Sai Swami Metals and Alloys Ltd IPO

Sai Swami Metals and Alloys Ltd IPO

Consumer Durables

sme

Bidding period

30 Apr 2024 - 03 May 2024

Bid price

₹60.00 - ₹60.00

Listing on

BSE-SME

Listing date

08 May 2024

Lot size

2000 shares

Issue size

₹15.00 crore


Minimum investment

₹1,20,000.00 / 1 lot

Maximum investment

₹1,20,000.00 / 1 lot

Bidding closed on 03 May 2024

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Sai Swami Metals and Alloys Ltd IPO dates

IPO opening date

30 Apr 2024

IPO end date

03 May 2024

Allotment date

06 May 2024

Initiation of refunds

07 May 2024

Credit of shares to demat

07 May 2024

IPO listing date

08 May 2024

Sai Swami Metals and Alloys Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹20.11
Total liabilities ₹20.11
Total expenditure ₹37.84
Total revenue ₹40.73
Profit after tax ₹2.16
EBITDA ₹3.43
Adjusted EBITDA ₹0.00

Sai Swami Metals and Alloys Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 99.88 62.15
Public group 0.12 37.85

Sai Swami Metals and Alloys Ltd strengths and risks

Information currently unavailable

  • Experienced Promoter and Management Team.

  • Consistent focus on quality Products.

  • Diversified Range of kitchenware product.

  • Established sales and distribution network.

  • 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.

  • 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.

  • 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.

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

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

  • 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.

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

  • 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.

  • 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.

  • 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.

How to check the allotment status of the Sai Swami Metals and Alloys Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Sai Swami Metals and Alloys Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Sai Swami Metals and Alloys Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

Read more Read less

Sai Swami Metals and Alloys Ltd IPO registrar

Bigshare Services Pvt Ltd

Phone number +91 22 6263 8200;
E-mail ID ipo@bigshareonline.com;
Website www.bigshareonline.com

Sai Swami Metals and Alloys Ltd IPO reservation

QIB shares offered

0 (0.0%)

NII (HNI) shares offered

11,86,000 (47.44%)

Retail shares offered

11,86,000 (47.44%)

Anchor investor shares offered

0 (0.0%)

Total shares offered

25,00,000

Total shares with anchor investor

25,00,000

Sai Swami Metals and Alloys Ltd IPO lead manager

  • Swastika Investmart Ltd

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Sai Swami Metals and Alloys Ltd IPO?

The listing date for the Sai Swami Metals and Alloys Ltd IPO is 08 May 2024.

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

The issue size of the Sai Swami Metals and Alloys Ltd IPO is ₹15.00 cr.

What is the minimum lot size needed for Sai Swami Metals and Alloys Ltd IPO?

The minimum lot size for Sai Swami Metals and Alloys Ltd IPO is 2000

When does the Sai Swami Metals and Alloys Ltd open and close?

Sai Swami Metals and Alloys Ltd IPO is open from 30 Apr 2024 to 03 May 2024.

How can I apply for the Sai Swami Metals and Alloys Ltd IPO?

To apply for the Sai Swami Metals and Alloys Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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