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Krupalu Metals Ltd
Non Ferrous MetalsIPOSME
₹72 - 72
Krupalu Metals Limited is engaged in the manufacturing of wide range of brass and copper products. The company specializes in producing brass and copper sheets and strips, metal components, and providing various job work services. 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 also trades raw materials, ensuring that it has access to a diverse range of metal products to meet the specific requirements of its customers across different industries. The factory and registered office of the company is situated at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat, India, 361009.
Lot1,600Min Invest₹2,30,400Face Value₹10Issue Size₹13 CrFresh Issue₹13 CrListing Price₹58CMP₹27
Timeline
8 Sept
Bidding opens
11 Sept
Bidding closes
12 Sept
Allotment
15 Sept
Refund & demat credit
16 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹13 Cr0.19 Cr shares
Fresh Issue₹13 Cr
Face Value₹10
Lot Size1,600 shares
ReservationNII 49.95% · RETAIL 50.05%
Application Sizes
Retail₹2,30,4001-1 lots
sNII₹2,30,400from 2 lots
bNII₹10,36,800from 9 lots
Managers & Registrar
Lead ManagerFinshore Management Services Ltd
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group58.21%39.66%Public41.79%60.34%
Objects of the Issue
- Funding Capital Expenditure towards purchase of additional plant and machinery
- Working Capital Requirements
- General Corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 40 | 34 | 37 | 48 | 62 |
| Operating ProfitCr | 1 | 1 | 3 | 4 | 5 |
| OPM% | 2.4 | 3.2 | 6.9 | 7.7 | 7.6 |
| PBTCr | 0 | 0 | 2 | 3 | 4 |
| PATCr | 0 | 0 | 2 | 2 | 3 |
| EPS | 1 | 1 | 4 | 5 | 6 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 4 | - |
| ReservesCr | 0 | 0 | 2 | 2 | - |
| BorrowingsCr | 8 | 7 | 10 | 8 | - |
| Total AssetsCr | 15 | 15 | 19 | 20 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 1 | -1 | 2 | -11 |
| Investing Cash FlowCr | 0 | 0 | 0 | 0 | -5 |
| Financing Cash FlowCr | 0 | -1 | 2 | -2 | 16 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Expand our Product Range
- Increasing Geographical Presence.
- Competitive Pricing.
- Competitive Strength.
- Competitive Strength.
- Continue to build client relationship and trust.
Risks · as stated in the DRHP
- 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.