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Sharvaya Metals IPO – ₹58.8 Cr SME IPO with 11% GMP & Aluminium Focus

IPOName: Sharvaya Metals IPO; ListingDate: 2025-09-12; IPOSize: ₹58.80 Cr; PriceBand: ₹192–₹196; OpenDate: 2025-09-04; CloseDate: 2025-09-09; LotSize: 600; Exchange: BSE SME; Registrar: KFin Technologies; IssueType: Book Built; FaceValue: ₹10;

Sharvaya Metals Ltd, an Ahmedabad-based aluminium products manufacturer, launched its SME IPO today (September 4, 2025), and the grey market is already showing an encouraging 11% GMP — signaling strong early interest.

📌 IPO Overview

  • Open Date: September 4, 2025
  • Close Date: September 9, 2025
  • Price Band: ₹192–₹196 per share
  • Issue Size: ₹58.80 Cr (Fresh ₹49 Cr + OFS ₹9.80 Cr)
  • Lot Size: 600 shares (Retail min ~1,200 shares)
  • Listing Date: September 12, 2025 on BSE SME

🏭 Company Snapshot

Founded in 2014, Sharvaya Metals manufactures a wide range of aluminium offerings—including ingots, billets, slabs, sheets, circles, and EV battery housings—from its modern facility in Ahmednagar. It serves multiple sectors such as cookware, automotive, aviation, defence, EV, LED lighting, and construction. (Samco; InvestorZone)

📊 Financial Highlights

  • FY25 Revenue: ₹112.76 Cr (up from ₹71.58 Cr in FY24)
  • FY25 PAT: ₹12.51 Cr (vs ₹1.80 Cr in FY24)
  • ROE: 54.9%; ROCE: 49.3%

Exceptional margin improvement reflects strong fundamentals in FY25. (IPOWatch; InvestorZone; ipopremium.in)

🚀 GMP & Market Sentiment

The IPO’s grey market premium stands at approximately ₹26 (13%) over the cap price, suggesting estimated listing gains around ₹222 per share. (InvestorGain)

⚙ Strengths & Expansion Plans

  • Strategic setup with fully integrated manufacturing & ISO-certified quality processes. (InvestorZone)
  • Promoter ID: Shreyans Katariya, managing director, running operations since inception. (InvestorZone)
  • Advance use of proceeds:
    • Working capital: ₹9 Cr
    • Plant/machinery: ₹20.4 Cr
    • Civil/electrification: ₹5.17 Cr
    • General corporate use: balance
    (GoodReturns)
  • Raised ₹17 Cr from anchor investors a day before IPO at ₹196/share. (GoodReturns)
  • Proximity to OEMs, port access, and bets on EV & defence sectors gives strategic edge. (Ahmedabad Mirror)

⚠ Key Risks to Watch

  • Customer concentration risk; top client contributes >50% of revenue. (Groww)
  • Raw material dependence on Middle East imports (~40%).
  • Single manufacturing centre increases operational risk. (Groww)

📢 Final Take

Sharvaya Metals IPO shows promising growth with strong GMP, high ROE, and strategic expansions into high-demand sectors. For savvy SME IPO investors, it looks solid—but monitor allocation risk, valuation, and GMP volatility closely.

Follow GMPRadar.com for allotment status, GMP movement, and listing insights.

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