Krupalu Metals IPO

About Krupalu Metals IPO

The offer consists of a fresh issue component. The fresh issue will include 18,72,000 equity shares aggregating to ₹13.48 crore. The total number of shares is 18,72,000 and the aggregate amount is ₹13.48 crore.

Krupalu Metals Limited specialises in the manufacturing of sheets and metal components, offering a wide range of services including casting and machining to deliver good quality components. With expertise in efficiently producing complex, customised sheet metal and metal components, they ensure that every product meets the specific needs and demands of their clients. They leverage economies of scale and optimise the use of raw materials to maintain competitive pricing, allowing them to offer cost-effective solutions without compromising on quality. This approach not only enhances their market position but also drives operational efficiency across all stages of production.

Objectives of Krupalu Metals IPO

• Funding capital expenditure towards the purchase of additional plant and machinery.
• To meet working capital requirements.
• To meet the issue expenses.
• General corporate purposes.

Industry Outlook

Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16–17% of India’s GDP pre-pandemic and is projected to be one of the fastest-growing sectors. With 17% of the nation’s GDP and over 27.3 million workers, the manufacturing sector plays a significant role in the Indian economy. Through the implementation of different programmes and policies, the Indian government hopes to have 25% of the economy’s output come from manufacturing by 2025.

India’s capital goods manufacturing industry serves as a strong base for its engagement across sectors such as engineering, construction, infrastructure, and consumer goods, amongst others. The engineering sector is the largest of the industrial sectors in India. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations. Demand for engineering sector services is being driven by capacity expansion in industries like infrastructure, electricity, mining, oil and gas, refinery, steel, automobiles, and consumer durables.

Company Information

Krupalu Metals Limited is engaged in the manufacturing of a wide range of brass and copper products. The company specializes in producing brass and copper sheets and strips, metal components, and providing various job work services. These metal components include cutting components, inserts, pipe fittings, profiles, terminals, electrical components, bus bars, and many other customized products. In addition to its manufacturing capabilities, the company also trades raw materials, ensuring that it has access to a diverse range of metal products to meet the specific requirements of its customers across different industries.

The factory and registered office of the company are situated at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat, India, 361009. The premises, where the company's operations are based, are under a 99-year lease agreement between the Gujarat Industrial Development Corporation (GIDC) and Krupalu Metals Pvt Limited. This lease agreement is renewable with mutual consent between both parties, providing the company with long-term stability for its manufacturing operations.

With over 13 years of experience in manufacturing and supplying metal sheets and components, the promoters bring deep industry knowledge and expertise to the company. Their understanding of market trends and demand has enabled the company to meet the needs of a wide array of industries. This industry insight, combined with the dedication of the company's skilled workforce, has allowed Krupalu Metals to expand significantly in its field. The company’s growth is a direct result of the dynamic leadership and strategic vision of its promoters and directors, who continue to guide the company toward greater success.

Strengths of Krupalu Metals IPO

• Experienced management and a well-trained employee base.
• Existing client relationships.
• Quality assurance and standards.
• Expertise and vast industry experience.
• Innovative ideas.

Risks of Krupalu Metals IPO

• Any delay in placing orders or procurement of plant and machinery.
• Any reduction in demand or in the manufacturing of sheets (brass & copper).
• Geographical concentration of their manufacturing facilities in Gujarat.
• Negative cash flows in the past. Recurrence can impact the business
• Delays or defaults in customer payments.

#Considering the nature and size of business of the Company, the peers may not be exactly comparable. Hence a strict comparison is not possible. However, the above companies have been included for broader comparison.

^ Based on full completed financial year ended on March 31, 2025 on Restated basis.

*Source for Peer Companies: Annual Reports and stock exchange data (figures as on March 31, 2025) **CMP as on 22/08/2025 for Peer Group and IPO price for Issuer Company.

Anchor Investor Bidding Date: TBA

Registrar: Cameo Corporate Services Limited Book Running Lead Managers: Finshore Management Services Limited

Business Model

The company earns its revenue through producing brass and copper sheets and strips, metal components, and providing various job work services.

Company Growth Trajectory

In fiscal 2025, fiscal 2024 and fiscal 2023, the company generated total income of ₹48.50 crore, ₹37.12 crore and ₹33.58 crore respectively, EBITDA (operating profit) of ₹3.70 crore, ₹2.57 crore and ₹1.08 crore respectively and net profit after tax of ₹2.15 crore, ₹1.55 crore and ₹0.42 crore respectively. They have reported Return on Net Worth of 35.12%, 38.06% and 16.33% for fiscal 2025, fiscal 2024 and fiscal 2023 respectively.

The net revenue from operations has increased to ₹48.39 crore (99.77% of the total revenue) in FY 2024-25, up from ₹37.11 crore (99.97% of the total revenue) in FY 2023-24. This represents an increase of 30.39% for the said period. The growth was primarily attributable to increased demand for sheets and metal components, strengthening of the customer base, and improved operational efficiency, which collectively contributed to higher sales volumes. Furthermore, the company saw an expansion in its customer base across multiple states.

The other income of the company for FY 2024-25 increased to ₹0.11 crore (0.23% of the total revenue) as against ₹0.01 crore (0.03% of the total revenue) in FY 2023-24. This increase was primarily due to the interest received on the excise refund.

The restated profit after tax for FY 2024-25 increased to ₹2.15 crore (4.44% of total income) as against ₹1.55 crore (4.17% of total income) in FY 2023-24. Profit after tax increased by ₹0.60 crore.

Company Market Position

With over 13 years of experience in manufacturing and supplying metal sheets and components, the promoters bring deep industry knowledge and expertise to the company. Their understanding of market trends and demand has enabled the company to meet the needs of a wide array of industries. This industry insight, combined with the dedication of the company's skilled workforce, has allowed Krupalu Metals to expand significantly in its field.

As on 31st March, 2025, the company’s Total Income, Profit After Tax, and EBITDA stood at ₹48.496 crores, ₹2.151 crores, and ₹3.703 crores, respectively.

How to check the allotment status of Krupalu Metals IPO?

1. Visit the Registrar's Website To check the IPO allotment status for Krupalu Metals Limited IPO, visit the official website of Cameo Corporate Services Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
• Choose 'Krupalu Metals Limited' in the next dropdown
• Enter your application number
• Enter your PAN
• Click 'Search'

Your Krupalu Metals Limited IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Krupalu Metals Limited IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
• PAN

Then click 'Submit'. Your Krupalu Metals Limited IPO bid and allotment details will be displayed.

How to apply for Krupalu Metals IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.