Sampat Aluminium Limited, the manufacturer of aluminium wire rods and wires from Gujarat, is going to the BSE SME platform to collect ₹30.53 crores by a 100% fresh issue of 25.44 lakh shares. The book-building offer will be operational from September 17 to September 19, 2025, while the tentative listing will be on September 24, 2025. The band of prices is ₹114–₹120 per share, and the lot size is 1,200 shares. If the upper band is taken, retail investors may apply for a minimum of 2 lots (2,400 shares), which is equivalent to an entry ticket of ₹2.88 lakh, while the HNI minimum is 3 lots (3,600 shares). The company is looking forward to the money received for new manufacturing facilities at Borisana, Mehsana (Gujarat), and for general corporate purposes. Anchor investors committed ₹8.51 crore on September 16, 2025, with 30/90-day lock-ins being the standard practice.
Sampat Aluminium IPO Overview
By utilizing the Properzi process, Sampat Aluminium produces aluminium long products, which are mainly wires and rods, through a continuous casting and hot-rolling route. Their products find applications in areas like electricity distribution, transformers, industrial applications, and building wiring, where aluminium properties of conductivity, corrosion resistance, and weight advantage act as a cost-efficient substitute for copper in most cases.
The company’s old plant at Kalol, Gujarat (8,400 MTPA) comes with design, casting, machining, and in-house quality testing. In FY25, the firm made 4,222 MT of aluminium rods (7.5-20 mm; 98-99.5% purity) and 1,085 MT of aluminium wires (5.5-6.5 mm). As of July 31, 2025, there were 26 employees across functions in the organisation. Sanket Sanjay Deora, Sanjay Vimalchand Deora, Ekta Sanket Deora, Sampat Heavy Engineering Limited are the promoters.
| Field | Details |
| Legal Name | Sampat Aluminium Limited |
| Founded In | 1999 |
| Headquarters | Kalol, Gandhinagar, Gujarat |
| Address | Block No. 265, Rakanpur, Opp. Manpasand Waybridge, Kalol, Gandhinagar – 382721 |
| Registrar | Cameo Corporate Services Ltd. |
| Promoters & Key Leaders | Sanket S. Deora, Sanjay V. Deora, Ekta S. Deora, Sampat Heavy Engineering Ltd. |
Sampat Aluminium: Business Model & Operations
Sampat Aluminium is primarily engaged in the production of aluminium rods and wires through a make-to-order / make-to-stock model. Production materials comprise aluminium ingots, rods, wires, and recycled scraps which are reprocessed through the Properzi continuous casting line and hot-rolled to the required diameter and then, depending on customer specifications, the products are drawn or finished.
Product lines & end-use
- Aluminium Rods (7.5–20 mm; 98–99.5% purity): These are used in the construction sector, for making cars, electrical appliances, and steel de-oxidation in foundries.
- Aluminium Wires (5.5–6.5 mm; 98–99.5% purity): They are used for power transmission, wiring of old and new buildings, transformers, and telecom.
The new Borisana, Mehsana plant is expected to increase capacity, allow de-bottlenecking of the existing operations and facilitate better delivery timelines for institutional clients. The company ranks among its strong performing factors a wide customer base, an effective supplier network, and the larger geographical area covered.
Sampat Aluminium Financial Performance
Topline grew at a slower pace in FY25 while profit margins rose slightly compared to FY24, and net worth increased due to retained earnings. Shareholders loans were slightly raised to finance ongoing growth investments. The July 2025 stub period denotes vibrant operations, highlighting that demand was relatively close to the present and that inventory movements were typical for industrial intermediates.
