Krupalu Metals
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 16 Sept 2025 | ₹0 | 0.00% | ₹0 | ₹72 | ₹0 |
| 15 Sept 2025 | ₹0 | 0.00% | ₹0 | ₹72 | ₹0 |
| 14 Sept 2025 | ₹0 | 0.00% | ₹0 | ₹72 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 08 Sept 2025 – 11 Sept 2025
- Listing date
- 16 Sept 2025
- Face value
- ₹1 per share
- Issue price
- ₹72 per share
- Lot size
- 1,600 shares
- Issue type
- Fixed Price issue
- Listing at
- BSE
- Total issue size
- ₹13.48 Cr
- Market cap at offer price
- ₹42.28 Cr
- Promoter holding
- 100.00% → 68.12% pre-issue → post-issue
- ISIN
- INE0XZB01017
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- Plot No 4345, GIDC Phase-III, Dared Udhyognagar, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 94,400 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹72
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,15,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (min) | 9 | 14,400 | ₹10,36,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹72 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.38 | 3.66 |
| P/E (×) | 13.38 | 19.67 |
| Price to book (×) | 7.09 | — |
| Market cap | — | ₹42.28 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 35.12%
- ROCE
- 48.45%
- Debt / equity
- 1.37
- PAT margin
- 4.45%
- EBITDA margin
- 7.65%
- NAV per share
- ₹15.31
- Price to book
- 7.09
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Krupalu Metals
Krupalu Metals Limited, incorporated in 2009 as Krupalu Engineering Services Private Limited and converted to a public company in 2024, is an ISO 9001:2015 certified manufacturer based in Jamnagar, Gujarat. The company specializes in producing a diverse range of brass and copper products including sheets, strips, cutting components, pipe fittings, profiles, terminals, electrical components, and bus bars. Beyond manufacturing, Krupalu Metals also engages in raw material trading to meet customer requirements across multiple industries. The company's operations span manufacturing, trading of raw materials, and job work services. With over 13 years of experience in the metal manufacturing sector, the company has established itself through its commitment to quality, industry expertise, and ability to deliver customized solutions to a wide customer base.
Company Analysis
from DRHPKrupalu Metals Limited manufactures brass and copper sheets, strips, and customized metal components, while also trading raw materials for industries including automotive, electrical, construction, and engineering.
Krupalu Metals Limited, incorporated in 2009 as Krupalu Engineering Services Private Limited and converted to a public company in 2024, is an ISO 9001:2015 certified manufacturer based in Jamnagar, Gujarat. The company specializes in producing a diverse range of brass and copper products including sheets, strips, cutting components, pipe fittings, profiles, terminals, electrical components, and bus bars. Beyond manufacturing, Krupalu Metals also engages in raw material trading to meet customer requirements across multiple industries. The company's operations span manufacturing, trading of raw materials, and job work services. With over 13 years of experience in the metal manufacturing sector, the company has established itself through its commitment to quality, industry expertise, and ability to deliver customized solutions to a wide customer base.
Objects of the Issue
- Funding Capital Expenditure towards purchase of additional plant and machinery ₹518.05 lakhs p.71
- Working Capital Requirement ₹570.46 lakhs p.71
- Issue Related Expenses ₹149.33 lakhs p.71
- General Corporate Expenses ₹110.00 lakhs p.71
Issue Structure
- Total Issue
- 18,72,000 Equity Shares aggregating to ₹1,347.84 Lakhs
- Fresh Issue
- 18,72,000 Equity Shares of ₹10/- each at ₹72/- per share aggregating to ₹1,347.84 Lakhs (100% fresh issue, no OFS)
- Offer for Sale
- Nil
- Price Band
- Fixed Price: ₹72/- per equity share
- Lot Size
- 1,600 Equity Shares (minimum lot size)
- Face Value
- ₹10/- per equity share
Business Model
The company generates revenue through three main segments: (1) Manufacturing of brass and copper sheets, strips, and metal components; (2) Trading of raw materials including sheet metal, angles, flats, channels, and pipes; and (3) Providing job work services. Revenue is earned by manufacturing and selling metal products to various industries, trading raw materials at margins, and charging for specialized job work. The business model relies on customer relationships, quality standards, and the ability to customize products to meet specific requirements.
Business Segments
SWOT Analysis
- • Wide product range in brass and copper manufacturing(p.109)
- • ISO 9001:2015 Quality Management System certification(p.109)
- • Experienced promoters with 13+ years of industry expertise(p.109)
- • Long-term operational stability with 99-year lease(p.109)
- • Improving profitability with rising EBITDA margins(p.110)
- • Heavy dependence on few major customers(p.26)
- • Reliance on limited suppliers for raw materials(p.26)
- • Geographic concentration of manufacturing in single location(p.25)
- • High working capital requirements tied up in inventory and receivables(p.29)
- • Revenue concentration in single product - brass and copper sheets(p.24)
- • Negative cash flow in certain fiscal years(p.28)
- • High debt-to-equity ratio indicating leverage(p.110)
- • Litigation contingent liabilities of ₹1,962.85 lakhs(p.20)
- • Company Secretary with less than one year tenure(p.41)
- • Capacity expansion to serve growing domestic demand for brass and copper products(p.109)
- • Government support for manufacturing through PLI schemes and Make in India(p.92)
- • Growing infrastructure development driving demand for engineering products(p.102)
- • India's manufacturing sector projected to reach $1 trillion by 2025-26(p.99)
- • Expansion of customer base through enhanced production capabilities(p.73)
- • Slowdown in economic growth could reduce manufacturing demand(p.44)
- • Supply disruption risks from concentrated supplier base(p.26)
- • Fluctuations in raw material prices affecting profitability(p.26)
- • Regional concentration exposes company to local disruptions(p.25)
- • Intense competition from existing and new market entrants(p.15)
- • Regulatory changes and compliance requirements(p.44)
- • Global economic uncertainty and geopolitical tensions(p.44)
- • Inflation eroding profit margins(p.44)
- • Exchange rate volatility impacting input costs and competitiveness(p.41)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Jagdish Parsottambhai Katariya | Promoter | 45.24% | 30.82% |
| Navinbhai Katariya | Promoter | 12.97% | 8.84% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.