IPO

Sai Swami Metals & Alloys Limited IPO

BSE SME

Listed On: May 8, 2024 at ₹ 114.0

₹ 240000 /4000 Shares
*Min Investment

Check Allotment

30 Apr, 2024

Open Date

03 May, 2024

Close Date

06 May, 2024

Allotment Date

08 May, 2024

Listing Date
Sai Swami Metals & Alloys Limited IPO Issue Details
  • Issue Price ₹60 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 25,00,000 shares(aggregating up to ₹15 crore)
  • Fresh Share 25,00,000 shares(aggregating up to ₹15 crore)
  • Listing at BSE SME
  • List Price 114.0
  • Listing Date 2024-05-08
  • Lead Manager Swastika Investmart Ltd
  • Registrar Bigshare Services Pvt 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.

ApplicationLotsSharesAmount
Retail (min)12000₹1,20,000
Retail(max)12000₹1,20,000
NII (min) 24,000₹2,40,000
Sai Swami Metals & Alloys Limited IPO Reservation

Sai Swami Metals & Alloys Limited IPO offers total 2,500,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,186,000 (47.44%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered128,000 (5.12%)
Retail Shares Offered1,186,000 (47.44%)
Total Shares Offered2,500,000 (100%)
Sai Swami Metals & Alloys Limited IPO Documents
DRHP
RHP
Sai Swami Metals & Alloys Limited IPO Details


Sai Swami Metals & Alloys Limited IPO is an SME IPO, priced at ₹60 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 25,00,000 equity shares, aggregating up to ₹15 crores..

The IPO bidding window is open from Apr 30, 2024 to May 3, 2024. The allotment is expected to be finalized on May 6, 2024, and the tentative listing date is May 8, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Sai Swami Metals & Alloys Limited IPO Subscription Analysis And Details
Retail
529.01x
Total
543.78x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,186,0001,186,0002,372,000
Day 1 30-04-24 06:00 PM
13.98 x31.79 x22.90 x
Day 2 02-05-24 06:00 PM
67.29 x174.66 x120.98 x
Day 3 03-05-24 06:00 PM
558.55 x529.01 x543.78 x
Total No of Applications
4,29,046
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
In Lakhs
In Lakh
31-Dec-2331-Mar-23
Assets2,617.312,583.16
Revenue3,333.86626.76
Profit After Tax179.523.83
Net Worth664.4735.32
Reserves & Surplus252.7034.32
Total Borrowing743.16610.23
About Sai Swami Metals & Alloys Limited 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.

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Sai Swami Metals & Alloys Limited - Promoter(s)

Mr. Nipun Anantlal Bhaga

Pre Issue Share Holding : 99.88%

Post Issue Share Holding : 62.15%

Sai Swami Metals & Alloys Limited IPO - Issue Objectives
1

To Meet Incremental Working Capital Requirements

2

To Invest in Subsidiary Company

3

To Purchase of Machineries

4

General Corporate Purpose

Sai Swami Metals & Alloys Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Sai Swami Metals & Alloys Limited5.29N/A19.5711.3427.023.07Consolidated
TTK Prestige Ltd.12.25N/A152.2560.518.244.87Consolidated

Notes:

  1. Basic & diluted Earnings per share (EPS) is calculated using the weighted average number of shares.
  2. Figures are not annualized.
  3. The Price Earning (P/E) Ratio of Sai Swami Metals & Alloys Ltd. is in relation to the offer price of ₹60 per share.
  4. The P/E Ratio of the peer company is based on the share price as of December 31, 2023.
Contact Details

Sai Swami Metals & Alloys Limited

05, Harekrishana IndustrialEstate Bakrol, Ahmedabad, Daskroi-382430

+91 99099 70863

cs@saiswamimetals.com

https://www.saiswamimetals.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

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