Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Sai Infinium Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on June 4, 2025.
Sai Infinium Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on NSE and BSE. Sarthi Capital Advisors Pvt.Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Apr 3, 2025 |
| Offer document withdrawn | Wed, Jun 4, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Issue |
Incorporated in 2004, Sai Infinium Limited is engaged in three primary business segments: manufacturing of Mild Steel (MS) billets and Thermo Mechanically Treated (TMT) bars, ship breaking (recycling and dismantling), and investment in and sale of commercial real estate properties in Gujarat.
On March 30, 2024, Sai Infinium Private Limited and Fidelis International Private Limited (the “Merged Entities”) merged with Sai Infinium Limited, as approved by the National Company Law Tribunal (NCLT).
Manufacturing Operations
Sai Infinium Limited operates its manufacturing plant under the name Sai Infinium Steel Division.
Ship Breaking Operations
Real Estate Activities
In addition to its core manufacturing and ship recycling businesses, the company is involved in the buying, selling, and leasing of commercial real estate properties in Gujarat. The focus is on acquiring high-value commercial properties for capital appreciation or rental income generation.
Workforce
As of December 31, 2024, Sai Infinium Limited had a total workforce of 362 employees, including:
Historical headcount:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 397.15 | 310.13 | 201.23 | 192.30 |
| Total Income | 381.26 | 475.79 | 520.61 | 155.04 |
| Profit After Tax | 47.91 | 12.28 | 1.37 | 3.22 |
| NET Worth | 274.67 | 153.79 | 91.31 | 62.66 |
| Reserves and Surplus | 216.13 | 101.12 | 63.18 | 36.30 |
| Total Borrowing | 49.20 | 90.68 | 82.35 | 113.20 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of the 17.4 MW Hybrid Power Plant - Gangiyavadar, Wankaner, Gujarat | 130.00 |
| 2 | Funding of capital expenditure requirements towards setting up of the Mild Steel (“MS”) Structures Rolling Mill – Bhavnagar, Gujarat; | 65.00 |
| 3 | Purchase of Cargo Vessel (“Ship Corsica”) for Ship Breaking Plant – Alang, Bhavnagar, Gujarat; | 19.00 |
| 4 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 5.89% |
| ROCE | 5.89% |
| Debt/Equity | 0.59 |
| RoNW | 7.39% |
| PAT Margin | 1.90% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.43% |
Lead Manager Reports
Sai Infinium IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Sai Infinium IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sai Infinium IPO using UPI as a payment gateway. Zerodha customers can apply in Sai Infinium IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sai Infinium IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sai Infinium IPO dates are not announced. Please check back again after some time.
Sai Infinium IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sai Infinium IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sai Infinium IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sai Infinium IPO allotment status.
The Sai Infinium IPO listing date is not yet announced. The tentative date of listing is .
