IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
₹60 per share
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
25,00,000 Equity Shares (Aggregating up to ₹15 Cr)
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |Sai Swami Metals and Alloys Limited IPO Important Dates
Important dates with respect to IPO allotment and listing
Opening Date
To be announced
Closing Date
To be announced
Basis of Allotment
To be announced
Initiation of Refunds
To be announced
Credit of Shares to Demat
To be announced
Listing Date
To be announced
Cut-off time for UPI mandate confirmation
To be announced
About Sai Swami Metals and Alloys Limited
Incorporated in 2022, Sai Swami Metals and Alloys Limited is involved in the trading and marketing of a comprehensive array of stainless steel products.
Through this, it addresses the diverse needs of its discerning customers. The company is engaged in trading basic raw materials 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 its various customers.
The company’s 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.
The Indian Cookware and Serveware Market experienced moderate growth during the period 2017-2020, supported by rapid growth in population and rising urbanisation in the country. India's Cookware Market is expected to grow at a CAGR of 6.0% during 2021-2027. The rising population in the country and faster urbanisation are the two main factors driving the growth of the market at a faster pace.
Sai Swami Metals and Alloys Limited IPO Details
Sai Swami Metals and Alloys Limited IPO Date
Sai Swami Metals and Alloys Limited IPO is a 100% fresh issue. Sai Swami Metals and Alloys Limited’s IPO will be listed on the BSE SME. It is a fixed-price issue IPO.
Sai Swami Metals and Alloys Limited IPO Price Band
The issue price of the IPO has been fixed at ₹60 per share.
Sai Swami Metals and Alloys Limited IPO Lot Size
The lot size of the IPO has been fixed at 2,000 shares.
Sai Swami Metals and Alloys Limited IPO Objectives
The objectives of Sai Swami Metals and Alloys Limited IPO are listed below:
- For working capital requirements.
- To invest in the subsidiary company.
- For the purchase of machineries.
- General corporate purposes.
Peer Details
As per DRHP, TTK Prestige Ltd is the only listed peer having a similar line of business.
How To Check the Allotment Status of the Sai Swami Metals and Alloys Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Sai Swami Metals and Alloys Limited
Registered office: 05, Harekrishana Industrial Estate Bakrol, Ahmedabad,
Daskroi, Gujarat – 382430
Phone: +91 99099 70863
E-mail:cs@saiswamimetals.com
Financial Performance
| Particulars | Period Ended on September 30, 2023 | Year Ending on March 31, 2023 |
|---|---|---|
| Total Income | 2,681.13 | 626.76 |
| Profit After Tax (PAT) | 96.45 | 3.83 |
| Assets | 2,887.92 | 2,583.16 |
| Net Worth | 568.25 | 35.32 |
| Total Borrowings | 621.57 | 610.23 |
Know before investing
Strengths
2-
The company has increased its production capacity by acquiring Dhruvish Metal Industries LLP. As a result, the company has access to a manufacturing facility with an annual capacity of 1,200 tons.
-
Looking forward, the company plans to cater to the increasing demand of its existing customers and increase its existing customer base by enhancing the distribution reach of its products in different parts of the country.
Risks
2-
The company has substantial dependence on third-party entities to distribute and sell its products, which poses significant risks to its operations.
-
The company’s sales may be negatively impacted by increasing competition from companies and local firms with similar products.
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Sai Swami Metals and Alloys Limited IPO FAQs
Sai Swami Metals and Alloys Limited IPO is a 100% fresh issue to raise up to ₹15 crore.
The Basis of Allotment date has not been announced yet.
The IPO subscription window has not been decided yet.
The lot size of the IPO has been fixed at 2,000 shares.
Sai Swami Metals and Alloys Limited IPO will be listed on BSE SME.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
