The Sai Swami Metals IPO commenced on April 30, 2024, and concluded on May 3, 2024. The allotment of shares took place on May 6, 2024, and the initiation of refunds began on May 7, 2024. The shares were credited to the demat accounts of investors on May 7, 2024. Finally, the listing of Sai Swami Metals on the stock exchange occurred on May 8, 2024.
The Sai Swami Metals IPO was priced at ₹60 per share, with a lot size of 2000 shares. The total issue size was ₹15.00 crores, comprising a fresh issue of ₹15.00 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Sai Swami Metals IPO Basic Details
| Company Name | Sai Swami Metals & Alloys Limited |
| Domain of Company | Steel Product Company |
| Sai Swami Metals IPO GMP Today | ₹24 |
| Sai Swami Metals IPO Listing Gain | 40.00% |
| Sai Swami Metals IPO Open Date | April 30, 2024 |
| Sai Swami Metals IPO Close Date | May 3, 2024 |
| Sai Swami Metals IPO Allotment Date | May 6, 2024 |
| Sai Swami Metals IPO Listing Date | 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 |
| Company Promoters | Mr. Nipun Anantlal Bhaga |
Sai Swami Metals IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹24 | 40.00% | – | – |
| 29 April 2024 | ₹24 | 40.00% | – | – |
Sai Swami Metals & Alloys IPO Details:
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 IPO More Details Click Here
Sai Swami Metals IPO FAQs
When is Sai Swami Metals IPO open?
Sai Swami Metals IPO will open on 30 April 2024.
When is Sai Swami Metals IPO Close?
Sai Swami Metals IPO will be closed on 3 May 2024.
What is Sai Swami Metals IPO GMP Today?
The Sai Swami Metals IPO GMP aka Grey Market Premium is ₹24.
What is Sai Swami Metals IPO Kostak Rates Today?
The Sai Swami Metals IPO Kostak Rate is ₹000.
What is Sai Swami Metals IPO Subject to Sauda Price Today?
The Sai Swami Metals IPO subject to sauda rates is ₹000.
Sai Swami Metals IPO Expected Returns?
The Sai Swami Metals expected return is 40.00%.
How much will be the listing gain in Sai Swami Metals IPO?
Sai Swami Metals IPO will get listing gain of 40.00%. (Approx.)
