27-Apr-2024
2 mins read
Sai Swami Metals and Alloys IPO is open for subscription starting Tuesday, April 30, 2024, and closing on Friday, May 3, 2024. The price of this upcoming IPO is decided at Rs 60 per share. The minimum lot size for the retail category is one lot consisting of 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,20,000 (60 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (60 x 4000 shares). Sai Swami Metals and Alloys IPO is a fixed price issue of Rs 15 crores. This upcoming IPO is a fresh issue of 25 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Monday, May 6, 2024. Sai Swami Metals and Alloys IPO will be listed on BSE SME, and the listing date is fixed on Wednesday, May 8, 2024. The book-running lead manager of Sai Swami Metals and Alloys IPO is Swastika Investmart Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Sunflower Broking.
Sai Swami Metals and Alloys Limited
Sai Swami Metals and Alloys Limited incorporated in 2022, trades in a wide range of stainless steel products to cater various needs of customers. The product portfolio of Sai Swami Metals and Alloys Limited includes a variety of Kitchenware such as Dinner Sets, S.S Casseroles, S.S Multi Kadai, S.S Water Bottles, Stainless Steel Sheet, Stainless Steel Circles and other various utensils. The brand Dolphin is recognised for trading and marketing of stainless steel kitchenware products by the company and its 2 subsidiaries - Bhagat Marketing Private Limited and Dhruvish Metals LLP. As per latest data available, currently the company has a network of 6 distributors and more than 150 sub-dealers. It also has strategic alliances in the state of Gujarat, Maharashtra, Madhya Pradesh etc.
Objectives of Sai Swami Metals and Alloys IPO
The net amount received from Sai Swami Metals and Alloys IPO will be used to meet the incremental working capital requirements. Also to invest in subsidiary company and to purchase new machinery. Additionally, general corporate purposes will also be met.
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Financials of Sai Swami Metals and Alloys Limited (Amt in Rs Lakhs)
Sai Swami Metals and Alloys posted a consolidated revenue of Rs 3,333.86 lakhs and net profit of Rs 179.52 lakhs for the period ending on 31 December 2023. Earlier, the period ending on 31 March 2023, the company reported a revenue of Rs 626.76 lakhs and PAT of Rs 3.83 lakhs.
| Period Ended | 31-Dec-23 |
| Assets | 2,617.31 |
| Revenue | 3,333.86 |
| Profit After Tax | 179.52 |
| Net Worth | 664.47 |
| Reserves and Surplus | 252.7 |
| Total Borrowing | 743.16 |
Other Important Details of Sai Swami Metals and Alloys IPO
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | 8-May-24 |
| Face Value | Rs 10 per share |
| Price | Rs 60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,500,000 shares amounting to Rs 15 crore |
| Fresh Issue | 2,500,000 shares amounting to Rs 15 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 4,117,710 |
| Shareholding post issue | 6,617,710 |
| Market Maker portion | 128,000 shares - Sunflower Broking |
Time-Table of Sai Swami Metals and Alloys IPO
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate | 5 PM on May 3, 2024 |
Lot Size of Sai Swami Metals and Alloys IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 3000 | Rs 1,20,000 |
| Retail - maximum | 1 | 3,000 | Rs 1,20,000 |
| HNI - minimum | 2 | 6,000 | Rs 2,40,000 |
IPO Reservation of Sai Swami Metals and Alloys Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Sai Swami Metals and Alloys Limited IPO
| KPI | Values |
| RoNW | 27.02% |
| P/BV | 5.38 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.29 | - |
| P/E | 11.34 | - |
Promoters of Sai Swami Metals and Alloys Limited and Their Holdings
The promoters of Sai Swami Metals and Alloys company are Nipun Anantlal Bhaga.
| Shareholding Pre Issue | 98.88 percent |
| Shareholding Post Issue | 62.15 percent |
Lead Manager(s) of Sai Swami Metals and Alloys IPO
The lead manager for Sai Swami Metals and Alloys IPO is Swastika Investmart Limited.
How do you apply for the Sai Swami Metals and Alloys IPO?
Wait for the public issue to open for subscription, then click here to apply for the Sai Swami Metals and Alloys Limited IPO with Bigul.
How do you check the allotment status of Sai Swami Metals and Alloys IPO?
The registrar for Sai Swami Metals and Alloys IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
- What is the Sai Swami Metals and Alloys IPO?
Sai Swami Metals and Alloys IPO is a fixed price issue of Rs 15 crores. This upcoming IPO is a fresh issue of 25 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Monday, May 6, 2024.
- Who are the lead managers for the Sai Swami Metals and Alloys Limited IPO?
Swastika Investmart Limited is appointed as the lead manager for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Sai Swami Metals and Alloys Limited, handling the IPO's administrative aspects.
- How can I apply for the Sai Swami Metals and Alloys IPO?
The public subscription of this new IPO will open on April 30, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The net amount received from Sai Swami Metals and Alloys IPO will be used to meet the incremental working capital requirements. Also to invest in subsidiary company and to purchase new machinery. Additionally, general corporate purposes will also be met.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Sai Swami Metals and Alloys Limited IPO by visiting here. For further updates follow Bigul.
- What is the financial performance of Sai Swami Metals and Alloys Limited?
Sai Swami Metals and Alloys posted a consolidated revenue of Rs 3,333.86 lakhs and net profit of Rs 179.52 lakhs for the period ending on 31 December 2023. Earlier, the period ending on 31 March 2023, the company reported a revenue of Rs 626.76 lakhs and PAT of Rs 3.83 lakhs.
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