Krupalu Metals’ IPO is set to open on September 8, 2025, and will close on September 10, 2025. This Fixed Price Issue aims to raise ₹13.48 crores through a fresh issue of new equity shares, each with a face value of ₹10. The IPO price has been set at ₹72 per share. The shares are slated to be listed on the BSE SME exchange on September 16, 2025, with the allotment process concluding on September 12, 2025.
The IPO allocation is structured with a 50% quota reserved for retail investors and the remaining 50% for High Net Worth Individuals (HNI), with no allocation for Qualified Institutional Buyers (QIB).
The company’s recent financial performance has been strong. In 2025, Krupalu Metals reported a significant increase in revenue, reaching ₹48.50 crores compared to ₹37.12 crores in 2024. This growth translated into a notable rise in profit, which stood at ₹2.15 crores in 2025, up from ₹1.55 crores the previous year. Based on these positive financial trends, the IPO may be an attractive opportunity for long-term investors.
Krupalu Metals IPO Date & Price Band Details
The Krupalu Metals IPO is a Fixed Price Issue set to raise approximately ₹13.48 crores through a fresh issue of shares. The offering, with a Face Value of ₹10 per share, has a fixed IPO Price Band of ₹72. Investors can apply in Lot Sizes of 1,600 shares. The IPO will be open for subscription from September 8, 2025, to September 10, 2025, and is scheduled for BSE SME listing.
| Category | Details |
|---|---|
| IPO Open Date: | September 8, 2025 |
| IPO Close Date: | September 10, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹72 Per Share |
| Issue Size: | Approx ₹13.48 Crores |
| Fresh Issue: | Approx ₹13.48 Crores |
| Lot Size: | 1,600 Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Krupalu Metals IPO Market Lot
The IPO lot size for retail investors starts with a minimum of 2 lots (3,200 shares) at ₹2,30,400, which is also the maximum retail investment allowed. For S-HNI investors, the minimum application is 3 lots (4,800 shares) worth ₹3,45,600. This structured IPO application limit ensures fair participation for both retail and high-net-worth individuals.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,30,400 |
| Retail Maximum | 2 | 3,200 | ₹2,30,400 |
| S-HNI Minimum | 3 | 4,800 | ₹3,45,600 |
The subscription status will be updated after the bidding process begins on September 8, 2025.
Krupalu Metals IPO Reservation
The IPO share allocation includes 94,400 shares (5.04%) reserved for Market Makers, while Non-Institutional Investors (NII) get 8,88,000 shares (47.44%). The Retail Investors quota stands at 8,89,600 shares (47.52%). In total, the IPO offers 18,72,000 shares (100%) for subscription. This structured IPO quota distribution ensures balanced participation across investor categories.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Market Maker | 94,400 Shares | 5.04% |
| NII Shares Offered | 8,88,000 Shares | 47.44% |
| Retail Shares Offered | 8,89,600 Shares | 47.52% |
| Total Shares Offered | 18,72,000 Shares | 100.00% |
Krupalu Metals IPO Allotment & Listing Dates
The IPO opens on September 8, 2025, and closes on September 10, 2025 with a bidding cut-off time of 5 PM. The basis of allotment is scheduled for September 12, 2025, followed by refunds and Demat account credit on September 15, 2025. The IPO listing date is set for September 16, 2025. Investors should track these important IPO dates for smooth participation.
