Sai Swami Metals & 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 & Alloys IPO opens for subscription on April 30, 2024 and closes on May 3, 2024. The allotment for the Sai Swami Metals & Alloys IPO is expected to be finalized on Monday, May 6, 2024. Sai Swami Metals & Alloys IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 8, 2024.
Sai Swami Metals & 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. for detailed information.
Sai Swami Metals & Alloys IPO Details
| 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 & Alloys IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Sai Swami Metals & Alloys IPO Timeline (Tentative Schedule)
Sai Swami Metals & 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 |
Sai Swami Metals & Alloys IPO Lot Size
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 | |||
Sai Swami Metals & Alloys IPO Promoter Holding
The promoter of the company is Mr. Nipun Anantlal Bhaga.
| Share Holding Pre Issue | 99.88% |
| Share Holding Post Issue | 62.15% |
About Sai Swami Metals & Alloys Limited
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.
Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)
| 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 | ||
Key Performance Indicator
The market capitalization of Sai Swami Metals & Alloys IPO is Rs 39.71 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 27.02% |
| PAT Margin (%) | 5.38 |
Check Sai Swami Metals & Alloys IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.29 | |
| P/E (x) | 11.34 | 16.58 |
Objects of the Issue (Sai Swami Metals & Alloys IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements;
- To Invest in Subsidiary Company;
- To Purchase of Machineries;
- General Corporate Purpose
Sai Swami Metals & Alloys IPO Review (May apply)
[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…
Sai Swami Metals & Alloys Limited Contact Details
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/
Sai Swami Metals & Alloys IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html