Sharvaya Metals Ltd IPO

Initial public offer of 30,00,000 equity shares of face value of Rs. 10/- each ("equity shares") of Sharvaya Metals Limited ("company") for cash at a price of Rs. 196/- per equity share (including a share premium of Rs. 186/- per equity share) ("offer price") aggregating Rs. 58.80 crores comprising a fresh issue of 25,00,000 equity shares aggregating Rs. 49.00 crores by the company ("fresh issue") and an offer for sale of 5,00,000 equity shares aggregating Rs. 9.80 crores by the promoter selling shareholder, (the "offered shares") (the "offer for sale" and together with the fresh offer, the "offer") of which 1,50,000 equity shares aggregating to Rs. 2.94 crores will be reserved for subscription by market maker to the offer (the "market maker reservation portion"). The offer, less market maker reservation, i.e. net offer 28,50,000 equity shares of face value of Rs.10/- each at price of Rs. 196/- per equity share aggregating to Rs. 55.86 crores is herein after referred to as the "net offer". The offer and the net offer will constitute 29.91% and 28.41% respectively of the fully-diluted post-offer paid-up equity share capital of the company. Price Band: Rs. 196/- to Rs. 186/- for equity share of face value of Rs. 10 each. The floor price is 19.6 times times the face value and cap price is 18.6 times of the face value of the equity shares. Bids can made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.

Sharvaya Metals Limited was incorporated as Private Limited Company as 'Sharvaya Metals Private Limited', issued by the Registrar of Companies, Pune on March 11, 2014. The status of the Company was changed to Public Limited , and the name was changed to 'Sharvaya Metals Limited' via fresh Certificate of Incorporation on February 09, 2024. The Company is engaged in the business of providing Aluminium products to both domestic and international customers. It has product range, which includes the manufacturing of Aluminium Alloyed Ingots, Aluminium Billets, Aluminium Slabs, Aluminium Sheets, Aluminium Circles and Battery Housing of EV's. These products find application across various industries including Cookware, Consumer Appliances, Electric Vehicle, LED, Aviation, Defence, Automotive, Extrusions, Constructions etc. The Company has experience in manufacturing Aluminium Alloyed Ingots required for High Pressure Die Castings, Billets required for Aluminium Extrusions Industry and Aluminium Sheets & Circles required primarily for Utensils and cookware Industry. The Company started the manufacturing unit in year 2017-18 and later, started the exports of aluminium products to Middle East Countries and China in 2020; further made exports of the said products to Italy and African Countries in 2021. Thereafter, it imported the products from Europe, USA and Middle East in 2022. Company launched the IPO of 30,00,000 equity shares having face value Rs 10 each, by raising Rs 58.80 Cr, comprising a fresh issue of 25,00,000 equity shares aggregating to Rs 49 Crore and the offer for sale of 5,00,000 equity shares aggregating to Rs 9.80 Cr in Sep'25.