Sharvaya Metals is engaged in the business of providing Aluminium products to both domestic and international customers. The Company has been in existence for more than Ten (10) years and they have started the manufacturing unit in the year 2017. They have the extensive product range, which includes the manufacturing of Aluminium Alloyed Ingots, Aluminium Billets, Aluminium Slabs, Aluminium Sheets, Aluminium Circles and Electric Vehicle (EV) battery housing, also known as a battery case or battery enclosure, that protects the battery cells from damage and provides structural support.

Sharvaya Metals, an Book Built Issue, amounting to ₹ 58.8 Crores, consisting an Fresh Issue of 25.00 Lakh Shares worth ₹ 49.00 Crores and an Offer for Sale of 5.00 Lakh Shares totaling to ₹ 9.8 Crores. The subscription period for the Sharvaya Metals IPO opens on September 04, 2025, and closes on September 09, 2025. The allotment is expected to be finalized on or about Wednesday, September 10, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Friday, September 12, 2025.

The Share Price Band of Sharvaya Metals IPO is set at ₹ 192 to ₹ 196 per equity share. The Market Capitalisation of the Sharvaya Metals at IPO price of ₹ 196 per equity share will be ₹ 196.59 Crores. The lot size of the IPO is 600 shares. Individual investors are required to invest a minimum of 2 lots (1,200 shares), amounting to ₹ 2,35,200.

Expert Global Consultants Private Limited is the book running lead manager of the Sharvaya Metals, while Bigshare Services Private Limited is the registrar for the issue. Globalworth Securities Limited is the sole Market Maker for Sharvaya Metals IPO.

Sharvaya Metals Limited IPO GMP Today
The Grey Market Premium of Sharvaya Metals IPO is expected to be ₹ 14 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Sharvaya Metals Limited IPO Live Subscription Status Today: Real-Time Update
Sharvaya Metals IPO will be open for its subscription on 04 September, 2025.

Sharvaya Metals Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
29 August 2025	₹ 196	₹ 210	₹ 14 (7.14%)	11:30 PM; 29 August 2025

Sharvaya Metals Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Sharvaya Metals IPO allotment date is 10 September, 2025, Wednesday. Sharvaya Metals IPO Allotment will be out on 10th September, 2025 and will be live on Registrar Website from the allotment date. Check Sharvaya Metals IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Sharvaya Metals Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Sharvaya Metals Limited IPO
Sharvaya Metals to utilise the Net Proceeds towards the following objects: 
1. ₹ 900.00 Lakh is required to meet the working capital requirements;
2. ₹ 517.44 Lakh is required to fund capital expenditure for Civil construction and electrification;
3. ₹ 2,040.32 Lakh is required to fund capital expenditure for purchase of Plant and Machinery; and
4. General corporate purposes

Refer to Sharvaya Metals Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Sharvaya Metals Limited

BUSINESS OVERVIEW

Sharvaya Metals Limited has been engaged in the business of providing aluminium products to both domestic and international customers for over 10 years. The company commenced its manufacturing operations in 2017 and has since developed an extensive product portfolio that includes Aluminium Alloyed Ingots, Aluminium Billets, Aluminium Slabs, Aluminium Sheets, Aluminium Circles, and Electric Vehicle (EV) Battery Housings (Battery Cases/Enclosures).

These products find applications across diverse industries such as cookware, consumer appliances, electric vehicles, LED lighting, aviation, defence, automotive, construction, and aluminium extrusion sectors. Customers include direct OEMs as well as suppliers to OEMs, ensuring strong linkages across multiple industry value chains.

Manufacturing Facility

The company operates a state-of-the-art manufacturing unit located at Gat No. 59, 17th KM Stone, Village Bhalwani, Nagar-Kalyan Highway, Taluka Parner, District Ahmednagar, Maharashtra, India. The facility benefits from strategic location advantages such as transportation connectivity, availability of skilled labour, reliable power, and water supply.

