Sai Swami Metals & Alloys Limited IPO GMP Today, Price Range and Company Details

Sai Swami Metals & Alloys IPO, set for April 30-May 3, 2024, features a ₹60 share price with a ₹20 Grey Market Premium. Offering includes 2000 share lots.
Sai Swami Metals & Alloys Limited IPO GMP Today, Price Range and Company Details

As of April 29, 2024, Sai Swami Metals & Alloys IPO has ₹20 as Grey Market Premium, with a price of ₹60 per share. Offering lots of 2000 shares, the subscription window is open from April 30, 2024 to May 3, 2024.

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Sai Swami Metals & Alloys Limited GMP Today

The Grey Market Premium (GMP) for Sai Swami Metals & Alloys Limited is ₹20 as of April 29, 2024. This assessment coincides with a price band of ₹60 per share for the IPO.

Sai Swami Metals & Alloys Limited IPO Review

Sai Swami Metals & Alloys has seen a robust increase in revenue, jumping from ₹626.76 lakhs in March 2023 to ₹3,333.86 lakhs by December 2023, indicating significant growth. Equity growth and substantial profit after tax gains from ₹3.83 lakhs to ₹179.52 lakhs reflect heightened profitability and investor appeal.

Despite a drop in diluted EPS from ₹38.28 to ₹5.29, the company’s Return on Net Worth improved dramatically from 10.84% to 27.02%, showcasing enhanced efficiency in generating shareholder returns. An increase in total assets and current ratio indicates potential business expansion alongside liquidity challenges.

Sai Swami Metals & Alloys Limited IPO Date

Sai Swami Metals & Alloys Limited will start accepting subscriptions from April 30, 2024, to May 3, 2024

Sai Swami Metals & Alloys Limited IPO Price

Sai Swami Metals & Alloys Limited price range is ₹60 per share with a face value of ₹10 each.

Sai Swami Metals & Alloys Limited

Sai Swami Metals & Alloys excels in the trade and marketing of stainless steel products, ranging from kitchenware to industrial materials under the “DOLPHIN” brand. Leveraging over three decades of experience in ferrous and nonferrous metals, the company ensures top-notch quality across its operations, managed by Dhruvish Metals LLP, and guided by a skilled leadership team.

How To Apply For Sai Swami Metals & Alloys Ltd IPO?

To apply for the Sai Swami Metals & Alloys through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Sai Swami Metals & Alloys on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Sai Swami Metals & Alloys IPO at Alice Blue in just a few clicks!

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