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Sharvaya Metals IPO
Sharvaya Metals Ltd
₹1,15,200 /600 sharesMinimum Investment
Sharvaya Metals IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 4 Sep ‘25 - 9 Sep ‘25 | ₹2,30,400 | 600 | ₹192 - ₹196 |
| Issue Size | IPO Doc |
|---|---|
| 0 | RHP PDF |
About Sharvaya Metals
Founded in
2014
Managing director
Mr Shreyans Ravindra Katariya
Parent organisation
Sharvaya Metals Ltd
Strengths & Financials of Sharvaya Metals
Strengths
Risks
Sharvaya Metals claims to have a fully integrated manufacturing unit that is self-sufficient in terms of raw materials, consumables, and utilities, such as fuel, power, and labour. The company continuously upgrades its infrastructure and technology to ensure smooth operations and adaptability to changing market demands.
The company has a broad and diverse product portfolio, offering a wide range of aluminium products, such as alloyed ingots, billets, slabs, sheets, and circles. Sharvaya Metals claims to be expanding its offerings to become a one-stop shop for all non-ferrous metal products, enabling it to cater to varied customer needs.
The company is ISO 9001:2015 certified for its quality management systems.
The company places a strong emphasis on customer satisfaction, offering personalised attention and consultancy services to address customer needs. Sharvaya Metals claims to have built long-term relationships with its customers, resulting in repeat business and continued trust in its products.
Sharvaya Metals claims to focus on optimising its resource utilisation by investing in systems, processes, and supplier relationships. The company regularly evaluates its operations to identify bottlenecks and improve efficiency, ensuring that resources are put to best use.
The company has witnessed a consistent increase in revenue from operations. It increased from Rs 40.80 crore in FY22 to Rs 70.15 crore in FY23 and Rs 71.45 crore in FY24.
The top three suppliers accounted for Rs 16.99 crore (47.52 percent) of the company’s total purchases for the period ended September 30, 2024; Rs 20.13 crore (29.13 percent) in FY24; Rs 22.87 crore (34.22 percent) in FY23; and Rs 21.10 crore (52.85 percent) in FY22. Furthermore, the top supplier alone accounted for Rs 10.32 crore (28.85 percent) of the company’s total purchases for the period ended September 30, 2024; Rs 10.13 crore (14.66 percent) in FY24; Rs 10.41 crore (15.58 percent) in FY23; and Rs 10.44 crore (26.16 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The top three customers accounted for Rs 37.73 crore (91.34 percent) of the company’s revenue for the period ended September 30, 2024, Rs 66.98 crore (93.74 percent) in FY24, Rs 55.93 crore (79.73 percent) in FY23, and Rs 23.98 crore (58.78 percent) in FY22. Furthermore, the top customer alone accounted for Rs 26.07 crore (63.09 percent) of the company’s revenue for the period ended September 30, 2024; Rs 39.12 crore (54.75 percent) in FY24; Rs 35.66 crore (50.84 percent) in FY23; and Rs 11.55 crore (28.32 percent) in FY22. Any failure to retain these key customers, expand the customer base, or loss of business from them could adversely affect the company’s business and financial standing.
A significant portion of the company’s raw materials, such as aluminium scrap, is sourced from the Middle East. It accounted for 40.84 percent of the company’s total purchases for the period ended September 30, 2024, 33.34 percent in FY24, 41.16 percent in FY23, and 20.65 percent in FY22. Any adverse political, social, or economic developments or regulatory changes in this country could disrupt the company’s procurement process, affecting manufacturing operations, which could negatively impact its business, results of operations, and financial condition.
The company’s sole production unit is concentrated in one location—Maharashtra. Any disruption in this region could adversely affect the company’s business and financial condition.
The company’s business is highly dependent on the performance of the construction industry. It accounted for Rs 5.54 crore (13.42 percent) of the company’s revenue for the period ended September 30, 2024; Rs 24.73 crore (34.61 percent) in FY24; Rs 18.41 crore (26.25 percent) in FY23; and Rs 10.97 crore (26.88 percent) in FY22. Any adverse changes in the conditions affecting this sector, such as shifts in consumer demand, regulatory changes, or supply chain disruptions, could hurt the demand for the company’s products and, in turn, affect its revenue and financial condition.
As of September 30, 2024, the company had trade receivables of Rs 4.06 crore, representing 13.65 percent of its total assets. For the company’s operations to remain smooth, these trade receivables must be collected on time.
The company, its promoters, directors, and group companies are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company reported negative cash flow from operating activities amounting to Rs 1.39 crore for the period ended September 30, 2024. Additionally, negative cash flow from investing activities amounted to Rs 0.97 crore for the period ended September 30, 2024, and Rs 0.66 crore in FY24. Furthermore, the company reported negative cash flow from financing activities amounting to Rs 2.62 crore in FY24, Rs 4.26 crore in FY23, and Rs 0.66 crore in FY22. The company also reported a net decrease in cash and cash equivalents amounting to Rs 0.05 crore in FY22. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
As of September 30, 2024, the company had financial indebtedness of Rs 16.53 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Sharvaya Metals Financials
*All values are in Rs. Cr
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Application Details of Sharvaya Metals IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹192 - 196 | ₹2 - 5 Lakh |
For Sharvaya Metals IPO, eligible investors can apply as Individual investor.