Sharvaya Metals IPO Maintains Strong Momentum on Day 2 with Robust Retail Bidding
By Shishta Dutta | Published at: Sep 5, 2025 12:19 PM IST
Mumbai, September 5, 2025: The ₹58 crore initial public offering (IPO) of Sharvaya Metals Limited has entered its second day of bidding, with continued interest from investors. As of 11:45 AM today, the issue has received 31.82 lakh bids against 21.47 lakh shares on offer.
Sharvaya Metals Limited is an Indian company that manufactures and exports aluminium products. The company was incorporated in 2014, and its manufacturing unit, which began operations in 2017, is located in Ahmednagar, Maharashtra, India. In FY25, Sharvaya reported ₹112.5 crore in revenue and ₹12.5 crore in net profit.
Overall Subscription At 1.48 Times
As of 11:45 AM, the issue has been subscribed 1.48 times with a total of 1,761 applications. Retail Individual Investors (RII) have subscribed their portion the highest with 2.09 times, followed by Non-Institutional Investors (NII) at 1.01 times, and Qualified Institutional Buyers (QIBs) at 0.90 times.
- QIBs: Shares offered at 5,70,000, shares bid for at 5,12,400
- Non-Institutional Investors (NII): Shares offered at 5,78,400, shares bid for at 5,85,000
- Retail Individual Investors (RII): Shares offered at 9,98,400, shares bid for at 20,84,400
Bid Price Trends
Demand continued to cluster at the upper band of ₹196 per share:
| Bid Price (₹) | Quantity Bid |
|---|---|
| 192 | 31,81,800 |
| 193 | 31,75,800 |
| 195 | 31,73,400 |
| 196 | 31,69,800 |
₹16.72 Crore Raised From Anchor Investors
Ahead of Sharvaya Metals IPO opening, Sharvaya Metals raised ₹16.72 crore from anchor investors on September 3, 2025. The company allocated 8,53,200 equity shares at ₹196 each. Seven institutional investors participated, including NAV Capital VCC-NAV Capital Emerging Star Fund, Craft Emerging Market Funds, Krushaam Nexus Capital, Pentaeam Inventure Capital, Beacon Stone Capital, and Lords Multigrowth Fund.
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