Sai Swami Metals & Alloys Limited IPO is set to launch on 30 April, 2024. The company initiated its business operations in the year 2022. It is involved in the business of stainless steel. Its product portfolio of the company includes S.S carseroles, dinner sets, S.S. water bottles, S.S. Multi kadai, Stainless Steel Circles, Stainless Steel Sheets, etc. The brand recognised for selling by the company is known as Dolphin. The network of the company includes 6 distributors and more than 150 sub brokers in states like Maharashtra, Madhya Pradesh and Gujarat. It has an employee base of 7 people.
Sai Swami Metals & Alloys Limited IPO is set to launch on 30 April, 2024. The subscription timeline extends till 3 May, 2024. The size for the IPO is 15 Crore Rs. Shares issued through fresh issue mode are worth Rs 15 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 60 Rs per share. The company is going to get listed on BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.
| IPO OPENING DATE | 30 April, 2024 |
| CLOSING DATE FOR IPO | 3 May, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 60 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 15 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 15 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 8 May, 2024 |
| IPO OPENING DATE | 30 April, 2024 |
| CLOSING DATE FOR IPO | 3 May, 2024 |
| IPO ALLOTMENT DATE | 6 May, 2024 |
| REFUNDS | 7 May, 2024 |
| DEMAT A/C CREDITED ON | 7 May, 2024 |
| IPO LISTING DATE | 8 May, 2024 |
Sai Swami Metals & Alloys Limited IPO begins for subscription from 30 April, 2024. The IPO subscription would continue till 3 May, 2024. The allotment status for the shareholders who applied would come on 6 May, 2024. The refunds for the ones who did not get allotment would be initiated on 7 May, 2024. The DEMAT accounts of shareholders would be credited on 7 May, 2024. The listing of the company would be completed on 8 May, 2024.
The lead managers are :
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 120000 Rs. |
| Maximum | 4000 shares | 240000 Rs. |
| Particularly (in Lakh Rs.) | March 2023 | December 2023 | |
| Asset | 2583 | 2617 | |
| Revenue | 626 | 3333 | |
| PAT | 3.8 | 179 |
Sai Swami Metals & Alloys Limited had an asset base of 2583 Lakh Rs in March 2023 which jumped to 2617 Lakh Rs in December 2023. The revenue of the company also increased to 3333 Lakh Rs in December 2023. The revenue of the firm was at 626 Lakh Rs in 2023 March. The profit of the company increased by more than 47 times to 179 lakh Rs in December 2023. This was just 3.8 Lakh Rs in March 2023. The financials of December 2023 suggest that the company has caught up speed and is growing rapidly.
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
Effwa Infra & Research Limited IPO is set to launch on 5 July, 2024. The…
Ambey Laboratories Limited IPO is set to launch on 4 July, 2024. The company initiated…
Bansal Wire Industries Limited IPO is set to launch on 3 July, 2024. The company…
Emcure Pharmaceuticals Limited IPO is set to launch on 3 July, 2024. The company initiated…
Nephro Care India Limited IPO is set to launch on 28 June, 2024. The company…
Diensten Tech Limited IPO is set to launch on 26 June, 2024. The company initiated…
This website uses cookies.