Sharvaya Metals IPO subscribed 2.98x on Day 3
Sharvaya Metals IPO was subscribed 2.98 times on the final day, September 8, 2025, by 5:00 PM.
Category-wise, the QIB portion was subscribed 0.90 times, the NII portion 2.58 times, and the Retail Investors’ portion 4.35 times. Overall, the IPO received bids for 59,56,200 shares against 19,96,800 shares on offer.
By day three, the IPO reached 2.98 times subscription, compared to 1.67 times on day two and 1.50 times on day one.
Aluminium plays a vital role in today’s generation due to its versatility, particularly in electrical transmission and heat exchange. Sharvaya Metals Limited is one of the leading companies engaged in the manufacturing, supply, and export of aluminium products such as alloyed ingots, billets, slabs, sheets, and electric vehicle battery enclosures.
The company caters to both domestic and international markets, serving industries like automotive engineering, electric vehicles, OEM suppliers, tier-one vendors, and LED light manufacturers. Its product portfolio includes Aluminium Sheets and Circles, Aluminium Billets, Aluminium Alloyed Ingots, and Aluminium Extrusion Dies.
Sharvaya Metals is committed to maintaining high quality and adherence to industry standards, while also being flexible to meet specific customer requirements. Financially, the company has shown consistent growth, with revenue rising from ₹4,080.14 lakhs in FY 2022 to ₹7,145.35 lakhs in FY 2024, and net profit increasing from ₹39.53 lakhs to ₹180.24 lakhs during the same period.
In FY 2025, the company reported revenue of ₹112.76 crores, compared to ₹71.58 crores in FY 2024. Net profit stood at ₹12.51 crores in 2025, up from ₹1.80 crores in 2024.
As of Monday, September 8, 2025, the Grey Market Premium (GMP) stood at ₹23. This indicates that the IPO was trading at ₹219 in the grey market, reflecting a ₹23 premium over the issue price of ₹196.
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