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Krupalu Metals Ltd IPO

Status:

Overview

IPO date
08 Sept 2025 to 11 Sept 2025
Face value
₹ 10 per share
Price
₹ 72 to ₹72 per share
Issue Size
1,872,000 shares
(aggregating up to ₹ 13.48 Cr)
Allotment Date
12 Sept 2025
Listing at
NSE
Issue type
Fixed Price - SME
Sector

Objectives of Krupalu Metals Ltd IPO

Krupalu Metals Ltd IPO Strategy

About Krupalu Metals Ltd

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T&C*

Strengths vs Risks of Krupalu Metals Ltd

Know the pros & cons

Strengths

  • arrowExperienced promoters having deep knowledge to scale up the business.
  • arrowEstablished and proven track record.
  • arrowLeveraging the experience of our Promoters.
  • arrowExperienced management team and a motivated and efficient work force.
  • arrowCordial relations with our customers.
  • arrowQuality Assurance & Control.

Risks

  • arrowOur Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • arrowIf we are unable to successfully implement our proposed expansion plans; our results of operations and financial condition could be adversely affected.
  • arrowOur Company is yet to place orders for purchase of plant and machinery. Any delay in placing orders or procurement of such plant and machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • arrowWe derive a significant portion of our revenue from the sale of Sheets (Brass & Copper) and any reduction in demand or in the manufacturing of such product could have an adverse effect on our business, results of operations and financial condition.
  • arrowThe capacity expansion for the manufacturing of Brass & Copper Sheets is based on the expected domestic demand in India, with no confirmed order book for the additional production, and our sales are concentrated primarily in India, making us vulnerable to market fluctuations, regulatory changes, and economic downturns
  • arrowThe geographical concentration of our manufacturing facilities in Gujarat may restrict our operations and adversely affect our business and financial conditions.
  • arrowSubstantial portion of our revenues has been dependent upon few customers/dealers. The loss of any one or more of our major customers would have a material effect on our business operations and profitability.
  • arrowThe company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
  • arrowAny failure on our part to effectively manage our inventory may result in an adverse effect on our business, revenue from manufacturing operations and financial condition.
  • arrowOur revenue from operations is significantly concentrated in Gujarat and any adverse developments affecting our operations in this region could have a significant impact on our revenue and results of operations.
  • arrowThe average cost of acquisition of Equity Shares by our Promoters is lower than the Issue Price.
  • arrowOur Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
  • arrowWe have issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.
  • arrowOne of the Directors, Shri. Jagdish Katariya, was been arrested in connection with a matter in the past. While all necessary precautions and compliance measures are being observed, there can be no assurance that similar legal proceedings or arrests will not occur in the future. Any such event may have a material adverse impact on the Company's reputation, business operations, financial condition, and results of operations.
  • arrowGeneral economic and market conditions in India and globally could have a material adverse effect on our business, financial condition, cash flows, results of operations and prospects.
  • arrowWe have not entered into any long-term contracts with any of our customers.
  • arrowDelays or defaults in customer payments could adversely affect our financial condition.
  • arrowWe could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in our products/services, which in turn could adversely affect the value of our brand, and our sales could be diminished if we are associated with negative publicity.
  • arrowOur Company has entered into certain related party transactions and may continue to do so in the future.
  • arrowOur lenders have charge over our movable properties, book debts, stocks in respect of finance availed by us.
  • arrowOur insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.
  • arrowThere are certain instances of delays in the past with ROC/Statutory Authorities.
  • arrowThere have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities"
  • arrowOur Promoters have provided personal guarantees for loans availed by our Company. Our business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by our Promoter.
  • arrowOur directors and certain Senior Managerial Personnel hold Equity Shares in our Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • arrowNon-availability of initial period secretarial/statutory records of the company since incorporation.
  • arrowOur operations are subject to high working capital requirements. If we are unable to generate sufficient cash flows to allow us to make required payments, there may be an adverse effect on our results of operations.
  • arrowOur ability to protect or use intellectual property right may adversely affect our business.
  • arrowThe future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
  • arrowWe have not made any alternate arrangements for meeting our regular working capital requirements. If we are unable to manage/arrange funds (including at short notice) to meet our working capital requirements, there may be an adverse effect on our results of operations and financial performance.
  • arrowWe have not made any alternate arrangements for meeting our regular working capital requirements. If we are unable to manage/arrange funds (including at short notice) to meet our working capital requirements, there may be an adverse effect on our results of operations and financial performance.
  • arrowIn addition to our existing indebtedness for our operations, we may be required to obtain further loan during the course of business. There can be no assurance that we would be able to service our existing and/or additional indebtedness.
  • arrowOur debt financing agreements contain certain restrictive covenants that may adversely affect our Company's business, credit ratings, prospects, results of operations and financial condition.
  • arrowWe are subject to certain government regulation and if we fail to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required to operate our business, our business and results of operations may be adversely affected.
  • arrowIf we are unable to source business opportunities effectively, we may not achieve our financial objectives.
