Sai Swami Metals & Alloy Limited’s IPO consists of a fresh issue of 25,00,000 lakh shares worth INR 15 crores. The company aims to meet working capital needs, invest in subsidiaries, purchase machinery, and address general corporate purposes.
Sai Swami Metals & Alloys Ltd IPO – Important Dates
| Sai Swami Metals & Alloys IPO Date | April 30, 2024 to May 3, 2024 |
| Sai Swami Metals & Alloys IPO Listing Date | May 8, 2024 |
| Sai Swami Metals & Alloys IPO Price | INR 60 per share |
| Sai Swami Metals & Alloys IPO Lot Size | 2000 shares |
| Sai Swami Metals & Alloys IPO Total Issue Size | INR 15 crores |
| Sai Swami Metals & Alloys IPO Basis of Allotment | May 6, 2024 |
| Sai Swami Metals & Alloys IPO Initiation of Refunds | May 7, 2024 |
| Sai Swami Metals & Alloys IPO Credit of Shares to Demat | May 7, 2024 |
| Sai Swami Metals & Alloys IPO Issue Type | Fixed Price Issue IPO |
| Sai Swami Metals & Alloys IPO Listing At | BSE SME |
Sai Swami Metals & Alloys IPO – Company Profile
Sai Swami Metals & Alloys specializes in trading and marketing a comprehensive range of stainless steel products, from kitchenware to raw materials. It caters to diverse customer needs with a commitment to quality and innovation.
Specializing in stainless steel kitchenware under the “DOLPHIN” brand, their company and subsidiaries streamline production through Dhruvish Metals LLP, ensuring quality and efficiency from manufacturing to distribution and bolstering market presence.
Backed by over thirty years of trade expertise in ferrous and nonferrous metals, their company specializes in marketing stainless steel products. It is led by a seasoned team dedicated to elevating the brand’s success.
Sai Swami Metals & Alloys Limited IPO Review
Sai Swami Metals & Alloys financial analysis reveals a mixed performance. Revenue surges significantly, surpassing previous levels, while equity steadily grows, reflecting expansion and profitability improvement, boosting investor confidence in the company’s performance.
- Revenue Trend: The revenue was ₹626.76 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 3,333.86 lakhs, crossing last year’s benchmark.
- Equity and Liabilities: Equity has consistently increased over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹3.83 lakhs in March 2023 to ₹179.52 lakhs by December 2023. This improvement in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS has lowered from ₹38.28 in March 2023 to ₹5.29 by December 2023, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has increased from 10.84 % to 27.02%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Sai Swami Metals & Alloys IPO Fundamental Analysis
| Particular | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 626.76 | 3,333.86 |
| Equity (₹ in lakhs) | 35.32 | 664.47 |
| Expenses (₹ in lakhs) | 624.23 | 3,091.47 |
| Profit and Loss After Tax (₹ in lakhs) | 3.83 | 179.52 |
| Diluted EPS (₹) | 38.28 | 5.29 |
| Return on Net Worth (%) | 10.84 | 27.02 |
| NAV per Equity Share (₹) | 353.20 | 19.57 |
| Total Assets (in lakhs) | 2,583.16 | 2,617.31 |
| Total Liabilities (in lakhs) | 2,547.84 | 1,952.84 |
Sai Swami Metals & Alloys Limited IPO Peer Comparison
Sai Swami Metals & Alloys Limited demonstrates steady growth and profitability, while TTK Prestige boasts substantial revenue and impressive profitability ratios, reflecting strong market presence and operational efficiency.
| Company | Type of Financial | CMP (₹ in lakhs) | Face Value (₹) | P/E | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Sai Swami Metals and Alloys Limited | Consolidated | 60 | 10 | 11.34 | 5.29 | 27.02 | 19.57 |
| TTK Prestige | Consolidated | 741.30 | 1 | 60.51 | 12.25 | 8.24 | 152.25 |
Sai Swami Metals & Alloys IPO Objective
The main objective of Sai Swami Metals & Alloys Limited is to manage incremental working capital needs, invest in subsidiary companies, and acquire essential machinery, fostering growth, efficiency, and competitiveness in their operations.
- Meet Incremental Working Capital Requirements: The company intends to utilize INR 600.00 Lakhs from the net proceeds of the issue to bolster its operations in kitchenware and raw material trading, effectively meeting increasing market demands.
