Krupalu Metals IPO Subscribed 0.39x on Day 3
Krupalu Metals IPO was subscribed 0.39 times overall by 5:00 PM on the third day (10 September 2025) of the issue.
The company received bids for 6,96,000 shares against the 17,77,600 shares on offer by the end of Day 3.
Earlier, the IPO was subscribed 0.18x on Day 2 and 0.08x on Day 1, showing a gradual increase in interest from investors.
Krupalu Metals Limited, incorporated in 2012, manufactures a wide range of brass and copper products.
Its core products include brass and copper sheets, strips, inserts, pipe fittings, terminals, bus bars, and custom-made components.
The company also offers various job-work services for clients who need specialized metal processing.
The state-of-the-art manufacturing facility is located at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat – 361009.
This facility is equipped with modern machinery and a stringent quality-assurance system to produce high-grade brass and copper items.
Competitive strengths include:
Krupalu Metals reported a revenue of ₹48.50 crores in FY 2025, up from ₹37.12 crores in FY 2024, reflecting healthy year-on-year growth.
Net profit also improved to ₹2.15 crores in FY 2025 compared with ₹1.55 crores in FY 2024.
The company maintains a steady margin profile and continues to invest in production efficiency to support future expansion.
As of Wednesday, 10 September 2025, the grey market premium (GMP) stood at ₹0, meaning the IPO was trading at par with the issue price of ₹72 per share with no premium or discount in the unofficial market.
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