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 their discerning customers. Their 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. They are also engaged in trading basic raw materials like S.S. Patta, S.S. Sheet, S.S. Coil, S.S. Scrap, S.S. Pipe, M.S. Round (Mild Steel Round) M.S. beam, and so on for their various customers. These products showcase the Company’s commitment to providing high-quality stainless steel kitchenware that spans a wide spectrum of categories. With a focus on innovation and quality, their offerings are crafted to meet the unique preferences and requirements of their diverse customer base.
The Company and Its two subsidiaries i.e. Bhagat Marketing Private Limited and Dhruvish Metals LLP specialize 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. This end-to-end approach underscores the commitment to delivering high-quality products to customers, emphasizing a streamlined and quality-centric production process through the strategic integration of a subsidiary company. The synergy between Sai Swami and Dhruvish Metals ensures efficiency and excellence, strengthening the brand’s market positioning.
Their Company has strategically appointed highly experienced sales personnel for the job, complemented by our promoter’s extensive three-decade experience in this field. Through a network including 6 Distributors and more than 150 sub-dealers/stockiest/retailers and strategic alliances, they ensure the widespread availability of their products across Pan India,either through direct channels or reputable semi-wholesalers.
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 IPO Review
- May Apply
Sai Swami Metals & Alloys IPO Date & Price Band Details
| IPO Open: | April 30, 2024 |
| IPO Close: | May 3, 2024 |
| IPO Size: | Approx ₹15 Crores, 2,500,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹60 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Sai Swami Metals & Alloys IPO Market Lot
The Sai Swami Metals & Alloys IPO minimum market lot is 2000 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹120,000 |
| Retail Maximum | 1 | 2000 | ₹120,000 |
| S-HNI Minimum | 2 | 4000 | ₹240,000 |
Sai Swami Metals & Alloys IPO Dates
The Sai Swami Metals & Alloys IPO date is April 30 and the IPO close date is May 3. The IPO allotment date is May 6 and the IPO might list on May 8.
| IPO Open Date: | April 30, 2024 |
| IPO Close Date: | May 3, 2024 |
| Basis of Allotment: | May 6, 2024 |
| Refunds: | May 7, 2024 |
| Credit to Demat Account: | May 7, 2024 |
| IPO Listing Date: | May 8, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Sai Swami Metals & Alloys IPO Form
How to apply Sai Swami Metals & Alloys IPO? You can apply Sai Swami Metals & Alloys IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sai Swami Metals & Alloys IPO in the Invest section. The other option you can apply Sai Swami Metals & Alloys IPO via IPO forms download via the BSE website. Check out the Sai Swami Metals & Alloys forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Sai Swami Metals & Alloys Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2023 | ₹6.27 | ₹6.24 | ₹0.03 |
| Dec 2023 | ₹33.34 | ₹30.91 | ₹1.80 |
Sai Swami Metals & Alloys IPO Valuation – FY2023
Check Sai Swami Metals & Alloys IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹38.28 per Equity Share |
| Price/Earning P/E Ratio: | 1.57 |
| Return on Net Worth (RoNW): | 10.84% |
| Net Asset Value (NAV): | ₹353.20 per Equity Share |
Peer Group
- TTK Prestig
Company Promoters
- Mr. Nipun Anantlal Bhaga
Sai Swami Metals & Alloys IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Sai Swami Metals & Alloys IPO Allotment Status
Check Sai Swami Metals & Alloys IPO allotment status on Bigshare website URL. Click Here
Sai Swami Metals & Alloys IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Ltd
Company Address
Sai Swami Metals & Alloys Limited
05, Harekrishana Industrial
Estate Bakrol,
Ahmedabad, Daskroi-382430
Phone: +91 99099 70863
Email: [email protected]
Website: https://www.saiswamimetals.com/
