Krupalu metals IPO: The IPO of Krupalu Metals Ltd, a product making company made from copper and brass, gave a strong shock to investors on the first day. On Tuesday, its entry on BSE SME Exchange took place at ₹ 57.60 at a huge discount instead of an issue price of ₹ 72. That is, investors suffered 20% loss in the beginning.
Not only this, in early trade, it and the lower circuit directly reached ₹ 54.72. In this way, the investors who were expecting the listing gains, had a loss of about 24% on the first day.
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IPO subscription and used funds used (Krupalu metals iPo)
The company’s IPO of ₹ 13.48 crore was opened from September 8 to 11 and it received a total subscription of 2.96 times. The special thing is that the NII category was 6.45 times and the retail stake was 1.85 times.
Under the issue, 18.72 lakh new shares with a face value of ₹ 10 were issued. The company will use the collected funds on new machinery (₹ 5.18 crore) and working capital (₹ 5.70 crore), while the remaining amount will be charged in issue and corporate objectives.
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The company’s background and financials (Krupalu metals iPo)
The manufacturing unit of Krupalu Metals established in 2012 is in Jamnagar, Gujarat. The company makes brass sheets, copper-brass rods, sheets metal parts and industrial components. Talking about the financial situation, the company has shown strength in the last three years.
In FY 2023, the company’s net profit was ₹ 42 lakh, which increased to ₹ 1.55 crore in 2024 and ₹ 2.15 crore in 2025. During the same period, the total income increased from more than 20% CAGR to ₹ 48.50 crore.
The debt also reduced from ₹ 9.57 crore to ₹ 8.37 crore in 2024 to ₹ 8.37 crore in 2025. At the same time, it improved from ₹ 16 lakh in 2023 to ₹ 8.37 crore in 2023 by improving reserve and surplus.
