Eswari Global Metal Industries files papers for Rs 1,100-1,300-cr IPO

Eswari Global Metal Industries has filed draft papers with SEBI for an IPO sized at Rs 1,100-1,300 crore, comprising a fresh issue of up to Rs 500 crore and an offer-for-sale of up to 1.32 crore equity shares by promoters and another selling shareholder. The Coimbatore-based multi-metal recycling company will use fresh issue proceeds of Rs 150 crore for capex at its Mundra facility and Rs 250 crore for debt repayment. It reported revenue of Rs 1,401.5 crore and net profit of Rs 83.9 crore for the nine months ended December 2025, and may also consider a pre-IPO placement of up to Rs 100 crore.