Sai Swami Metals & Alloys Limited IPO
- IPO Date30 Apr, 2024 to 03 May, 2024
- Listing Date08 May, 2024
- Face Value₹10 per share
- Issue Price₹60 to ₹60 per share
- Lot Size2000 Shares
- Minimum Investment₹1,20,000
- Listing AtBSE SME
- Total Issue Size25,00,000 Shares
(aggregating up to ₹15.00 Cr) - Fresh Issue25,00,000 Shares
(aggregating up to ₹15.00 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue41,17,710
- Shareholding post issue66,17,710
IPO Dates
Closing Date
03 May, 2024
Initiation of Refunds
07 May, 2024
Listing Date
08 May, 2024
30 Apr, 2024
Opening Date
06 May, 2024
Basis of Allotment
07 May, 2024
Credit of Shares
Sai Swami Metals & Alloys Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 4000 | ₹2,40,000 |
| Retail (Min) | 1 | 2000 | ₹1,20,000 |
| Retail (Max) | 1 | 2000 | ₹1,20,000 |
Sai Swami Metals & Alloys Limited Promoter Holding
The promoter of the company is Mr. Nipun Anantlal Bhaga.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.88% | 62.15% |
Sai Swami Metals & Alloys Limited COMPANY INFORMATION
Sai Swami Metals and 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 and Alloys IPO is open for subscription on April 30, 2024 and close today May 3, 2024. The allotment for the Sai Swami Metals and Alloys IPO is expected to be finalized on Monday, May 6, 2024. Sai Swami Metals and Alloys IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 8, 2024. Sai Swami Metals and Alloys IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000. Swastika Investmart Ltd is the book running lead manager of the Sai Swami Metals and Alloys IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sai Swami Metals and Alloys IPO is Sunflower Broking. Refer to Sai Swami Metals and Alloys IPO RHP for detailed information.
Incorporated in September, 2022,Sai Swami Metals and Alloys Pvt. Ltd. trades in a wide range of stainless steel products to cater to the varied needs of our customers.
The company's product line includes a variety of kitchenware such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various utensils.
The Dolphin brand is recognized for trading and marketing stainless steel kitchenware products by the company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP.
As of December 31st, 2023, the company has a network of 6 Distributors and more than 150 sub-dealers/stockiest/retailers and strategic alliances in the state of Gujarat, Madhya Pradesh, Maharashtra etc.
On March 31st, 2024, the Company had a total of seven employees.
FAQs About Sai Swami Metals Alloys Limited Ipo
Sai Swami Metals & Alloys Limited IPO will open on 30 Apr, 2024 and close on 03 May, 2024. Investors must apply within this period to participate.
The Sai Swami Metals & Alloys Limited IPO price band is set between ₹60.00 and ₹60.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹120000.00.
The Sai Swami Metals & Alloys Limited IPO shares are expected to be listed on 08 May, 2024, subject to regulatory approvals and final allotment.
You can track your Sai Swami Metals & Alloys Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sai Swami Metals & Alloys Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.