Here’s a comprehensive overview of the Krupalu Metals Limited IPO, based on the most recent and available information as of early September 2025:
Incorporation: Founded in 2009 as “Krupalu Engineering Services Pvt Ltd.”, renamed and converted to public entity later.
Location: Based in Jamnagar, Gujarat—a key industrial hub for brass and copper products.
IPO Dates
- Opening Date: 08 September 2025
- Closing Date: 10 September 2025
- Basis of Allotment Finalization: 11 September 2025
- Refunds Initiated: 12 September 2025
- Shares Credited to Demat Accounts: 12 September 2025
- Listing Date (BSE SME): 15 September 202
IPO Details
- Face Value: ₹10 per share
- Issue Price: ₹72 per equity share
- Lot Size: 1,600 shares per lot
- Total Issue Size: 18,72,000 shares
- Issue Type: Fixed Price IPO
- Listing At: BSE SME
- Share Holding Pre Issue: 40,00,000 shares
- Share Holding Post Issue: 58,72,000 shares
GMP of Krupalu Metals Limited IPO
Here’s the current Grey Market Premium (GMP) status for the Krupalu Metals Limited IPO:
As of September 4, 2025, the GMP for Krupalu Metals IPO is listed as ₹– (not available or ₹0), indicating that no active grey market price is being quoted at the moment,
Promoters of Krupalu Metals Limited
Here are the promoter details for Krupalu Metals Limited, based on the most reliable sources available as of now:
The promoters of the company are Mr. Jagdish Parsottambhai Katariya and Mr. Navinbhai Katariya.
Mr. Jagdish Parsottambhai Katariya
- Serves as a Director in the company.
- His experience lies in the Sales & Procurement Department of Krupalu Metals Limited.
Additional personal details:
- Date of Birth: 29 September 1971
- Education: Completed up to 11th grade
- Address: 58 Digvijay Plot, near Narosh Steel, Hinglaj Chowk, Jamnagar, Gujarat
- Occupation: Business
Mr. Navinbhai Parsottambhai Katariya
- Also serves as a Director in the company.
- Responsible for the Production Department.
Key personal details:
- Date of Birth: 8 December 1973
- Education: Up to 9th grade
- Address: Same as Jagdish Katariya—Jamnagar, Gujarat
- Occupation: Business
Summary Table
| Promoter | Role | Department | Education | DOB |
|---|---|---|---|---|
| Jagdish Parsottambhai Katariya | Director | Sales & Procurement | 11th grade | 29-Sep-1971 |
| Navinbhai Parsottambhai Katariya | Director | Production | 9th grade | 8-Dec-1973 |
Krupalu Metals Limited IPO Lot Size
Here are the Krupalu Metals Limited IPO Lot Size details:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Lot Size Details
- IPO Price: ₹72 per share
- Market Lot: 1,600 shares
- Minimum Investment (Retail): ₹1,15,200 (1 lot)
- Maximum Investment (Retail): ₹1,15,200 (since retail can apply only 1 lot in SME IPOs)
Krupalu Metals Limited IPO Promoter Holding
Here are the promoter holding details for Krupalu Metals Limited IPO, based on the most reliable and up-to-date sources:
| Ownership Stage | Holding Percentage |
|---|---|
| Pre-IPO (Pre Offer) | 100.00 % |
| Post-IPO (Post Offer) | 31.88 % |
- Pre-IPO: Before the fresh issue, the promoters (Mr. Jagdish Parsottambhai Katariya and Mr. Navinbhai Katariya) held 100% of the equity capital.
- Post-IPO: After the IPO, the promoters’ shareholding will be diluted to 31.88% of the expanded post-issue paid-up capital.
About Krupalu Metals Limited
Name: Krupalu Metals Limited
Founded: 2009 (originally as Krupalu Engineering Services Pvt Ltd)
Converted to Public Limited: 2024
Headquartered in Jamnagar, Gujarat—often called India’s “Brass City”—the company operates a modern manufacturing facility drawing upon advanced infrastructure and expert craftsmanship.
Its product offerings span:
- Brass and copper sheets & strips
- Sheet metal components, including cutting inserts, press parts, and terminals
- Brass washers, custom-engineered to international standards like DIN, ASTM, and BS
The company prides itself on quality—sourcing premium copper and zinc from reputable vendors and maintaining ISO 9001:2015 certificatio.
Operations & Production Capabilities
Located in GIDC Phase-3, Dared, Jamnagar, the company utilizes a mix of automated and semi-automated production lines, with:
- Four production lines
- Monthly output capacity: approximately 150 tons
- Competitive advantages: client-centric approach, ethical practices, extensive distribution network, and strong infrastructure
Industries Served
Krupalu Metals caters to a broad range of sectors, including:
- Automotive
- Construction
- Oil & Gas
- Water Treatment
- Agriculture
- Electronics & Electricals
Their components are versatile—used in lighting, telecom, machinery, sanitary fittings, cable accessories, and more.
