May 8, 2024
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Sai Swami Metals & alloys IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Sai Swami Metals & alloys IPO Post Listing Review:
Listed at Rs. 114, premium of 90% over the issue price of Rs. 60. The listing has been in line with the expectations of the grey market players.
What is the last GMP of Sai Swami Metals IPO?*
Premium: Rs.50
Min Application Rs. 500
Subject to Rs.76000
Check Subscription status of Sai Swami Metals IPO
On 3 May 2024 @ 5.00 (Day 3) (Closed)
Review: Impressive response on Day 3
NII: 1186000 Shares 533.83 T
RII: 1186000 Shares 529.09 T
Total: 2372000 Shares 543.72 T
What is the business of Sai Swami Metals?
Sai Swami Metals & alloys is actively involved in the trading and marketing of a comprehensive array of stainless-steel products, addressing the diverse needs of its 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. These products showcase the Company’s commitment to providing high-quality stainless steel kitchenware that spans a wide spectrum of categories.
The Company and its two subsidiaries i.e. Bhagat Marketing Private Limited and Dhruvish Metals LLP are specializing in the trading and marketing of stainless-steel kitchenware products through the distinguished brand “DOLPHIN.” Employing an outsourcing model, the business collaborates with Dhruvish Metals LLP, a subsidiary company of Sai Swami Metals and Alloys Limited, to source complete kitchenware products. Dhruvish Metals manufactures all kitchenware products, including comprehensive packaging, which is then sent to Sai Swami for further sales and distribution.
Get more information about the company @ www.saiswamimetals.com
| Sai Swami Metals IPO Details | |
| IPO opens on | 30 April 2024 |
| IPO closes on | 3 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2500000 Sh /Rs 15.00 Cr |
| * Fresh Issue | 2000000 Sh /Rs 15.00 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 128000 Sh. |
| Net offer to Public | 2372000 Sh./Rs.14.23 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs.60 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
| Shares offered in Sai Swami Metals IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | – | – |
| NII (15%) | 1186000 | 7.11 |
| RII (35%) | 1186000 | 7.12 |
| Total Shares | 2372000 | 14.23 |
| Retail portion will be oversubscribed by | 593 | |
| Forms | ||
| How much Shares to Apply in Sai Swami Metals IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 120000 |
| Min HNI Application | 4000 Sh | Rs.240000 |
Who are the Promoters of Sai Swami Metals IPO?
The PROMOTERS OF THE COMPANY IS MR. NIPUN ANANTLAL BHAGAT
What are the Objects of Sai Swami Metals IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
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 IPO Tentative timetable | |
| IPO opens on | 30 April 2024 |
| IPO Closes on | 3 May 2024 |
| IPO Allotment on | 6 May 2024 |
| Refund Initiation | 7 May 2024 |
| Credit of Shares | 7 May 2024 |
| Listing on | 8 May 2024 |
| Registered Office of the Company 5, Harekrishana Industrial Estate Bakrol, Ahmedabad, Daskroi, Gujarat – 382430 |
| Who is the Lead Manager of Sai Swami Metals IPO? SWASTIKA INVESTMART ltd |
| Who is the Registrar to IPO? BIGSHARE SERVICES Pvt ltd |
| Sai Swami Metals IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | ||
| 2021-22 | – | – | ||
| 2022-23 | – | – | ||
| Book Value of the Share on | 31.03.2023 | Rs – | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 60 | |||
| Sai Swami Metals IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | |
| Price/BV Ratio | |
| Upper price/BV after IPO | |
How Sai Swami Metals IPO compares with the Peers?
How PE ratio of the company is arrived at is explained in our guidance given below:
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| 10 | |||
| 10 | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Sai Swami Metals IPO To the point Guidance
The Company was incorporated in the year 2010 and is engaged into storage racking system. It specialises in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions.
Size: The net offer is of Rs. 15.00 Crore/2500000 shares. Retail portion is Rs. 7.12 crore and it can get one time subscribed with 593 applications. The size of the IPO is not so large & over subscription may not be an issue.
Financial Snapshot: The company is mainly engaged in trading of SS Scrap, SS Steel, which forms about 70% of its recent turnover (DRHP page 26). Trading of kitchenware is not so significant portion in the total turnover. The financial performance of the proprietary firm which has been taken over by the company is not quite impressive. This IPO may be avoided.
Quicklinks
Sai Swami Metals IPO GMP today details?
Sai Swami Metals IPO
Sai Swami Metals IPO FAQs
What is Sai Swami Metals IPO?
Sai Swami Metals is a SME IPO of 2500000 equity shares of the face value of Rs. 10 aggregating up to Rs.15 Crores. The issue is priced at Rs.60 per share. The minimum order quantity is 2000 Shares.
When will Sai Swami Metals IPO open?
Sai Swami Metals IPO opens on April 30, 2024, and closes on May 3, 2024.
What is the lot size of Sai Swami Metals IPO?
Sai Swami Metals IPO lot size is 2000 Shares, and the minimum amount required is Rs.120000.
How to apply for Sai Swami Metals IPO?
You can apply in Sai Swami Metals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Sai Swami Metals IPO allotment?
The finalization of Basis of Allotment for Sai Swami Metals IPO will be done on May 6, 2024, and the allotted shares will be credited to your demat account by May 7, 2024.
When is Sai Swami Metals IPO listing date?
Sai Swami Metals IPO listing date is May 8, 2024.
