Sai Swami Metals & Alloys Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Apr 2024

Close Date

03 May 2024

Allotment

06 May 2024

Listing Date

08 May 2024

Exchange

BSE SME

Price Band

₹60

Listing Price

See chart

Allotment Status

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Price Band

₹60

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

25,00,000 shares (aggregating up to ₹15.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

41,17,710 shares

Promoters

Post-IPO Holding

66,17,710 shares

Promoters

P/E (Pre)

11.34x

P/E (Post)

16.58x

EPS (Pre)

₹5.29

UPI Deadline

2024-05-03

Mandate

Anchor AllotmentMon, 29 Apr 2024

Basis of AllotmentMon, 06 May 2024

Refund InitiationTue, 07 May 2024

Demat CreditTue, 07 May 2024

Listing DayWed, 08 May 2024

UPI Mandate Deadline2024-05-03

Sale TypeFresh Capital

Net Offer to Public23,72,000 shares (aggregating up to ₹14.23 Cr)

Market Maker Quota1,28,000 shares (aggregating up to ₹0.7680 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sai Swami Metals & Alloys Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	128,000	—	₹0.77
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,500,000	100%	₹15.00

IPO Shares Offered

Sai Swami Metals & Alloys Ltd IPO total issue size: ₹15.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	128,000	₹0.77	5.12%
Total	2,500,000	₹15.00	100.00%

* Based on upper price band ₹60 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹60.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹240,000
Retail (Max — 13 Lots)	13	26,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,160,000

* Issue Price ₹60 × Lot Size 2,000 shares

IPO Schedule

Anchor

29 Apr 2024

✓ Done

IPO Open

30 Apr 2024

✓ Done

IPO Close

03 May 2024

✓ Done

Allotment

06 May 2024

✓ Done

Refunds

07 May 2024

✓ Done

Demat Credit

07 May 2024

✓ Done

Listing Day

08 May 2024

✓ Done

₹60.00

INR · BSE

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Issue ₹60.00 Live Price

About Sai Swami Metals & Alloys Ltd

Incorporated in September 2022, Sai Swami Metals and Alloys 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.

Objects of the Issue

To Meet Incremental Working Capital Requirements;

To Invest in Subsidiary Company;

To Purchase of Machineries;

General Corporate Purpose

Sai Swami Metals & Alloys Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

₹626.8

31 Mar 2023

₹3,333.9

31 Dec 2023

Profit After Tax (PAT)

N/A

FY 2022-23

₹3.8

31 Mar 2023

₹179.5

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	FY 2022-23
Revenue from Operations	3333.86	626.76	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	179.52	3.83	N/A
Net Worth	664.47	35.32	N/A
Total Assets	2617.31	2583.16	N/A
Reserves & Surplus	252.70	34.32	N/A
Borrowings	743.16	610.23	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	5.38%	—	—

RoNW

27.02%

PAT Margin

5.38%

Issue Structure & Shareholding

Total Shares Offered25,00,000 (100.00%)

Net Offer to Public23,72,000 shares (aggregating up to ₹14.23 Cr)

Reserved for Market Maker1,28,000 shares (aggregating up to ₹0.7680 Cr)

Pre-Issue Promoter Holding41,17,710 shares

Post-Issue Promoter Holding66,17,710 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Swastika Investmart Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sai Swami Metals & Alloys Ltd IPO subscribed? ▲

Sai Swami Metals & Alloys Ltd IPO is subscribed 1.00 times by May 03, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sai Swami Metals & Alloys Ltd IPO retail subscription status? ▼

The Sai Swami Metals & Alloys Ltd IPO retail category is subscribed 1.00 times as of 03 May 2024. The retail portion is oversubscribed.

How to subscribe Sai Swami Metals & Alloys Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Apr 2024 and closes 03 May 2024. Min investment: ₹120,000 (1 lot = 2,000 shares). UPI mandate: 2024-05-03.

How many times Sai Swami Metals & Alloys Ltd IPO subscribed? ▼

The Sai Swami Metals & Alloys Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sai Swami Metals & Alloys Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 06 May 2024. Refunds: on 07 May 2024.

When Sai Swami Metals & Alloys Ltd IPO will be listed? ▼

The Sai Swami Metals & Alloys Ltd IPO listing date is 08 May 2024, Wednesday. Listed on: BSE SME. Issue price: ₹60. Estimated listing: ₹60. GMP: NIL.

When Sai Swami Metals & Alloys Ltd IPO close? ▼

The Sai Swami Metals & Alloys Ltd IPO closes on 03 May 2024, Friday. UPI mandate: 2024-05-03. Allotment: 06 May 2024. Listing: 08 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹60.00

Change—

Issue Price₹60.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹60

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹60

Subscribed1.00x

Open Date30 Apr 2024

Close Date03 May 2024

Allotment06 May 2024

Listing Date08 May 2024

ExchangeBSE SME

UPI Deadline2024-05-03