Sharvaya Metals IPO Enters Day 3 With Strong Retail Demand
By Shishta Dutta | Published at: Sep 8, 2025 03:56 PM IST
Mumbai, September 8, 2025: The ₹58 crore Initial Public Offering (IPO) of Sharvaya Metals Limited is witnessing strong retail demand on Day 3. As of 12:30 PM, total subscription is 2.14 times. Retail investors are leading the subscription, while demand from NIIs is also rising compared to previous 2 days.
Sharvaya Metals Limited is an Indian company that manufactures and exports aluminium products. The company was established on March 11, 2014, and is headquartered in Ahmednagar, Maharashtra, India. The company reported revenue of ₹112.5 crore and a net profit of ₹12.5 crore in FY25.
Retail Investors Leading The Issue With 2,702 Applications
| Category | Shares Offered | Applications Received | Shares Bid For | Subscription (x) |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 5,70,000 | 2 | 5,12,400 | 0.90 |
| Non-Institutional Investors (NII) | 5,78,400 | 114 | 8,39,400 | 1.45 |
| • NII > ₹10 lakh | 2,85,600 | 29 | 6,70,800 | 2.35 |
| • NII ≤ ₹10 lakh | 1,42,800 | 85 | 1,68,600 | 1.18 |
| Retail Individual Investors (RII) | 9,98,400 | 2,702 | 32,42,400 | 3.25 |
| Employees/Shareholders/Policyholders | – | – | – | – |
| Total | 21,46,800 | 2,818 | 45,94,200 | 2.14 |
Interest Concentrated At The Upper Price Band
| Bid Price (₹) | Quantity Bid |
|---|---|
| 192 | 45,94,200 |
| 193 | 45,73,800 |
| 195 | 45,71,400 |
| 196 | 45,61,800 |
₹16.72 Crore Raised From Anchor Investors
Sharvaya Metals Limited raised ₹16.72 crore from anchor investors on September 3. It allocated 8,53,200 shares at ₹196 each to the investors, which included AV Capital Emerging Star Fund, Craft Emerging Market Funds, Krushaam Nexus Capital, Pentaeam Inventure Capital, Beacon Stone Capital, and Lords Multigrowth Fund.
The company plans to use Sharvaya Metals IPO funds for expansion and operational needs. Around ₹20.40 crore is earmarked for the purchase of plant and machinery, while ₹9 crore will be directed towards meeting working capital requirements. A further ₹5.17 crore is planned for civil construction and electrification works at its facilities. The remaining balance, estimated at ₹14.43 crore, will be used for general corporate purposes. The issue also includes an offer for sale component of ₹9.80 crore, the proceeds of which will go to the selling shareholders.
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