Market Performance
Krupalu Metals share price failed to impress investors on its listing day, September 16, 2025. The stock entered the market at ₹57.60 per share on the BSE SME platform, marking a sharp 20% discount to its IPO issue price of ₹72.
Such a weak debut highlights the cautious mood among investors despite a fully subscribed IPO. In recent SME listings, market sentiment has played a major role in determining opening valuations, and Krupalu Metals was no exception.
Main News: Krupalu Metals IPO Listing Day
The much-awaited Krupalu Metals SME IPO did not meet Street expectations. The listing price mirrored the lack of premium in the grey market, where the stock had been trading at ₹0 GMP ahead of its debut.
This flat-to-negative sentiment translated into a disappointing market entry. Despite a healthy subscription during the IPO phase, the stock’s listing price underlined investor restraint.
Company & IPO Details
Krupalu Metals’ IPO journey offers a deeper look at its market debut:
- IPO Size: ₹13.48 crore
- Fresh Issue: 19 lakh equity shares
- Price Band: ₹72 per share
- Lot Size: 1,600 shares
- Minimum Investment (Retail): ₹2,30,400 (for 2 lots = 3,200 shares)
Subscription Data
- Overall Subscription: 2.96 times
- Retail Quota: 1.85 times
- NII Quota: 6.45 times
The issue closed on September 11, 2025, with allotment finalized on September 12. Listing followed on September 16, 2025, at a weaker-than-expected price.
Utilization of Funds
The company plans to use the IPO proceeds for:
- Working capital requirements
- General corporate purposes
Key players in the IPO process included:
- Lead Manager: Finshore Management Services Ltd.
- Registrar: Cameo Corporate Services Ltd.
- Market Maker: Anant Securities
About Krupalu Metals
Founded in 2012, Krupalu Metals Limited has built its presence in the brass and copper manufacturing industry.
The company manufactures and supplies:
- Brass and copper sheets & strips
- Components like inserts, pipe fittings, terminals, bus bars
- Customized parts for industrial needs
- Job work services for various clients
Its manufacturing unit, located at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat, is equipped with modern facilities to produce a wide range of high-quality brass and copper products.
Summary
The Krupalu Metals share price listing on BSE SME turned out weaker than anticipated, debuting at ₹57.60, a 20% discount from the IPO price of ₹72.
While the IPO saw moderate demand with 2.96x subscription, the lack of grey market premium and cautious sentiment led to a subdued market entry. For investors tracking SME listings, Krupalu Metals’ debut highlights how subscription strength does not always guarantee listing gains.
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