Sai Swami Metals and Alloys Ltd
Price Range
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Sai Swami Metals and Alloys Ltd IPO Timeline
The Company was originally incorporated as Private Limited, under the Companies Act, 2013 ('Companies Act') in the name and style of 'Sai Swami Metals and Alloys Private Limited' on September 23rd, 2022 under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat with object to acquire and takeover the running business of sole proprietorship as going concern carried by the promoter in the name and style as Steel Kraft Industries'. Later on,the company was converted into public limited company, the name of the Company was changed to 'Sai Swami Metals and Alloys Limited' and for the same fresh Certificate of Incorporation dated August 10th, 2023, issued by the Registrar of Companies, Ahmedabad, Gujarat.
| Event | Date |
|---|---|
| Sai Swami Metals and Alloys Ltd IPO Opening Date | 30 April 2024 |
| Sai Swami Metals and Alloys Ltd IPO Closing Date | 3 May 2024 |
| Basis of Allotment | 6 May 2024 |
| Initiation of Refunds | 7 May 2024 |
| Credit of Shares to Demat | 7 May 2024 |
| Sai Swami Metals and Alloys Ltd IPO Listing Date | 8 May 2024 |
Sai Swami Metals and Alloys Ltd IPO Details
| Sai Swami Metals and Alloys Ltd IPO Date | - |
| Sai Swami Metals and Alloys Ltd IPO Face Value | - |
| Sai Swami Metals and Alloys Ltd IPO Price | - |
| Sai Swami Metals and Alloys Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Nipun Anantlal Bhagat |
Sai Swami Metals and Alloys Ltd IPO Lot Size
The Sai Swami Metals and Alloys Ltd IPO lot size is Invalid Number shares. A retail-individual investor can apply for up to NaN lots (NaN shares or ₹NaN).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | - | - |
| Maximum | - | - | - |
- Strengths
- Risks
- Opportunities
- Experienced Promoter and Management Team.
- Consistent focus on quality Products.
- Diversified Range of kitchenware product.
- Established sales and distribution network.
Company Financials
Sai Swami Metals and Alloys Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 10.41 | 16.32 | 1.05 |
| 03-2023 | 8.41 | - | - |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet incremetal working capital requirements
- To unvest subsidiary company
- To purchase of machinery
- General corporate purposes
Sai Swami Metals and Alloys Ltd IPO Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 62.15% |
Sai Swami Metals and Alloys Ltd IPO Subscription Status (Bidding Detail)
The Sai Swami Metals and Alloys Ltd IPO is subscribed 515.9368 times on NaN Invalid undefined 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 515.9368 |
Sai Swami Metals and Alloys Ltd IPO Prospectus
Sai Swami Metals and Alloys Ltd IPO Listing Date
| BSE Script | 544170 |
| NSE Symbol | - |
| Listing In | - |
| ISIN | INE0QXT01018 |
| IPO Price | ₹60 |
| Face Value | ₹10 |
Company Contact Information
05 Harekrishana Industrial -Estate Bakrol Daskroi,Ahmedabad-382430
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: www.saiswamimetals.com
Sai Swami Metals and Alloys Ltd IPO Registrar
Sai Swami Metals and Alloys Ltd IPO Lead Manager(s)
- Swastika Investmart Ltd
FAQ
What is the issue size of Sai Swami Metals and Alloys Ltd IPO?
I have pre-applied for Sai Swami Metals and Alloys Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.