Sai Swami Metals and Alloys Pvt. Ltd. trades in a wide range of stainless steel products to cater to the varied needs of its 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.
Sai Swami Metals & Alloys IPO – Details
| IPO Opening Date | 30 April 2024 |
| IPO Closing Date | 03 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 25,00,000 Shares Worth ₹15.00 Crore Fresh Issue: 25,00,000 Shares Worth ₹15.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Private Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Sai Swami Metals & Alloys IPO – Date Schedule
| IPO Open Date | 30 April 2024 |
| IPO Close Date | 03 May 2024 |
| Basis of Allotment | 06 May 2024 |
| Initiation of Refund | 07 May 2024 |
| Credit of Shares to Demat Account | 07 May 2024 |
| IPO Listing Date | 08 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 03, 2024 |
Sai Swami Metals & Alloys IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,20,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,20,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,40,000 |
Competitive Strengths
- Experienced Promoter and Management Team;
- Consistent focus on quality Products;
- Diversified Range of kitchenware product and
- Established sales and distribution network.
Company Promoters
- Mr. Nipun Anantlal Bhaga
Object Of The Issue
- To Meet Incremental Working Capital Requirements;
- To Invest in Subsidiary Company;
- To Purchase of Machineries;
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | 6.26 | 6.24 | 0.03 | 6.10 |
| 31 December 2023 | 33.33 | 30.91 | 1.79 | 7.43 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 27.02% |
| PAT Margin (%) | 5.38 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.29 | – |
| P/E (x) | 11.34 | – |
Sai Swami Metals & Alloys IPO Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 62.15% |
Sai Swami Metals & Alloys IPO Prospectus
- Sai Swami Metals & Alloys IPO DRHP
- Sai Swami Metals & Alloys IPO RHP
Company Contact Information
| Sai Swami Metals & Alloys Limited 05, Harekrishana Industrial Estate Bakrol, Ahmedabad, Daskroi-382430 Phone: +91 99099 70863 Email: cs@saiswamimetals.com Website: https://www.saiswamimetals.com/ |
Sai Swami Metals & Alloys IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Sai Swami Metals & Alloys IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
Sai Swami Metals & Alloys IPO FAQs
| What is Sai Swami Metals & Alloys IPO? Sai Swami Metals & Alloys IPO is a SME IPO. The issue is priced at ₹60 per equity share. The IPO is to be listed on BSE SME. |
| When Sai Swami Metals & Alloys IPO will open? The IPO is to open on 30 April 2024 for Retails – 50% and Others – 50% Investors. |
| How to Sai Swami Metals & Alloys IPO? You can apply for Sai Swami Metals & Alloys IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sai Swami Metals & Alloys IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sai Swami Metals & Alloys”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Sai Swami Metals & Alloys IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sai Swami Metals & Alloys”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sai Swami Metals & Alloys IPO Size? Sai Swami Metals & Alloys IPO size is ₹15.00 crores. |
| What is Sai Swami Metals & Alloys IPO Price Band? Sai Swami Metals & Alloys IPO Price Band is ₹60. |
| What is Sai Swami Metals & Alloys IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,20,000 amount while the maximum bid is 2000 shares with ₹1,20,000. |
| What is the Sai Swami Metals & Alloys IPO Allotment Date? Sai Swami Metals & Alloys IPO allotment date is 06 May 2024. |
| What is the Sai Swami Metals & Alloys IPO Listing Date? Sai Swami Metals & Alloys IPO listing date is 08 May 2024. The IPO is to list on BSE SME. |