  • arrowIf we are unable to source business opportunities effectively, we may not achieve our financial objectives.
  • arrowOur success depends heavily upon our Promoters and Directors for their continuing services, strategic guidance and financial support.
  • arrowWe could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
  • arrowInformation in relation to our installed capacity and capacity utilization of our manufacturing facility included in this Draft Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • arrowWe may not be successful in implementing our business strategies.
  • arrowWe are subject to risks arising from interest rate fluctuations, which could adversely affect our business, financial condition and results of operations.
  • arrowWithin the parameters as mentioned in the chapter titled "Objects of this Issue" beginning on page 71 of this Draft Prospectus, our Company's management will have flexibility in applying the proceeds of this Issue subject to applicable laws. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • arrowBrand recognition is important to the success of our business, and our inability to build and maintain our brand names will harm our business, financial condition and results of operation.
  • arrowIndustry information included in this draft prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
  • arrowCertain key performance indicators for certain listed industry peer included in this Draft Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • arrowWe are dependent on third party transportation providers for procuring raw material from our suppliers and delivery of products to our clients. Any failure on the part of such service providers to meet their obligations could have a material adverse effect on our business, financial condition and results of operation.
  • arrowMajor fraud, lapses of internal control or system failures could adversely impact the company's business.
  • arrowThere may be potential conflict of interests between Our Company, Promoter Group Entities, Group Companies and other venture or enterprises promoted by our promoter or directors
  • arrowOur management will have broad discretion in how we apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by us will result in an increase in the value of your investment.
  • arrowOur Company has availed certain unsecured loan which can be recalled at any time.
  • arrowSome of the KMPs and SMPs are associated with our company for less than one year.
  • arrowIn the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
  • arrowThere is no guarantee that our Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • arrowThere is no guarantee that our Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • arrowAfter this Issue, the price of our Equity Shares may be volatile, or an active trading market for our Equity Shares may not be sustained.
  • arrowAfter this Issue, the price of our Equity Shares may be volatile, or an active trading market for our Equity Shares may not be sustained.
  • arrowThe investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
  • arrowAny future issuance of Equity Shares may dilute the investors' shareholdings or sales of our Equity Shares by our Promoters or Promoter Group may adversely affect the trading price of our Equity Shares.
  • arrowYou may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
  • arrowApplicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
  • arrowThe investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
  • arrowRights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
  • arrowOur Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
  • arrowThe Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • arrowIf the company are unable to successfully implement the company proposed expansion plans; its results of operations and financial condition could be adversely affected.
  • arrowThe Company is yet to place orders for purchase of plant and machinery. Any delay in placing orders or procurement of such plant and machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • arrowOne of the Directors, Shri. Jagdish Katariya, had been arrested in connection with a matter in the past. While all necessary precautions and compliance measures are being observed, there can be no assurance that similar legal proceedings or arrests will not occur in the future. Any such event may have a material adverse impact on the Company's reputation, business operations, financial condition, and results of operations.
  • arrowThe Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • arrowIts derive a significant portion of the company revenue from the sale of Sheets (Brass & Copper) and any reduction in demand or in the manufacturing of such product could have an adverse effect on its business, results of operations and financial condition.
  • arrowThe capacity expansion for the manufacturing of Brass & Copper Sheets is based on the expected domestic demand in India, with no confirmed order book for the additional production, and the company sales are concentrated primarily in India, making it vulnerable to market fluctuations, regulatory changes, and economic downturns.
  • arrowThe geographical concentration of its manufacturing facilities in Gujarat may restrict the company operations and adversely affect its business and financial conditions.
  • arrowSubstantial portion of its revenues has been dependent upon few customers/dealers. The loss of any one or more of the company major customers would have a material effect on its business operations and profitability.
  • arrowThere may be potential conflict of interests between the Company, Promoter Group Entities, Group Companies and other venture or enterprises promoted by its promoter or directors.
  • arrowThe company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
  • arrowAny failure on its part to effectively manage the company inventory may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.
  • arrowIts revenue from operations is significantly concentrated in Gujarat and any adverse developments affecting the company operations in this region could have a significant impact on its revenue and results of operations.
  • arrowThe average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • arrowThe company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.
  • arrowGeneral economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
  • arrowThe company has not entered into any long-term contracts with any of its customers and absence of long-term contracts may adversely affect the company revenues and profitability.
  • arrowDependence on Leased/Rented Premises for Business Operations may affect its business continuity in case of termination of such agreement by the owner.