The unit is equipped with advanced machinery and infrastructure for:

• Sorting aluminium scrap

• Manufacturing ingots, billets, slabs, sheets, extrusion dies, and circles

• Storage of raw materials and finished goods

• Quality control and R&D laboratory

The facility includes a PLC-controlled 10-tonne aluminium melting furnace with a casting line for alloyed ingots and billets, supported by modern machinery such as slab heating machine, hot & cold rolling mills, annealing furnaces, circle cutting and punching machines, band saw machines, and straightening equipment.

Product Portfolio

Sharvaya Metals’ portfolio is categorised into six major product lines:

1. Aluminium Sheets & Circles

   • Manufactured with advanced technology in varying sizes, thicknesses, and alloys, tailored to customer specifications.

   • Applications: Cladding, insulation, packaging, roofing, transportation, and construction.

   • Aluminium circles are extensively used in cookware, utensils, LED lights, and electrical appliances.

2. Aluminium Billets

   • Designed for the global extrusion industry, with properties optimised for extrusion speed and strength.

   • Used in engine parts, custom-made products, and extrusion profiles across automotive, engineering, and infrastructure industries.

3. Aluminium Alloyed Ingots

   • Produced from scrap aluminium or bauxite ore, widely used in casting processes (gravity, sand, and high-pressure die casting).

   • Applications span automotive, aerospace, construction, packaging, marine, electricals, renewable energy, and shipbuilding industries.

4. Aluminium Slabs

   • Utilised in the rolling industry for production of sheets, foils, coils, utensils, and consumables.

   • Manufactured with high-quality casting methods, ensuring uniform finish and defect-free surfaces, with finishing options like anodising, powder coating, and painting.

5. Aluminium Extrusion Dies

   • Manufactured from H13 die steel, known for its thermal and mechanical strength.

   • Enables production of continuous aluminium profiles with high precision, efficiency, and durability.

6. EV Battery Housings

   • Lightweight and durable aluminium enclosures designed for electric vehicle batteries, providing protection, thermal safety, and structural support.

   • Plays a critical role in the EV ecosystem, meeting the high safety and performance standards of the automotive sector.

Raw Material Sourcing

Key raw materials include aluminium scrap and ingots, supplemented by magnesium, silicon, and other alloys at various production stages. Sourcing is done through a combination of domestic procurement and imports.

• 25% to 50% of raw materials are imported, primarily from USA, UAE, Singapore, Israel, Kuwait, and Thailand.

• Ingots are largely acquired from the domestic market, while high-quality aluminium scrap is imported.

• Efficient supplier negotiations, lead-time management, and direct sourcing practices ensure timely supply of inputs.

• Raw materials are stored in the company’s own facility to optimise production schedules.

Customers and Applications

The company supplies to a broad customer base including:

• OEM suppliers in cookware industries

• Tier-one vendors in the automobile sector

• Manufacturers of LED lighting components

By working closely with customers, Sharvaya Metals designs products aligned with emerging industry trends and evolving market requirements, with a particular focus on the automotive, engineering, and EV sectors.

Financial Performance

The company has demonstrated robust financial growth in recent years:

• Revenue from Operations increased from ₹7,015.04 lakhs in FY 2023 to ₹11,251.66 lakhs in FY 2025, reflecting a CAGR of 26.65%.

• Net Profit surged from ₹194.96 lakhs in FY 2023 to ₹1,250.93 lakhs in FY 2024, marking a CAGR of 153.30%.

Strategic Direction

Sharvaya Metals continues to expand its product portfolio with new designs and customised solutions, strengthening its position in high-growth industries such as automobiles, EVs, defence, and renewable energy. With a focus on innovation, customer-driven R&D, and sustainable raw material sourcing, the company is well positioned to capture the increasing demand for aluminium products in both domestic and international markets.

As of March 31, 2025, the company had an employee base of 30 employees. The Banker to the company is Indian Bank.

INDUSTRY ANALYSIS

Aluminium Industry in India 

The Indian aluminium industry is one of the most significant contributors to the country’s industrial growth, with applications spanning across transportation, power, construction, aerospace, defence, consumer durables, and packaging. Aluminium’s strength lies in being lightweight, recyclable, energy-efficient, and sustainable, making it a critical material for the future of green technologies and the energy transition.

