Sharvaya Metals Ltd IPO

About Sharvaya Metals Ltd

Our Company was originally incorporated as private limited Company under the name Sharvaya Metals Private Limited under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Pune, Maharashtra on March 11, 2014. Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at the general meeting of our Company held on January 25, 2024, and the name of our Company was changed to `Sharvaya Metals Limited' and a fresh certificate of incorporation dated February 09, 2024, was issued by the Registrar of Companies, Pune, Maharashtra. The Corporate Identity Number of our Company is U27310PN2014PLC150937.

The Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges. The Indian economy has consolidated its post-Covid recovery with policymakers - fiscal and monetary - ensuring economic and financial stability. Nonetheless, change is the only constant for a country with high growth aspirations. For the recovery to be sustained, there has to be heavy lifting on the domestic front because the environment has become extraordinarily difficult to reach agreements on key global issues such as trade, investment and climate. High economic growth in FY24 came on the heels of growth rates of 9.7% and 7.0%, respectively, in the previous two financial years. The headline inflation rate is largely under control, although the inflation rate of some specific food items is elevated. The trade deficit was lower in FY24 than in FY23, and the current account deficit for the year is around 0.7% of GDP. In fact, the current account registered a surplus in the last quarter of the financial year. Foreign exchange reserves are ample. Public investment has sustained capital formation in the last several years even as the private sector shed its balance sheet blues and began investing in FY22. Now, it has to receive the baton from the public sector and sustain the investment momentum in the economy. The signs are encouraging. National income data show that non-financial private-sector capital formation, measured in current prices, expanded vigorously in FY22 and FY23 after a decline in FY21. However, investment in machinery and equipment declined for two consecutive years, FY20 and FY21, before rebounding strongly. Early corporate sector data for FY24 suggest that capital formation in the private sector continued to expand but at a slower rate.

We are engaged in the business of providing Aluminium products to both domestic and international customers. Our Company has been in existence for more than Ten (10) years and we have started our manufacturing unit in the year 2017. We have our product range, which includes the manufacturing of Aluminium Alloyed Ingots, Aluminium Billets, Aluminium Slabs, Aluminium Sheets, Aluminium Circles and Battery Housing of EV's. Our products find application across various industries including Cookware, Consumer Appliances, Electric Vehicle, LED, Aviation, Defence, Automotive, Extrusions, Constructions etc. As of the date of this Red Herring Prospectus, we covered direct OEM customers and supplier to the OEM as well in India and international market. We operate out of our manufacturing unit located at Gat No 59, 17th KM Stone, Vill. Bhalwani, Nagar-Kalyan Highway, Tal. Parner, Dist. Ahmednagar, Maharashtra, India. Our manufacturing unit is strategically located with availability of transportation, which facilitates convenient transportation of our products.