  • arrowDelays or defaults in customer payments could adversely affect the company financial condition.
  • arrowThe company is could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in the company products/services, which in turn could adversely affect the value of its brand, and the company sales could be diminished if its are associated with negative publicity.
  • arrowThe Company has entered into certain related party transactions and may continue to do so in the future.
  • arrowThe company lenders have charge over its movable properties, book debts, stocks in respect of finance availed by it.
  • arrowThe company insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
  • arrowThere are certain instances of delays in the past with ROC/Statutory Authorities.
  • arrowThere have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities"
  • arrowThe company is Promoters have provided personal guarantees for loans availed by the Company. its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by the company Promoter.
  • arrowThe company directors and certain Senior Managerial Personnel hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • arrowNon-availability of initial period secretarial/statutory records of the company since incorporation.
  • arrowThe company is operations are subject to high working capital requirements. If its are unable to generate sufficient cash flows to allow it to make required payments, there may be an adverse effect on its results of operations.
  • arrowThe company is ability to protect or use intellectual property right may adversely affect its business.
  • arrowThe future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
  • arrowThe company has not made any alternate arrangements for meeting the company is regular working capital requirements. If its are unable to manage/arrange funds (including at short notice) to meet the company working capital requirements, there may be an adverse effect on its results of operations and financial performance.
  • arrowPortion of the company Issue Proceeds are proposed to be utilized for general corporate purposes which constitute 8.16% of the Issue Proceed.
  • arrowIn addition to the company is existing indebtedness for its operations, the company may be required to obtain further loan during the course of business. There can be no assurance that its would be able to service the company is existing and/or additional indebtedness.
  • arrowThe company is debt financing agreements contain certain restrictive covenants that may adversely affect the Company's business, credit ratings, prospects, results of operations and financial condition.
  • arrowThe company is subject to certain government regulation and if its fail to obtain, maintain or renew the company is statutory and regulatory licenses, permits and approvals required to operate its business, the company business and results of operations may be adversely affected.
  • arrowIf the company unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • arrowThe company is success depends largely on its Directors, Promoters and other key managerial personnel and the loss of or the company is inability to attract or retain such persons with specialized technical know-how could adversely affect its business, results of operations, cash flows and financial condition.
  • arrowThe company is success depends heavily upon its Promoters and Directors for their continuing services, strategic guidance and financial support.
  • arrowIts could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company is financial condition, results of operations and reputation.
  • arrowInformation in relation to its installed capacity and capacity utilization of the company is manufacturing facility included in this Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • arrowThe company is may not be successful in implementing its business strategies.
  • arrowThe company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
  • arrowWithin the parameters as mentioned in the chapter titled "Objects of this Issue" beginning on page 73 of this Prospectus, the Company's management will have flexibility in applying the proceeds of this Issue subject to applicable laws. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • arrowBrand recognition is important to the success of the company business, and its inability to build and maintain the company is brand names will harm its business, financial condition and results of operation.
  • arrowIndustry information included in this prospectus has been derived from www.ibef.org and other publicly available sources. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
  • arrowCertain key performance indicators for certain listed industry peer included in this Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • arrowIts dependent on third party transportation providers for procuring raw material from the company suppliers and delivery of products to its clients. Any failure on the part of such service providers to meet their obligations could have a material adverse effect on its business, financial condition and results of operation.
  • arrowMajor fraud, lapses of internal control or system failures could adversely impact the company's business.
  • arrowThe company is management will have broad discretion in how its apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by it will result in an increase in the value of your investment.
  • arrowThe Company has availed certain unsecured loan which can be recalled at any time.
  • arrowSome of the KMPs and SMPs are associated with the company for less than one year.
  • arrowIn the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect Its revenues and results of operations.
  • arrowThere is no guarantee that its Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • arrowThe Issue Price of the company is Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
  • arrowAfter this Issue, the price of its Equity Shares may be volatile, or an active trading market for the company is Equity Shares may not be sustained.
  • arrowThere are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • arrowThe investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
  • arrowAny future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company Equity Shares.
  • arrowYou may be subject to Indian taxes arising the company of capital gains on sale of Equity Shares.
  • arrowApplicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
  • arrowThe investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
  • arrowRights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
  • arrowThe company is Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising its of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.

