In September 2025, the IPO market continues to capture investor interest with opportunities in niche sectors. Krupalu Metals Ltd IPO is set to launch on September 8, 2025, offering exposure to a growing player in the brass and copper products manufacturing industry. Below is a detailed insight into the company, its IPO, and the industry outlook.
About Krupalu Metals Ltd.
Incorporated in 2012, Krupalu Metals Limited specialises in the manufacture of a wide range of brass and copper products, including sheets, strips, rods, and components. The company serves diverse industries, producing customised metal parts for a variety of industrial applications.
- Facilities: Located in Jamnagar, Gujarat, Krupalu Metals operates a modern manufacturing plant equipped for high-quality brass and copper product production.
- Product Portfolio:
- Brass Sheets & Strips: Available in various thicknesses and finishes.
- Brass & Copper Rods: Used in industrial applications.
- Brass Washers & Stamping Parts: Precision-engineered components.
- Sheet Metal Parts: Customised pressed parts for industrial use.
- Employees: 13 permanent employees, with 40 contract-based workers.
- Promoters: Mr. Jagdish Parsottambhai Katariya and Mr. Navinbhai Katariya.
Krupalu Metals IPO Details
| IPO Date | September 8, 2025 to September 10, 2025 | |
| 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 | |
Important IPO Timeline
| Event | Date |
| IPO Open Date | September 8, 2025 (Mon) |
| IPO Close Date | September 10, 2025 (Wed) |
| Allotment Date (Tentative) | September 11, 2025 (Thu) |
| Initiation of Refunds | September 12, 2025 (Fri) |
| Credit of Shares to Demat | September 12, 2025 (Fri) |
| Listing Date (Tentative) | September 15, 2025 (Mon) |
| Cut-off time for UPI mandate confirmation | 5 PM on September 10, 2025 |
IPO Reservation
| Investor Category | Shares Offered | % of Issue |
| Market Maker | 94,400 | 5.04% |
| NII (HNI) | 8,88,000 | 47.44% |
| Retail (RII) | 8,89,600 | 47.52% |
| Total | 18,72,000 | 100.00% |
Lot Size of Krupalu Metals IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Krupalu Metals Ltd. Financials
The market capitalisation of Krupalu Metals IPO is ₹42.28 Cr.
Key Performance Indicators (FY25):
| KPI | Values |
| ROCE | 48.45% |
| Debt/Equity | 1.37 |
| RoNW | 35.12% |
| PAT Margin | 4.45% |
| EBITDA Margin | 7.65% |
| EPS (Pre IPO) | ₹5.38 |
| EPS (Post IPO) | ₹3.66 |
| P/E (Pre IPO) | 13.39x |
| P/E (Post IPO) | 19.66x |
Key Company Financials (₹ Cr):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 20.03 | 19.46 | 15.25 |
| Total Income | 48.50 | 37.12 | 33.58 |
| Profit After Tax | 2.15 | 1.55 | 0.42 |
| EBITDA | 3.70 | 2.57 | 1.08 |
| Net Worth | 6.12 | 4.06 | 2.56 |
| Reserves & Surplus | 2.12 | 1.66 | 0.16 |
| Total Borrowing | 8.37 | 9.57 | 7.44 |
Promoter Holding:
| Pre-Issue | Post-Issue |
| 100.00% | 68.12% |
Objects of the Issue
| S.No. | Purpose | Amount (₹ in Crores) |
| 1 | Capex for purchasing additional plant & machinery | ₹5.18 |
| 2 | Working capital requirements | ₹5.70 |
| 3 | Issue-related expenses | ₹1.49 |
| 4 | General corporate expenses | ₹1.10 |
Krupalu Metals Ltd.: Industry Outlook
- Brass & Copper Demand: With growing infrastructure development, the demand for brass and copper products is set to increase, especially for automotive sector, construction sector, and electrical sector.
- Manufacturing & Export Growth: Krupalu Metals benefits from its Jamnagar-based facility with strong relationships in domestic and export markets, especially for brass components.
- Capex & Modernisation: Ongoing capacity expansion and equipment upgrades will bolster future production and efficiency.
- Customisation & Innovation: Krupalu Metals’ ability to offer customised parts meets specific customer needs across industries, positioning it to leverage growing demand.
Conclusion
Krupalu Metals Ltd. presents an interesting investment opportunity in the brass and copper manufacturing sector. With a strong manufacturing base in Jamnagar and plans to expand, the company is well-placed to capitalise on growing demand across multiple sectors. However, potential investors should consider the risks related to capital intensity and debt as the company scales.
The fixed price issue offers a relatively stable entry point, but market liquidity post-listing may be a consideration for investors.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
