Metalman Auto IPO Date, Review, Price and Key Information

Metalman Auto Limited IPO is fully book build issue and total IPO size is ₹350 crores. The entire share offering is a fresh issue worth ₹350.00 crores.

The dates for the Metalman Auto Limited IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Metalman Auto Limited IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Metalman Auto Limited IPO has not been announced yet.

Registrar for this IPO is Link Intime India Private Limited and lead managers for Metalman Auto Limited IPO are Axis Capital Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	12,636,162 Shares + ₹350 Crores
Fresh Issue	₹350.00 Crores
OFS Issue	12,636,162 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Metalman Auto Limited Company

Metalman Auto Limited: Overview

Metalman Auto Limited, established in 1986, is a leading Indian manufacturer specializing in sheet metal components, tubular fabrication, metal finishing, and assembly for both automotive and non-automotive OEMs. We provide comprehensive solutions as a one-stop shop, focusing on components for two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), commercial vehicles (CV), agri-vehicles (AV), and off-highway vehicles (OHV).

In FY24, our revenue streams included ₹784.25 crore from 2W ICE, ₹69.49 crore from 2W EV, ₹93.72 crore from 3W, ₹56.28 crore from PV, ₹22.17 crore from CV and ₹162.39 crore from OHV categories. We serve top OEMs like Hero MotoCorp, Bajaj Auto, TVS Motor Company, and Honda. Our manufacturing processes are significantly automated, featuring 493 welding robots to ensure high precision and efficiency. We operate nine manufacturing units across five states in India, strategically located to serve our customers effectively. Our global presence extends to North America, South America, Europe and Asia and, where we export components. We employ vendor managed inventory (VMI) basis to service customers in Romania, Germany and the USA.

Our commitment to innovation and quality positions us as a key player in the evolving automotive component market.

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
6.10	16.11%	41.12	N/A	16.34%	15.55%

Offer Objectives

The company plans to raise funds through a fresh issue of equity shares aggregating up to ₹35 crore and an offer for sale of up to 12,636,162 equity shares by the Selling Shareholders.

Objects of the Fresh Issue: The net proceeds from the fresh issue will be utilized for the following:

Part-financing capital expenditure: ₹25 crore will be allocated for procurement of plant and machinery at Pithampur Manufacturing Unit 2.
Repayment/Pre-payment of Borrowings: ₹240 crore will be used to repay or prepay certain borrowings of the Company and Metalman Micro Turners.
General Corporate Purposes: A portion of the proceeds will be allocated for general corporate purposes, not exceeding 25% of the gross proceeds.

The company also expects to benefit from the listing of Equity Shares, enhanced visibility, and the creation of a public market for its shares in India. The proposed schedule for deployment includes utilizing funds in Financial Year 2025 and 2026.

Details of planned machinery procurement for Pithampur Unit 2 include CNC laser machines, high power robots and double column machining centers from vendors like Proteck Machinery and Panasonic, among others, with estimated costs and delivery timelines specified. Fund deployment is based on current estimates and vendor quotations.