Aluminium products manufacturer Sharvaya Metals Ltd is set to launch its initial public offering (IPO) on September 4, 2025, with a price band of ₹192-196 per share. The issue will remain open for subscription until September 9.
The IPO allotment will be finalized on September 10, and the company’s shares are scheduled to be listed on the BSE SME platform from September 12.
IPO Details
- Issue Size (Revised): 30 lakh shares (reduced from 40 lakh)
- Fresh Issue: 25 lakh shares
- Offer for Sale (OFS): 5 lakh shares by promoter Shreyans Katariya
- Total Fundraise: Approx. ₹58.8 crore
The net proceeds will be used to meet working capital needs, fund the purchase of plant and machinery, and cover general corporate purposes.
Company Profile
Sharvaya Metals, headquartered in Ahmednagar, Maharashtra, specializes in:
- Aluminium alloyed ingots
- Billets, slabs, sheets, and circles
- EV battery cases
Its products cater to diverse industries, including cookware, consumer appliances, electric vehicles, LED lighting, aviation, defence, automotive, extrusions, and construction.
Industry Position
The company faces competition from listed peers such as Maan Aluminium, Manaksia Aluminium, and Baheti Recycling Industries.
IPO Manager
The issue is being managed by Expert Global Consultants.
