Krupalu Metals is stepping into the public arena! Dive into the numbers—and why this IPO could matter to investors like you

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Krupalu Metals is coming to the market with a fixed-price SME IPO worth ₹13.48 crores. The entire issue is a fresh offering of 18.72 lakh equity shares, giving investors a chance to participate directly in the company’s growth story.

The IPO opens for subscription on September 8, 2025, and will close on September 10, 2025. Allotment is likely to be finalized by September 11, 2025, with shares scheduled to list on the BSE SME platform on September 15, 2025 (tentative).


The IPO price is fixed at ₹72 per share. Investors need to apply in a minimum lot of 1,600 shares, which translates to an entry investment of ₹1,15,200 for retail applicants. To be classified as a High Net-Worth Individual (HNI), the minimum bid is 3 lots (4,800 shares), requiring an investment of ₹3,45,600.

Krupalu Metals IPO Details

IPO Date September 8, 2025 to September 10, 2025
Listing Date Tentative: September 15, 2025
Face Value ₹10 per share
Issue Price ₹72 per share
Lot Size 1,600 shares
Sale Type Fresh Capital
Total Issue Size 18,72,000 shares
(aggregating up to ₹13.48 Cr)
Reserved for Market Maker 94,400 shares
(aggregating up to ₹0.6797 Cr) · Anant Securities
Net Offered to Public 17,77,600 shares
(aggregating up to ₹12.80 Cr)
Issue Type Fixed Price IPO
Listing At BSE SME
Shareholding (Pre-Issue) 40,00,000 shares
Shareholding (Post-Issue) 58,72,000 shares

Krupalu Metals IPO Timeline (Tentative Schedule)

IPO Open Date Monday, September 8, 2025
IPO Close Date Wednesday, September 10, 2025
Tentative Allotment Date Thursday, September 11, 2025
Initiation of Refunds Friday, September 12, 2025
Credit of Shares to Demat Friday, September 12, 2025
Tentative Listing Date Monday, September 15, 2025
Cut-off time for UPI mandate confirmation 5:00 PM on September 10, 2025

Krupalu Metals IPO Lot Size & Investment Details

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereafter. The table below shows the minimum and maximum investment by Retail and HNI categories.

Application Lots Shares Amount
Individual Investors (Retail) – Min 2 3,200 ₹2,30,400
Individual Investors (Retail) – Max 2 3,200 ₹2,30,400
HNI – Min 3 4,800 ₹3,45,600

Krupalu Metals IPO Reservation (Share Allocation)

The Krupalu Metals IPO consists of a total of 18,72,000 equity shares. Out of this, 8,88,000 shares (47.44%) are reserved for Non-Institutional Investors (NIIs/HNIs), while 8,89,600 shares (47.52%) are allocated to Retail Individual Investors (RIIs). Additionally, 94,400 shares (5.04%) are reserved for the Market Maker.

Investor Category Shares Offered
Market Maker 94,400 (5.04%)
NII (HNI) 8,88,000 (47.44%)
Retail (RII) 8,89,600 (47.52%)
Total 18,72,000 (100.00%)

Krupalu Metals IPO Reservation (Share Allocation)

The Krupalu Metals IPO comprises a total of 18,72,000 equity shares. Of this, 8,88,000 shares (47.44%) are earmarked for Non-Institutional Investors (NIIs/HNIs), while 8,89,600 shares (47.52%) are set aside for Retail Individual Investors (RIIs). In addition, 94,400 shares (5.04%) are reserved for the Market Maker category.

Investor Category Shares Offered
Market Maker 94,400 (5.04%)
NII (HNI) 8,88,000 (47.44%)
Retail (RII) 8,89,600 (47.52%)
Total 18,72,000 (100.00%)

About Krupalu Metals Ltd.

Founded in 2012, Krupalu Metals Limited is a Jamnagar-based company engaged in the manufacturing of a diverse range of brass and copper products. Over the years, the company has built a strong reputation for delivering precision-engineered components that cater to multiple industrial applications.

The company’s core expertise lies in producing brass and copper sheets, strips, rods, and custom components such as inserts, pipe fittings, terminals, bus bars, and pressed parts. In addition to its product line, Krupalu Metals also provides job work services to meet client-specific requirements.

Its manufacturing facility, located at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat – 361009, is equipped with the necessary infrastructure to support high-quality production standards.


Products and Services

Krupalu Metals Limited offers a comprehensive portfolio of brass and copper products, including:

  • Brass Sheets and Strips – available in multiple finishes and thicknesses
  • Brass & Copper Rods – widely used in various industrial sectors
  • Sheet Metal Parts – custom-designed components pressed from sheets
  • Brass Washers & Stamping Parts – precision-made for industrial applications
  • Brass Sheet Metal Components – including terminals, inserts, and press parts

As of July 31, 2025, the company employs 13 permanent staff members, along with 40 contractual workers who are engaged as per operational requirements.


