Sai Swami Metals & Alloys Limited IPO

BSE SME

Listed On: May 8, 2024 at ₹ 114.0

₹ 120000 /2000 Shares

Check Allotment

Sai Swami Metals & Alloys Limited IPO Details

30 Apr, 2024

Open Date

03 May, 2024

Close Date

06 May, 2024

Allotment Date

08 May, 2024

Listing Date

Issue Price

₹60 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

114.0

Listing Date

2024-05-08

Market Lot

2000 Shares (₹120,000/-)

Lead Manager

Swastika Investmart Ltd

Issue Size

2,500,000 shares(aggregating up to ₹15.00 Cr)

Retail Portion

50%

Subscription

543.78 times

IPO Docs

DRHP RHP

The IPO of Sai Swami Metals & Alloys Limited is priced at ₹60 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Sai Swami Metals & Alloys Limited IPO bid opening date is from Apr 30, 2024 and the bid closing date was May 3, 2024.
Sai Swami Metals & Alloys Limited IPO allotment result will be available on May 6, 2024. The tentative listing date for Sai Swami Metals & Alloys Limited is May 8, 2024.

The total issue size is 2,500,000 shares(aggregating up to ₹15.00 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,186,000	1,186,000	2,372,000
Day 1 - 30-04-24 06:00 PM	13.98 x	31.79 x	22.90 x
Day 2 - 02-05-24 06:00 PM	67.29 x	174.66 x	120.98 x
Day 3 - 03-05-24 06:00 PM	558.55 x	529.01 x	543.78 x

Total No. of Applications: 4,29,046 (Approx)

Sai Swami Metals & Alloys Limited Valuations

EPS Pre IPO

₹5.29/-

EPS Post IPO

₹/-

P/E Pre IPO

11.34

P/E Post IPO

16.58

RoNW

27.02%

PAT Margin

5.38

Sai Swami Metals & Alloys Limited Company Financials All values are in ₹ Lakh

	31-Dec-23	31-Mar-23
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 & Surplus	252.70	34.32
Total Borrowing	743.16	610.23

About The Company

Sai Swami Metals and Alloys Limited incorporated in September 2022 deals in stainless steel products covering a whole host of diversified varieties to cater to our ever-diversifying customers' needs.

Sai Swami Metals and Alloys product offerings include Kitchen wares like: S.S. Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Sheets, Circles of Stainless Steel etc.

The company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP, are known for trading and marketing stainless steel kitchenware products under the Dolphin brand.

As of December 31st, 2023, the company has a network of 6 Distributors and more than 150 sub-dealers/stockiest/retailers and strategic alliances in the state of Gujarat, Madhya Pradesh, Maharashtra etc.

As of March 31st, 2024, the Company had a total of seven employees.

Sai Swami Metals & Alloys Limited - Promoter(s)

Pre Issue Share Holding: 99.88%

Post Issue Share Holding: 62.15%

Company Promoter(s)

Mr. Nipun Anantlal Bhaga

Sai Swami Metals & Alloys Limited IPO - Issue Objectives

To Meet Incremental Working Capital Requirements
To Invest in Subsidiary Company
To Purchase of Machineries
General Corporate Purpose

Other Details

Company Contact Details

Sai Swami Metals & Alloys Limited

05, Harekrishana IndustrialEstate Bakrol, Ahmedabad, Daskroi-382430

Phone: +91 99099 70863

Email: cs@saiswamimetals.com

Website: https://www.saiswamimetals.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Sai Swami Metals & Alloys Limited IPO - FAQs

Ans. Sai Swami Metals & Alloys Limited IPO is a SME IPO. The issue is priced at ₹60 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Apr 30, 2024, and closes on May 3, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Sai Swami Metals & Alloys Limited IPO opens on Apr 30, 2024 and closes on May 3, 2024.

Ans. The size of Sai Swami Metals & Alloys Limited IPO is 2,500,000 shares(aggregating up to ₹15.00 Cr).

Ans. The IPO price band is set between ₹60 per equity share.

Ans. To apply for Sai Swami Metals & Alloys Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Sai Swami Metals & Alloys Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Sai Swami Metals & Alloys Limited IPO is May 6, 2024.

Ans. The Sai Swami Metals & Alloys Limited IPO will be listed on May 8, 2024.

Ans. Follow the steps to check the allotment status for Sai Swami Metals & Alloys Limited IPO here.