Sharvaya Metals IPO

About Sharvaya Metals IPO

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 25,00,000 equity shares aggregating up to ₹49.00 crores. The offer for sale portion includes up to 5,00,000 equity shares aggregating up to ₹9.80 crores. The total number of shares is 30,00,000 and the aggregate amount is ₹58.80.

Sharvaya Metals Limited is focused on consistently expanding their product portfolio by developing new designs. The company works closely with their customers to obtain insights and feedback on upcoming trends in the industry, which enables them to develop and improve their products to fulfil the requirements of the market. These products are designed to cater to various applications, specifically focusing on meeting the requirements of the automobile, engineering, and electric vehicle sectors. Presently, they serve customers from OEM suppliers in the cookware industries, while in the automobile sector they supply directly to tier-one vendors and supply aluminium ingots to LED light manufacturing companies.

Objective of Sharvaya Metals IPO

• To meet the working capital requirements.
• To fund capital expenditure for civil construction and electrification.
• To fund capital expenditure for the purchase of plant and machinery.
• General corporate purposes.

Industry Outlook

Indian aluminium demand remained resilient in the financial year 2023-24 with an increase in domestic consumption by 12% compared to the financial year 2022-23. Similarly, production of the metal also increased in the financial year 2023-24 by 2.20% compared to the financial year 2022-23. As per the RBI, India’s GDP growth outlook is expected to be 7.0% YoY for the financial year 2024-25 as compared to 7.6% in the financial year 2023-24 and inflation is expected to moderate to 4.5% in the financial year 2024-25 from 5.4% in the financial year 2023-24. The Indian aluminium market was valued at USD 1,128 crore in 2023, and is predicted to reach USD 1,976 crore by 2030, with a CAGR of 7.6% from 2024 to 2030.

ICRA has estimated that the domestic aluminium demand growth will remain healthy at 9 percent annually through the financial year 2023-24 and the financial year 2024-25. This growth is driven by several factors including the Indian government's massive infrastructure development plans, growing urbanisation levels and initiatives like housing for all schemes, as well as investment in the metro rail network and aluminium-bodied Vande Bharat trains.

Company Information

Sharvaya Metals Limited is engaged in the business of providing aluminium products to both domestic and international customers. The company has been in existence for more than ten (10) years and they started their manufacturing unit in the year 2017. They have an extensive product range, which includes the manufacturing of aluminium alloyed ingots, aluminium billets, aluminium slabs, aluminium sheets, aluminium circles and Electric Vehicle (EV) battery housing, also known as a battery case or battery enclosure, that protects the battery cells from damage and provides structural support.

Their products find application across various industries including cookware, consumer appliances, electric vehicle, LED, aviation, defence, automotive, extrusions, construction etc. They work with direct OEMs and suppliers to the OEMs as customers. They operate out of their manufacturing unit located at Gat No 59, 17th KM Stone, Vill. Bhalwani, Nagar-Kalyan Highway, Tal. Parner, Dist. Ahmednagar, Maharashtra, India. Their manufacturing unit is strategically located with availability of transportation, skilled labour, water, electricity etc. Their manufacturing unit provides products to their customers as per defined industry standards. They provide tailor-made products also as per customer requirements.

The company has experience of meeting critical and stringent requirements of their customers like manufacturing aluminium alloyed ingots required for high pressure die castings, billets required for the aluminium extrusions industry and aluminium sheets & circles required primarily for the utensils and cookware industry. Their unit is supported by infrastructure for storage of raw materials, manufacturing of their products, storage of finished goods, together with quality control and an R&D laboratory.

Strengths of Sharvaya Metals IPO

• Fully integrated manufacturing facility.
• Multi-product portfolio.
• Effective quality control checks.
• Customer focused.
• Optimal utilisation of resources.

Risks of Sharvaya Metals IPO

• An inability to procure the desired quality and quantity of their raw materials in a timely manner and at reasonable costs, or at all.
  
• Dependence on a few customers for a major part of their revenues.
  
• Any adverse developments affecting Middle Eastern countries, South East Asia, the USA, Canada and Australia, where their sources of raw materials are primarily concentrated.
  
• Any localised social unrest, natural disaster or breakdown of services or any other natural disaster in and around Ahmednagar where their production unit is located, or any disruption in production at, or shutdown of, their production unit.
  
• Disruption of logistics and transportation services.
  

Source: All the financial information for listed industry peers mentioned above is on a Standalone basis as available sourced from the financial Reports of the peer company uploaded on the NSE website for the period ended March 31, 2025.

Notes: 1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on August 11, 2025, divided by the Diluted EPS. 2. Net Profit after tax, as restated, divided by Net-worth, as restated at the end of the relevant period (Equity attributable to the owners of the company, excluding non-controlling interest) 3. NAV is computed as the closing net worth divided by the weighted average outstanding number of equity shares.

Anchor Investor Bidding Date: 03 September 2025

Registrar: Bigshare Services Private Limited Book Running Lead Managers: Expert Global Consultants Private Limited

Business Model

The company earns its revenue through providing aluminium products to both domestic and international customers. Its extensive product range includes the manufacture of aluminium alloyed ingots, aluminium billets, aluminium slabs, aluminium sheets, aluminium circles, and electric vehicle (EV) battery housing.

Company Growth Trajectory

The company's revenue from operations for the financial year 2024-25 is ₹112.52 crores. This represents ₹41.06 crores or a 57.47% increase compared to the previous financial year's revenue from operations of ₹71.45 crores. Most of the revenue came from the sale of aluminium products. The increase in revenue is due to an increase in sale of battery housing for electric vehicles, aluminium billets and aluminium extrusion dies. The same can be seen from the increase in capacity utilisation of electric vehicle aluminium components from 50.00% in financial year 2023-24 to 99.38% in financial year 2024-25.

Other income in the financial year 2024-25 increased by ₹0.12 crores or by 97.59%, reaching ₹0.24 crores in comparison to the ₹0.12 crores earned in the financial year 2023-24.

The profit after tax (PAT) for the financial year 2024-25 reached ₹12.51 crores, marking an increase from ₹1.54 crores in the financial year 2023-24. In the financial year 2024-25, PAT constituted 11.12% of the total revenue, in contrast to 2.15% in the fiscal year 2023-24.

Company Market Position

Their products find application across various industries including cookware, consumer appliances, electric vehicle, LED, aviation, defence, automotive, extrusions, construction etc.

As of 31st March, 2025, the company’s Total Income, Profit After Tax, and EBITDA stood at ₹ 112.759 crores, ₹12.509 crores, and ₹19.303 crores, respectively.

How to check the allotment status of Sharvaya Metals IPO?

1. Visit the Registrar's Website To check the IPO allotment status for Sharvaya Metals Limited, visit the official website of Bigshare Services Private 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 'Sharvaya Metals Limited' in the next dropdown
• Enter your application number
• Enter your PAN
• Click 'Search'

Your Sharvaya Metals Limited 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 Sharvaya Metals Limited 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 Sharvaya Metals Limited bid and allotment details will be displayed.

How to apply for the Sharvaya Metals Limited?

• 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.