Krupalu Metals IPO opens for subscription. GMP among key details to know before subscription

Krupalu Metals, a Jamnagar-based manufacturer of brass and copper products, opened its IPO on Monday. The Rs 13.48 crore issue will close on Thursday. The issue is being offered at a fixed price of Rs 72 per share. It consists entirely of a fresh issue of 18.72 lakh equity shares, aggregating to Rs 13.48 crore. Ahead of the issue opening, the GMP for Krupalu Metals IPO is currently flat at zero. This suggests a cautious sentiment around the IPO in terms of listing gains.
9 IPOs opening this week see GMPs from 0 to 107%. Check for all issues

The lot size has been fixed at 3,200 shares for retail investors, requiring a minimum investment of Rs 2.30 lakh.


Company background

Krupalu Metals is engaged in the manufacturing of a wide range of brass and copper products, including sheets, strips, rods, and customized components. Its product line extends to sheet metal parts, brass washers, stamping parts, and terminals.

The company operates a manufacturing facility in Jamnagar, Gujarat, a region well known as a hub for brass manufacturing. As of July 2025, Krupalu Metals employed 13 permanent staff members, with an additional 40 workers engaged on a contractual basis as needed.

Financials

The company has demonstrated steady growth over the last three years. Revenue rose 31% to Rs 48.50 crore in FY25 from Rs 37.12 crore in FY24, while profit after tax increased 39% to Rs 2.15 crore from Rs 1.55 crore in the same period.

Use of proceeds

Funds raised from the IPO will be utilized to purchase additional plant and machinery, meet working capital requirements, cover issue expenses, and for general corporate purposes.

With a focus on brass and copper products used in multiple industries, Krupalu Metals aims to expand its capacity and strengthen its presence in the domestic market. However, with no visible GMP, investors may adopt a wait-and-watch approach for listing gains.

The listing on the BSE SME platform is scheduled on September 16. Finshore Management Services is the book-running lead manager for the issue, and Cameo Corporate Services is the registrar.