Eswari International Metallic Industries information papers for Rs 1,100-1,300-cr IPO
The proposed IPO contains a contemporary situation of fairness shares price as much as Rs 500 crore and an offer-for-sale (OFS) of as much as 1.32 crore fairness shares by promoters and one other promoting shareholder, in keeping with the draft crimson herring prospectus (DRHP) filed on Sunday.
The promoters offloading shares by means of the OFS are C Bharanikumar, Pradeep Chandrasekaran, Prasath Chandrasekaran, Sabarinathan Anbalagan, Hari Sudhan A, Nithin Arumugam, P Anbalagan and P Arumugam, whereas Palaniappan Ramalingam is the opposite promoting shareholder.
The Coimbatore-based firm can also contemplate a pre-IPO placement of as much as Rs 100 crore in session with the book-running lead managers. If such a placement is accomplished, the scale of the contemporary situation will probably be diminished accordingly.
As per market sources, the IPO measurement is pegged at Rs 1,100 crore to Rs 1,300 crore.
Proceeds from the contemporary situation will embrace Rs 150 crore to part-finance capital expenditure in the direction of the Part-II enlargement of its manufacturing facility at Mundra in Gujarat, Rs 250 crore for cost of debt, with the remaining funds for use for basic company functions, the draft papers confirmed.
Integrated in 1987, Eswari International Metallic Industries is an built-in multi-metal and waste recycling and value-added manufacturing firm engaged in recycling non-ferrous metals, plastics and e-waste.It manufactures value-added merchandise together with pure lead and lead alloys, aluminium alloys, copper ingots, tin merchandise and plastic granules catering to industries corresponding to battery manufacturing, automotive and industrial sectors.
The corporate operates 9 manufacturing services throughout Karnataka and Tamil Nadu by means of itself and its subsidiaries, with a complete put in manufacturing capability of 165,106 metric tonnes each year (MTPA) as of December 31, 2025.
For the 9 months ended December 2025, the corporate reported a income of Rs 1,401.5 crore and a web revenue of Rs 83.9 crore.
DAM Capital AdvisorsICICI Securities and Motilal Oswal Funding Advisors are the book-running lead managers to the difficulty, whereas KFin Applied sciences is the registrar.
