Sai Swami Metals and Alloys IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Apr 30 to May 03 2024
Price Band
₹60
Current GMP
₹114(90%)
Subscription
543.72 times
IPO Details
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 2,500,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,117,710 |
| Share holding post issue | 6,617,710 |
| Market Maker portion | 128,000 shares Sunflower Broking |
IPO Date
April 30, 2024 to May 3, 2024
Listing Date
Wednesday, May 8, 2024
Face Value
₹10 per share
Price
₹60 per share
Lot Size
2000 Shares
Total Issue Size
2,500,000 shares (aggregating up to ₹15.00 Cr)
Fresh Issue
2,500,000 shares (aggregating up to ₹15.00 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share holding pre issue
4,117,710
Share holding post issue
6,617,710
Market Maker portion
128,000 shares Sunflower Broking
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 533.83 |
| Retail Investors | 529.01 |
| Total ** | 543.72 |
Market Maker
1
Non-Institutional Buyers***
533.83
Retail Investors
529.01
Total **
543.72
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Apr 30, 2024 | 13.98 | 31.79 | 22.90 |
| Day 2 May 2, 2024 | 66.77 | 174.66 | 120.92 |
| Day 3 May 3, 2024 | 533.83 | 529.01 | 543.72 |
DayDay 1
Apr 30, 2024
NII*13.98
Retail31.79
Total22.90
DayDay 2
May 2, 2024
NII*66.77
Retail174.66
Total120.92
DayDay 3
May 3, 2024
NII*533.83
Retail529.01
Total543.72
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-05-2024 | 60.00 | 50(83.33%) | 110 |
| 07-05-2024 | 60.00 | 50(83.33%) | 110 |
| 06-05-2024 | 60.00 | 50(83.33%) | 110 |
| 05-05-2024 | 60.00 | 53(88.33%) | 113 |
| 04-05-2024 | 60.00 | 53(88.33%) | 113 |
| 03-05-2024 | 60.00 | 53(88.33%) | 113 |
| 02-05-2024 | 60.00 | 50(83.33%) | 110 |
| 01-05-2024 | 60.00 | 47(78.33%) | 107 |
| 30-04-2024 | 60.00 | 45(75.0%) | 105 |
| 29-04-2024 | 60.00 | 24(40.0%) | 84 |
| 28-04-2024 | 60.00 | 20(33.33%) | 80 |
| 27-04-2024 | 60.00 | 14(23.33%) | 74 |
| 26-04-2024 | 60.00 | 0(0.0%) | 60 |
Date08-05-2024
Price60.00
GMP50(83.33%)
Estimate List Price110
Date07-05-2024
Price60.00
GMP50(83.33%)
Estimate List Price110
Date06-05-2024
Price60.00
GMP50(83.33%)
Estimate List Price110
Date05-05-2024
Price60.00
GMP53(88.33%)
Estimate List Price113
Date04-05-2024
Price60.00
GMP53(88.33%)
Estimate List Price113
Date03-05-2024
Price60.00
GMP53(88.33%)
Estimate List Price113
Date02-05-2024
Price60.00
GMP50(83.33%)
Estimate List Price110
Date01-05-2024
Price60.00
GMP47(78.33%)
Estimate List Price107
Date30-04-2024
Price60.00
GMP45(75.0%)
Estimate List Price105
Date29-04-2024
Price60.00
GMP24(40.0%)
Estimate List Price84
Date28-04-2024
Price60.00
GMP20(33.33%)
Estimate List Price80
Date27-04-2024
Price60.00
GMP14(23.33%)
Estimate List Price74
Date26-04-2024
Price60.00
GMP0(0.0%)
Estimate List Price60
IPO Important Dates
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
IPO Open Date
Tuesday, April 30, 2024
IPO Close Date
Friday, May 3, 2024
Basis of Allotment
Monday, May 6, 2024
Initiation of Refunds
Tuesday, May 7, 2024
Credit of Shares to Demat
Tuesday, May 7, 2024
Listing Date
Wednesday, May 8, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 3, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹240,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 20232,617.31
31 Mar 20232,583.16
Period EndedRevenue
31 Dec 20233,333.86
31 Mar 2023626.76
Period EndedProfit After Tax
31 Dec 2023179.52
31 Mar 20233.83
Period EndedNet Worth
31 Dec 2023664.47
31 Mar 202335.32
Period EndedReserves and Surplus
31 Dec 2023252.70
31 Mar 202334.32
Period EndedTotal Borrowing
31 Dec 2023743.16
31 Mar 2023610.23
Key Performance Indicator
| RoNW | 27.02% |
| PAT Margin (%) | 5.38 |
| EPS (Rs) | 5.29 |
RoNW
27.02%
PAT Margin (%)
5.38
EPS (Rs)
5.29
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 128,000 (5.12%) |
| Other Shares Offered | 1,186,000 (47.44%) |
| Retail Shares Offered | 1,186,000 (47.44%) |
| Total Shares Offered | 2,500,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
128,000 (5.12%)
Other Shares Offered
1,186,000 (47.44%)
Retail Shares Offered
1,186,000 (47.44%)
Total Shares Offered
2,500,000 (100%)
Information about company
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.
Objectives of IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
To Meet Incremental Working Capital Requirements;
To Invest in Subsidiary Company;
To Purchase of Machineries;
General Corporate Purpose
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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