| Type | Date |
|---|---|
| IPO Open Date: | September 8, 2025 |
| IPO Close Date: | September 10, 2025 |
| Basis of Allotment: | September 12, 2025 |
| Refunds: | September 15, 2025 |
| Credit to Demat Account: | September 15, 2025 |
| IPO Listing Date: | September 16, 2025 |
| IPO Bidding Cut-off Time: | September 11, 2025 – 5 PM |
Krupalu Metals IPO: Promoters and Holding Pattern
The company’s promoters are Mr. Jagdish Parsottambhai Katariya and Mr. Navinbhai Katariya. The promoter holding pre-issue stands at 40,00,000 shares (100%), which will reduce to 58,72,000 shares (68.12%) post-issue. This change in the shareholding pattern reflects equity dilution after the IPO while ensuring strong promoter control.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 40,00,000 | 100.00% |
| Promoter Holding Post Issue | 58,72,000 | 68.12% |
Krupalu Metals IPO Company Financial Report
The company has shown steady financial growth over the years. In 2023, revenue stood at ₹33.58 crores with a PAT of ₹0.42 crores. By 2024, revenue increased to ₹37.12 crores and PAT improved to ₹1.55 crores. In 2025, the company reported its highest revenue of ₹48.50 crores and a PAT of ₹2.15 crores, with total assets at ₹20.03 crores. This consistent performance highlights strong business fundamentals and improving profitability.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹33.58 | ₹32.50 | ₹0.42 | ₹15.25 |
| 2024 | ₹37.12 | ₹34.54 | ₹1.55 | ₹19.46 |
| 2025 | ₹48.50 | ₹44.68 | ₹2.15 | ₹20.03 |
Krupalu Metals IPO Valuation – FY2025
The company showcases strong key performance indicators (KPIs) reflecting financial stability and growth. It has a solid ROE of 35.12% and an impressive ROCE of 48.45%. Profitability metrics include an EBITDA margin of 7.65% and a PAT margin of 4.45%. With a debt-to-equity ratio of 1.37, the balance sheet remains stable. The company reports an EPS of ₹5.38, with a P/E ratio of 13.39. The RoNW stands at 35.12%, while the NAV is ₹15.31, indicating strong valuation fundamentals.
| KPI | Values |
|---|---|
| ROE: | 35.12% |
| ROCE: | 48.45% |
| EBITDA Margin: | 7.65% |
| PAT Margin: | 4.45% |
| Debt to equity ratio: | 1.37 |
| Earning Per Share (EPS): | ₹5.38 (Basic) |
| Price/Earning P/E Ratio: | 13.39 |
| Return on Net Worth (RoNW): | 35.12% |
| Net Asset Value (NAV): | ₹15.31 |
Krupalu Metals IPO Peer Group Comparison
In the peer group comparison, Sprayking Limited reports an EPS of 0.42, a P/E ratio of 5.33, RoNW of 7.45%, and income of ₹61.95 crores with a NAV of 2.81. On the other hand, Poojawestern Metaliks Limited shows stronger fundamentals with an EPS of 1.53, P/E ratio of 18.30, RoNW of 11.46%, NAV of 13.38, and income of ₹50.37 crores. This comparison highlights performance differences across listed industry peers.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Sprayking Limited | 0.42 | 5.33 | 7.45% | 2.81 | 61.95 Cr. |
| Poojawestern Metaliks Limited | 1.53 | 18.30 | 11.46% | 13.38 | 50.37 Cr. |
Objects of the Issue & Utilisation of proceeds – Krupalu Metals IPO
The IPO proceeds will be utilised for multiple purposes, including funding capital expenditure of ₹5.18 crores (38.4%) towards purchase of additional plant and machinery. Around ₹5.70 crores (42.28%) is allocated for working capital requirements, while issue-related expenses account for ₹1.49 crores (11%). The balance ₹1.10 crores (8.16%) will go towards general corporate purposes.
| Purpose | Crores | %Change |
|---|---|---|
| Funding Capital Expenditure towards purchase of additional plant and machinery | 5.18 | 38.4% |
| Working Capital Requirements | 5.70 | 42.28% |
| Issue Related Expenses | 1.49 | 11% |
| General Corporate Expenses | 1.10 | 8.16% |
Krupalu Metals Company Overview, Strengths, and Risks
Krupalu Metals Limited is a manufacturer and trader of brass and copper products. The company produces sheets, strips, and various metal components, including cutting components, inserts, pipe fittings, profiles, terminals, bus bars, and electrical components. They also offer job work services.
