Sai Swami Metals and Alloys IPO will open for subscription from 30 April 2024. The company aims for an issue size of ₹15 Cr through this IPO.
Company Overview
| Full name | Sai Swami Metals and Alloys Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.saiswamimetals.com/ |
About Company
Incorporated in 2022, Sai Swami Metals and Alloys is engaged in the trading and marketing of a comprehensive range of stainless steel products, catering to the varied requirements of its discerning customers. The company’s product line includes a diverse selection of kitchenware such as dinner sets, stainless steel casseroles, multi kadai, water bottles, stainless steel sheets, stainless steel circles, and various other utensils.
The company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP specialize in trading and marketing stainless steel kitchenware under the “DOLPHIN” brand. As of 31 December 2023, the company boasts a network of six distributors, over 150 sub-dealers, stockists, and retailers, as well as strategic alliances across Gujarat, Madhya Pradesh, Delhi, Maharashtra, and other regions. As of 31 March 2024, the company employs a total of seven individuals.
The Objectives of the Issue
- To Meet Incremental Working Capital Requirements,
- To Invest in Subsidiary Company
- For the Purchase of Machinery
- General Corporate Purpose
Sai Swami Metals and Alloys IPO Timetable
| IPO Opening date | 30 April 2024 |
| IPO Closing | 03 May 2024 |
| Basis of Allotment | 06 May 2024 |
| Initiation Refund | 07 May 2024 |
| Credit to Demat Account | 07 May 2024 |
| Listing Date | 08 May 2024 |
Sai Swami Metals and Alloys IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹15 Cr – 2,500,000 shares |
| Fresh Issue | ₹15 Cr – 2,500,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹60 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 128,000 shares |
| Shareholding pre-issue | 4,117,710 |
| Shareholding post-issue | 6,617,710 |
| Listing Exchange | BSE SME |
Sai Swami Metals and Alloys IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Sai Swami Metals and Alloys IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 128,000 (5.12%) |
| Other Shares Offered | 1,186,000 (47.44%) |
| Retail Shares Offered | 1,186,000 (47.44%) |
| Total Shares Offered | 2,500,000 (100%) |
Sai Swami Metals and Alloys Financial Performance
| FY 2023 | 9M FY 2024 | |
| Revenue | 626.76 | 3,333.86 |
| Expenses | 624.23 | 3,091.47 |
| Net income | 3.83 | 179.52 |
Sai Swami Metals and Alloys Valuations & Margins
| FY 2023 | |
| EPS | 38.28 |
| PE ratio | 1.57 |
| RONW (%) | 10.84 |
| NAV | 353.20 |
| ROCE (%) | NA |
| EBITDA (%) | 0.68 |
| Debt/Equity | 17.28 |
Company Promoters
- Mr. Nipun Anantlal Bhaga.
Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 62.15% |
Sai Swami Metals and Alloys IPO Lead Manager(s)
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
Sai Swami Metals and Alloys Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sai Swami Metals and Alloys Contact Details
SAI SWAMI METALS AND ALLOYS LIMITED
05, Harekrishana Industrial Estate Bakrol,
Ahmedabad, Daskroi, Gujarat – 382430
Phone: +91 99099 70863
E-mail: cs@saiswamimetals.com
Website: www.saiswamimetals.com
Sai Swami Metals and Alloys IPO Allotment Status
Sai Swami Metals IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Sai Swami Metals and Alloys IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