Krupalu Metals Ltd Peer Comparison

Understand the company’s industry standing

Krupalu Metals Ltd
Sprayking Ltd
Poojawestern Metaliks Ltd
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Consolidated
Total Income Rs. Cr.
37.1091
31.138
61.2912
EPS-Basis
3.87
1.82
1.72
EPS-Diluted
---
---
---
NAV Per Share
10.16
26.31
12.85
P/E-Basic EPS
18.61
4.17
15.58
P/E-Diluted EPS
---
---
---
RONW(%)
38.06
10.63
13.39
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 08 Sept 2025 & closes on 11 Sept 2025.

Krupalu Metals Limited was originally incorporated in March, 2009 as a Private Company asf 'M/s. Krupalu Engineering Services Private Limited' founded by Mr. Jagdish Parsottambhai Katariya. In September 2011, the Company changed the name to 'M/s. Krupalu Metals Private Limited'. Further, in June 2024, the status got converted into Public Limited Company under the name of 'M/s. Krupalu Metals Limited' vide fresh Certificate of Incorporation issued by the Central Processing Centre. Initially the Company was operating on a small scale and carrying on the business of Fabrication, Erection, Commissioning of Industrial Structures and Machineries as well as Civil Engineering Work for various industries according to their designs and specifications in year 2009. The Company presently engages in manufacturing of metal products, including brass sheets, copper sheets and strips, metal components and byproducts like slag and ash. These metal components include cutting components, inserts, pipe fittings, profiles, terminals, electrical components, bus bars, and many other customized products. In addition to its manufacturing capabilities, the Company trades raw materials, ensuring that it has access to a diverse range of metal products across different industries. It also works a factory in Jamnagar. Gujarat. Due to increasing demand from its customers, Company plans to broaden its product range by making a substantial investment in plant and machinery. This investment will allow to produce additional dimensions of brass and copper sheets at its existing manufacturing facility, thereby enhancing the production capacity for various metal components, including cutting components, inserts, pipe fittings, profiles, terminals, electrical components, bus bars, and a variety of other customized products. Company launched the IPO by issuing 18,72,000 equity shares of Rs 10 each and raising Rs 13.47 crores in September, 2025.

Krupalu Metals Ltd IPO will close on 11 Sept 2025.

