New Delhi: Enlight Metals Pvt. Ltd., one of India’s fastest-growing metal aggregation and recycling companies, has announced its plans to launch an Initial Public Offering (IPO) by 2028, underscoring its rapid growth trajectory and ambitions to become a leading player in India’s industrial materials sector.
The company has reported ₹150 crore in revenue this year and projects a steep rise to ₹400 crore by FY26 and over ₹1,200 crore by FY27, driven by surging demand from infrastructure, construction, and manufacturing industries. The company’s national expansion strategy, coupled with technology-driven sourcing and processing capabilities, has positioned it as a key consolidator in India’s fragmented metal supply chain.
Enlight Metals plans to use the proceeds from its upcoming IPO to expand processing facilities, invest in automation, and strengthen logistics infrastructure across major industrial hubs. It is also exploring strategic partnerships with large steel and aluminium manufacturers to enhance supply security and sustainability.
Company officials highlighted that the metal recycling sector is gaining momentum due to India’s focus on sustainable development, circular economy, and raw material security. With the government’s emphasis on infrastructure and green manufacturing, the sector is expected to see exponential growth over the next few years.
If successful, Enlight Metals’ IPO could mark one of the most significant listings in the industrial materials and recycling segment by the end of the decade, reflecting growing investor confidence in India’s industrial transformation.