India’s IPO market continues to witness robust activity in 2025, with investors seeking opportunities in the industrial and manufacturing sectors. Amid rising demand for aluminium products driven by automotive, electric vehicles, and consumer appliances, Sharvaya Metals Ltd IPO is set to open on September 4, 2025. This presents an opportunity for investors to participate in a company with a strong focus on aluminium manufacturing and exports.
About Sharvaya Metals Ltd.
Incorporated in 2014, Sharvaya Metals Ltd specialises in the manufacturing, supplying, and exporting of aluminium products, including alloyed ingots, billets, slabs, sheets, and electric vehicle battery enclosures. The company serves diverse sectors such as automotive, engineering, electric vehicles, cookware, consumer appliances, and defence.
Sharvaya Metals operates a fully integrated PLC-controlled 10-ton aluminium melting furnace with advanced machinery for slab heating, rolling, cutting, and punching. Its product range includes:
- Aluminium Sheets & Circles: Customizable sizes and thicknesses for construction, lighting, and appliances.
- Aluminium Billets: High-strength billets for the global extrusion industry.
- Aluminium Alloyed Ingots: Produced from scrap or bauxite, used in automotive, electronics, machinery, and construction.
- Aluminium Extrusion Dies: H13 die steel dies for precise aluminium extrusion profiles.
The company emphasises fully integrated manufacturing, multi-product portfolio, rigorous quality control, and customer-focused operations. As of March 31, 2025, Sharvaya Metals employed 30 people.
Sharvaya Metals Ltd. IPO Details
The Sharvaya Metals IPO is a book-built issue aggregating to ₹58.80 crores, comprising:
- Fresh Issue: 0.25 crore shares aggregating to ₹49.00 crores
- Offer for Sale: 0.05 crore shares aggregating to ₹9.80 crores
The IPO will be listed on BSE SME, with Expert Global Consultants Pvt. Ltd. as the book running lead manager and Bigshare Services Pvt. Ltd. as the registrar. The market maker is Globalworth Securities Ltd.
IPO Timeline
| Event | Date |
| IPO Open Date | Sep 4, 2025 |
| IPO Close Date | Sep 9, 2025 |
| Tentative Allotment Date | Sep 10, 2025 |
| Refunds Initiated | Sep 11, 2025 |
| Credit of Shares to Demat | Sep 11, 2025 |
| Tentative Listing Date | Sep 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 9, 2025 |
Key IPO Details
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹192 – ₹196 per share |
| Lot Size | 600 shares |
| Total Issue Size | 30,00,000 shares (₹58.80 Cr) |
| Fresh Issue | 23,50,000 shares (₹46.06 Cr) |
| Offer for Sale | 5,00,000 shares (₹9.80 Cr) |
| Reserved for Market Maker | 1,50,000 shares (₹2.94 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 75,30,000 shares |
| Shareholding Post-Issue | 1,00,30,000 shares |
Sharvaya Metals IPO Reservation
| Investor Category | Shares Offered | % of Issue |
| Market Maker | 1,50,000 | 5.00% |
| QIB | 14,23,200 | 47.44% |
| NII (HNI) | 1,42,800 | 4.76% |
| Retail (RII) | 9,98,400 | 33.28% |
| Total | 30,00,000 | 100% |
Anchor Investors Details
| Event | Details |
| Anchor Bid Date | Sep 3, 2025 |
| Shares Offered | 8,53,200 |
| Amount Raised | ₹16.72 Cr |
| 50% Lock-in End | Oct 10, 2025 |
| Remaining 50% Lock-in End | Dec 9, 2025 |
Sharvaya Metals IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 1,200 | ₹2,35,200 |
| Retail (Max) | 2 | 1,200 | ₹2,35,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,52,800 |
| S-HNI (Max) | 8 | 4,800 | ₹9,40,800 |
| B-HNI (Min) | 9 | 5,400 | ₹10,58,400 |
Sharvaya Metals Ltd. Financials
Financial Highlights (₹ Crores)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 47.32 | 29.55 | 29.23 |
| Total Income | 112.76 | 71.57 | 70.53 |
| Profit After Tax | 12.51 | 1.54 | 1.95 |
| EBITDA | 19.30 | 3.56 | 3.37 |
| Net Worth | 22.78 | 7.63 | 6.09 |
| Reserves & Surplus | 15.25 | 0.40 | 3.09 |
| Total Borrowing | 14.97 | 13.47 | 14.92 |
Key Performance Indicators (KPI)
| KPI | Value |
| ROE | 54.92% |
| ROCE | 49.39% |
| Debt/Equity | 0.66 |
| RoNW | 54.92% |
| PAT Margin | 11.12% |
| EBITDA Margin | 17.16% |
Objects of the Issue
Sharvaya Metals IPO plans to utilise funds as follows:
| S.No | Purpose | Amount (₹ Crores) |
| 1 | Working Capital Requirements | 9.00 |
| 2 | Capital Expenditure for Civil Construction & Electrification | 5.17 |
| 3 | Capital Expenditure for Plant & Machinery | 20.40 |
| 4 | General Corporate Purposes | – |
Sharvaya Metals Ltd.: Industry Outlook
- The global aluminum market is witnessing strong demand, particularly in automotive, EVs, and consumer goods sectors.
- Aluminum products are increasingly preferred for lightweight, durable, and corrosion-resistant solutions.
- Government initiatives for EV adoption and infrastructure development in India are fueling aluminum demand.
- Sharvaya Metals’ focus on advanced manufacturing and multi-product offerings positions it to leverage growth opportunities.
Conclusion
Sharvaya Metals Ltd. offers investors exposure to the growing aluminium manufacturing and export industry. With a fully integrated production facility, diverse product portfolio, strong financial performance, and strategic expansion plans, the company presents a compelling IPO opportunity. Investors should, however, consider potential risks such as market cyclicality, dependence on a limited number of customers, and raw material price fluctuations.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
