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Open
30 Apr to 3 May, 2024
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Close
30 Apr to 3 May, 2024
3
Allotment
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Listing
Wed, May 8, 2024
Price Band
₹60 per share
Issue Size
25,00,000 shares (agg. up to ₹15 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, May 8, 2024
Latest GMP
₹50
Est. Gain
83.33%
✦ AI Insight
GMP Trend
08-05-2024₹50Est. ₹110+83.33%
07-05-2024₹50Est. ₹110+83.33%
06-05-2024₹50Est. ₹110+83.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 541.15x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 26.17 | 25.83 |
| Total Income | 33.34 | 6.27 |
| Profit After Tax | 1.80 | 0.04 |
| NET Worth | 6.64 | 0.35 |
| Reserves and Surplus | 2.53 | 0.34 |
| Total Borrowing | 7.43 | 6.10 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aspire & Innovative Advertising Ltd. | SME | ₹21.97 Cr | ₹54 | 11.3 | ₹59.30 | +9.81% | ₹12.90 (-4.44%) |
| Greenchef Appliances Ltd. | SME | ₹53.62 Cr | ₹87 | 14.87 | ₹109.20 | +25.52% | ₹47.10 (+0.96%) |
| EPACK Durable Ltd. | Mainboard | ₹640.05 Cr | ₹230 | 56.4 | ₹207.60 | -9.74% | ₹245.13 (-0.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirements | 6.00 |
| 2 | To Invest in Subsidiary Company. | 4.00 |
| 3 | To Purchase of Machineries | 2.00 |
| 4 | General Corporate Purpose | 2.00 |
About Sai Swami Metals IPO
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.+ Read More
Contact Details
Sai Swami Metals & Alloys Ltd. Address05, Harekrishana IndustrialEstate BakrolDascroiAhmedabad, Gujarat, 382430+91 99099 70863cs@saiswamimetals.comVisit Website