Krupalu Metals Ltd IPO

About Krupalu Metals Ltd

Krupalu Metals Limited was originally incorporated as a Private Limited Company in the name of Krupalu Engineering Services Private Limited on March 05, 2009 under the provisions of the Companies Act, 1956 bearing Corporate Identification Number U29190GJ2009PTC056265 issued by Assistant Registrar of Companies - Gujarat, Dadra and Nagar Havelli. Subsequently the name of the company was changed to Krupalu Metals Private Limited vide a fresh Certificate of Incorporation consequent upon name change of the Company dated September 16, 2011 bearing Corporate Identification Number U27205GJ2009PTC056265 issued by Registrar of Companies - Gujarat, Dadra and Nagar Havelli. Subsequently, the company gets converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to Krupalu Metals Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 20, 2024 bearing Corporate Identification Number U27205GJ2009PLC056265 issued by Central Processing Centre.

Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. With 17% of the nation's GDP and over 27.3 million workers, the manufacturing sector plays a significant role in the Indian economy. Through the implementation of different programmes and policies, the Indian government hopes to have 25% of the economy's output come from manufacturing by 2025. India's Capital Goods manufacturing industry serves as a strong base for its engagement across sectors such as Engineering, Construction, Infrastructure and Consumer goods, amongst others. The engineering sector is the largest of the industrial sectors in India. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations. Demand for engineering sector services is being driven by capacity expansion in industries like infrastructure, electricity, mining, oil and gas, refinery, steel, automobiles, and consumer durables.

Krupalu Metals Limited is engaged in the manufacturing of wide range of brass and copper products. The company specializes in producing brass and copper sheets and strips, metal components, and providing various job work services. These metal components include cutting components, inserts, pipe fittings, profiles, terminals, electrical components, bus bars, and many other customized products. In addition to its manufacturing capabilities, the company also trades raw materials, ensuring that it has access to a diverse range of metal products to meet the specific requirements of its customers across different industries. The factory and registered office of the company is situated at Plot No. 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat, India, 361009.

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