New Delhi, September 24 (Udaipur Kiran News): Investors in Sampat Aluminium faced disappointment today as the company’s shares made a flat debut and quickly hit the lower circuit on the stock market.
The aluminium wire rod maker had issued its shares at ₹120 in the IPO. On Tuesday, the stock was listed at the same price of ₹120 on the BSE SME platform. However, heavy selling pressure soon dragged it down to the lower circuit level of ₹114, resulting in a 5% loss for IPO investors on the very first day of trading.
Sampat Aluminium’s ₹30.53 crore IPO, which opened for subscription between September 17 and 19, had received an overwhelming response, being subscribed 169.09 times overall. The QIB portion was subscribed 87.02 times, the NII category saw 295.88 times subscription, and the retail investor portion was subscribed 161.68 times. The IPO offered 25.44 lakh fresh equity shares with a face value of ₹10 each. Funds raised are earmarked for setting up a new manufacturing facility, meeting working capital needs, and general corporate purposes.
Financially, the company has reported steady profit growth. Net profit rose from ₹1.42 crore in FY 2022–23 to ₹6.58 crore in FY 2023–24, and further to ₹6.93 crore in FY 2024–25. Revenue, however, has shown fluctuations — rising from ₹131.03 crore in FY 2022–23 to ₹148.92 crore in FY 2023–24, before falling to ₹133 crore in FY 2024–25.
In the current financial year (FY 2025–26), the company posted a net profit of ₹3.35 crore and revenue of ₹52.30 crore during the April–July period.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
