Sharvaya Metals came to market through an SME IPO that opened on 4 September 2025 and closed on 9 September 2025, and the shares listed on 12 September 2025 on BSE SME. The price band was ₹192 to ₹196 per share and one lot was 600 shares, so the minimum application was ₹1,17,600. The issue size was ₹58.8 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Expert Global Consultants Pvt Ltd was the lead manager.
As of 9 September 2025.
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Incorporated in 2014, Sharvaya Metals Limited is engaged in manufacturing, supplying, and exporting of aluminum products such as alloyed ingots, billets, slabs, sheets, and electric vehicle battery enclosures.Sharvaya Metals Limited offers domestic and international clients aluminum products for industries such as automotive, engineering, and electric vehicles, including OEM suppliers, tier one suppliers, and LED light makers.
The firm has a PLC-operated 10-ton aluminum melting furnace and sophisticated machinery, such as slab heating, rolling, cutting, and punching machines, to produce high-quality aluminum ingots, billets, sheets, and circles.Their products cater to industries like cookware, consumer appliances, automotive, and defense. Products: Aluminium Sheets & Circles: The firm produces aluminum sheets and circles of different sizes, thicknesses, and alloys for construction, cookware, lighting, and electrical appliances, and offers customized products as per customer requirements. Aluminium Billets:
The firm produces aluminum billets for the international extrusion market, providing better extrusion speed and strength. The company utilizes these billets to produce extruded sections for several sectors across the world, improving process recovery and die life. Aluminium Alloyed Ingots: The company produces aluminum alloy ingots from bauxite or scrap, utilized by industries such as automobile, electronics, machinery, and construction for applications such as parts, window frames and doors, and roofing, including gravity, sand, and pressure die casting alloys.
Aluminium Extrusion Dies: The company employs H13 die steel to produce aluminum extrusion dies, which are required for making accurate, efficient continuous profiles with uniform cross-sections, renowned for their superior mechanical and thermal properties. As of 1st October, 2024, the firm had a workforce of 30 employees.
As described in the offer document.
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Shreyans Katariya.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Sharvaya Metals IPO was a ₹58.8 crore book-built issue, comprising a fresh issue of ₹46.06 crore and an offer for sale of ₹9.8 crore. It was priced at ₹192–₹196 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹2,35,200). The IPO was open from September 4 to September 9, 2025 and was subscribed 4.9x.
Shares listed on BSE SME on September 12, 2025 at ₹219, a 11.7% premium to the issue price of ₹196. Bigshare Services Pvt Ltd is the registrar. Expert Global Consultants Pvt Ltd is the book running lead manager.
The price band of Sharvaya Metals IPO is ₹192 to ₹196 per share.
The lot size of Sharvaya Metals IPO is 600 shares.
The minimum investment for Sharvaya Metals IPO is approximately ₹2,35,200 based on the upper price band.
The allotment date of Sharvaya Metals IPO is Sep 10, 2025.
You can check Sharvaya Metals IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sharvaya Metals IPO allotment status on Rupix for quick and easy access.
₹192 to ₹196 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,17,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,17,600, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 4 September 2025 and closed on 9 September 2025.
The basis of allotment was published on 10 September 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 12 September 2025 on BSE SME.
The issue size was ₹58.8 crore. The fresh issue was 23,50,000 shares (aggregating up to ₹46.06 crore). The offer for sale was 5,00,000 shares (aggregating up to ₹9.8 crore).