According to a circular uploaded on the BSE website, NAV Capital, Craft Emerging Market Fund, PCC-Sitadel Capital Fund, Krishnam Nexus Capital Scheme I, Pentatem Inventure Capital Scheme I, Bickan Stone Capital VCC and Lord Fund.
According to the circular, the Sharvia Metals paid Rs 196 per script. The size of this transaction is Rs. Collects up to 16.72 crore.
Rs. The initial public ering of Rs 59 crore (IPO) will open for a subscription on September 4 and expires on September 9. The price band has been fixed at Rs 192-196 per share.
IPOs offer to sell Rs 49 crore and sales of Rs 5 lakh shares of equity shares and sales of Rs 9.80 crore.
Revenue from new issues up to Rs 20.4 crore will be used to fund capital costs for the purchase of plant and machinery, to meet the working capital requirements of Rs 9 crore, and Rs. .1.7 crore will be used.
Balance will be used for general corporate purposes.
“This income will help us strengthen the infrastructure, increase production capacity, and support functional capital requirements, as we expand to high growth parts such as electric vehicles and defense,” said Shreyans Kataria of Sharvia Metals and MD.
Sharvaya Metals Limited is engaged in the production of aluminum products, including alloyed English, billets, slabs, sheets, circles and EV battery housing.
On the financial front, the company has paid Rs 12.51 crore in the financial year 25. The total revenue and profit of Rs 112.76 crore.
The company’s shares are proposed to be listed on BSE’s SME platform.
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