Sai Swami Metals & Alloys IPO Details Today, GMP Price, Date, Review

Sai Swami Metals & Alloys Allotment Status Online

Sai Swami Metals & Alloys IPO Details Today: Sai Swami Metals & Alloys IPO is Open on 30 April 2024 and Close on 3 May 2024. Sai Swami Metals & Alloys  IPO to Raise (Approx 15 crore) 2,500,000 shares via IPO. The Fresh Issue of (Approx 15 crore) 2,500,000 shares.

 

Company Incorporated in September 2022 actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of our discerning customers. Our product line is specifically designed to encompass a wide range of kitchenware, including Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various types of utensils. We are also engaged in trading of basic raw material like S.S.Patta, S.S.Sheet, S.S.Coil, S.S.Scrap, S.S.Pipe, M.S.Round (Mild steel Round) and M.S. beam and so on for our various customers.

 

Sai Swami Metals & Alloys IPO Date & Price Band Details

IPO Open Date 30 April 2024
IPO Close Date 3 May2024
IPO Size (Approx 15 crore) 2,500,000 shares
Fresh Issue (Approx 15 crore) 2,500,000 shares
Lot Size 2000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹60 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here

 

Sai Swami Metals & Alloys IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹120,000
Retail Maximum 1 2000 ₹120,000
S-HNI Minimum 2 4000 ₹240,000

 

Object of the Issue

  1.  To Meet Incremental Working Capital Requirements
  2.  To Invest in Subsidiary Company.
  3.  To Purchase of Machineries.
  4.  General Corporate Purpose.
  5.  To Meet Public Issue Expenses.

Sai Swami Metals & Alloys IPO Allotment & Listing Date (Details)

IPO Open Date April 30, 2024
IPO Close Date May 3, 2024
Basis of Allotment May 6, 2024
Refunds May 7, 2024
Credit to Demat Account May 7, 2024
IPO Listing Date May 8, 2024

 

Sai Swami Metals & Alloys Financial Reports

₹ in Crores
Year Revenue Expense PAT
Dec 2023 ₹33.34 ₹30.91 ₹1.80
2023 ₹6.27 ₹6.24 ₹0.03

 

Our Company Promoters-

  • MR. NIPUN ANANTLAL BHAGAT

Sai Swami Metals & Alloys Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Current Market Price
Sai Swami Metals and alloys Limited 10.00 2.84 21.13 16.97 13.80 60.00
Peer Group
TTK Prestige 1.00 7.74 102.04 5.49 139.72 783.20

 

Qualitative Factors

  • Experienced Promoter and Management Team.
  • Consistent focus on quality Products.
  • Diversified Range of kitchenware product.
  • Established sales and distribution network.

 

Comparison of Accounting Ratios with Peer Group Companies.

  • Sai Swami Metals and alloys Limited
  • TTK Prestige

Sai Swami Metals & Alloys Company Contact Details

05, Harekrishana Industrial Estate Bakrol, Ahmedabad,
Daskroi, Gujarat – 382430,
Website: www.saiswamimetals.com
E-Mail: cs@saiswamimetals.com
Telephone No: +91 99099 70863
Company Secretary Ms. Vidhi Dilipkumar Mehta

Sai Swami Metals & Alloys IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri -[East], Mumbai – 400093, Maharashtra, India
Tel. Number: +91 22 6263 8200
Email Id: ipo@bigshareonline.com
Investors Grievance Id: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Sagar Pathare.

 

About Sai Swami & Alloys-

These products showcase our Company’s commitment to providing high-quality stainless steel kitchenware that spans a wide spectrum of categories. With a focus on innovation and quality, our offerings are crafted to meet the unique preferences and requirements of our diverse customer base. Our Company is specializes in the trading and marketing of stainless steel kitchenware products through the distinguished brand “DOLPHIN.” Employing an outsourcing model.

 

the business collaborates with Dhruvish Metals LLP, a subsidiary company of Sai Swami Metals and Alloys Limited, to source complete kitchenware products. Dhruvish Metals manufactures all kitchenware products, including comprehensive packaging, which is then sent to Sai Swami for further sales and distribution. This end-to-end approach underscores the commitment to delivering high-quality products to customers, emphasizing a streamlined and quality-centric production process through the strategic integration of subsidiary company.

 

the product portfolio boasts 3 Categories consisting Cook wears, Kitchenwear and cutery over 1,200 with different model, each presenting a unique look, style, and personality.Through a network including 6 Distributors more than 200 dealers/stockiest/retailer and strategic alliances,

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