Sharvaya Metals Ltd Company Summary

Sharvaya Metals Ltd Summary

Sharvaya Metals Limited was 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 on March 11, 2014. The status of the Company was changed to Public Limited , and the name was changed to Sharvaya Metals Limited via fresh Certificate of Incorporation to conversion issued on February 09, 2024 by the Registrar of Companies, Pune. The Company is engaged in the business of providing Aluminium products to both domestic and international customers. It has product range, which includes the manufacturing of Aluminium Alloyed Ingots, Aluminium Billets, Aluminium Slabs, Aluminium Sheets, Aluminium Circles and Battery Housing of EVs. These products find application across various industries including Cookware, Consumer Appliances, Electric Vehicle, LED, Aviation, Defence, Automotive, Extrusions, Constructions etc. The Company has experience in manufacturing Aluminium Alloyed Ingots required for High Pressure Die Castings, Billets required for Aluminium Extrusions Industry and Aluminium Sheets & Circles required primarily for Utensils and cookware Industry.The Company started the manufacturing unit in year 2018 and later, started the exports of aluminium products to Middle East Countries and China in 2020; further made exports of the said products to Italy and African Countries in 2021. Thereafter, it imported the products from Europe, USA and Middle East in 2022. Company is planning an Initial Public Issue of upto 40,00,000 Equity Shares consisting a fresh issue of 30,00,000 Equity Shares through Fresh Issue and 10,00,000 Equity Shares through Offer for Sale.