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19 Dec 2024
Sai Swami Metals & Alloys Limited IPO
Sai Swami Metals & Alloys Ltd. is a part of Group company of DOLPHIN brand stainless steel cookware & appliances manufacturing based at Ahmedabad, Gujarat Since 1995. Based on 20000 Sq.Feet factory premises having ample space of inspection, stock and quality checking facility. With the modern equipment of handling the products company is capable of deliver the order well in time.
With latest testing instruments company can check the quality of product and supply better well in time to the clients. Having experience of more than 25 years in the field of stainless Steel, ferrous and non-ferrous metal.These products showcase Company's commitment to providing high-quality stainless steel kitchenware that spans a wide spectrum of categories. With a focus on innovation and quality, its offerings are crafted to meet the unique preferences and requirements of diverse customer base. Sai Swami Metals & Alloys IPO is a fixed price issue of Rs 15.00 crores.
The issue is entirely a fresh issue of 25 lakh shares. Sai Swami Metals & Alloys IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. Swastika Investmart Ltd is the book running lead manager of the Sai Swami Metals & Alloys IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sai Swami Metals & Alloys IPO is Sunflower Broking.
Sai Swami Metals & Alloys Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,117,710 |
| Share holding post issue | 6,617,710 |
| Market Maker portion | 128,000 shares Sunflower Broking |
Sai Swami Metals & Alloys Limited IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
Sai Swami Metals & Alloys Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Sai Swami Metals & Alloys Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Sai Swami Metals & Alloys Limited IPO Promoter Holding
| Shareholding Pre Issue | 99.88% |
| Shareholding Post Issue | 62.15% |
Company & Financials
Sai Swami Metals & Alloys Ltd. (SSMAL) is actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of discerning customers. Its 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. It is also engaged in trading of basic raw material 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 various customers. On the financial performance front, for the last three fiscals, as a proprietorship firm, it has posted a total revenue/net profit of Rs. 7.51 cr. / Rs. 0.05 cr. (FY21), Rs. 8.84 cr. / Rs. 0.52 cr. (FY22), and Rs. 6.25 cr. / Rs. 0.37 cr. (FY23). For 9M of FY24, it earned a net profit of Rs. 0.94 cr. on a total revenue of Rs. 14.35 cr. Thus it posted inconsistency in its top and bottom lines as a proprietorship firm that posted a sudden boost for 9M of FY24.
Sai Swami Metals & Alloys Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | ||||||||||||||||||||||||||||||||||||||
| Assets | 2,617.31 | 2,583.16 | ||||||||||||||||||||||||||||||||||||||
| Revenue | 3,333.86 | 626.76 | ||||||||||||||||||||||||||||||||||||||
| Profit After Tax | 179.52 | 3.83 | ||||||||||||||||||||||||||||||||||||||
| Net Worth | 664.47 | 35.32 | ||||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 252.70 | 34.32 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 743.16 | 610.23 | ||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 | 16.58 |
Objectives of Sai Swami Metals & Alloys Limited IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Incremental Working Capital Requirements.
- 2. To Invest in Subsidiary Company.
- 3. To Purchase of Machineries.
- 4. General Corporate Purpose.
Sai Swami Metals & Alloys Limited IPO review
The company that was primarily a trader in stainless steel products has also entered in kitchenware with vast varieties and models. It has modernized its kitchenware manufacturing facility and giving major thrust for this high margin products that has been reflected in 9M-FY24 performance. With more latest machinery addition, the company hopes to expand its kitchenware product portfolio and sustain the trends in coming years. Based on FY24 annualized earnings, the issue appears fully priced. Post-IPO, small equity base indicates longer gestation for migration. Well-informed investors may park funds for the medium to long term growth.
FAQs for Sai Swami Metals & Alloys Limited IPO
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Why Sai Swami Metals & Alloys IPO?
The initial public offer (IPO) of Sai Swami Metals & Alloys Limited offers an early investment opportunity in Sai Swami Metals & Alloys Limited. A stock market investor can buy Sai Swami Metals & Alloys IPO shares by applying in IPO before Sai Swami Metals & Alloys Limited shares get listed at the stock exchanges. An investor could invest in Sai Swami Metals & Alloys IPO for short term listing gain or a long term.
-
Sai Swami Metals & Alloys IPO what should investors do?
Sai Swami Metals & Alloys IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Is Sai Swami Metals & Alloys IPO good?
Our recommendation for Sai Swami Metals & Alloys IPO is to subscribe for long term.
-
When will Sai Swami Metals & Alloys IPO allotment status?
The Sai Swami Metals & Alloys IPO allotment status will be available on or around May 6, 2024. The allotted shares will be credited in demat account by May 7, 2024.
-
When will Sai Swami Metals & Alloys IPO list?
The Sai Swami Metals & Alloys IPO list date is not yet available. The Sai Swami Metals & Alloys IPO is planned to list on May 8, 2024, at BSE SME.
RHP:
RHP of Sai Swami Metals & Alloys Limited IPO
DRHP:
DRHP of Sai Swami Metals & Alloys Limited IPO
-
Why Sai Swami Metals & Alloys IPO?
The initial public offer (IPO) of Sai Swami Metals & Alloys Limited offers an early investment opportunity in Sai Swami Metals & Alloys Limited. A stock market investor can buy Sai Swami Metals & Alloys IPO shares by applying in IPO before Sai Swami Metals & Alloys Limited shares get listed at the stock exchanges. An investor could invest in Sai Swami Metals & Alloys IPO for short term listing gain or a long term.
-
Sai Swami Metals & Alloys IPO what should investors do?
Sai Swami Metals & Alloys IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Is Sai Swami Metals & Alloys IPO good?
Our recommendation for Sai Swami Metals & Alloys IPO is to subscribe for long term.
-
When will Sai Swami Metals & Alloys IPO allotment status?
The Sai Swami Metals & Alloys IPO allotment status will be available on or around May 6, 2024. The allotted shares will be credited in demat account by May 7, 2024.
-
When will Sai Swami Metals & Alloys IPO list?
The Sai Swami Metals & Alloys IPO list date is not yet available. The Sai Swami Metals & Alloys IPO is planned to list on May 8, 2024, at BSE SME.
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