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Sai Swami Metals and Alloys IPO is a fixed price issue of Rs 15.00 crores. The issue is entirely a fresh issue of 25 lakh shares.
Sai Swami Metals and Alloys IPO bidding started from April 30, 2024 and ended on May 3, 2024. The allotment for the Sai Swami Metals and Alloys IPO is expected to be finalized on Monday, May 6, 2024. Sai Swami Metals and Alloys IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 8, 2024.
Sai Swami Metals and Alloys IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.
Swastika Investmart Ltd is the book running lead manager of the Sai Swami Metals and Alloys IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sai Swami Metals and Alloys IPO is Sunflower Broking.
Refer to Sai Swami Metals and Alloys IPO RHP for detailed information.
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,117,710 |
| Share holding post issue | 6,617,710 |
| Market Maker portion | 128,000 shares Sunflower Broking |
Sai Swami Metals and Alloys IPO offers 2,500,000 shares. 1,186,000 (47.44%) to NII, 1,186,000 (47.44%) to RII.
| 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 IPO opens on April 30, 2024, and closes on May 3, 2024.
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
| Lot Size Calculator | |||
The promoter of the company is Mr. Nipun Anantlal Bhaga.
| Share Holding Pre Issue | 99.88% |
| Share Holding Post Issue | 62.15% |
Incorporated in September, 2022,Sai Swami Metals and Alloys Pvt. Ltd. trades in a wide range of stainless steel products to cater to the varied needs of our customers.
The company's product line includes a variety of kitchenware such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various utensils.
The Dolphin brand is recognized for trading and marketing stainless steel kitchenware products by the company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP.
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.
On March 31st, 2024, the Company had a total of seven employees.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| 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 and Surplus | 252.70 | 34.32 |
| Total Borrowing | 743.16 | 610.23 |
| Amount in ₹ Lakhs | ||
The market capitalization of Sai Swami Metals and Alloys IPO is Rs 39.71 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 27.02% |
| PAT Margin (%) | 5.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.29 | |
| P/E (x) | 11.34 | 16.58 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company that was primarily a trader in stainless steel products has also entered in kitchenware with vast varieties and models. It has modernized its kitchenware manufacturing facility and giving major thrust for this high margin products that has been reflected in 9M-FY24 performance. With more latest machinery addition, the company hopes to expand its kitchenware product portfolio and sustain the trends in coming years. Based on FY24 annualized earnings, the issue appears fully priced. Post-IPO, small equity base indicates longer gestation for migration. Well-informed investors may park funds for the medium to long term growth. Read detail review...
The Sai Swami Metals and Alloys IPO is subscribed 543.72 times on May 3, 2024 7:02:05 PM. The public issue subscribed 529.01 times in the retail category, times in the QIB category, and 533.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 533.83 |
| Retail | 529.01 |
| Total | 543.72 |
Total Application : 429,046 (723.52 times)
Sai Swami Metals & Alloys Limited
05, Harekrishana Industrial
Estate Bakrol,
Ahmedabad, Daskroi-382430
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: https://www.saiswamimetals.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Sai Swami Metals and Alloys IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹15.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.
The IPO opens on April 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.
Zerodha customers can apply online in Sai Swami Metals and Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Sai Swami Metals and Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sai Swami Metals and Alloys IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sai Swami Metals and Alloys IPO opens on April 30, 2024 and closes on May 3, 2024.
Sai Swami Metals and Alloys IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
You can apply in Sai Swami Metals and Alloys IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sai Swami Metals and Alloys IPO will be done on Monday, May 6, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 7, 2024. Check the Sai Swami Metals and Alloys IPO allotment status.
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