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | ₹75.74 Cr | ₹70.03 Cr | ₹51.56 Cr | ₹37.20 Cr |
| Total Income | ₹52.30 Cr | ₹133.00 Cr | ₹148.92 Cr | ₹131.03 Cr |
| Profit After Tax | ₹3.35 Cr | ₹6.93 Cr | ₹6.58 Cr | ₹1.42 Cr |
| EBITDA | ₹5.11 Cr | ₹11.55 Cr | ₹10.50 Cr | ₹2.66 Cr |
| Net Worth | ₹25.85 Cr | ₹22.49 Cr | ₹13.19 Cr | ₹3.61 Cr |
| Reserves & Surplus | ₹19.91 Cr | ₹16.56 Cr | ₹9.11 Cr | ₹2.53 Cr |
| Total Borrowing | ₹24.27 Cr | ₹23.57 Cr | ₹20.65 Cr | ₹16.70 Cr |
Sampat Aluminium SME IPO Details
The offer is by way of a book-building mechanism without any OFS portion, and the company will receive the net proceeds. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the BRLM for this issue. Market Maker role will be fulfilled by Globalworth Securities Ltd. The shares are likely to be listed on BSE SME.
| Field | Details |
| IPO Date | Sep 17–19, 2025 |
| Listing Date | Sep 24, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114–₹120 per share |
| Lot Size | 1,200 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 25,44,000 shares (₹30.53 Cr) |
| Reserved for Market Maker | 1,68,000 shares (₹2.02 Cr) – Globalworth Securities Ltd. |
| Net Offered to Public | 23,76,000 shares (₹28.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 59,37,100 shares |
| Shareholding Post-Issue | 84,81,100 shares |
Anchor Placement: ₹8.51 crore was raised on Sep 16, 2025. Anchor lock-ins: Oct 22, 2025 (50%) and Dec 21, 2025 (balance) were the dates.
Objectives of the Sampat Aluminium IPO Issue
As per the company’s plan, the funds will be utilized in the following manner:
- Starting a new manufacturing plant at Borisana, Mehsana (Gujarat) – ₹233.21 million (₹23.32 crore) is for plant & machinery and other related capex.
- General corporate purposes – to support working capital, governance, systems, and growth initiatives.
- The Borisana facility is intended to add capacity, broaden the product window, and improve turnaround times for institutional orders.
Company Strengths
Customer base that is both diversified and loyal and has been established with the industrial and electrical ecosystems for a long time.
- Highly efficient supplier network which is good for feedstock availability and delivery schedules.
- The company’s extensive geographic presence in the consumption clusters that are most important.
- Promoter team with the rich experience in the domain of aluminium long products.
- Profitability demonstrated and an increasing net worth, the process discipline being of great help.
Risks & Challenges
- The company is exposed to commodities: the price volatility of aluminium can narrow the spreads and the needs of working capital can go up in upcycles.
- Relative to the competition: The company can be negatively affected by the fight against more extensive integrated players in the areas of price and credit terms.
- Concentration of customers: This is typical of B2B metal intermediates, and can have an impact on the negotiation and inventory cycles.
- Risk of failure for the new factory: the timeline, the cost overrun, the commissioning curve.
- Large retail ticket size: Minimum application of ₹2.88 lakh may limit participation depth.
Conclusion
Sampat Aluminium is a maker of aluminium long-products and has a well-thought, easily scalable solution that serves the power, industrial, and construction sectors. Although revenue in FY25 was weak, profit worsened and the balance sheet got weaker. The Borisana capex is the main gear – if you kill it on time and use it well, you will probably get operating leverage and delivery cycles will be shortened.
Investors are advised to consider the company’s record, promoter experience, and planned capacity addition against commodity cyclicality, capex execution, and the higher retail entry ticket.
FAQs
What does Sampat Aluminium do?
It makes aluminium rods and wires that are used in electricity distribution, transformers, industrial applications, and building wiring.
When will Sampat Aluminium SME IPO open and close?
September 17, 2025, and September 19, 2025, are the opening and closing dates, respectively; tentative listing is on September 24, 2025.
What is the issue size and structure?
₹30.53 crore, 100% fresh issue of 25.44 lakh shares; no OFS.
What is the price band and minimum application?
₹114–₹120 per share; lot size 1,200 shares; retail minimum 2 lots (2,400 shares) = ₹2.88 lakh at upper band.
Where will the shares be listed?
They will be listed on the BSE SME platform.
Who are the promoters?
Sanket S. Deora, Sanjay V. Deora, Ekta S. Deora, and Sampat Heavy Engineering Limited.
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