- Invest in Subsidiary Company: The company aims to expand its portfolio by acquiring subsidiary equity shares through strategic investments.
- Purchase of Machineries: The company aims to utilize INR 200.00 Lakhs to acquire plant and machinery for a proposed manufacturing unit, having identified the specific equipment needed and obtained quotations from multiple vendors.
- General Corporate Purpose: The company will deploy the balance funds of INR 200 lakhs for general corporate purposes, including strategic initiatives, brand building, marketing, and ongoing corporate difficulties, in line with board-approved policies and regulatory compliance.
Sai Swami Metals & Alloys Limited IPO Risks And Challenges
Sai Swami Metals & Alloys Limited risks include reliance on S.S. Scraps for revenue, relocation risks with monthly rental agreements, and trademark registration challenges that could potentially impact brand equity and intellectual property rights.
- The company’s registered office is in Ahmedabad, Gujarat, and it has monthly rental agreements. Relocation risks include potential disruptions and increased costs, which could adversely impact business operations, prospects, and financial conditions.
- Their company’s heavy reliance on S.S. Scraps, representing a significant portion of revenue, poses risks such as market fluctuations and increased competition. Diversifying into steel and related products aims to mitigate this dependency.
- The registration of their trademark is vital for preserving brand equity. Rejection or successful oppositions may jeopardize statutory protection under the Trade Marks Act of 1999, impacting intellectual property rights and brand value.
Sai Swami Metals & Alloys Limited IPO – Industry & Market Potential
Stainless steel utensils dominate India’s cookware market, which is projected to grow at a CAGR of 6.0% and 6.1% for cookware and serveware, respectively. This market is driven by urbanization, rising incomes, and hospitality sector expansion.
The Indian domestic appliance industry, including pressure cookers, is thriving. The market was worth ₹5,681 billion in 2022 and is poised to grow at 5.7% CAGR until 2027. Significant players like Hawkins, Prestige, and Pigeon drive growth amid rising urbanization and hospitality demands.
The Global Stainless-Steel Expo 2023 (GSSE 2023) in Mumbai aims to bolster India’s stainless-steel industry, targeting a rise in demand from 4 to 20 million tonnes by 2047. It underscores the nation’s commitment to economic growth, sustainability, and global leadership.
Sai Swami Metals & Alloys Limited IPO – Type of Offer
Sai Swami Metals & Alloy Limited’s IPO consists of a fresh issue of 25,00,000 lakh shares worth INR 15 crores. The company aims to meet working capital needs, invest in subsidiaries, purchase machinery, and address general corporate purposes.
Sai Swami Metals & Alloys IPO Offer Size
The offer size of Sai Swami Metals & Alloys Limited is INR 15 crores, consisting of a fresh issue of 25,00,000 lakh shares. The company seeks funds to meet working capital needs, invest in subsidiaries, purchase machinery, and address general corporate purposes.
Sai Swami Metals & Alloys Limited IPO Allotment Structure
Sai Swami Metals & Alloys Limited IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 128,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 128,000 shares for this purpose.
How to apply for the Sai Swami Metals & Alloys IPO?
To apply for the Sai Swami Metals & Alloys IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sai Swami Metals & Alloys IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sai Swami Metals & Alloys IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Sai Swami Metals & Alloys Ltd IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Sai Swami Metals & Alloys IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Sai Swami Metals & Alloys IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Sai Swami Metals & Alloys IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Sai Swami Metals & Alloys IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Enterprise (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Sai Swami Metals & Alloys Ltd IPO Offer Registrar
The registrar for the Sai Swami Metals & Alloys Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri – East,
Mumbai – 400093, Maharashtra, India
Tel. Number: +91 22 6263 8200
Email Id: [email protected];
Website: www.bigshareonline.com
Sai Swami Metals & Alloys Limited IPO – FAQs
The allotment date of the Sai Swami Metals & Alloys Limited IPO is May 6, 2024.
The price band of the issue is INR 60 per share.
The offer size of Sai Swami Metals & Alloys Limited is INR 15 crores, consisting of a fresh issue of 25,00,000 lakh shares. The company seeks funds to meet working capital needs, invest in subsidiaries, purchase machinery, and address general corporate purposes.
The listing date of Sai Swami Metals & Alloys’ IPO is May 8, 2024.
