Sai Swami Metals and Alloys IPO

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 nameSai Swami Metals and Alloys Limited
Company Website

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 date30 April 2024
IPO Closing03 May 2024
Basis of Allotment06 May 2024
Initiation Refund07 May 2024
Credit to Demat Account07 May 2024
Listing Date08 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 3, 2024)

Sai Swami Metals and Alloys IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹15 Cr – 2,500,000 shares
Fresh Issue₹15 Cr – 2,500,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹60 per share
Lot size2000 Shares
Market Maker portion128,000 shares
Shareholding pre-issue4,117,710
Shareholding post-issue6,617,710
Listing ExchangeBSE SME

Sai Swami Metals and Alloys IPO Lot Size

Retail (Min)12000₹120,000
Retail (Max)12000₹120,000
HNI (Min)24,000₹240,000

Sai Swami Metals and Alloys IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered128,000 (5.12%)
Other Shares Offered1,186,000 (47.44%)
Retail Shares Offered1,186,000 (47.44%)
Total Shares Offered2,500,000 (100%)

Sai Swami Metals and Alloys Financial Performance

 FY 20239M FY 2024
Net income3.83179.52
(Amount in ₹ Lakhs)

Sai Swami Metals and Alloys Valuations & Margins

FY 2023
PE ratio1.57
RONW (%)10.84
EBITDA (%)0.68

Company Promoters

  • Mr. Nipun Anantlal Bhaga.

Promoter Holding

Pre Issue Share Holding99.88%
Post Issue Share Holding62.15%

Sai Swami Metals and Alloys IPO Lead Manager(s)

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

Sai Swami Metals and Alloys Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Sai Swami Metals and Alloys Contact Details

05, Harekrishana Industrial Estate Bakrol,
Ahmedabad, Daskroi, Gujarat – 382430
Phone: +91 99099 70863

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

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