Safecure IPO...
28 Oct, 2025
Krupalu Metals IPO
The Krupalu Metals IPO is a fixed-price issue of 18,72,000 equity shares of face value ₹10 each, amounting to ₹13.48 crore. The IPO purely consists of a 100% fresh issue with no offer-for-sale, priced at ₹72 per equity share for bidding in lots of 2000 shares and in multiples. The IPO will open on Sep 8, while closing on Sep 10, 2025. The allotment of shares is likely on September 11 and listing is proposed on September 15, 2025, on the BSE SME platform. The book-running lead manager of the issue is Finshore Management Services and the registrar is Cameo Corporate Services. The issue has reserved 47.5% shares for retail and 47.4% for NIIs and 5.04% for market maker.
Company Background
Established in 2009 and headquartered in Jamnagar, Gujarat, Krupalu Metals operates an integrated manufacturing plant that produces and supplies brass and copper products such as sheets, strips, stampings, pressings and earthing products to B2B customers active in the electrical, electronics, hardware and industrial sectors. The company focuses on quality raw material sourcing and process control to ensure products with uniform mechanical and surface properties. Proximity to India's brass hub and supply ecosystem (hub and cluster) in Jamnagar provides quicker sourcing, availability of skilled labour and logistics benefits for domestic shipments and exports.
Operations & Product Range
Facility & Production
The Krupalu Metals IPO has a manufacturing plant situated in Dared Udyognagar, Jamnagar, where it carries out the sheet and strip processing, stamping and pressing to produce finished components. The funding raised through the IPO would be used for purchasing new plant and machinery to enhance the production capacity and the overall operation. Manufacturing facility features brass sheets, copper sheets, sheet cutting parts, pressed & stamped parts, washers, terminals and special components. The process steps include shearing, cutting, punching, pressing, deburring and quality control as per customers' specifications and demand.
Brands & Market Presence
Krupalu Metals IPO sells through its company brand, being a reliable supplier from the Jamnagar brass hub to Original Equipment Manufacturers (OEM), traders, and industrial buyers in India and selected export geographies. The catalog of trade directories reflects a broad list of SKUs and repetitive industrial utilities. Its customer focus and ability to deliver on time with tailored solutions and products have contributed to the development of repeat business and long-term relations, all supported by the Jamnagar network and legacy in brass craftsmanship.
Revenue Channels
- Key revenue drivers are the sale of copper and brass sheets and strips to industrial consumers and fabricators, among whom there are repeat orders for electrical and hardware fields.
- Value-added margins and stickiness with the OEM customer base are a consequence of a degree of component manufacturing (stamped/pressed parts, washers, terminals, earthing plates).
- The custom job work of sheet cutting, pressing and contract manufacturing adds up to further consumption and earnings.
- Use of Jamnagar’s network for geographic diversification allows for domestic delivery and export dispatches for some SKUs.
Management & Shareholding
Promoters & Shareholding
The Krupalu Metals IPO is closely held by promoter-family shareholders, with the IPO being 100% fresh issue, so there is no secondary dilution. Post-issue promoters will remain in control while raising funds for capex and working capital.
Board Members
The board of Krupalu Metals IPO has promoter-directors and professional executive directors in the fields of production, sales, and purchasing, along with intermediaries such as Finshore Management Services Limited, the book-running lead manager (BRLM), CAMS as registrar and Anant Securities is the market maker to the issue.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Krupalu Metals IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Krupalu Metals IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 8, 2025 to September 10, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,72,000 shares (aggregating up to ₹13.48 Cr) |
| Reserved for Market Maker | 94,400 shares (aggregating up to ₹0.6797 Cr) Anant Securities |
| Net Offered to Public | 17,77,600 shares (aggregating up to ₹12.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 58,72,000 shares |
Krupalu Metals IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 8, 2025 |
| IPO Close Date | Wed, Sep 10, 2025 |
| Tentative Allotment | Thu, Sep 11, 2025 |
| Initiation of Refunds | Fri, Sep 12, 2025 |
| Credit of Shares to Demat | Fri, Sep 12, 2025 |
| Tentative Listing Date | Mon, Sep 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 10, 2025 |
Krupalu Metals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Krupalu Metals IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | 68.12% |
Competitive Strength:
- ● Locational advantage at the Jamnagar brass cluster for availability of skilled labour, suppliers and logistics for brass and copper processing.
- ● Diversified product range from sheets/strips to pressed products, along with cross-selling possibilities and deeper customer relationships.
- ● 100% fresh issue to fund capacity expansion and working capital, supporting growth without promoter sell-down.
- ● Established presence across trade platforms and a reputation for timely, tailored deliveries to industrial buyers.
Krupalu Metals IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 20.03 | 48.5 | 2.15 | 6.12 | 8.37 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 19 | 37 | 2 | 4 | 10 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 15.25 | 33.58 | 0.42 | 2.56 | 7.44 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 48.45% |
| Debt/Equity | 1.37 |
| RoNW | 35.12% |
| PAT Margin | 4.45% |
| EBITDA Margin | 7.65% |
| Price to Book Value | 7.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.38 | 4 |
| P/E (x) | 13.39 | 20 |
IPO Objectives
- Fund capital expenditure for additional plant and machinery to expand capacity and improve operational efficiency.
- To boost working capital to meet an increase in throughput and order books and aid in the stabilization of procurement and production cycles.
- Cover issue-related costs and contribute to general corporate purposes to strengthen its organization.
Conclusion
Krupalu Metals IPO provides an opportunity to invest in a Jamnagar-based manufacturer of brass and copper with a diversified product suite, alongside a capacity expansion plan using net proceeds with a fixed price, smaller issue size and a clear timeline for investors looking to play the SME industrial card. With location-based benefits, value-added ingredients and a capex-plus-working-capital investment plan, the company seeks to expand its scale and delivery reliability in a structurally stable industrial demand environment.
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Frequently asked Questions (FAQs )
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What are the Krupalu Metals IPO dates and listing plan?
The IPO opens on September 8 and closes on September 10, with allotment on September 11, refunds/credit on September 12, and a tentative listing on September 15 on BSE SME.
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How big is the Krupalu Metals IPO and what is its structure?
The issue totals about ₹13.48 crore via a 100% fresh issue of 18,72,000 shares, with no OFS.
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Who are the intermediaries?
Finshore Management Services is the BRLM, Cameo Corporate Services is the registrar, and Anant Securities is the market maker.
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What does the company manufacture?
The company makes brass and copper sheets, strips, stamped/pressed parts, washers, terminals, earthing plates, and custom components from its Jamnagar facility.
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