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Krupalu Metals IPO
Krupalu Metals Ltd
₹1,15,200 /1600 sharesMinimum Investment
Krupalu Metals IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 8 Sep ‘25 - 11 Sep ‘25 | ₹2,30,400 | 1,600 | ₹72 - ₹72 |
| Issue Size | IPO Doc |
|---|---|
| 13.48Cr | RHP PDF |
About Krupalu Metals
Founded in
2009
Managing director
Mr. Jagdish Parsottambhai Katariya
Parent organisation
Krupalu Metals Ltd
Strengths & Financials of Krupalu Metals
Strengths
Risks
The company is ISO 9001:2015 certified for its quality management systems.
The company claims to have strong client relationships that contribute to repeat business. The company states that this has enabled long-term associations with customers and supported a strong customer retention strategy, resulting in multiple repeat orders.
The company claims to be committed to delivering high-quality products. It further states that it follows the quality standards specified by its customers and ensures that all offerings meet these requirements.
The company states that it has a dedicated quality assurance team responsible for overseeing daily testing. They ensure that all products meet the standard parameters prescribed by British Quality Certification (BQC) Assessment Private Limited under the scope of International Accreditation Forum (IAF) Code 17.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 33.57 crore in FY23 to Rs 37.11 crore in FY24 and Rs 48.39 crore in FY25. PAT increased from Rs 0.42 crore in FY23 to Rs 1.55 crore in FY24 and Rs 2.15 crore in FY25.
The company reported negative cash flows from operating activities amounting to Rs 1.44 crore in FY24. It also reported negative cash flows from investing activities, which amounted to Rs 0.09 crore in FY25, Rs 0.06 crore in FY24, and Rs 0.05 crore in FY23. Furthermore, the company recorded negative cash flows from financing activities amounting to Rs 1.98 crore in FY25 and Rs 1.13 crore in FY24. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company derives a significant portion of its revenue from the sale of sheets (brass and copper). Sheets accounted for Rs 30.09 crore (62.20 percent) of the company’s total revenue in FY25, Rs 22.33 crore (60.18 percent) in FY24, and Rs 25.57 crore (76.16 percent) in FY23. Any adverse changes in the demand for this product in the market or disruption in its manufacturing process could negatively affect the company’s operations and finances.
The company’s top 5 customers accounted for Rs 23.84 crore (49.27 percent) of the company’s total revenue in FY25, Rs 19.15 crore (51.60 percent) in FY24, and Rs 15.82 crore (47.11 percent) in FY23. Any loss of any of these customers due to dissatisfaction with the company’s products, availability of competitive alternatives at lower prices, or fluctuations in general economic conditions could adversely affect the company’s operations and finances.
The company’s top 5 suppliers accounted for Rs 22.80 crore (51.25 percent) of the company’s total purchases in FY25, Rs 16.41 crore (45.48 percent) in FY24, and Rs 16.14 crore (50.70 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
One of the directors, Jagdish Katariya, was arrested in the past in connection with allegations that the company had sold or removed stock in cash without proper records. These claims were based on a private statement without concrete evidence. Although the company follows compliance measures and precautions, there is no guarantee that similar issues or legal actions will not arise again. Such incidents could negatively impact the company’s reputation, operations, financial position, and overall performance.
All manufacturing operations are based in Jamnagar, Gujarat, with activities concentrated in Western India. Any disruption in this area could adversely affect the production, delay the transport of raw materials or finished goods, and negatively impact the company’s operations.
The company’s revenue is heavily dependent on sales within Gujarat. It accounted for 86.35 percent of the company’s total revenue in FY25, 88.46 percent in FY24, and 95.12 percent in FY23. Any adverse social, political, or economic development in this region could negatively impact the company’s operations and finances.
The company, its directors, promoters, and group companies are involved in certain legal proceedings, including criminal and tax-related cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company has total indebtedness amounting to Rs 8.37 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Krupalu Metals Financials
*All values are in Rs. Cr
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Application Details of Krupalu Metals IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹72 - 72 | ₹2 - 5 Lakh |
For Krupalu Metals IPO, eligible investors can apply as Individual investor.