B.S. Sponge has filed its DRHP for a proposed INR 1,000 crore IPO, comprising a fresh issue of up to INR 800 crore and an Offer for Sale (OFS) of up to INR 200 crore.

Oct 08, 2026

B.S. Sponge Limited, an integrated steel manufacturer, has filed its Draft Red Herring Prospectus (DRHP) for a proposed INR 1,000 crore IPO, comprising a fresh issue of up to INR 800 crore and an OFS of up to INR 200 crore. 

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The company proposes to utilise INR 650 crore of the fresh issue proceeds towards repayment or pre-payment of outstanding borrowings and accrued interest, with the balance earmarked for general corporate purposes. Its product portfolio includes sponge iron, billets and slabs, TMT bars, HR coils, wire rods, ERW pipes and tubes, and ferro alloys.