Sai Swami Metals & Alloys Limited IPO Detail
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.
Company Promoters
Mr. Nipun Anantlal BhagaIPO Details
| IPO Opening Date | Apr 30, 2024 |
| IPO Closing Date | May 03, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹15.00 Cr |
| Fresh Issue | ₹15.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 13.98x | 31.79x | 22.90x |
| Day 2 | 0.00x | 0.00x | 0.00x | 66.77x | 174.66x | 120.92x |
| Day 3 | 0.00x | 0.00x | 0.00x | 533.83x | 529.01x | 543.72x |
IPO Tentative Timetable
The Sai Swami Metals & Alloys Limited IPO open date is Apr 30, 2024, and the close date is May 03, 2024. The issue may list on May 08, 2024.
| IPO Open Date | Apr 30, 2024 |
| IPO Close Date | May 03, 2024 |
| Basis of Allotment Date | May 06, 2024 |
| Initiation of Refunds | May 07, 2024 |
| Credit of Shares to Demat Account | May 07, 2024 |
| IPO Listing Date | May 08, 2024 |
IPO Lot Size
The Sai Swami Metals & Alloys Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120000 |
| Maximum | 1 | 2000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 62.15% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 2583.16 | 626.76 | 3.83 |
| 31-Dec-23 | 2617.31 | 3333.86 | 179.52 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sai Swami Metals & Alloys Limited IPO Lead Manager(s):
Swastika Investmart Ltd
Company Contact Information:
Sai Swami Metals & Alloys Limited
05, Harekrishana Industrial
Estate Bakrol,
Ahmedabad, Daskroi-382430
