Sharvaya Metals IPO has captured the interest of investors ahead of its subscription period from September 4 to 9, 2025. Founded in 2014, Sharvaya Metals is a major manufacturer of aluminium products, supplying the domestic and international markets. The firm opened its plant in Ahmednagar in 2017, producing alloy ingots, billets, slabs, sheets, circles and electric vehicle (EV) battery housings specialised to meet the requirements of the “structural integrity and safety" of the cells.
IPO overview and valuation
The issue consists of 3,000,000 shares, worth INR 57.60 to 58.80 crore (USD 6.9 to 7.1 million). The price band is INR 192 to 196 (USD 2.31 to 2.36), and the minimum bid consists of 600 shares ( INR 1,17,600 or USD 1332); the IPO will be offered to retail and institutional investors through BSE SME Listing. Of the 3,000,000 shares, 2,500,000 are fresh issues and 500,000 are an offer for sale.
On the financial side, the company’s revenue increased from INR 71.45 crore (USD 8.6 million) in FY24 to ₹112.52 crore (USD 13.55 million) in FY25, and net profit improved markedly to INR 12.51 crore (USD 1.51 million) from only ₹1.54 crore (USD 174,582) in the prior year. This performance signifies better operating leverage. Nevertheless, as the IPO grey market premium (GMP) and kostak rates are not available, the possibilities of price discovery will depend on the listing day happenings.
Aluminium’s innovation edge
For investors, Sharvaya provides exposure to a niche but developing aluminium play within the context of India's industrial supply chain. With strong FY25 earnings, OEM linkages, and a circular economy push, the IPO is worth noting. The absence of GMP adds caution until the market sentiment normalises.
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