Sai Swami Metals & Alloys IPO Review

 
Sai Swami Metals & Alloys IPO Review

IPO Open Date: April 30, 2024

IPO Close Date: May 3, 2024

IPO Price: ₹60 per share

Lot Size: 2000 Shares

Listing: May 8, 2024

Sai Swami Metals & Alloys is scheduled to hit the market on April 30, 2024 and close on May 03, 2024. Sai Swami Metals & Alloys plans to raise around ₹15.00 Cr through an IPO with a sale of up to 2,500,000 equity shares of ₹10 each. The Retail offered 50%, Others Shares Offered 50%.

Sai Swami Metals and Alloys Pvt. Ltd., established in September 2022, specializes in trading a diverse range of stainless steel products to meet the varying demands of its customers. The company's product portfolio encompasses a wide array of kitchenware items, including 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, known for its stainless steel kitchenware products, is managed by the company along with its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP.

As of December 31st, 2023, Sai Swami Metals and Alloys Pvt. Ltd. has established a robust distribution network comprising six Distributors and over 150 sub-dealers, stockists, retailers, and strategic alliances across regions like Gujarat, Madhya Pradesh, and Maharashtra. By March 31st, 2024, the company operated with a modest team of seven dedicated employees, reflecting its focus on efficiency and streamlined operations in serving its clientele effectively.

Sai Swami Metals & Alloys



Sai Swami Metals & Alloys IPO Details

Sai Swami Metals & Alloys IPO opens on April 30, 2024, and closes on May 03, 2024. The Listing date for Sai Swami Metals & Alloys IPO is on May 08, 2024. The price band for IPO is ₹60 per share and lot size of 2000 Shares.

IPO DateApril 30, 2024 to May 03, 2024
Listing DateMay 08, 2024
Price₹60 per share
Lot Size2000 Shares
Issue Size₹15.00 Cr
Face Value₹10 per share

Sai Swami Metals & Alloys IPO Tentative Timetable

Sai Swami Metals & Alloys opening date is April 30, 2024 and close date is May 03, 2024. The IPO allotment date is May 06, 2024. The refund initiation of IPO is on May 07, 2024. The credit of shares in demat account is on May 07, 2024. The listing date is on May 08, 2024.

EventDate
IPO OpeningApril 30, 2024
IPO ClosingMay 03, 2024
IPO Allotment DateMay 06, 2024
Refund InitiationMay 07, 2024
Shares Credit to DematMay 07, 2024
Lisiting DateMay 08, 2024

Sai Swami Metals & Alloys IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹120,000
Retail(Maximum)12000₹120,000
HNI (Minimum)24000₹240,000

Sai Swami Metals & Alloys IPO Promoter Holding

Pre Issue Share Holding99.88%
Post Issue Share Holding62.15%

Sai Swami Metals & Alloys IPO Review

Sai Swami Metals & Alloys Ltd. is all set to launch its maiden IPO, offering 25,00,000 equity shares at a fixed price of Rs. 60 each to raise Rs. 15.00 cr. The company, known for trading stainless steel products, is now focusing on the high-margin segment of kitchenware. With a strong performance in the first 9 months of FY24 and plans to expand its presence across Tier II and III cities in India, Sai Swami Metals & Alloys Ltd. is eyeing sustainable growth in the kitchenware market.

The company's financial track record shows a significant boost in revenue and profit for FY24, especially in the kitchenware segment. By investing the IPO proceeds in working capital, subsidiary investment, machinery purchase, and general corporate purposes, Sai Swami Metals & Alloys Ltd. aims to strengthen its market position and cater to the increasing demand for its products. With a post-IPO market cap of Rs. 39.71 cr., the company's strategic approach towards innovation and quality-centric production processes highlights its commitment to delivering top-notch stainless steel kitchenware products.

Investors looking for long-term rewards may find Sai Swami Metals & Alloys Ltd.'s IPO an attractive opportunity. The company's emphasis on modernizing its kitchenware manufacturing facility and expanding its product portfolio reflects a clear growth strategy. While the issue seems fully priced based on FY24 earnings, the potential for sustained growth in the kitchenware segment presents a promising outlook. Overall, Sai Swami Metals & Alloys Ltd.'s IPO offers investors a chance to be part of a company transitioning towards higher profitability and market expansion in the stainless steel kitchenware industry.

Sai Swami Metals & Alloys IPO Subscription Status (Bidding Details)

Table not found

Sai Swami Metals & Alloys IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Sai Swami Metals & Alloys IPO FAQs

What is Sai Swami Metals & Alloys IPO?

Sai Swami Metals & Alloys is issuing 2,500,000 equity shares with a face value of ₹10 each, totaling up to ₹15.00 Cr. The shares are being offered at a price of ₹60 each, with a minimum order quantity of 2000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Sai Swami Metals & Alloys IPO will open?

Sai Swami Metals & Alloys will open on April 30, 2024 for QIB, NII, and Retail Investors.

When Sai Swami Metals & Alloys IPO will end?

Sai Swami Metals & Alloys will end on May 03, 2024.

What is Sai Swami Metals & Alloys IPO Size?

Sai Swami Metals & Alloys IPO size is 15.00 Cr.

What is Sai Swami Metals & Alloys IPO Price Band?

Sai Swami Metals & Alloys price band is ₹60 per share.

What is the Sai Swami Metals & Alloys IPO Allotment Date?

Sai Swami Metals & Alloys allotment date is May 06, 2024.

What is the Sai Swami Metals & Alloys IPO Listing Date?

Sai Swami Metals & Alloys listing date is May 08, 2024. The IPO is to be listed on BSE and NSE.

How to Sai Swami Metals & Alloys IPO through Zerodha?

To apply for the IPO “Sai Swami Metals & Alloys” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Sai Swami Metals & Alloys IPO through Upstox?

To apply for the IPO “Sai Swami Metals & Alloys” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Sai Swami Metals & Alloys IPO Allotment Status?

For Sai Swami Metals & Alloys IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Sai Swami Metals & Alloys IPO GMP?

You can check out here: Sai Swami Metals & Alloys IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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