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SAISME / BSEListed
Sai Swami Metals & Alloys

Founded in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in trading stainless steel kitchenware, including dinner sets, casseroles, multi kadais, water bottles, sheets, circles, and other utensils. The company manages the Dolphin brand, known for its quality, along with its subsidiaries Bhagat Marketing Private Limited and Dhruvish Metals LLP. As of December 31, 2023, Sai Swami Metals has built a strong distribution network with 6 distributors and over 150 sub-dealers, stockists, and retailers across Gujarat, Madhya Pradesh, Maharashtra, and other regions. By March 31, 2024, the company had a team of seven employees, continuing its growth in the stainless steel market.

DRHP
₹60 - ₹60543.78x sub
Listed Price₹114.00
Listing Gain+90.00%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open30 Apr 2024
Close03 May 2024
Allotment06 May 2024
Listing08 May 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail11,86,000 shares
47.4%
Other11,86,000 shares
47.4%
Market Maker1,28,000 shares
5.12%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,20,000
HNI2 Lots (4,000 shares)
₹2,40,000

Company Promoters

Mr. Nipun Anantlal Bhaga

Company Background

Founded in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in trading stainless steel kitchenware, including dinner sets, casseroles, multi kadais, water bottles, sheets, circles, and other utensils. The company manages the Dolphin brand, known for its quality, along with its subsidiaries Bhagat Marketing Private Limited and Dhruvish Metals...

Lead Managers & Bankers

Swastika Investmart Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-23)₹3333.86 Cr
Growth+431.9%
Revenue Trend (₹ in Crores)
0.01.3k2.6k3.8kMar-23Dec-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-233,333.86179.522,617.31743.16
Mar-23626.763.832,583.16610.23

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Dec-235.290%0%11.340
Mar-2338.280%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
06 May 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
08 May 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Sai Swami Metals & Alloys. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization06 May 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 May 2024Trading commences on exchange

How to Check Sai Swami Metals & Alloys Allotment Online

1Open Portal

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2Select Company

Select Sai Swami Metals & Alloys from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Sai Swami Metals & Alloys IPO

Complete issue overview for Sai Swami Metals & Alloys (SAI) IPO. The issue features an equity share price band of ₹60 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions