SAI SWAMI METALS AND ALLOYS (BSE SME)
April 30, 2024 – May 3, 2024
| Price | ₹60 - ₹60 |
| Premium | ₹50 |
|---|---|
| Lot size | 2000 |
| Allotment | May 6, 2024 |
| Listing | May 8, 2024 |
Live Rate
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| P/E Ratio |
Subscription
Last updated on 03 May 2024 | 05:55:03 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 1186000 | 662440000 | 558.55 |
| Retail | 1186000 | 627402000 | 529.01 |
| Total | 2372000 | 1289842000 | 543.78 |
| Total Application : 429,046 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹44.99 | @8% ₹51.42 | @9% ₹57.84 | @10% ₹64.27 | @11% ₹70.7 | @12% ₹77.13 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 120000 | 593 |
| HNI | 2 | 4000 | 240000 | 593 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 1186000 |
| Other | 47.4% | 1186000 |
| Market Maker | 5.12% | 128000 |
| Total No. of Shares | 100.0% | 2500000 |
Sai Swami Metals and Alloys Pvt. Ltd., established in September 2022, specializes in trading stainless steel products, particularly 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, renowned for its quality, is managed by the company along with its subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP. As of December 31st, 2023, the company boasts a distribution network comprising 6 Distributors and over 150 sub-dealers/stockiest/retailers and strategic alliances in Gujarat, Madhya Pradesh, Maharashtra, and other regions. By March 31st, 2024, the company's workforce totaled seven employees.
IPO Details
| Issue Size | Upto 25,00,000 Equity Shares aggregating up to 15.00 CR |
| Fresh Issue | Upto 25,00,000 Equity Shares aggregating up to 15.00 CR |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share holding pre issue | 41,17,710 Equity Shares |
| Share holding post issue | 66,17,710 Equity Shares |
| Market Maker portion | 1,28,000 Shares Sunflower Broking |
Key Performance Indicators
| KPI | Dec-23 | Mar-23 |
|---|---|---|
| RONW | 27.02% | 10.84% |
| EPS (Diluted) | 5.29 | 38.28 |
| P/E Pre IPO | 11.34 |
Financial Information (Restated Consolidated)
| Period Ended | 31-Dec-23 | 31-Mar-23 |
|---|---|---|
| Assets | 2,617.31 | 2,583.16 |
| Revenue | 3,333.86 | 626.76 |
| Profit After Tax | 179.52 | 3.83 |
| Net Worth | 664.47 | 35.32 |
| Reserves and Surplus | 252.7 | 34.32 |
| Total Borrowing | 743.16 | 610.23 |
| Amount in Lakhs | ||
Strength Factors
Skilled Leadership: Sai Swami Metals and Alloys Pvt. Ltd. benefits from an experienced promoter and management team, ensuring strategic decision-making and effective execution of business plans.
Commitment to Quality: The company maintains a steadfast dedication to delivering high-quality products consistently, thereby building trust and loyalty among its customer base.
Diverse Product Range: With a diversified range of kitchenware products, including Dinner Sets, S.S. Casseroles, and S.S. Water Bottles, the company possesses the flexibility to cater to various consumer preferences and market demands.
Risk Factors
Dependency on Lease Agreements: The Company’s reliance on leased property for operations poses a risk, as any termination or failure to renew lease agreements could disrupt business operations, impacting the company adversely.
Potential Conflict of Interest within Group Companies: With its group companies engaged in similar sectors, conflicts of interest may arise, potentially leading to competitive pressures, resource allocation issues, or conflicting strategic priorities, which could negatively affect the company's business, prospects, and financial performance.
High Volume Low Margin Business Model: Operating in a high volume, low margin business environment presents inherent risks, such as increased sensitivity to fluctuations in costs, pricing pressures, and challenges in maintaining profitability. Any adverse shifts in market dynamics or cost structures could impact the company's financial health and performance.
Strength
Weakness
Lead Manager(s)
Address
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/