Issue Price
₹60
Per Share
GMP
NIL
Grey Market
Est. Listing
₹60
Expected Price
Min. Application
₹240,000
2 lots × 2000 shares
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.
Sai Swami Metals & Alloys Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 128,000 | — | ₹0.77 Cr | — |
| TOTAL | 2,500,000 | 100.00% | ₹15.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹120,000 |
| Retail (Max) | 13 | 26,000 | ₹1,560,000 |
| sNII (Min) | 14 | 28,000 | ₹1,680,000 |
| bNII (Min) | 68 | 136,000 | ₹8,160,000 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | 3333.86 | 626.76 | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 179.52 | 3.83 | N/A |
| Net Worth | 664.47 | 35.32 | N/A |
| Total Assets | 2617.31 | 2583.16 | N/A |
| Reserves & Surplus | 252.70 | 34.32 | N/A |
| Total Borrowings | 743.16 | 610.23 | N/A |