Summary Table
| Category | Details |
|---|---|
| Established | 2009 (as private), became public in 2024 |
| Headquarters | Jamnagar, Gujarat (GIDC Phase-3, Dared) |
| Products | Brass & copper sheets, components, washers, press parts |
| Capacity | 4 production lines, ~150 tons/month |
| Certifications | ISO 9001:2015 |
| Key Markets | Auto, construction, electronics, telecom, agriculture, water & oil & gas |
Krupalu Metals Limited Financial Information
Here’s a detailed, neatly formatted financial snapshot of Krupalu Metals Limited, drawn from the latest IPO filings and financial disclosures:
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹20.03 Crore | ₹19.46 Crore | ₹15.25 Crore |
| Total Income | ₹48.50 Crore | ₹37.12 Crore | ₹33.58 Crore |
| Profit After Tax | ₹2.15 Crore | ₹1.55 Crore | ₹0.42 Crore |
| EBITDA | ₹3.70 Crore | ₹2.57 Crore | ₹1.08 Crore |
| Net Worth | ₹6.12 Crore | ₹4.06 Crore | ₹2.56 Crore |
| Reserves and Surplus | ₹2.12 Crore | ₹1.66 Crore | ₹0.16 Crore |
| Total Borrowing | ₹8.37 Crore | ₹9.57 Crore | ₹7.44 Crore |
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPIs) for Krupalu Metals Limited, as detailed in its IPO disclosures:
Key Performance Indicators (KPIs)
| KPI | 2025 Value |
|---|---|
| Return on Net Worth (RoNW) | 35.12 % |
| Return on Capital Employed (RoCE) | 48.45 % |
| EBITDA Margin | 7.65 % |
| PAT Margin | 4.45 % |
| Debt-to-Equity Ratio | 1.37 |
| Earnings Per Share (EPS) | ₹5.38 (Basic) |
| Price-to-Earnings (P/E) Ratio | 13.39× |
| Net Asset Value (NAV) per Share | ₹15.31 |
Interpretation & Context
- RoNW at 35.12 % shows strong profitability relative to shareholders’ equity.
- RoCE at 48.45 % underscores highly efficient use of capital to generate earnings.
- EBITDA margin (7.65 %) and PAT margin (4.45 %) indicate solid margin improvement and improved operational control.
- Moderate leverage (Debt-to-Equity at 1.37) signals reliance on debt financing, but compresses under control given high returns.
- EPS of ₹5.38 and P/E at ~13.4× suggest the IPO is priced at a reasonable multiple, reflective of its financial performance.
- NAV per share ₹15.31 helps assess how the IPO price stacks up against the company’s intrinsic book value.
Summary Insights
Krupalu Metals Limited displays compelling financial efficiency and strong returns on both equity and capital. Its margins are healthy for an SME manufacturing company, backed by a balanced debt structure. Valuation metrics—P/E and NAV—appear moderate, supporting investor confidence in its growth trajectory.
Strengths of Krupalu Metals Limited IPO
1) Proven Financial Performance
- Robust growth in revenue and PAT: Revenue jumped from ₹33.58 cr in 2023 to ~₹48.50 cr in 2025; PAT surged from ₹0.42 cr to ₹2.15 cr over the same period.
2) Strategic Location & Quality Focus
- Located in Jamnagar, Gujarat, known as India’s “Brass City”, giving the company access to raw materials, infrastructure, and industrial networks.
3) Strong Promoter Expertise & Product Diversity
- Managed by experienced promoters who combine business acumen with technical know-how in brass and copper manufacturing.
4) Growth-Focused Use of IPO Proceeds
- Funds are earmarked for strategic expansion—capital expenditure for new machinery, working capital, and corporate purposes—positioning the company for scalability.
Risks of Krupalu Metals Limited IPO
1) Raw Material Price Volatility
- Business performance is susceptible to fluctuations in brass and copper prices, which can erode profitability.
2) Geographic & Client Concentration
- Operations are concentrated at a single manufacturing facility in Gujarat, raising potential supply chain or regional risk vulnerabilities.
3) Competitive & Market Risks
- Faces stiff competition from both organized and unorganized players, which may limit margins or market share growth.
4) SME Listing & Liquidity Constraints
- As an SME IPO, shares have limited liquidity and must be traded in fixed lot sizes, which can dilute investor flexibility and affect post-listing mobility.
5) Typical SME Risks in Listing Execution
- Potential risk of listing delays or volatility as SME listings can be less predictable.
Summary Table
| Strengths | Risks |
|---|---|
| Strong revenue & profit growth | Exposure to raw material price fluctuations |
| High margins and return metrics | Concentration in a single facility |
| ISO-certified quality & strategic location | Client concentration and volatile demand |
| Diverse product mix across sectors | Intense competition in metal manufacturing |
| Experienced promoters & scalable growth plans | SME listing liquidity constraints and trade lot limitations |
| Clear use of IPO funds for expansion | Execution risks, including logistics, fund deployment, and financial stability |
Krupalu Metals Limited Contact Details
Here are the contact details for Krupalu Metals Limited, including their corporate office info as well as IPO-related point of contact:
Corporate Office – Manufacturing & General Enquiries
Address:
Plot No. 4345, Road-A, GIDC Phase-3, Dared, Jamnagar – 361 004 (or 361 009), Gujarat, India
Phone Numbers:
- Technical Support: +91 90331 11112
- Factory: +91 83479 89000
- General Line: +91 288-2731138
Email:
- Primary Contact: info@krupalumetals.com
IPO-Specific Contact Details
As per IPO announcements and official filings, the company designated the following contact:
Contact Person: Mr. Vasant Kuber Soni
Address: Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat – 361 009, India
Phone: +91 78620 60996
Email: compliance@krupalumetals.com
Summary Table
| Purpose | Contact |
|---|---|
| General / Technical Enquiries | Plot No. 4345, GIDC Phase-3, Dared, Jamnagar – 361 004 / 004 Phone: +91 288-2731138, Technical: +91 90331 11112, Factory: +91 83479 89000 Email: info@krupalumetals.com |
| IPO-Related Correspondence | Same address (361 009) Phone: +91 78620 60996 Email: compliance@krupalumetals.com |
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