Listed Price₹114.00
Listing Gain+90.00%
Price Band₹60
Lot Size2,000 shares
Min Bid₹1,20,000
Subscription543.78x
Listed Market Snapshot
₹114.00Listed price from market data
+90.00%listing gain
Issue Amount
₹15 Cr
Listed Price
₹114.00
Current Price
₹114.00
Registrar
Bigshare Services Private Limited
Timeline•Fixed Price Issue IPO
Open30 Apr 2024
Close03 May 2024
Allotment06 May 2024
Listing08 May 2024
Quota Reservation Portions
RetailPortion: 11,86,000 shares
47.4%OtherPortion: 11,86,000 shares
47.4%Market MakerPortion: 1,28,000 shares
5.12%Minimum Application Bracket Matrix
Retail1 lots / 2,000 shares
₹1,20,000HNI2 lots / 4,000 shares
₹2,40,000About the Company
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.
Company Promoters
Mr. Nipun Anantlal Bhaga
Lead Managers
Registrar
Bigshare Services Private Limited