Sai Swami Metals & Alloys Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 30-04-2024 | 03-05-2024 | 10 | 60 | 2000 Shares | BSE SME | 2,500,000 shares (aggregating up to ₹15.00 Cr) | 2024-05-06 00:00:00 | 2024-04-07 00:00:00 | 2024-05-07 00:00:00 | 08-05-2024 |
About The Company
Sai Swami Metals & Alloys IPO is a fixed price issue of Rs 15.00 crores. The issue is entirely a fresh issue of 25 lakh shares.
Sai Swami Metals & Alloys IPO opens for subscription on April 30, 2024 and closes on May 3, 2024. The allotment for the Sai Swami Metals & Alloys IPO is expected to be finalized on Monday, May 6, 2024. Sai Swami Metals & Alloys IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 8, 2024.
Sai Swami Metals & Alloys IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.
Swastika Investmart Ltd is the book running lead manager of the Sai Swami Metals & Alloys IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sai Swami Metals & Alloys IPO is Sunflower Broking.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-12-2023 | 2617 | 3334 | 180 | 664.47 | 252.7 | 743.16 |
| 31-03-2023 | 2583 | 627 | 4 | 35.32 | 34.32 | 610.23 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Non-Institutional BuyerS | 533.83 |
| Retail Investors | 529.01 |
| Total | 543.72 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | 120000 |
| Retail (Max) | 1 | 2000 | 120000 |
| HNI (Min) | 2 | 4000 | 240000 |
IPO Listing Details
| Listing Date | 08-05-2024 |
| BSE Script Code | 544170 |
| NSE Symbol | N/A |
| ISIN | INE0QXT01018 |
| Final Issue Price | 60 |
Promoter holdings
Mr. Nipun Anantlal Bhaga.
Contact Information of the Company
Sai Swami Metals & Alloys Limited
05, Harekrishana Industrial
Estate Bakrol,
Ahmedabad, Daskroi-382430
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: https://www.saiswamimetals.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager
Swastika Investmart Ltd (Past IPO Performance)