IPO Launch Date, Evaluation, Pricing, and Allocation Particulars of Sai Swami Metals & Alloys

The IPO details for Sai Swami Metals & Alloys are confirmed: The IPO is scheduled to open on April 30 and close on May 3. Sai Swami Metals & Alloys, a BSE SME IPO, aims to raise ₹15 crores through the IPO. The price band for the Sai Swami Metals & Alloys IPO is fixed at ₹60 per share, with a market lot of 2000 shares.

Sai Swami Metals & Alloys is actively engaged in trading and marketing a diverse range of stainless steel products, catering to the discerning needs of their customers. Their product portfolio is meticulously designed to include various kitchenware items such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and an assortment of utensils. Additionally, they trade in 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 to serve their clientele effectively. These products reflect the company’s dedication to offering premium-quality stainless steel kitchenware across a broad spectrum of categories, tailored to meet diverse customer preferences and requirements.

The company, along with its two subsidiaries, namely Bhagat Marketing Private Limited and Dhruvish Metals LLP, specializes in trading and marketing stainless steel kitchenware products under the distinguished brand “DOLPHIN.” Operating on an outsourcing model, the business collaborates with Dhruvish Metals LLP, a subsidiary of Sai Swami Metals and Alloys Limited, to source complete kitchenware products. Dhruvish Metals handles the manufacturing of all kitchenware products, including comprehensive packaging, which is then supplied to Sai Swami for further sales and distribution. This end-to-end approach underscores the commitment to delivering high-quality products to customers, emphasizing a streamlined and quality-centric production process through the strategic integration of a subsidiary company. The synergy between Sai Swami and Dhruvish Metals ensures efficiency and excellence, bolstering the brand’s market positioning.

The company has strategically appointed highly experienced sales personnel, complemented by the promoter’s extensive three-decade experience in the field. Through a robust network comprising 6 Distributors and over 150 sub-dealers, stockists, retailers, and strategic alliances, they ensure widespread availability of their products across Pan India, employing both direct channels and reputable semi-wholesalers.

Sai Swami Metals & Alloys IPO Details

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

Sai Swami Metals & Alloys IPO Timeline (Tentative Schedule)

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

Key Performance Indicator

KPI Values
RoNW 27.02%
PAT Margin (%) 5.38%

Objects of the Issue (Sai Swami Metals & Alloys IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  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 Financial Information (Restated Standalone)

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

Sai Swami Metals & Alloys Company Financial Report

₹ in Crores
Year Revenue Expense PAT
2023 ₹6.27 ₹6.24 ₹0.03
Dec 2023 ₹33.34 ₹30.91 ₹1.80

Company Promoters

  • Mr. Nipun Anantlal Bhaga