Krupalu Metals Limited IPO

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Krupalu Metals Limited, originally incorporated in 2009, began as a small-scale civil engineering services provider. Over the years, the company has evolved into a leading manufacturer and supplier of brass and copper products, with a strong focus on quality, customization, and customer satisfaction.

Business Activities

Krupalu Metals is engaged in:

1. Manufacturing of a wide range of brass and copper sheets, strips, and components.

2. Customized metal components such as inserts, pipe fittings, profiles, terminals, bus bars, and electrical components.

3. Trading of raw materials, ensuring diverse product offerings to meet industry demand.

4. Job work services, manufacturing products on behalf of third parties using their raw materials.

Product Range

1. Sheets: i) Brass Sheets & Strips – durable alloy with corrosion resistance, tensile strength, used in automotive, electrical, and plumbing sectors. ii) Copper Sheets & Strips – available in soft and hard finishes, widely used in electrical wiring, semiconductors, heat sinks, and microchips.

2. Metal Components: Brass Sheet Cutting Components, Brass Inserts, Brass Pipe Fittings, Brass Profiles, Brass Terminals, Brass Electrical Components and Copper Bus Bars.

3. Byproducts: Slag and Ash from the refining process, sold to fertilizer manufacturers.

Expansion Plans

To meet growing demand, Krupalu Metals plans to invest ₹581.05 lakh in new plant and machinery. This will enhance capacity for producing brass and copper sheets of additional dimensions and expand its portfolio of metal components such as pipe fittings, terminals, bus bars, and electrical parts.

Strengths

i) Experienced Promoters with 13+ years of industry expertise and market knowledge.
ii) Strong reputation for quality and reliability, supported by ISO certification.
iii) Diverse product portfolio, catering to multiple industries including electrical, automotive, construction, and plumbing.
iv) Strategic location in Jamnagar, Gujarat, a hub for brass and copper industries.
v) Long-term operational security through a renewable 99-year lease with GIDC.

Objects of the Krupalu Metals Limited IPO:

Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: i) Funding Capital Expenditure towards purchase of additional plant and machinery (₹5.18 cr) ii) To meet Working Capital Requirements (₹5.70 cr) iii) To meet the Issue Expenses (₹1.49 cr) iv) General Corporate Purposes (1.10 cr)
DRHP of Krupalu Metals Limited IPO
RHP of Krupalu Metals Limited IPO

Krupalu Metals Limited IPO Details:

Open Date: Sep 08 2025
Close Date: Sep 10 2025
Total Shares: 18,72,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price IPO
Issue Size: 13.48 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 72 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 15 2025

Promoters And Management:

1. Mr. Jagdish Parsottambhai Katariya, aged 53 years, is the Promoter and Managing Director of the Company. He was first appointed as a Director on March 5, 2009, and was re-designated as Managing Director on August 5, 2024, for a term of three years. With over 17 years of experience in the Sales and Procurement Department, he oversees the day-to-day business operations and overall management of the Company. 2. Mr. Navinbhai Katariya, aged 51 years, is the Promoter and Executive Director of the Company. He joined as a Director on May 27, 2013, and was re-designated as Executive Director on August 5, 2024. With more than 17 years of experience in the Production Department, he is responsible for managing daily operations and overall business management of the Company. 3. Ms. Anjali Hukambhai Jeshani, aged 25 years, is the Non-Executive Director of the Company, appointed on August 5, 2024. She holds a Master of Commerce in Accounts from Saurashtra University (2022) and has over two years of experience as an Accountant at Dreamaddz.

Financials of Krupalu Metals Limited IPO:

Particulars (in Lakh) FY25 FY24 FY23
Revenue from Operations 4839 3712 3358
EBITDA 370 257 108
EBITDA Margins 7.65% 6.93% 3.20%
PAT 215 155 42
PAT Margins 4.45% 4.17% 1.25%
ROCE 48.45% 36.28% 17.21%
Debt to Equity Ratio(In Times) 1.37 2.35 2.9
Operating Cash Flows 224 -144 119

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Krupalu Metals Limited 48.39 7.65% 4.45% 48.45% 1.37 42.27 19.6
Poojawestern Metaliks Limited 50.37 7.45% 3.08% 10.90% 1.55 29.4 16.9
Sprayking Limited 128 8% 5.70% 15.1% 1.62 41.8 9.87

Lead Manager of Krupalu Metals Limited IPO:

  1. Finshore Management Services Limited

Registrar of Krupalu Metals Limited IPO:

  1. Cameo Corporate Services Limited

Discussion on Krupalu Metals Limited IPO:

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