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SME IPO Status: Closed [30th Apr 2024 to 3rd May 2024]
Sai Swami Metals & Alloys IPO, a SME IPO of ₹15.00 Cr opens for subscription from 30-04-2024 to 03-05-2024. The IPO consists of ₹15.00 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 60.00 per share. You can apply to the Sai Swami Metals & Alloys SME IPO for a minimum lot of 2000 shares amounting of Rs 120000.
The tentative listing date on the exchange (BSE SME) is 08-05-2024.Stay tuned with us to get more details about Sai Swami Metals & Alloys SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 30th Apr 2024 |
| SME IPO Issue Closing Date: | 3rd May 2024 |
| SME IPO Issue Price: | ₹60.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹15.00 Cr |
| Fresh Issue: | ₹15.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.88% |
| Promoter Holding Post IPO: | 62.15% |
Get important updates regarding Sai Swami Metals & Alloys SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th May 2024 |
| Refunds Initiation* | 7th May 2024 |
| Credit of Shares to Demat* | 7th May 2024 |
| SME IPO Listing Date* | 8th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹60.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-05-2024 | 60.00 | 50 | 76000 | ₹110 (83.33%) | 7-May-2024 10:29 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sai Swami Metals And Alloys Limited is actively involved in trading and marketing a comprehensive range of stainless steel products to meet the diverse needs of its discerning customers. Their product line has been specially designed to include a wide range of kitchen utensils including dinnerware, stainless steel casseroles, stainless steel multi kadai, stainless steel water bottles, stainless steel sheets, stainless steel circles and various types of utensils.They are engaged in trading various raw materials including SS Patta, SS Sheet, SS Coil, SS Scrap, SS Pipe, SS Round, and SS Beam for their customers.
The company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP specialize in trading and marketing of stainless steel tableware under the well-known brand "DOLPHIN". Under an outsourcing model, the company works with Dhruvish Metals LLP, a subsidiary of Sai Swami Metals and Alloys Limited, to source complete tableware products. Dhruvish Metals manufactures all kitchenware products, including comprehensive packaging, which is then supplied to Sai Swami for further sale and distribution.
Through a network of 6 distributors and more than 150 sub-dealers/warehouses/retailers and strategic alliances, wide availability of products is ensured across India, either through direct channels or through reputed semi-wholesalers.
| Incorporation | Sector | IPO Issue Size | Website |
| 2022 | Household Appliances | ₹15.00 Cr | https://www.saiswamimetals.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,186,000 (50%) | 1,186,000 (50%) | 2,372,000 | |
| 1 | 30th Apr 2024 19:04 | 13.98x | 31.79x | 22.90x |
| 2 | 2nd May 2024 19:04 | 66.77x | 174.66x | 120.92x |
| 3 | 3rd May 2024 19:04 | 533.83x | 529.01x | 543.72x |
| 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 | ||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sai Swami Metals & Alloys Limited | 5.29 | 19.57 | 11.34 | 27.02 | Consolidated | |
| Ttk Prestige Ltd. | 12.25 | 152.25 | 60.51 | 8.24 | Consolidated |
Last Updated on 07-May-2024 10:32:50
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sai Swami Metals & Alloys SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sai Swami Metals & Alloys SME IPO with Zerodha.
Alternate approch to apply in Sai Swami Metals & Alloys SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sai Swami Metals & Alloys SME IPO Review and Important Updates
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To subscribe or apply in Sai Swami Metals & Alloys SME IPO, you can use the following methods:
| Sai Swami Metals & Alloys SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sai Swami Metals & Alloys SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sai Swami Metals & Alloys SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sai Swami Metals & Alloys SME IPO. Most of the Syndicate Banks provide access to apply in Sai Swami Metals & Alloys IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sai Swami Metals & Alloys SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sai Swami Metals & Alloys SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sai Swami Metals & Alloys SME IPO Review and Important Updates
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Sai Swami Metals & Alloys SME IPO is going to be list on 08-05-2024.
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Sai Swami Metals & Alloys SME IPO Allotment Date is 06-05-2024.
Other relevant questions:
Sai Swami Metals & Alloys SME IPO share allotment date?Sai Swami Metals & Alloys SME IPO allotment date?
