The initial public offer (IPO) of Sharvaya Metals received bids for 29,95,200 shares as against 21,46,800 shares on offer, as per BSE data as of 17:00 hours on Thursday (4 September 2025). The issue was subscribed 1.39 times.
The issue opened for bidding on Thursday (4 September 2025) and it will close on Tuesday (9 September 2025). The price of the IPO is fixed between Rs 192– Rs 196 per share. The minimum order quantity is 600 equity shares. The equity shares will list on BSE’s SME platform.
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The IPO comprises fresh issue of 25,00,000 shares and offer for sales up to 5,00,000 equity shares. About 1,50,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 28,50,000 equity shares. The issue and the net issue will constitute 29.91% and 28.41% respectively of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirements, funding civil construction and electrification, capital expenditure for purchase of plant & machinery and general corporate purposes.
Sharvaya Metals engaged in the business of providing aluminium products to both domestic and international customers. The company has product range, which includes the manufacturing of aluminium alloyed ingots, aluminium billets, aluminium slabs, aluminium sheets, aluminium circles and battery housing of EV’s. The firm’s products find application across various industries including cookware, consumer appliances, electric vehicle, LED, aviation, defence, automotive, extrusions, constructions etc. As on 31st March 2025, the company has 30 employees
Ahead of the IPO, Sharvaya Metals on Wednesday, 3 September 2025, raised Rs 16.72 crore from anchor investors. The board allotted 8.53 lakh shares at Rs 196 each to 7 anchor investors.
The company recorded revenue from operations of Rs 112.51 crore and net profit of Rs 12.50 crore for the period ended 31 March 2025.