Krupalu Metals IPO Subscribed 0.08x on Day 1
Krupalu Metals IPO was subscribed 0.08 times on the first day, September 8, 2025, by 5:00 PM.
In terms of category-wise subscription, the QIB portion remained unsubscribed, the NII portion was subscribed 0.01 times, while the Retail Investors’ portion stood at 0.16 times. Overall, the IPO received bids for 1,45,600 shares against 17,77,600 shares available on day one.
Founded in 2012, Krupalu Metals Limited is engaged in the manufacturing of a wide range of brass and copper products. Its core offerings include brass and copper sheets, strips, and components such as inserts, pipe fittings, terminals, bus bars, and customized items. Additionally, the company provides various job work services.
The company’s manufacturing facility is located at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat – 361009, where it produces high-quality brass and copper products.
Key strengths of the company include an experienced management team, a skilled workforce, long-standing client relationships, strict quality assurance standards, technical expertise, vast industry knowledge, and innovative product ideas.
In FY 2025, the company reported revenue of ₹48.50 crores compared to ₹37.12 crores in FY 2024. Net profit increased to ₹2.15 crores in 2025 from ₹1.55 crores in 2024.
As of Monday, September 8, 2025, the Grey Market Premium (GMP) was ₹0. This indicates that the IPO was trading at ₹72 in the grey market, equal to its issue price of ₹72.
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