Sharvaya Metals IPO: Price, GMP, Analysis, And Details

Sharvaya Metals IPO- Company Analysis 

Sharvaya Metals IPO under the SME IPO category is a bookbuilding issue of Rs. 58.80 Cr by Sharvaya Metals Ltd, which was incorporated in 2014, and is focused on producing, distributing, and exporting aluminum goods, such as alloyed ingots, billets, slabs, sheets, and battery enclosures for electric vehicles.

The company supplies OEM suppliers, tier one vendors, and LED light manufacturers with aluminum goods for both domestic and foreign clients in industries such as automotive, engineering, and electric vehicles.

The company produces high-quality aluminum ingots, billets, sheets, and circles using a PLC-controlled 10-ton aluminum melting furnace and sophisticated technology, such as slab heating, rolling, cutting, and punching equipment.

Their goods are used in the automobile, consumer appliance, defense, and cookware industries.

 

Goods

• Circles and Sheets of Aluminum

• Aluminum Billets

• Ingots Alloyed with Aluminum

• Extrusion Dies for Aluminum.
  
  

Sharvaya Metals IPO Details

The Sharvaya Metals IPO date is on 04 September 2025, and its initial public offering will end on 09 Sep with IPO allotment on Sep 10, and refund initiation on Sep 11, 2025.

The Rs. 58.80 crore new SME IPO comprises a combination of fresh issue of 0.25 crore shares (Rs. 49 Cr) and an offer for sale (OFS) of 0.05 crore shares (Rs. 9.80 Cr).

The Sharvaya Metals IPO listing date (expected) might be on Friday, Sep 12, 2025, and listing at the BSE and SME. 

The Sharvaya Metals IPO price band is Rs. 192 to Rs. 196.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Sep 04, 2025
IPO Closing Date	Sep 09, 2025
IPO Allotment Date	Sep 10, 2025
Refund Initiation	Sep 11, 2025
IPO Listing Date	Sep 12, 2025

 

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Period	30 Sep 2024	31 Mar 2024	31 Mar 2023
Total Assets	38.44	29.55	29.23
Total Revenue	41.31	71.58	70.53
PAT	4.11	1.8	1.95
Net Worth	12	7.9	6.09
Reserves & Surplus	4.77	0.67	3.09
Borrowings	16.54	13.47	14.92

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	30 Sep 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(139.39)	330.17	404.65
Net Cash Flow Investing Activities	(96.74)	(66.52)	25.55
Net Cash Flow Financing Activities	239.32	(261.98)	(426.25)

Revenue Bifurcation

Geography-wise Revenue Breakdown

State-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To fulfill the requirements for working capital. ~ Rs. 100 Cr.

• To finance capital expenditures for the acquisition of machinery and plants. ~ Rs. 249.71 Cr.

• General Corporate Purposes. 

 

Listed Peers of Sharvaya Metals Ltd. 

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Maan Aluminium Limited	10	1.58	83.28
Manaksia Aluminium Company Limited	1	0.37	76.81
Baheti Recycling Industries Ltd.	10	6.77	58.79

 

Valuation

Metric	Value
ROCE	15.52%
RoNW	22.83%
Debt/Equity	1.71
PAT Margin	2.52%

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2024 with an EPS of Rs. 2.49 from the last year, the resulting P/E ratio is 78.71x. When compared with the industry’s average P/E of 71.96x, it indicates an overvaluation (on a P/E ratio basis only). Hence, the price of the Share seems aggressively priced for the investors.

Explore the Sugs Lloyd IPO.

IPO's Strengths

• Multi-product portfolio

• Fully integrated manufacturing facility

• Customer-focused

• Quality control checks.

 

 

IPO’s Weaknesses 

• High needs for working capital

• Insufficient use of available capacit

• No long-term agreements with suppliers

• Import and foreign exchange risks.

 

Sharvaya Metals IPO GMP (Grey Market Premium)

Sharvaya Metals IPO GMP today has not started yet, as of 28 Aug 2025 at the time of writing this information.

Sharvaya Metals IPO Summary

The Sharvaya IPO has a market maker portion size of 1,50,000 Shares (Rs. 2.94 Cr).

IPO Opening & Closing Date	04 Sep, 2025 to 09 Sep, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 192 to Rs. 196 per Share.
Lot Size	600 Shares
Issue Size	30,00,000 Shares (Rs. 58.80 Cr)
Offer for Sale	5,00,000 Shares (Rs. 9.80 Cr)
Fresh Issue	23,50,000 Shares (Rs. 46.06 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding IPO
Registrar	Bigshare Services Pvt. Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (1200 Shares) for Rs. 2,35,200 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (1800 Shares) for Rs. 3,52,800.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Sharvaya Metals IPO Allotment Status

To check the Sharvaya Metals IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Sharvaya Metals Ltd.

•  Shreyans Katariya.

Pre-Issue Promoter Shareholding	88.29%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Expert Global Consultants Pvt. Ltd. 

 

 

Dividend Policy

The company has not declared a dividend since its incorporation.

Conclusion

With a robust multi-product portfolio and expanding presence in EV battery enclosures, Sharvaya Metals IPO presents an opportunity in the aluminum products industry. However, it is a risky investment due to its high working capital requirements, aggressive valuation, and lack of long-term supplier relationships. Prospects for sector growth should be weighed against financial risks by investors. only appropriate for investors who are willing to take on a lot of risk.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.