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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 ₹60.00 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). The minimum lot size investment for 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 Date | April 30, 2024 to May 3, 2024 |
| Listing Date | May 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,00,000 shares (aggregating up to ₹15.00 Cr) |
| Reserved for Market Maker | 1,28,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.7680 Cr) |
| Net Offered to Public | 23,72,000 shares (aggregating up to ₹14.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,17,710 shares |
| Share Holding Post Issue | 66,17,710 shares |
Sai Swami Metals and Alloys IPO offers total 25,00,000 shares. Out of which 11,86,000 (47.44%) allocated to NII, 11,86,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,28,000 (5.12%) |
| NII (HNI) Shares Offered | 11,86,000 (47.44%) |
| Retail Shares Offered | 11,86,000 (47.44%) |
| Total Shares Offered | 25,00,000 (100.00%) |
Sai Swami Metals IPO opens on April 30, 2024, and closes on May 3, 2024.
| IPO Open Date | Tue, Apr 30, 2024 |
| IPO Close Date | Fri, May 3, 2024 |
| Tentative Allotment | Mon, May 6, 2024 |
| Initiation of Refunds | Tue, May 7, 2024 |
| Credit of Shares to Demat | Tue, May 7, 2024 |
| Tentative Listing Date | Wed, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 3, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 2,617.31 | 2,583.16 |
| Total Income | 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 | ||
The market capitalization of Sai Swami Metals IPO is ₹39.71 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 27.02% |
| PAT Margin | 5.38% |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[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...
| Listing Date | May 8, 2024 |
| BSE Script Code | 544170 |
| NSE Symbol | |
| ISIN | INE0QXT01018 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹114.00 |
| Low | ₹114.00 |
| High | ₹119.70 |
| Last Trade | ₹119.70 |
Sai Swami Metals & Alloys Ltd.
05, Harekrishana Industrial
Estate Bakrol,
Ahmedabad, Daskroi-382430
Ahmedabad, Gujarat
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: https://www.saiswamimetals.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sai Swami Metals IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹15.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on April 30, 2024, and closes on 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 April 30, 2024 and closes on 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 Tuesday, May 7, 2024. Check the Sai Swami Metals IPO allotment status.
The Sai Swami Metals IPO listing date is on Wednesday, May 8, 2024.
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