Sai Swami Metals & Alloys Limited IPO
Sai Swami Metals & Alloys Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹60 per share. The stock debuted at ₹114, delivering a listing gain of 90.0%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,20,000.
Sai Swami Metals & Alloys Limited IPO
- IPO Dates
- Apr 30, 2024 – May 3, 2024
- Price band
- ₹60 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- ₹15 Cr
- Lot size
- 2000
- Allotment Date
- May 6, 2024
- Listing
- May 8, 2024
- Listing At
- BSE SME
IPO timeline
-
Apr 30, 2024
Open Date
Completed
-
May 3, 2024
Close Date
Completed
-
May 6, 2024
Allotment Date
Completed
-
May 8, 2024
Listing Date
Completed
Sai Swami Metals & Alloys Limited IPO Essentials
Sai Swami Metals & Alloys Limited IPO Details
Sai Swami Metals & Alloys Limited IPO is priced at ₹60 per share with a total issue size of 15 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹60 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,500,000 shares(aggregating up to ₹15.00 Cr)
- Total issue size
- 25,00,000 shares
(aggregating up to ₹15 crore) - Fresh issue
- 25,00,000 shares
(aggregating up to ₹15 crore) - Listing at
- BSE SME
- List price
- 114.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Swastika Investmart Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,20,000 |
| Retail(max) | 1 | 2000 | ₹1,20,000 |
| NII (min) | 2 | 4,000 | ₹2,40,000 |
Sai Swami Metals & Alloys Limited IPO Reservation
Sai Swami Metals & Alloys Limited IPO reservation details show category-wise allocation of shares. Out of the total 2,500,000 shares, approximately 47.44% for retail investors, and 5.12% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 128,000 (5.12%) | |
| Retail Shares Offered | 1,186,000 (47.44%) | |
| Total Shares Offered | 2,500,000 (100%) |
Sai Swami Metals & Alloys Limited IPO Analytics
Sai Swami Metals & Alloys Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Sai Swami Metals & Alloys Limited IPO Subscription Status
Sai Swami Metals & Alloys Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Sai Swami Metals & Alloys Limited Valuations
Earnings
- EPS Pre IPO
- ₹5.29/-
- P/E Pre IPO
- 11.34
- P/E Post IPO
- 16.58
Returns
- RoNW
- 27.02%
- PAT Margin
- 5.38
Sai Swami Metals & Alloys Limited Financials( In Lakhs)
| 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 |
Sai Swami Metals & Alloys Limited Company & Offer Insights
About Sai Swami Metals & Alloys Limited
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)
Mr. Nipun Anantlal Bhaga are the company's promoters of Sai Swami Metals & Alloys Limited.
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
Sai Swami Metals & Alloys Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sai Swami Metals & Alloys Limited | 5.29 | N/A | 19.57 | 11.34 | 27.02 | 3.07 | Consolidated |
| TTK Prestige Ltd. | 12.25 | N/A | 152.25 | 60.51 | 8.24 | 4.87 | Consolidated |
Notes:
- Basic & diluted Earnings per share (EPS) is calculated using the weighted average number of shares.
- Figures are not annualized.
- The Price Earning (P/E) Ratio of Sai Swami Metals & Alloys Ltd. is in relation to the offer price of ₹60 per share.
- The P/E Ratio of the peer company is based on the share price as of December 31, 2023.
Contact Information
Contact Details
Sai Swami Metals & Alloys Limited
+91 99099 70863
https://www.saiswamimetals.com/
05, Harekrishana IndustrialEstate Bakrol, Ahmedabad, Daskroi-382430
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Sai Swami Metals & Alloys Limited IPO is a Fixed Priced IPO worth ₹15 crore. The issue price is ₹60 per share (fixed price). The IPO opens on Apr 30, 2024 and closes on May 3, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Sai Swami Metals & Alloys Limited IPO is ₹60 per share (fixed price).
The lot size of Sai Swami Metals & Alloys Limited IPO is 2000 shares.
The minimum investment for Sai Swami Metals & Alloys Limited IPO is approximately ₹1,20,000 based on the issue price .
Sai Swami Metals & Alloys Limited IPO opens on Apr 30, 2024 and closes on May 3, 2024.
The allotment date of Sai Swami Metals & Alloys Limited IPO is May 6, 2024.
Sai Swami Metals & Alloys Limited IPO is expected to be listed on May 8, 2024, on BSE SME Platform.
Sai Swami Metals & Alloys Limited IPO valuation snapshot: P/E 16.58, EPS ₹/-, P/B N/A, RoNW 27.02%, and market cap N/A.
To apply for Sai Swami Metals & Alloys Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Sai Swami Metals & Alloys Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Sai Swami Metals & Alloys Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Sai Swami Metals & Alloys Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sai Swami Metals & Alloys Limited IPO allotment status on IPO Ji for quick and easy access.