Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
The SEBI approval for proposed Initial Public Offer (IPO) of Metalman Auto Ltd. expired on October 31, 2025. Metalman Auto Ltd. had filed the DRHP with SEBI on August 14, 2024 for the Initial Public Offer (IPO).
Metalman Auto Ltd. IPO was a Book Build Issue consisting of fresh issue of ₹350.00 crores and an offer for sale (OFS) of upto 1.26 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Axis Capital Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹350 Cr) |
| Offer for Sale | 1,26,36,162 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 8,15,75,220 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Aug 14, 2024 |
| SEBI/Exchange approval received | Thu, Oct 31, 2024 |
| SEBI approval expired | Fri, Oct 31, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 1986, Metalman Auto Limited is engaged in sheet metal fabrication, tubular fabrication, metal finishing, and assembly of components for original equipment manufacturers (OEMs) in the automotive and non-automotive sectors.
The company specializes in manufacturing metal components for two-wheelers (2Ws), including electric vehicles (EVs) and internal combustion engine (ICE) vehicles, three-wheelers (3Ws), passenger vehicles (PVs), commercial vehicles (CVs), agri-vehicles (AVs), and off-highway vehicles (OHVs).
The company supplies components to automotive manufacturers, including Hero MotoCorp Limited, Bajaj Auto Limited, TVS Motor Company Limited, Honda Motorcycle & Scooter India, Case New Holland Construction Equipment (India) Private Limited, LiuGong India Private Limited, Epiroc Mining India Limited, and JCB India Limited.
In addition to its customers in India, the company serves clients in the USA, Canada, Brazil, Chile, Germany, Italy, Sri Lanka, Thailand, Finland, Romania, France, and Taiwan.
The company operates nine manufacturing units across five states in India, with seven units managed directly and two operated through Metalman Micro Turners.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 923.41 | 905.62 | 569.28 |
| Total Income | 1,522.64 | 1,092.69 | 1,036.59 |
| Profit After Tax | 50.00 | 63.11 | 34.96 |
| NET Worth | 335.45 | 285.32 | 218.46 |
| Reserves and Surplus | 329.05 | 279.15 | 215.74 |
| Total Borrowing | 312.72 | 310.65 | 185.44 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Omnitech Engineering Ltd. | Mainboard | ₹583.00 Cr | ₹227 | 54.47 | ₹204.93 | -9.72% | ₹535.40 (-6.43%) |
| Epack Prefab Technologies Ltd. | Mainboard | ₹504.00 Cr | ₹204 | 29.49 | ₹190.66 | -6.54% | ₹258.23 (+4.82%) |
| Aditya Infotech Ltd. | Mainboard | ₹1,300.00 Cr | ₹675 | 21.09 | ₹1,082.65 | +60.39% | ₹3,480.30 (-2.55%) |
| Merritronix Ltd. | SME | ₹70.03 Cr | ₹149 | 11.83 | ₹297.25 | +99.50% | ₹398.85 (-2.83%) |
| Adisoft Technologies Ltd. | SME | ₹74.10 Cr | ₹172 | 12.82 | ₹215.25 | +25.15% | ₹196.45 (+7.35%) |
| Highness Microelectronics Ltd. | SME | ₹21.67 Cr | ₹120 | 16.7 | ₹129.75 | +8.12% | ₹193.75 (+2.46%) |
| Tipco Engineering India Ltd. | SME | ₹60.55 Cr | ₹89 | 8.73 | ₹84.79 | -4.73% | ₹184.15 (+4.99%) |
| Gabion Technologies India Ltd. | SME | ₹29.16 Cr | ₹81 | 12.18 | ₹93.41 | +15.32% | ₹68.22 (-2.82%) |
| Admach Systems Ltd. | SME | ₹42.60 Cr | ₹239 | 19.56 | ₹200.75 | -16.00% | ₹284.00 (-1.70%) |
| Apollo Techno Industries Ltd. | SME | ₹47.96 Cr | ₹130 | 9.43 | ₹151.95 | +16.88% | ₹82.00 (-3.52%) |
| HRS Aluglaze Ltd. | SME | ₹50.92 Cr | ₹96 | 26.07 | ₹132.30 | +37.81% | ₹253.20 (+0.50%) |
| Purple Wave Infocom Ltd. | SME | ₹31.45 Cr | ₹126 | 9.33 | ₹130.50 | +3.57% | ₹113.00 (+0.00%) |
| Shining Tools Ltd. | SME | ₹17.10 Cr | ₹114 | 16.18 | ₹98.80 | -13.33% | ₹92.62 (+0.24%) |
| True Colors Ltd. | SME | ₹127.96 Cr | ₹191 | 14.66 | ₹183.05 | -4.16% | ₹180.15 (+0.70%) |
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | 12.31 | ₹142.90 | +83.21% | ₹247.00 (-1.20%) |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | 9.57 | ₹279.30 | +99.50% | ₹313.30 (+0.13%) |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | 11.29 | ₹220.50 | +28.95% | ₹292.25 (-4.16%) |
| Cryogenic OGS Ltd. | SME | ₹17.77 Cr | ₹47 | 8.06 | ₹93.76 | +99.49% | ₹281.80 (+2.10%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-financing the capital expenditure towards procurement of plant and machinery at Pithampur Manufacturing Unit 2 | 25.00 |
| 2 | Repayment/pre-payment, in part or full, of certain borrowings of the Company and Metalman Micro Turners | 240.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 16.34% |
| ROCE | 15.55% |
| Debt/Equity | 2.34 |
| RoNW | 16.11% |
| PAT Margin | 3.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.13 | |
| Promoter Holding | 100% |
Lead Manager Reports
Metalman Auto IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Metalman Auto IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Metalman Auto IPO using UPI as a payment gateway. Zerodha customers can apply in Metalman Auto IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Metalman Auto IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Metalman Auto IPO dates are not announced. Please check back again after some time.
Metalman Auto IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Metalman Auto IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Metalman Auto IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Metalman Auto IPO allotment status.
The Metalman Auto IPO listing date is not yet announced. The tentative date of listing is .