Company Overview
Founded in 2009, Krupalu Metals operates from Jamnagar, Gujarat, often referred to as the “Brass City of India.” The company is preparing for its Initial Public Offering (IPO) on the BSE SME platform, scheduled to open from September 8 to September 10, 2025. The IPO aims to raise approximately ₹13.48 crore, with funds designated for capital expenditure on new plant and machinery, as well as working capital requirements. Krupalu Metals is ISO 9001:2015 certified, highlighting its commitment to quality.
Strengths
- Established Manufacturing Base: The company has a solid presence in the brass and copper sector with a manufacturing facility in Jamnagar.
- Diverse Product Portfolio: Krupalu Metals offers a wide range of brass and copper products, catering to various industries like electrical, construction, automotive, and engineering.
- Growing Financial Performance: The company has shown a consistent upward trend in revenue and profit over the last three fiscal years. For FY 2025, total revenue was approximately ₹48.50 crore, with a Profit After Tax (PAT) of ₹2.15 crore.
- Quality Certifications: Holding an ISO 9001:2015 certification underscores their dedication to quality standards.
- Experienced Management: The company is led by promoters with extensive industry knowledge and a strategic vision for growth.
- Strategic Location: Being located in Jamnagar provides access to a skilled workforce and a supportive industrial ecosystem for brass products.
- Expansion Plans: The IPO proceeds are intended to fund capacity expansion and product portfolio enhancement, indicating a forward-looking growth strategy.
Risks
- Raw Material Price Volatility: Fluctuations in the prices of copper and zinc, the primary raw materials, can impact production costs and profitability.
- Dependence on Brass: A significant reliance on brass as a core material could limit diversification and make the company susceptible to market shifts specific to this metal.
- Competition: The market for brass and copper products is competitive, with pressure from both domestic and international manufacturers, as well as potential substitutes like aluminum or plastic.
- Working Capital Intensity: The metal industry often requires significant working capital for inventory management, which can pose challenges if not managed efficiently.
- Equipment Calibration and Maintenance: Lack of proper equipment calibration can lead to product inconsistencies, affecting quality and customer satisfaction.
- Rising Labor Costs: Increasing labor expenses can add to operational costs and affect profit margins.
- Inventory Levels: High inventory levels relative to monthly sales can tie up capital and increase carrying costs.
- Aggressively Priced IPO: Some analysts suggest that based on recent financial data, the IPO might be aggressively priced, which could affect immediate post-listing performance.
Krupalu Metals IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Krupalu Metals IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.
Krupalu Metals Company Address
Krupalu Metals Ltd.
Plot No 4345,
GIDC Phase-III,
Dared Udhyognagar,
Jamnagar, Gujarat, 361009
Phone: 91 7862060996
Email: compliance@krupalumetals.com
Website: http://www.krupalumetals.com/
FAQs about Krupalu Metals IPO
The IPO price is fixed at ₹72 per share.
The IPO is open for subscription from September 8, 2025, to September 10, 2025.
The minimum lot size for retail investors is 1,600 shares.
A retail investor must apply for a minimum of 2 lots, which equates to ₹2,30,400.
The funds will be used for capital expenditure on new plant and machinery (38.4%), working capital requirements (42.28%), issue-related expenses, and general corporate purposes.
The promoters are Mr. Jagdish Parsottambhai Katariya and Mr. Navinbhai Katariya.
The shares are expected to be listed on the BSE SME on September 16, 2025.
The Registrar for the IPO is Cameo Corporate Services Ltd.
Krupalu Metals has shown consistent growth. In FY 2025, it reported a revenue of ₹48.50 crores and a Profit After Tax (PAT) of ₹2.15 crores.
As of FY 2025, the company’s key performance indicators include an EPS of ₹5.38, a P/E ratio of 13.39, a Return on Net Worth (RoNW) of 35.12%, and a Debt-to-Equity ratio of 1.37.
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