Primary Aluminium Production

India’s aluminium production is largely based on the Hall-Héroult smelting process, where alumina is reduced to aluminium using high temperatures of nearly 900°C. The process is extremely energy-intensive, requiring about 13,460 kWh per tonne, with power costs accounting for nearly 40% of the total cost of production. Alumina itself is produced from bauxite through the Bayer process, with about 4 tonnes of bauxite yielding 1 tonne of aluminium.

The primary aluminium industry in India is dominated by NALCO (a PSU), Hindalco (Aditya Birla Group), BALCO (Vedanta-Sterlite), and Vedanta Ltd. Together, these producers have integrated operations, including alumina refineries, smelters, captive power plants, and in many cases, captive bauxite and coal mines. However, they still rely on external linkages and imports to meet the full requirements of raw materials and energy.

Secondary or Recycled Aluminium

Recycling has emerged as a fast-growing segment of the industry. Unlike primary production, recycling aluminium uses only 5% of the energy, retaining 95% of its energy content, making it both economically and environmentally sustainable. India’s recycling sector, though highly fragmented and largely unorganised, has seen rapid growth. The Aditya Birla Group has set up a 25,000-tonne recycling unit in Taloja and has plans for larger facilities in Gujarat.

India imports a significant proportion of its aluminium scrap, which has grown fivefold between FY2018 and FY2024, mainly in the form of ISRI-graded scrap. Domestic scrap contributes only about 10–15% of secondary aluminium production, often used by utensil and extrusion manufacturers. Despite limitations in sorting and refining technologies, recycling continues to expand due to its cost efficiency and growing demand.

Downstream Aluminium Products

The downstream industry in India includes over 4,000 companies, many of which are SMEs and micro enterprises. These companies produce a wide range of intermediate and value-added products, such as rods, bars, plates, wires, foils, sheets, extrusions, auto parts, and packaging materials.

Casting and extrusion are key processes, with over 60% of die-cast demand coming from the automotive sector. Other significant consumers include the construction, telecom, electrical, and aerospace sectors. Aluminium rolling, used for foils and sheets, is another major downstream activity, supplying industries ranging from packaging to solar power.

Demand Growth and Global Outlook

Global aluminium demand is projected to rise sharply from 86.2 million tonnes in 2020 to 119.5 million tonnes by 2030, with transportation, electrical, construction, and packaging driving nearly 75% of this growth.

• The transportation sector, fuelled by the rise of electric vehicles (EVs), will see demand increase from 19.9 Mt to 31.7 Mt by 2030.

• In the electrical sector, aluminium consumption is expected to grow from 10.4 Mt in 2020 to 15.6 Mt by 2030, supported by renewable energy expansion and aluminium replacing copper in transmission cables.

• The construction sector will witness moderate growth, reaching 25.8 Mt by 2030, driven largely by infrastructure and urbanisation in Asia (ex-China).

• The packaging sector will grow from 7.2 Mt to 10.5 Mt, led by rising demand for aluminium cans as a sustainable alternative to plastics.

Decarbonisation policies and the global push for sustainable materials position aluminium as a critical metal for the energy transition.

Indian Aluminium Market Scenario

India is the second-largest producer of aluminium after China, with a primary aluminium production capacity of 4.13 Mt per year. Production by major players increased from 1.90 Mt in FY2022-23 to 2.21 Mt in FY2023-24, marking a growth of 16%. Domestic consumption rose by 12% in FY2023-24, showing resilience despite global challenges.

Currently, India’s per capita aluminium consumption stands at only 3.1 kg, significantly below the world average of 12 kg and far behind China’s 31.7 kg. However, with rising demand across power, transport, renewable energy, construction, and defence, India’s aluminium demand is expected to reach 9 Mt by 2033.

Export and Import Trends

India exports alumina and aluminium mainly to the UAE, Oman, China, and Malaysia. Exports of aluminium and alloys surged 46% to 3.45 Mt in 2021-22. At the same time, imports remain high, particularly of scrap and alloys, with the USA, China, and UAE among the top suppliers. Growing imports pose challenges for domestic producers, especially in terms of cost competitiveness.

