Sai Swami Metals & Alloys IPO opens tomorrow: From price band to key dates - all you need to know

As per Red Herring Prospectus (RHP), the concern actively engages successful the commercialized and selling of a wide scope of stainless alloy goods to conscionable the assorted demands of the discriminating clientele. Dinner sets, stainless alloy sheets, stainless alloy circles, stainless alloy casseroles, stainless alloy multikadais, and antithetic kinds of utensils are among the galore kitchenware items that are portion of the company's merchandise line. The steadfast besides deals successful the trading of cardinal earthy materials for antithetic clients, specified arsenic mild alloy circular (M.S. Round), stainless alloy sheet, coil, scrap, pipe, and truthful on.

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In the stainless-steel cookware industry, Sai Swami Metals and Alloys Limited maintains a divers beingness done its subsidiaries, Dhruvish Metal Industries LLP and Bhagat Marketing Private Limited. The steadfast further enhances its representation arsenic a reliable sanction successful the marketplace by ensuring the wide availability of its products done a strategical web of distributors, dealers, and retailers passim India.

As per RHP, the company's listed adjacent is TTK Prestige (with a P/E of 60.51). 

The company's gross for FY23 was ₹626.76 lakhs, with EBITDA coming successful astatine ₹4.29 lakhs and PAT coming successful astatine ₹3.83 lakhs. The steadfast generated gross of ₹3.333.86 lakhs, EBITDA of ₹281.01 lakhs, and PAT of ₹179.52 lakhs up till December '23.

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Sai Swami Metals & Alloys IPO details 

Sai Swami Metals & Alloys IPO, which is worthy astir ₹15 crore, consists of a caller contented of 25,00,000 equity shares with a look worth of ₹10. There is nary offer-for-sale component.

The proceeds from the caller issuance volition beryllium utilized for the pursuing purposes: wide firm purposes, investing successful subsidiary companies, purchasing machinery, and gathering further moving superior requirements.

The registrar of the Sai Swami Metals & Alloys IPO is Bigshare Services Pvt Ltd, and the publication moving pb manager is Swastika Investmart Ltd. For the Sai Swami Metals & Alloys IPO, Sunflower Broking is the marketplace maker.

It is tentative that connected Monday, May 6, the Sai Swami Metals & Alloys IPO ground for stock allocation volition beryllium finalised. On Tuesday, May 7, the institution volition statesman refunds, and the shares volition beryllium credited to the allottees' demat relationship the aforesaid time aft the refund. On Wednesday, May 8, Sai Swami Metals & Alloys stock terms is apt to beryllium listed on BSE SME.

The IPO's motorboat represents a large turning constituent for Sai Swami Metals and Alloys Limited, according to Nipun Anantlal Bhagat, the company's managing manager and chairperson. For them, arsenic they make and innovate wrong the stainless-steel sector, this IPO marks a turning point. The steadfast is known for producing top-notch cookware made of stainless alloy nether the prestigious "DOLPHIN" brand.

This thoughtful organisation of superior volition enactment further improvement and expansion, fortify their presumption successful the market, and amended their operational efficiency. Through the acquisition of cutting-edge cogwheel and investments successful subsidiary businesses, the institution hopes to grow its merchandise scope and amended its manufacturing skills, yet serving a wider clientele. They are anxious to further solidify their presumption successful the marketplace and are thrilled astir the imaginable this IPO presents.

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Sai Swami Metals & Alloys IPO GMP today 

Sai Swami Metals & Alloys IPO GMP oregon grey marketplace premium is +24. This indicates Sai Swami Metals & Alloys stock terms were trading astatine a premium of ₹24 successful the grey market, according to investorgain.com.

It is anticipated that Sai Swami Metals & Alloys shares would database astatine a terms of ₹84 per share, which is 40% higher than the IPO terms of ₹60, aft accounting for the precocious extremity of the IPO pricing scope and the existent premium connected the grey market.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

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Published: 29 Apr 2024, 05:06 PM IST