Sai Swami Metals & Alloys IPO Details ( Sai Swami Metals & Alloys Limited IPO Review )
(30 Apr 2024 – 3 May 2024)
Established in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in offering a wide selection of stainless steel items to meet our customers diverse needs.
Our product range includes various kitchen essentials like Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, as well as Stainless Steel Sheets, Circles, and other utensils.
Under the Dolphin brand, the company, along with its subsidiaries Bhagat Marketing Private Limited and Dhruvish Metals LLP, is known for trading and promoting stainless steel kitchenware products.
As of December 31st, 2023, we have built a strong network consisting of 6 Distributors and over 150 sub-dealers, stockists, retailers, and strategic partners across Gujarat, Madhya Pradesh, Maharashtra, and beyond.
By March 31st, 2024, our team had grown to a total of seven dedicated employees.
Sai Swami Metals & Alloys Limited Company Product
- S.S. Scraps
- S.S. Sheets
- S.S. Patta Patti & Pipe
- Molly & Nickel metal scrap
- S.S. Utensils
- Nickel Alloy scrap
- S. S. Round
- MS Channel Angle
- MS Round
- Steel Coils
- S.S. Angle
- Beam
- MS Pipe
- MS Scrap
- Copper Wound transformer
Sai Swami Metals & Alloys Limited IPO Competitive Strength
- Experienced Promoter and Management Team
- Consistent focus on quality
- Diversified Range of kitchenware products
- Established sales and distribution network
Sai Swami Metals & Alloys IPO Financials Performance ( Results )
Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-23 | 2,583.16 | 626.76 | 3.83 | 35.32 | 34.32 | 610.23 |
| 31-Dec-23 | 2,617.31 | 3,333.86 | 179.52 | 664.47 | 252.70 | 743.16 |
Objective of Sai Swami Metals IPO Issue
- To Meet Incremental Working Capital Requirements;
- To Invest in Subsidiary Company;
- To Purchase of Machineries;
- General Corporate Purpose
Sai Swami Metals IPO Basic Details
| IPO Date | Apr 30, 2024 to May 3, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,500,000 shares of ₹10 (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 2,500,000 shares of ₹10 (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 |
| Company Promoters | Mr. Nipun Anantlal Bhaga |
Sai Swami Metals IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Sai Swami Metals IPO Timetable
Sai Swami Metals IPO will open on April 30, 2024 and close on May 3, 2024. You can join Sai Swami Metals IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 April 2024 (Tuesday) |
| Closing Date | 3 May 2024 (Friday) |
| Basis of Allotment | 6 May 2024 (Monday) |
| Initiation of Refunds | 7 May 2024 (Tuesday) |
| Credit of Shares to Demat | 7 May 2024 (Tuesday) |
| Listing Date | 8 May 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 3 May 2024 |
Sai Swami Metals IPO Lot Size
For retail investors in Sai Swami Metals IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| S-HNI (Min) | 2 | 4000 | ₹240,000 |
Sai Swami Metals IPO Promoter Holding
The company’s promoters include Mr. Nipun Anantlal Bhaga.
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 62.15% |
Sai Swami Metals & Alloys Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Earning Per Share (EPS) | ₹5.29 per Equity Share |
| P/E Ratio (P/E) (x) | 11.34 |
| Return on Net Worth (RoNW) (%) | 27.02 |
Sai Swami Metals IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹20 | – | – |
| 27 April 2024 | ₹20 | – | – |
Sai Swami Metals and Alloys IPO Detail Video:
Sai Swami Metals & Alloys IPO Subscription Status (Bidding Detail)
The Sai Swami Metals IPO on May 3, 2024 at 7:00:00 PM was subscribed 543.72 times, with the retail category being subscribed 529.01 times, the other category being subscribed 533.83 times.
| Category | Subscription |
| Other | 533.83x |
| Retail | 529.01x |
| Total | 543.72x |
Sai Swami Metals IPO Prospectus
Sai Swami Metals IPO Rating
| Our Rating | 3.5/5.0 |
Sai Swami Metals Company Contact Information
Sai Swami Metals & Alloys Limited
CIN: U27320GJ2022PLC135697
Registered office: 05, Harekrishana Industrial Estate Bakrol, Ahmedabad, Daskroi, Gujarat – 382430
Website: www.saiswamimetals.com
E-Mail: cs@saiswamimetals.com
Telephone No: +91 99099 70863
Company Secretary and Compliance Officer: Ms. Vidhi Dilipkumar Mehta
Promoters of the Company: Mr. Nipun Anantlal Bhagat
Sai Swami Metals IPO Registrar
Bigshare Services Private Limited
SEBI Registration Number: INR000001385
Address: Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri – East, Mumbai – 400093, Maharashtra, India
Tel. Number: +91 22 6263 8200
Fax Number: +91 22 6263 8299
Email Id: ipo@bigshareonline.com
Investors Grievance Id: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Sagar Pathare
Sai Swami Metals IPO Lead Manager
Swastika Investmart Limited
SEBI Registration Number: INM000012102
Registered Office: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City – 400058, (Maharashtra).
Merchant Banking Division Address: 48 Jaora Compound, M.Y.H Road, Indore (MP) – 452001
Telephone Number: +91-22-26254568-69 / 0731-6644244
Email Id: merchantbanking@swastika.co.in
Investors Grievance Id: mb.investorgreivance@swastika.co.in
Website: www.swastika.co.in
Contact Person: Mr. Mohit R. Goyal
CIN: L65910MH1992PLC067052
Sai Swami Metals IPO FAQs
What is the lot size of Sai Swami Metals IPO?
The total size of Sai Swami Metals IPO is ₹15.00 crores and this is a complete fresh Issue.
When will Sai Swami Metals IPO start?
Sai Swami Metals IPO will open from 30 April 2024 and IPO will close on 3 May 2024.
What is the open date of Sai Swami Metals IPO?
Sai Swami Metals IPO will open date from 30 April 2024.
What is the last date ( close date ) of Sai Swami Metals IPO?
Sai Swami Metals IPO will close from 3 May 2024.
What is the price band of Sai Swami Metals IPO?
Sai Swami Metals IPO price band is ₹60.
What is the minimum amount required to apply for Sai Swami Metals IPO?
The minimum investment for retailers to apply for Sai Swami Metals IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Sai Swami Metals IPO?
View gray market premium of Sai Swami Metals IPO by Clicking Here
How much is the GMP of Sai Swami Metals IPO?
Watch Sai Swami Metals IPO GMP Today: Click Here
What is the allotment date of Sai Swami Metals IPO?
The allotment date of Sai Swami Metals IPO is 6 May 2024.
How to check allotment status in Sai Swami Metals IPO?
To check the allotment status of Sai Swami Metals IPO, first of all go to the registrar website by clicking here, select your bad Sai Swami Metals IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sai Swami Metals IPO?
The listing date of Sai Swami Metals IPO is 8 May 2024.
How much will be the listing gain in Sai Swami Metals IPO?
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