Sharvaya Metals IPO subscribed 1.50x on Day 1
Sharvaya Metals IPO was subscribed 1.50 times on the very first day of bidding, as of 5:00 PM on September 4, 2025.
In terms of investor categories, the QIB portion was booked 0.90 times, the NII segment saw 1.25 times subscription, while the RII quota was subscribed 1.95 times. Overall, the company received bids for 29,95,200 shares against the 19,96,800 shares offered on day one.
Aluminium has become one of the most essential materials in today’s world, particularly due to its wide applications in electrical transmission, heat exchange, and modern industries. Sharvaya Metals Limited stands out as a leading manufacturer, supplier, and exporter of aluminium products, including alloyed ingots, billets, slabs, sheets, and EV battery enclosures.
The company caters to both domestic and international clients across sectors such as automotive engineering, electric vehicles (including OEM suppliers and Tier-1 vendors), and LED lighting. Its product portfolio also includes aluminium sheets and circles, billets, alloyed ingots, and extrusion dies. Sharvaya Metals emphasizes quality and compliance with industry standards while also offering flexibility to meet customized client requirements.
On the financial side, the company has shown consistent growth. Revenue from operations increased from ₹4,080.14 lakhs in FY 2022 to ₹7,145.35 lakhs in FY 2024, while net profit grew from ₹39.53 lakhs to ₹180.24 lakhs during the same period.
For FY 2025, the company reported revenue of ₹112.76 crores compared to ₹71.58 crores in FY 2024. Net profit also rose significantly to ₹12.51 crores in FY 2025 from ₹1.80 crores in FY 2024.
As of Thursday, September 4, 2025, the Sharvaya Metals IPO was commanding a Grey Market Premium (GMP) of ₹26. This indicates that the IPO was trading at ₹222 in the grey market, reflecting a ₹26 premium over the issue price of ₹196.
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