  • Experienced promoters having deep knowledge to scale up the business.
  • Established and proven track record.
  • Leveraging the experience of our Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with our customers.
  • Quality Assurance & Control.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Jagdish Parsottambhai Katariya 1809708 45.24 1809708 30.82
2 Navinbhai Katariya 518981 12.97 518981 8.84

  • Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • If we are unable to successfully implement our proposed expansion plans; our results of operations and financial condition could be adversely affected.
  • Our Company is yet to place orders for purchase of plant and machinery. Any delay in placing orders or procurement of such plant and machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • We derive a significant portion of our revenue from the sale of Sheets (Brass & Copper) and any reduction in demand or in the manufacturing of such product could have an adverse effect on our business, results of operations and financial condition.
  • The capacity expansion for the manufacturing of Brass & Copper Sheets is based on the expected domestic demand in India, with no confirmed order book for the additional production, and our sales are concentrated primarily in India, making us vulnerable to market fluctuations, regulatory changes, and economic downturns
  • The geographical concentration of our manufacturing facilities in Gujarat may restrict our operations and adversely affect our business and financial conditions.
  • Substantial portion of our revenues has been dependent upon few customers/dealers. The loss of any one or more of our major customers would have a material effect on our business operations and profitability.
  • The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
  • Any failure on our part to effectively manage our inventory may result in an adverse effect on our business, revenue from manufacturing operations and financial condition.
  • Our revenue from operations is significantly concentrated in Gujarat and any adverse developments affecting our operations in this region could have a significant impact on our revenue and results of operations.
  • The average cost of acquisition of Equity Shares by our Promoters is lower than the Issue Price.
  • Our Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
  • We have issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.
  • One of the Directors, Shri. Jagdish Katariya, was been arrested in connection with a matter in the past. While all necessary precautions and compliance measures are being observed, there can be no assurance that similar legal proceedings or arrests will not occur in the future. Any such event may have a material adverse impact on the Company's reputation, business operations, financial condition, and results of operations.
  • General economic and market conditions in India and globally could have a material adverse effect on our business, financial condition, cash flows, results of operations and prospects.
  • We have not entered into any long-term contracts with any of our customers.
  • Delays or defaults in customer payments could adversely affect our financial condition.
  • We could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in our products/services, which in turn could adversely affect the value of our brand, and our sales could be diminished if we are associated with negative publicity.
  • Our Company has entered into certain related party transactions and may continue to do so in the future.
  • Our lenders have charge over our movable properties, book debts, stocks in respect of finance availed by us.
  • Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.
  • There are certain instances of delays in the past with ROC/Statutory Authorities.
  • There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities"
  • Our Promoters have provided personal guarantees for loans availed by our Company. Our business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by our Promoter.
  • Our directors and certain Senior Managerial Personnel hold Equity Shares in our Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • Non-availability of initial period secretarial/statutory records of the company since incorporation.
  • Our operations are subject to high working capital requirements. If we are unable to generate sufficient cash flows to allow us to make required payments, there may be an adverse effect on our results of operations.
  • Our ability to protect or use intellectual property right may adversely affect our business.
  • The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
  • We have not made any alternate arrangements for meeting our regular working capital requirements. If we are unable to manage/arrange funds (including at short notice) to meet our working capital requirements, there may be an adverse effect on our results of operations and financial performance.
  • We have not made any alternate arrangements for meeting our regular working capital requirements. If we are unable to manage/arrange funds (including at short notice) to meet our working capital requirements, there may be an adverse effect on our results of operations and financial performance.
  • In addition to our existing indebtedness for our operations, we may be required to obtain further loan during the course of business. There can be no assurance that we would be able to service our existing and/or additional indebtedness.
  • Our debt financing agreements contain certain restrictive covenants that may adversely affect our Company's business, credit ratings, prospects, results of operations and financial condition.
  • We are subject to certain government regulation and if we fail to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required to operate our business, our business and results of operations may be adversely affected.
  • If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
  • If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
  • Our success depends heavily upon our Promoters and Directors for their continuing services, strategic guidance and financial support.
  • We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
  • Information in relation to our installed capacity and capacity utilization of our manufacturing facility included in this Draft Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • We may not be successful in implementing our business strategies.
  • We are subject to risks arising from interest rate fluctuations, which could adversely affect our business, financial condition and results of operations.
