Sai Swami Metals and Alloys Ltd

Consumer Durables

Offer Period :

30th to 5th May 2024

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Sai Swami Metals and Alloys Ltd IPO Details

IPO Date 30th to 5th May 2024 Minimum Investment ₹120000 / 1 Lots
Listing Date 2024-05-08 Maximum Investment ₹120000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹15 Crores
Price ₹60 to ₹60 per share Fresh Issue ₹15 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 30th to 5th May 2024
Listing Date 2024-05-08
Face Value ₹10 per share
Price ₹60 to ₹60 per share
Lot Size 1 Lots (2000 Shares)
Listing At BSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Total Issue Size ₹15 Crores
Fresh Issue ₹15 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

30th Apr

IPO Starts

3rd May

IPO Ends

6th May

Allotment Date

7th May

Initiation of Refund

7th May

Credit of Shares to Demat Account

8th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.88 62.15
Public Group 0.12 37.85

Sai Swami Metals and Alloys Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1186000(47.44%)
Retail Shares Offered 1186000(47.44%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 2500000
Total Shares With Anchor Investor 2500000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sai Swami Metals and Alloys Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200;
Email Id ipo@bigshareonline.com;
Our Website www.bigshareonline.com

Sai Swami Metals and Alloys Ltd IPO Lead Manager

1. Swastika Investmart Ltd

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Sai Swami Metals and Alloys Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sai Swami Metals and Alloys Ltd

1. Experienced Promoter and Management Team.

2. Consistent focus on quality Products.

3. Diversified Range of kitchenware product.

4. Established sales and distribution network.

Risks Involved

1. The property used by the Company for the operation purpose is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or its failure to renew the same could adversely affect the company's operations.

2. Majority of its Current revenue is dependent on one product i.e., S.S. Scraps inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.

3. The Company is using logo of its Subsidiary Company and also has made application for registration of trademark, which is under process of registration. The company is unable to assure that the future viability or value of any of its intellectual property or that the steps taken by it to protect the proprietary rights of the Company will be adequate.

4. The company source its materials from third parties with whom the company does not have long term contract or price guarantees.

5. Its operations are significantly dependent on third parties for the distribution and sales of its products.

6. The Company has in the past entered into related party transactions and may continue to do so in the future and the company cannot assure you that the company could not have achieved more favorable terms, if such transactions had not been entered into with related parties. And will not have an adverse effect on its financial conditions and result of operations.

7. Its sales may be negatively impacted by increasing competition from companies and local firms with products similar to its.

8. Its Group Company Bhagat Marketing Private Limited and Dhruvish Metals Industries LLP is engaged primarily in manufacturing, Distribution and Marketing of Kitchen appliances. Any conflict of interest which may occur between the business of group companies and it may adversely affect its business, prospects, results of operations and financial condition.

9. There are certain outstanding legal proceeding against its Promoter and the company's Group Companies which may adversely affect its business, financial condition and results of operations.

10. The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on its business, results of operations, margins and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023
Total Assets 25.83
Total Liabilities 25.83
Total Expenses 6.24
Total Revenue 
6.27
Profit After Tax 0.04
EBITDA 0.04
Adjusted EBITDA 0

Sai Swami Metals and Alloys Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-08 544170 -
INE0QXT01018
₹60 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹60 ₹60
Open ₹114 ₹0
Low ₹114 ₹0
High ₹119.7 ₹0
Low ₹114 ₹0

Frequently Asked Questions

What is Sai Swami Metals and Alloys Ltd IPO?

Answer Field

Sai Swami Metals and Alloys Ltd IPO is a SME IPO of 25,00,000 equity shares of a face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹60 to ₹60 per share. The minimum order quantity is 2000 Shares. The IPO opens on April 30, 2024, and closes on May 03, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Sai Swami Metals and Alloys Ltd IPO will open?

Answer Field

The Sai Swami Metals and Alloys Ltd IPO opens on April 30, 2024 and closes on May 03, 2024.

What is the lot size of Sai Swami Metals and Alloys Ltd?

Answer Field

Sai Swami Metals and Alloys Ltd lot size is 2000 shares, and the minimum amount required is ₹1,20,000.

How to apply for Sai Swami Metals and Alloys Ltd IPO?

Answer Field

You can apply in Sai Swami Metals and Alloys Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Sai Swami Metals and Alloys Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sai Swami Metals and Alloys Ltd IPO will be done on May 06, 2024, and the allotted shares will be credited to your demat account by May 07, 2024.

When is Sai Swami Metals and Alloys Ltd IPO listing date?

Answer Field

The Sai Swami Metals and Alloys Ltd listing date is May 08, 2024.

Who is the registrar of Sai Swami Metals and Alloys Ltd IPO?

Answer Field

The registrar of Sai Swami Metals and Alloys Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Swastika Investmart Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sai Swami Metals and Alloys Ltd IPO?

Answer Field

The fresh issue size is ₹15 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sai Swami Metals and Alloys Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,20,000 amount.

How can I approve the UPI mandate request for Sai Swami Metals and Alloys Ltd IPO?

Answer Field

To apply for Sai Swami Metals and Alloys Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sai Swami Metals and Alloys Ltd?

Answer Field

The price of each Sai Swami Metals and Alloys Ltd share will be ranging in between ₹60 to ₹60 per share.

What is the cut-off time for the UPI mandate for Sai Swami Metals and Alloys Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 03, 2024.

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