Opportunities and Challenges Ahead

The industry stands at a critical juncture. On one hand, government infrastructure projects, renewable energy goals (500 GW by 2032), urbanisation, EV adoption, and railway modernisation (Vande Bharat trains) are expected to drive aluminium demand. The EV sector alone is projected to see aluminium play a central role in batteries, lightweight vehicle design, and charging infrastructure, boosting efficiency by 10–15%.

On the other hand, the sector faces challenges such as rising imports, high production costs, coal shortages for captive power plants, and non-competitive energy prices. To strengthen competitiveness, duty rationalisation, addressing inverted duty structures, and boosting domestic scrap processing capabilities will be critical.

Future Outlook

The Indian aluminium market was valued at USD 11.28 billion in 2023 and is projected to reach USD 19.76 billion by 2030, growing at a CAGR of 7.6%. Supported by ICRA’s projection of 9% annual demand growth, the industry is poised for strong expansion, underpinned by government policy, sustainability goals, and rising consumer demand across multiple sectors.

In the long term, aluminium’s lightweight, recyclable, and energy-efficient properties will ensure its position as a key enabler of clean energy, EVs, green buildings, and sustainable packaging, making it indispensable in India’s economic transformation.

BUSINESS STRENGTHS

1. Fully Integrated Manufacturing Facility
Sharvaya Metals operates a fully integrated and self-sufficient manufacturing facility with ready access to raw materials and consumables. Utilities such as fuel, power, and manpower have posed no hindrance to operations so far. The plant is equipped with advanced machinery for producing aluminium alloyed ingots, billets, and circles. Continuous efforts are made to maintain robust infrastructure and implement technological upgrades, ensuring smooth operations and alignment with evolving market demands. The facility remains technologically advanced with the latest machines and systems.

2. Multi-Product Portfolio
The company maintains a diverse product portfolio designed to function as a one-stop solution for non-ferrous metal products. The current product range includes a wide variety of aluminium offerings, allowing flexibility to adapt to customer-specific requirements. Long-standing relationships are nurtured through strategic alignment of products with client needs. A consistent record of delivering high-quality products and established technical expertise has strengthened customer relationships and generated repeat business.

3. Effective Quality Control Checks
Sharvaya Metals emphasizes stringent quality assurance across every stage of production. The company holds ISO 9001:2015 certification for its quality systems in the manufacture and supply of aluminium sheets, circles, alloyed ingots, slabs, and billets. Quality checks are conducted in three stages: raw material testing, in-process product testing, and finished product testing. Each order is customized to client specifications, with advanced analysis carried out using a 4th generation Spectrometer imported from Spectro GMBH, Germany, ensuring precise chemical composition and product reliability.

4. Customer-Centric Approach
Customer satisfaction forms the core of the company’s business philosophy. Focus is placed on addressing client requirements with special emphasis on consumer appliances. A strong base of repeat customers highlights the commitment to product quality and service reliability. Personalized attention, including consultancy and troubleshooting services, is offered to ensure complete client satisfaction with both products and services.

5. Optimal Utilization of Resources
Sharvaya Metals continually works towards maximizing efficiency through optimal resource utilization. Significant investments have been directed towards strengthening supplier relationships, enhancing procurement processes, and leveraging the expertise of an experienced management team. Regular analysis of existing policies allows identification and correction of operational bottlenecks, leading to improved efficiency and effective deployment of resources. Customized systems and processes have been developed to ensure strong management control and sustainable business growth.

BUSINESS STRATEGIES

1. Catering to Multiple Sectors
Aluminium plays a crucial role in the automobile industry, particularly in vehicles and electric vehicle (EV) applications, owing to its high strength-to-weight ratio and excellent absorption properties. Sharvaya Metals is expanding its business by manufacturing aluminium products and alloys tailored for the automotive and EV sectors. The company is also building a strong marketing and branding strategy to enhance awareness and create clear differentiation in the aluminium market.