  • Within the parameters as mentioned in the chapter titled "Objects of this Issue" beginning on page 71 of this Draft Prospectus, our Company's management will have flexibility in applying the proceeds of this Issue subject to applicable laws. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • Brand recognition is important to the success of our business, and our inability to build and maintain our brand names will harm our business, financial condition and results of operation.
  • Industry information included in this draft prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
  • Certain key performance indicators for certain listed industry peer included in this Draft Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • We are dependent on third party transportation providers for procuring raw material from our suppliers and delivery of products to our clients. Any failure on the part of such service providers to meet their obligations could have a material adverse effect on our business, financial condition and results of operation.
  • Major fraud, lapses of internal control or system failures could adversely impact the company's business.
  • There may be potential conflict of interests between Our Company, Promoter Group Entities, Group Companies and other venture or enterprises promoted by our promoter or directors
  • Our management will have broad discretion in how we apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by us will result in an increase in the value of your investment.
  • Our Company has availed certain unsecured loan which can be recalled at any time.
  • Some of the KMPs and SMPs are associated with our company for less than one year.
  • In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
  • There is no guarantee that our Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • There is no guarantee that our Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • After this Issue, the price of our Equity Shares may be volatile, or an active trading market for our Equity Shares may not be sustained.
  • After this Issue, the price of our Equity Shares may be volatile, or an active trading market for our Equity Shares may not be sustained.
  • The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
  • Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of our Equity Shares by our Promoters or Promoter Group may adversely affect the trading price of our Equity Shares.
  • You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
  • Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
  • The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
  • Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
  • Our Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
  • The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • If the company are unable to successfully implement the company proposed expansion plans; its results of operations and financial condition could be adversely affected.
  • The Company is yet to place orders for purchase of plant and machinery. Any delay in placing orders or procurement of such plant and machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • One of the Directors, Shri. Jagdish Katariya, had been arrested in connection with a matter in the past. While all necessary precautions and compliance measures are being observed, there can be no assurance that similar legal proceedings or arrests will not occur in the future. Any such event may have a material adverse impact on the Company's reputation, business operations, financial condition, and results of operations.
  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • Its derive a significant portion of the company revenue from the sale of Sheets (Brass & Copper) and any reduction in demand or in the manufacturing of such product could have an adverse effect on its business, results of operations and financial condition.
  • The capacity expansion for the manufacturing of Brass & Copper Sheets is based on the expected domestic demand in India, with no confirmed order book for the additional production, and the company sales are concentrated primarily in India, making it vulnerable to market fluctuations, regulatory changes, and economic downturns.
  • The geographical concentration of its manufacturing facilities in Gujarat may restrict the company operations and adversely affect its business and financial conditions.
  • Substantial portion of its revenues has been dependent upon few customers/dealers. The loss of any one or more of the company major customers would have a material effect on its business operations and profitability.
  • There may be potential conflict of interests between the Company, Promoter Group Entities, Group Companies and other venture or enterprises promoted by its promoter or directors.
  • The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
  • Any failure on its part to effectively manage the company inventory may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.
  • Its revenue from operations is significantly concentrated in Gujarat and any adverse developments affecting the company operations in this region could have a significant impact on its revenue and results of operations.
  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.
  • General economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
  • The company has not entered into any long-term contracts with any of its customers and absence of long-term contracts may adversely affect the company revenues and profitability.
  • Dependence on Leased/Rented Premises for Business Operations may affect its business continuity in case of termination of such agreement by the owner.
  • Delays or defaults in customer payments could adversely affect the company financial condition.
  • The company is could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in the company products/services, which in turn could adversely affect the value of its brand, and the company sales could be diminished if its are associated with negative publicity.
  • The Company has entered into certain related party transactions and may continue to do so in the future.
  • The company lenders have charge over its movable properties, book debts, stocks in respect of finance availed by it.
  • The company insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
  • There are certain instances of delays in the past with ROC/Statutory Authorities.
  • There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities"
