Sai Swami Metals & Alloys IPO Allotment Status
Sai Swami Metals & Alloys IPO allotment is scheduled for May 6, available from April 30 to May 3, 2024, prices at ₹60, each with a ₹10 face value. Investors can bid in lots of 2000 shares.
Sai Swami Metals & Alloys IPO Allotment Status Check
To ascertain their allocation status for the Sai Swami Metals & Alloys IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Bigshare Services’s website.
IPO Allotment Status BSE
Here are steps to checkSai Swami Metals & Alloys IPO allotment status on BSE website
Step 1: Visit BSE website
Step 2: Select ‘Equity’ under the Issue Type
Step 3: Choose Sai Swami Metals & Alloys from the drop-down menu
Step 4: Enter Application No or PAN
Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”
Steps to check Sai Swami Metals & Alloys IPO allotment status on Bigshare Services’s website
Step 1: Visit IPO registrar website – Bigshare Services
Step 2: Select ‘Sai Swami Metals & Alloys’ from the Select Company dropdown menu
Step 3: Choose from PAN, Application No, DP/Client ID or Account No/IFSC
Step 4: Enter the details as per the option selected
Step 5: Hit the Submit button
Your Sai Swami Metals & Alloys IPO allotment status will be reflected on the screen.
Sai Swami Metals & Alloys IPO GMP Today
The Sai Swami Metals & Alloys IPO GMP (Grey Market Premium) is ₹50 as of 3rd May.
Sai Swami Metals & Alloys IPO Subscription Status
On its first day, the Sai Swami Metals & Alloys IPO was oversubscribed by 16.76 times, with the retail segment leading at 24.45 times and the NII segment at 9.07 times, receiving bids for 3,97,64,000 shares against the 23,72,000 offered.
Sai Swami Metals & Alloys IPO Details
The Sai Swami Metals & Alloys IPO aims to raise approximately ₹15 crore through a fresh issue of 25,00,000 shares with a ₹10 face value. Proceeds will fund machinery purchases, subsidiary investments, and working capital. Bigshare Services handles registration, with Swastika Investmart managing the books. Allotment is set for May 6, with a BSE SME listing expected by May 8.