The Sai Swami Metals & Alloys date has been confirmed from April 30 – May 3, 2024.
Sai Swami Metals & Alloys IPO is a fixed price issue of Rs 15.00 crores. The price bands is ₹60 per share.
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Key Details Of Sai Swami Metals & Alloys IPO
Bidding Dates
April 30 – May 3, 2024
Price Range
₹60 per share
Face Value
₹10 per share
GMP
₹50
Sai Swami Metals & Alloys IPO GMP
The Sai Swami Metals & Alloys IPO GMP is ₹50.
IPO Overview
The subscription period for the Sai Swami Metals & Alloys IPO will commence on April 30, 2024 and conclude on May 3, 2024. The allotment of shares for this IPO is anticipated to be finalized on Monday, May 6, 2024. BSE SME has been designated as the listing platform for the Sai Swami Metals & Alloys IPO, with a tentative listing date set for Wednesday, May 8, 2024.
Investors can acquire shares of the Sai Swami Metals & Alloys IPO at a price of ₹60 per share. The minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹120,000 for retail investors. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, equivalent to 4,000 shares, amounting to ₹240,000.
Sai Swami Metals & Alloys IPO Details
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,117,710 |
| Share holding post issue | 6,617,710 |
Sai Swami Metals & Alloys Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 2,617.31 | 2,583.16 |
| Revenue | 3,333.86 | 626.76 |
| Profit After Tax | 179.52 | 3.83 |
| Net Worth | 664.47 | 35.32 |
| Reserves and Surplus | 252.70 | 34.32 |
| Total Borrowing | 743.16 | 610.23 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 27.02% |
| PAT Margin (%) | 5.38 |
Company Profile
Established in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in trading a diverse range of stainless steel products to meet the diverse requirements of our clientele. The company’s extensive product range encompasses various kitchenware items such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and an assortment of utensils. Under the Dolphin brand, the company, along with its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP, is renowned
for its trade and promotion of stainless steel kitchenware products. As of December 31st, 2023, the company has established a distribution network comprising 6 Distributors and over 150 sub-dealers/stockists/retailers, as well as strategic partnerships in regions including Gujarat, Madhya Pradesh, Maharashtra, and beyond.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sai Swami Metals & Alloys Ltd |
| Phone number | +91 99099 70863 |
| Email ID | [email protected] |
| Website | saiswamimetals.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Sai Swami Metals & Alloys IPO FAQs
What is the lot size of Sai Swami Metals & Alloys IPO?
The IPO lot size for Sai Swami Metals & Alloys is 2000 shares, with a minimum investment amount of ₹120,000.
When is Sai Swami Metals & Alloys IPO listing date?
The official listing date for the Sai Swami Metals & Alloys IPO has not been disclosed. The projected date for the Sai Swami Metals & Alloys IPO listing is set for Wednesday, May 8, 2024.
