Sai Swami Metals & Alloys Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹60 - ₹60
- Lot size
- 2,000 shares
- Issue amount
- ₹15 cr
- Total subscription
- 543.78×
- Opens
- 30 Apr 2024
- Closes
- 3 May 2024
- Allotment
- 6 May 2024
- Listing
- 8 May 2024
Offer at a glance
Issue overview
- Issue size
- 25,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹15 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 41,17,710
- Shares after issue
- 66,17,710
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,20,000 |
| HNI | 2 | 4,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 7.12 | 3,764.41 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 |
|---|---|---|
| EPS | 5.29 | 38.28 |
| ROE | 0 | 0 |
| ROCE | 0 | 0 |
| RONW | 27.02 | 10.84 |
| PRE IPO(PE) | 11.34 | 0 |
| POST IPO(PE) | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in trading stainless steel kitchenware, including dinner sets, casseroles, multi kadais, water bottles, sheets, circles, and other utensils. The company manages the Dolphin brand, known for its quality, along with its subsidiaries Bhagat Marketing Private Limited and Dhruvish Metals LLP. As of December 31, 2023, Sai Swami Metals has built a strong distribution network with 6 distributors and over 150 sub-dealers, stockists, and retailers across Gujarat, Madhya Pradesh, Maharashtra, and other regions. By March 31, 2024, the company had a team of seven employees, continuing its growth in the stainless steel market.
Strengths
- Strong and Experienced Leadership: Sai Swami Metals and Alloys Pvt. Ltd. is guided by a knowledgeable management team with deep industry experience, enabling effective decision-making and efficient operations.
- Consistent Focus on Quality: The company prioritizes delivering reliable, high-quality products, helping build customer trust and long-term loyalty.
- Diverse Kitchenware Portfolio: Offers a wide variety of kitchenware items such as dinner sets, casseroles, and water bottles, allowing the company to cater to different customer preferences and market demands.
Risk factors
- Dependence on Leased Premises: Operating from leased property exposes the company to risks such as non-renewal, rent increases, or sudden termination, which could disrupt business operations.
- Potential Conflicts with Group Companies: With related entities operating in the same sector, competition or challenges in resource allocation may arise, potentially affecting growth and profitability.
- Low-Margin Business Model: The company functions in a high-volume, low-margin industry, making it sensitive to cost fluctuations and pricing pressures. Any market shift could have a significant impact on overall profitability.
Promoters
Mr. Nipun Anantlal Bhaga
Registrar & documents
Lead manager
Swastika Investmart Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
05, Harekrishana IndustrialEstate Bakrol, Ahmedabad, Daskroi-382430
+91 99099 70863
[email protected]Company website ↗Understanding SAI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.