored to project requirements. Its capabilities include engineering and design, project planning, procurement and material coordination, structural fabrication, transportation, site mobilisation, erection, construction, inspection and project completion. The Company executes projects through Engineering, Procurement and Construction (EPC), Bill of Quantities (BOQ)-based and pure fabrication contracts, and also undertakes standalone fabrication orders for structural steel and engineered products, including steel structures, pre-engineered buildings and pressure vessels.
The Company operates a fabrication facility 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 the railway, metro, industrial and other infrastructure sectors. Its revenue from operations increased 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 65 employees across manufacturing, administration, quality assurance, finance, compliance, procurement, sales and marketing, erection, production and other functions.
Competitive Strengths
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 a strong management team with decades of industry experience.
Promoters
Prakher Rajeev
Seema Agarwal
Contact details
Pioneer Fabricators Ltd.
A-215, Shop No 51, Second Floor
Chawla Complex, Gali No 1
Near Bank of Baroda, Shakarpur
Delhi, New Delhi, 110092
Contact: +91-9756796581
Email: cs@pioengg.com
Website: https://pioengg.com/
Pioneer Fabricators IPO FAQs
- Has Pioneer Fabricators IPO filed for an IPO?
- Pioneer Fabricators Limited filed its draft red herring prospectus (DRHP) with SEBI on 1 Oct 2026.
- When will the Pioneer Fabricators IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Pioneer Fabricators IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
- What is the Pioneer Fabricators IPO size?
- The DRHP proposes an issue of about ₹190.00 Crore. The final size can change in the RHP.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.