2. Integration of Advanced Technology for Cost Efficiency
Investments in advanced technology are aimed at improving cost efficiency, saving time, and enhancing production output. Sharvaya Metals utilizes fully equipped automatic machinery with cutting-edge German technology. In addition, dedicated software has been adopted to streamline record management, automate processes, reduce human error, and increase overall operational efficiency.

3. Strengthening the Business Plan
A focused growth strategy has been designed to enhance marketing initiatives and build deeper customer engagement. Regular communication with clients ensures that stringent requirements are understood and addressed with improved product offerings. The company plans to leverage its website, social media platforms, and other online communication channels to increase consumer awareness of the brand, while continuously improving the quality of products and services.

4. Diversified Customer Base
Sharvaya Metals serves a wide range of customers across both domestic and international markets. Strong product offerings have supported consistent customer retention, while the growth strategy emphasizes creating a robust local presence and leveraging expertise to tap into market opportunities. The company remains committed to acquiring new customers, retaining existing ones, and delivering high-quality products that strengthen brand value. Expansion into additional regions will further increase market reach, supported by long-term customer relationships built on innovation, quality assurance, timely delivery, and reliability.

5. Enhancing Operational Efficiencies
Operational efficiency is a core priority, with emphasis on achieving cost reductions and maintaining competitiveness. This is being pursued through measures such as domestic expansion, backward integration, and leveraging economies of scale. Deeper penetration in existing regions, coupled with the introduction of new product ranges, is expected to open fresh catchment areas and optimize infrastructure. These measures are designed to increase market share, strengthen brand positioning, and improve profitability.

BUSINESS RISK FACTORS & CONCERNS

1. Dependence on Imported Raw Materials
Raw materials such as aluminium scrap are primarily sourced from the Middle East (UAE, Kuwait, Israel, Saudi Arabia), South East Asia (Singapore and Thailand), USA, and Canada. Any adverse economic, political, or regulatory developments in these regions, along with natural calamities or civil disruptions, could impact supply, transportation, and operations. Such events may require adjustments to business strategies, significant capital expenditure, or even temporary suspension of operations, potentially leading to loss of customer confidence and reputational damage.

2. Operational Dependence on a Single Production Facility
The company operates a single production unit located in Ahmednagar, Maharashtra. This exposes operations to localized risks such as social unrest, natural disasters, machinery breakdowns, workforce disruptions, or failures in utilities such as power and water supply. Delays in regulatory approvals or non-compliance with regulatory requirements could also disrupt operations. Any prolonged disruption or shutdown at this facility could materially affect production, financial performance, and market reputation.

3. Volatility in Aluminium Prices
Aluminium prices are subject to significant fluctuations influenced by raw material costs, demand and supply dynamics, international trade volumes, production capacities, transportation costs, and protective trade policies. Additionally, trends in key industries such as automobiles, consumer appliances, and cookware strongly impact demand. A downturn in these industries or sustained low aluminium prices could reduce revenue, margins, and inventory values, adversely impacting financial results and overall business outlook.

4. Risks in Logistics and Transportation Infrastructure
The company relies heavily on third-party logistics, including road transport for domestic operations and freight shipping for imports. Transportation carries risks such as accidents, storms, fire, political instability, port delays, or restrictions during events like pandemics. Disruptions may hinder the timely procurement of raw materials or delivery of finished products, increasing costs and necessitating higher inventory levels, thereby affecting operational efficiency and profitability.

5. Dependence on the Performance of End-User Industries
Sharvaya Metals serves multiple industries including automobiles, tractors, railways, farm equipment, aviation, construction, defense, engineering, extrusions, consumer appliances, and cookware. Adverse developments in any of these sectors directly affect demand for aluminium products, which could negatively impact revenue and growth prospects.

Summary :
Sharvaya Metals operates in a highly dynamic environment influenced by raw material availability, price volatility, operational concentration, and dependence on external industries. Risks relating to supply chain disruptions, geopolitical factors, localized operational challenges, fluctuating aluminium prices, transportation dependencies, and the performance of end-use industries may materially impact the company’s operations, financial condition, and business prospects.