Enlight Metals Targets 2028 IPO as It Accelerates National Expansion

07 Nov 2025 CW Team

Enlight Metals, one of India’s fastest-growing metal aggregation companies, has announced plans to launch an IPO by 2028 as it enters a significant scale-up phase. The company has achieved revenue of Rs 1.50 billion this year and is on course to reach Rs 4 billion by FY26 and over Rs 12 billion by FY27, driven by strong demand from India’s manufacturing and infrastructure sectors.

Enlight Metals has emerged as a reliable partner for major infrastructure developments, supplying more than 4,500 tons of steel for the Pune Metro and 1,300 tons for the Udaipur Airport, while working with EPC leaders such as Tata–Gulermak, Shapoorji Pallonji, and J Kumar Infra. The company currently caters to 500+ OEMs—including Tata, JSW, and Eicher—and aims to expand this base to over 1,500 OEMs by FY27.

“Our vision is to build India’s most efficient and transparent metal aggregation platform,” said Vedant Goel, Director, Enlight Metals “A 2028 IPO marks the next step in scaling operations, strengthening our technology ecosystem, and transforming metal procurement in India. Our focus remains on sustainable, tech-enabled growth that delivers long-term value.”

With a technology-first operating model, Enlight Metals runs 24-hour delivery through dark stores in Pune and Mumbai, supported by ERP and CRM integration, WhatsApp-based order capture, and AI-driven demand forecasting. The company plans to open eight additional dark stores and establish its first service centre for steel cutting, slitting, and shearing in FY26, expanding both reach and value-added capabilities.

Backed by strong partnerships, rapid geographic expansion, and a clear digital roadmap, Enlight Metals is positioning itself to reshape India’s metal supply chain and lay the foundation for a successful public listing by 2028.

Infrastructure Urban

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