The Sai Swami Metals IPO started on April 30, 2024, and ended on May 3, 2024. Shares were allocated on May 6, 2024, and refund processes began on May 7, 2024. On May 7, 2024, the shares were credited to investors demat accounts. Sai Swami Metals was officially listed on the stock exchange on May 8, 2024.
During the IPO, Sai Swami Metals offered shares at a price range of ₹60 per share, and the lot size was 2000 shares. The total issue size was ₹15.00 crores, with ₹15.00 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Sai Swami Metals IPO Subscription Update Video
Sai Swami Metals IPO Subscription Status
The Sai Swami Metals IPO on May 3, 2024 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 & Alloys IPO Basic Details
| Company Name | Sai Swami Metals & Alloys Limited |
| Domain of Company | Steel Product Company |
| 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 |
About Sai Swami Metals & Alloys Limited
Established in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in providing a diverse range of stainless steel products to meet our customers’ various needs.
Our product range includes essential kitchen items like Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, along with 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 renowned for trading and promoting stainless steel kitchenware products.
By December 31st, 2023, we had established a strong presence with 6 Distributors and over 150 sub-dealers, stockists, retailers, and key partnerships in states like Gujarat, Madhya Pradesh, and Maharashtra.
As of March 31st, 2024, our team comprised seven dedicated employees, working towards our commitment to quality and customer satisfaction.
Sai Swami Metals & Alloys IPO Should you subscribe?
Sai Swami Metals IPO More Details Click Here
Sai Swami Metals IPO FAQs
What is the start and end date of Sai Swami Metals IPO Subscription?
The Sai Swami Metals IPO started on April 30, 2024, and ended on May 3, 2024.
When does Sai Swami Metals IPO Subscription open?
The Sai Swami Metals IPO open on April 30, 2024.
When does Sai Swami Metals IPO Subscription close?
The Sai Swami Metals IPO Close on May 3, 2024.
What is the allotment date of Sai Swami Metals IPO?
The allotment date for Sai Swami Metals IPO is May 6, 2024.
When is the initial refund date of Sai Swami Metals IPO?
The initial Refund date for Sai Swami Metals IPO is May 7, 2024.
When were the shares credited to investors demat accounts for the Sai Swami Metals IPO?
The shares for the Sai Swami Metals IPO were credited to investors demat accounts on May 7, 2024.
When will Sai Swami Metals IPO be listed on the stock market?
Sai Swami Metals IPO stock market will be listed on May 8, 2024 at 10 am.
What was the price range of the Sai Swami Metals IPO shares?
The Sai Swami Metals IPO shares were offered at a price range of ₹60 per share.
What was the lot size for the Sai Swami Metals IPO shares?
The lot size for the Sai Swami Metals IPO shares was 2000 shares.
What was the total issue size of the Sai Swami Metals IPO?
The total issue size of the Sai Swami Metals IPO was ₹15.00 crores.
How were the shares allocated among different types of investors for the Sai Swami Metals IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Sai Swami Metals IPO listed?
The Sai Swami Metals IPO was listed on the BSE SME.
What is the Sai Swami Metals IPO Subscription Status?
Sai Swami Metals IPO is subscribed Times.
