Krupalu Metals IPO Review, Details, Price, GMP, and Allotment
The SME IPO segment continues to be a hotbed of activity, and the latest company to enter the public market is Krupalu Metals Limited. This Jamnagar-based manufacturer of brass and copper products is a key player in its niche, and its IPO has opened for subscription. This detailed blog post provides a comprehensive review, covering all essential details, financial performance, and a final outlook to help you make an informed investment decision.
About Krupalu Metals Limited
Established in 2009, Krupalu Metals is a prominent manufacturer and supplier of a wide range of brass and copper products. The company specializes in producing sheets, strips, and various metal components like cutting components, inserts, pipe fittings, and terminals. Located in Jamnagar, Gujarat, a well-known hub for brass manufacturing, the company benefits from a strategic location with a ready supply of skilled labor and raw materials. Krupalu Metals is ISO 9001:2015 certified, highlighting its commitment to quality and a growing presence in both domestic and international markets.
Krupalu Metals IPO Details
The Krupalu Metals IPO is a fixed-price issue of ₹13.48 crore. The entire offering consists of a fresh issue of 18.72 lakh equity shares, with no offer for sale (OFS) component. This means that all the proceeds from the IPO will go directly to the company, a positive signal for investors as the funds will be used for business growth and expansion. The shares are proposed to be listed on the BSE SME platform.
Objectives of the IPO
The company plans to use the net proceeds from the IPO for the following purposes:
- Funding capital expenditure for the purchase of additional plant and machinery.
- Meeting working capital requirements to support business operations.
- General corporate purposes.
Krupalu Metals IPO Dates and Price
Here are the crucial dates and pricing details for the IPO:
Key Dates (Tentative)
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 8, 2025 |
| IPO Close Date | September 11, 2025 |
| Basis of Allotment Finalization | September 12, 2025 |
| Initiation of Refunds | September 15, 2025 |
| Credit of Shares to Demat Account | September 15, 2025 |
| IPO Listing Date | September 16, 2025 |
Price and Lot Size
| Details | Information |
|---|---|
| Issue Price | ₹72 per equity share |
| Minimum Lot Size (Retail) | 1,600 shares |
| Minimum Investment (Retail) | ₹1,15,200 |
Krupalu Metals IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) is an unofficial indicator that reflects the market's sentiment towards an IPO before its listing. For the Krupalu Metals IPO, the GMP has been flat at zero, suggesting a cautious sentiment among investors regarding potential listing gains. This indicates that the market does not expect the stock to list at a significant premium. While GMP is not a definitive measure, a flat GMP may lead investors who are focused on short-term listing gains to adopt a wait-and-watch approach. However, it's important to evaluate the company's fundamentals for a long-term investment perspective.
Krupalu Metals IPO Allotment Status
After the IPO closes, the allotment status will be finalized. The official registrar for this IPO is Cameo Corporate Services Limited. Investors can check their allotment status on the registrar's website by using their PAN number or application ID. The allotment is expected to be finalized on September 12, 2025, with refunds initiated and shares credited to demat accounts on September 15, 2025.
Review and Financials
Krupalu Metals has shown consistent growth in its financial performance. For the fiscal year ending March 31, 2025, the company reported a revenue of ₹48.50 crore, a significant increase from the previous year. The Profit After Tax (PAT) also saw a healthy rise to ₹2.15 crore. The company's financials indicate a steady top-line and bottom-line growth. The company's focus on expanding its manufacturing capacity and its strong track record in the Jamnagar brass cluster provide a solid foundation for future growth. However, the issue appears aggressively priced based on recent earnings, and the small equity base post-IPO suggests that it may take some time for the company to migrate to the main board. Well-informed and cash-surplus investors may consider this as a long-term investment.
Frequently Asked Questions (FAQs)
Krupalu Metals is engaged in the manufacturing and trading of a wide range of brass and copper products, including sheets, strips, and various metal components.
The IPO opened on September 8, 2025, and will close on September 11, 2025.
The minimum investment for a retail investor is ₹1,15,200 for a lot of 1,600 shares.
You can check the allotment status on the website of the official registrar, Cameo Corporate Services Limited, after the allotment is finalized on September 12, 2025.
The shares are proposed to be listed on the BSE SME platform on September 16, 2025.
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