  • The company is Promoters have provided personal guarantees for loans availed by the Company. its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by the company Promoter.
  • The company directors and certain Senior Managerial Personnel hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • Non-availability of initial period secretarial/statutory records of the company since incorporation.
  • The company is operations are subject to high working capital requirements. If its are unable to generate sufficient cash flows to allow it to make required payments, there may be an adverse effect on its results of operations.
  • The company is ability to protect or use intellectual property right may adversely affect its business.
  • The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
  • The company has not made any alternate arrangements for meeting the company is regular working capital requirements. If its are unable to manage/arrange funds (including at short notice) to meet the company working capital requirements, there may be an adverse effect on its results of operations and financial performance.
  • Portion of the company Issue Proceeds are proposed to be utilized for general corporate purposes which constitute 8.16% of the Issue Proceed.
  • In addition to the company is existing indebtedness for its operations, the company may be required to obtain further loan during the course of business. There can be no assurance that its would be able to service the company is existing and/or additional indebtedness.
  • The company is debt financing agreements contain certain restrictive covenants that may adversely affect the Company's business, credit ratings, prospects, results of operations and financial condition.
  • The company is subject to certain government regulation and if its fail to obtain, maintain or renew the company is statutory and regulatory licenses, permits and approvals required to operate its business, the company business and results of operations may be adversely affected.
  • If the company unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • The company is success depends largely on its Directors, Promoters and other key managerial personnel and the loss of or the company is inability to attract or retain such persons with specialized technical know-how could adversely affect its business, results of operations, cash flows and financial condition.
  • The company is success depends heavily upon its Promoters and Directors for their continuing services, strategic guidance and financial support.
  • Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company is financial condition, results of operations and reputation.
  • Information in relation to its installed capacity and capacity utilization of the company is manufacturing facility included in this Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • The company is may not be successful in implementing its business strategies.
  • The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
  • Within the parameters as mentioned in the chapter titled "Objects of this Issue" beginning on page 73 of this Prospectus, the Company's management will have flexibility in applying the proceeds of this Issue subject to applicable laws. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • Brand recognition is important to the success of the company business, and its inability to build and maintain the company is brand names will harm its business, financial condition and results of operation.
  • Industry information included in this prospectus has been derived from www.ibef.org and other publicly available sources. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
  • Certain key performance indicators for certain listed industry peer included in this Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • Its dependent on third party transportation providers for procuring raw material from the company suppliers and delivery of products to its clients. Any failure on the part of such service providers to meet their obligations could have a material adverse effect on its business, financial condition and results of operation.
  • Major fraud, lapses of internal control or system failures could adversely impact the company's business.
  • The company is management will have broad discretion in how its apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by it will result in an increase in the value of your investment.
  • The Company has availed certain unsecured loan which can be recalled at any time.
  • Some of the KMPs and SMPs are associated with the company for less than one year.
  • In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect Its revenues and results of operations.
  • There is no guarantee that its Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • The Issue Price of the company is Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
  • After this Issue, the price of its Equity Shares may be volatile, or an active trading market for the company is Equity Shares may not be sustained.
  • There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
  • Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company Equity Shares.
  • You may be subject to Indian taxes arising the company of capital gains on sale of Equity Shares.
  • Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
  • The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
  • Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
  • The company is Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising its of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.

The Issue type of Krupalu Metals Ltd is Fixed Price - SME.

The minimum application for shares of Krupalu Metals Ltd is 3200.

The total shares issue of Krupalu Metals Ltd is 1872000.

Initial public offer of 18,72,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Krupalu Metals Limited (the "Company" or the "Issuer") for cash at a price of Rs. 72/- per equity share, including a share premium of Rs. 62/- per equity share (the "Issue Price"), aggregating to Rs. 13.48 crores ("the Issue"), of which 94,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72/- per equity share, aggregating to Rs. 0.68 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 17,77,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72/- per equity share, aggregating to Rs. 12.80 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 31.88 % and 30.27 % respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 72/- each i.e., 7.2 times of the face value of the equity shares. the minimum lot size is 1,600 equity shares.