Sai Swami Metals IPO description – Incorporated in 2022, Sai Swami Metals and Alloys is engaged in the trading and marketing of a comprehensive range of stainless steel products, catering to the varied requirements of its discerning customers. The company’s product line includes a diverse selection of kitchenware such as dinner sets, stainless steel casseroles, multi kadai, water bottles, stainless steel sheets, stainless steel circles, and various other utensils.
The company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP specialize in trading and marketing stainless steel kitchenware under the “DOLPHIN” brand. As of 31 December 2023, the company boasts a network of six distributors, over 150 sub-dealers, stockists, and retailers, as well as strategic alliances across Gujarat, Madhya Pradesh, Delhi, Maharashtra, and other regions.
As of 31 March 2024, the company employs a total of seven individuals.
Promoters of Sai Swami Metals and Alloys – Mr. Nipun Anantlal Bhagat
Table of Contents
Sai Swami Metals IPO Details
| Sai Swami Metals IPO Dates | 30 Apr – 3 May 2024 |
| Sai Swami Metals Issue Price | INR 60 per share |
| Fresh issue | 2,500,000 shares (INR 15 crore) |
| Offer For Sale | NIL |
| Total IPO size | 2,500,000 shares (INR 15 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Sai Swami Metals and Alloys Financial Performance
| FY 2023 | 9M FY 2024 | |
| Revenue | 626.76 | 3,333.86 |
| Expenses | 624.23 | 3,091.47 |
| Net income | 3.83 | 179.52 |
Sai Swami Metals Offer News
- Sai Swami Metals RHP
- Sai Swami Metals Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Sai Swami Metals Valuations & Margins
| FY 2023 | |
| EPS | 38.28 |
| PE ratio | 1.57 |
| RONW (%) | 10.84 |
| NAV | 353.20 |
| ROCE (%) | NA |
| EBITDA (%) | 0.68 |
| Debt/Equity | 17.28 |
Sai Swami Metals IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 May 2024 | 50 | – | 72,000 |
| 6 May 2024 | 46 | – | 62,000 |
| 4 May 2024 | 40 | – | 55,000 |
| 3 May 2024 | 22 | – | 32,000 |
| 2 May 2024 | 22 | – | 32,000 |
| 1 May 2024 | 22 | – | 32,000 |
| 30 April 2024 | 22 | – | 32,000 |
| 29 April 2024 | 20 | 30,000 |
Sai Swami Metals IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,186,000 | 1,186,000 | 2,372,000 |
| 3 May 2024 | 558.53 | 528.82 | 543.68 |
| 2 May 2024 | 67.33 | 175.47 | 121.40 |
| 30 Apr 2024 | 14.00 | 31.79 | 22.90 |
The above calculations do not include the market maker reservation portion of 128,000 shares.
Sai Swami Metals IPO Allotment Status
Sai Swami Metals IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Sai Swami Metals IPO Dates & Listing Performance
| IPO Opening Date | 30 April 2024 |
| IPO Closing Date | 3 May 2024 |
| Finalization of Basis of Allotment | 6 May 2024 |
| Initiation of refunds | 7 May 2024 |
| Transfer of shares to demat accounts | 7 May 2024 |
| IPO Listing Date | 8 May 2024 |
| Opening Price on BSE SME | INR 114 per share (up 90%) |
| Closing Price on BSE SME | INR 119.70 per share (up 99.50%) |
Sai Swami Metals Offer Lead Manager
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email: [email protected]
Website: www.swastika.co.in
Sai Swami Metals Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Sai Swami Metals and Alloys IPO Contact Details
SAI SWAMI METALS AND ALLOYS LIMITED
05, Harekrishana Industrial Estate Bakrol,
Ahmedabad, Daskroi, Gujarat – 382430
Phone: +91 99099 70863
E-mail: [email protected]
Website: www.saiswamimetals.com
Sai Swami Metals and Alloys IPO FAQs
What is the Sai Swami Metals offer size?
Sai Swami Metals’ offer size is INR 15 crore.
What is the Sai Swami Metals IPO price band?
Sai Swami Metals’ public offer price is INR 60 per share.
What is the lot size of the Sai Swami Metals IPO?
Sai Swami Metals offer lot size is 2,000 shares.
What is Sai Swami Metals IPO GMP today?
Sai Swami Metals IPO GMP today is INR 50 per share.
What is the Sai Swami Metals kostak rate today?
Sai Swami Metals kostak rate today is INR NA per application.
What are Sai Swami Metals Subject to the Sauda rate today?
Sai Swami Metals are Subject to the Sauda rate today is INR 72,000 per application.