Competitive Strengths

Krupalu Metals Limited derives its edge in the market from the following strengths:

  • Experienced management team with deep industry knowledge
  • Strong and long-standing client relationships
  • Commitment to quality standards and assurance
  • Skilled workforce and industry expertise
  • Innovative approach to product development and customization

Company Financials

Krupalu Metals Ltd. Financial Information (Restated)

Krupalu Metals Ltd. reported a 31% growth in revenue and a 39% increase in profit after tax (PAT) between FY 2023–24 and FY 2024–25.

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 20.03 19.46 15.25
Total Income 48.50 37.12 33.58
Profit After Tax (PAT) 2.15 1.55 0.42
EBITDA 3.70 2.57 1.08
Net Worth 6.12 4.06 2.56
Reserves & Surplus 2.12 1.66 0.16
Total Borrowing 8.37 9.57 7.44

Amount in ₹ Crore


Company Financials

Krupalu Metals Ltd. Financial Information (Restated)

Krupalu Metals Ltd. reported a 31% growth in revenue and a 39% increase in profit after tax (PAT) between FY 2023–24 and FY 2024–25.

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 20.03 19.46 15.25
Total Income 48.50 37.12 33.58
Profit After Tax (PAT) 2.15 1.55 0.42
EBITDA 3.70 2.57 1.08
Net Worth 6.12 4.06 2.56
Reserves & Surplus 2.12 1.66 0.16
Total Borrowing 8.37 9.57 7.44

Amount in ₹ Crore

Key Performance Indicators (KPI)

The market capitalization of Krupalu Metals IPO is estimated at ₹42.28 Cr.

KPI (as of Mar 31, 2024)

KPI Values
ROCE 48.45%
Debt/Equity 1.37
RoNW 35.12%
PAT Margin 4.45%
EBITDA Margin 7.65%
Price to Book Value 7.09

Pre-IPO vs Post-IPO

Metric Pre IPO Post IPO
EPS (₹) 5.38 3.66
P/E (x) 13.39 19.66

Note: The Pre-IPO EPS is based on pre-issue shareholding as per RHP and FY 2025 earnings. The Post-IPO EPS reflects post-issue shareholding and annualized FY 2025 earnings as per RHP.

Objects of the Issue (Krupalu Metals IPO Objectives)

Krupalu Metals Ltd. plans to utilize the Net Proceeds from the IPO towards the following objectives:

S.No. Objects of the Issue Expected Amount (₹ in Cr)
1 Funding capital expenditure for purchase of additional plant & machinery 5.18
2 Meeting working capital requirements 5.70
3 Covering issue-related expenses 1.49
4 General corporate purposes 1.10
Total 13.47

Krupalu Metals Ltd. Contact Details

Krupalu Metals Ltd.
Address Plot No 4345, GIDC Phase-III,
Dared Udhyognagar,
Jamnagar, Gujarat, 361009
Phone +91 7862060996
Email compliance@krupalumetals.com
Website www.krupalumetals.com
IPO Registrar – Cameo Corporate Services Ltd.
Phone +91-44-28460390
Email ipo@cameoindia.com
Website ipo.cameoindia.com

Krupalu Metals IPO – FAQs

Question Answer
What is the Krupalu Metals IPO? Krupalu Metals IPO is an SME public issue of 18,72,000 equity shares with a face value of ₹10, aggregating up to ₹13.48 Crores. The issue is priced at ₹72 per share, and the minimum order quantity is 1,600 shares.

The IPO opens on September 8, 2025 and closes on September 10, 2025.

Registrar: Cameo Corporate Services Ltd.
Proposed listing: BSE SME
How to apply in Krupalu Metals IPO through Zerodha? Zerodha customers can apply online in Krupalu Metals IPO using UPI as a payment gateway. Applications can be submitted via the Zerodha Console (back office).

Steps to apply in Krupalu Metals IPO through Zerodha:
  1. Login to Zerodha Console.
  2. Go to Portfolio → IPOs.
  3. Select Krupalu Metals IPO and click on Bid.
  4. Enter UPI ID, quantity, and price.
  5. Submit the IPO application form.
  6. Approve the mandate in your UPI app (net banking or BHIM).
When Krupalu Metals IPO will open? The IPO opens on September 8, 2025 and closes on September 10, 2025.
What is the lot size of Krupalu Metals IPO? The IPO lot size is 1,600 shares. The minimum application amount is ₹2,30,400 (2 lots), which is also the minimum bid size for retail investors.
How to apply for Krupalu Metals IPO? Investors can apply online using either UPI or ASBA as a payment method.
  • ASBA IPO application is available via net banking from your bank account.
  • UPI IPO application is available through brokers such as Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
When is Krupalu Metals IPO allotment? The Basis of Allotment will be finalized on Thursday, September 11, 2025. Shares will be credited to demat accounts by Friday, September 12, 2025. Investors can check their allotment status online once finalized.
When is Krupalu Metals IPO listing date? The tentative listing date is Monday, September 15, 2025 on BSE SME. The final listing date will be confirmed after allotment.

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