Fixed Price IPO | ₹15 Cr | Listed at BSE SME | Tue, Apr 30, 2024 - Fri, May 3, 2024
Sai Swami Metals IPO is a fixed price issue of ₹15.00 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹15.00 crore.
Sai Swami Metals IPO bidding started from Apr 30, 2024 and ended on May 3, 2024. The allotment for Sai Swami Metals IPO was finalized on May 6, 2024. The shares got listed on BSE SME on May 8, 2024.
Sai Swami Metals IPO price is ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Swastika Investmart Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Sai Swami Metals IPO RHP for detailed Information.
IPO Open
Tue, Apr 30, 2024
IPO Close
Fri, May 3, 2024
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹39.71 Cr
| IPO Date | 30 Apr to 3 May, 2024 |
| Listed on | Wed, May 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,00,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,28,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.7680 Cr) |
| Fresh Issue (Ex Market Maker) | 23,72,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 23,72,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 41,17,710 shares |
| Share Holding Post Issue | 66,17,710 shares |
| BSE Script Code | 544170 |
| ISIN | INE0QXT01018 |
Sai Swami Metals IPO comprises a total issue size of 25,00,000 shares. The net offer to the public is 23,72,000 shares, after excluding 1,28,000 shares allotted on a firm basis. Of the Net offer 11,86,000 (50.00%) allocated to NII 11,86,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,86,000 | 50.00% | 47.44% |
| Retail Shares Offered | 11,86,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,28,000 | 5.12% | |
| Total Shares Offered | 25,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in September 2022, Sai Swami Metals and Alloys 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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 26.17 | 25.83 |
| Total Income | 33.34 | 6.27 |
| Profit After Tax | 1.80 | 0.04 |
| NET Worth | 6.64 | 0.35 |
| Reserves and Surplus | 2.53 | 0.34 |
| Total Borrowing | 7.43 | 6.10 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirements | 6.00 |
| 2 | To Invest in Subsidiary Company. | 4.00 |
| 3 | To Purchase of Machineries | 2.00 |
| 4 | General Corporate Purpose | 2.00 |
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 27.02% |
| PAT Margin | 5.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.29 | |
| P/E (x) | 11.34 | 16.58 |
| Promoter Holding | 99.88% | 62.15% |
| Market Cap | ₹39.71 Cr. |
The Sai Swami Metals and Alloys IPO is subscribed 543.72 times on May 3, 2024 7:02:05 PM (Day 3). The public issue subscribed 529.01 times in the retail category, [.] times in the QIB category, and 533.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 533.83 | 11,86,000 | 63,31,22,000 |
| Retail | 529.01 | 11,86,000 | 62,74,02,000 |
| Total | 543.72 | 23,72,000 | 1,28,97,14,000 |
Total Application : 4,29,046
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.66 |
| 2 | Fees Payable to Registrar to the Issue. | 0.01 |
| 3 | Fees Payable related to Advertising, Marketing Expenses, other Professional Expenses (Like: Fee to Legal Advisor, Secretarial Related etc.), Selling Commission and Printing Expenses. | 0.17 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries. | 0.04 |
| 5 | Fees payable to Peer Review Auditor. | 0.05 |
| 6 | Fees Payable to Market Maker (for Two Years). | 0.07 |
| 7 | Escrow Bank Fees. | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹114.00 |
| Low | ₹114.00 |
| High | ₹119.70 |
| Last Trade | ₹119.70 |
Lead Manager Reports
Sai Swami Metals IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Apr 30, 2024, and closes on Fri, May 3, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sai Swami Metals IPO using UPI as a payment gateway. Zerodha customers can apply in Sai Swami Metals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sai Swami Metals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sai Swami Metals IPO opens on Tue, Apr 30, 2024 and closes on Fri, May 3, 2024.
Sai Swami Metals IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sai Swami Metals 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 Swami Metals IPO will be done on Monday, May 6, 2024, and the allotted shares will be credited to your demat account by Tue, May 7, 2024. Check the Sai Swami Metals IPO allotment status.
The Sai Swami Metals IPO listing date is on Wed, May 8, 2024.
