Sai Swami Metals and Alloys Ltd

Sai Swami Metals and Alloys Limited is actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of its discerning customers. Its product line is specifically designed to encompass a wide range of kitchenware, including Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various types of utensils. These products showcase the Company's commitment to providing high quality stainless steel kitchenware that spans a wide spectrum of categories. With a focus on innovation and quality, its offerings are crafted to meet the unique preferences and requirements of its diverse customer base.

Open Demat Account

50years

Sai Swami Metals and Alloys Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
25 LTBA11.86 L41.13 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
30 Apr, 2403 May, 242000 TBA Fixed Price - SME08 May, 24

Sai Swami Metals and Alloys Ltd IPO Details

Sai Swami Metals and Alloys Ltd IPO Dates

  • 30 Apr 2024

    Opening date

  • 03 May 2024

    Closing date

  • 06 May 2024

    Basis of
    Allotment

  • 07 May 2024

    Initiation of
    Refunds

  • 07 May 2024

    Credit of
    Shares

  • 08 May 2024

    Listing date

Details

SectorType
SectorDomestic Appliances
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Sai Swami Metals and Alloys Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations0.00TBATBA
EBITDA0.00TBATBA
PAT0.00TBATBA
Total Assets8.20TBATBA
Share Capital0.01TBATBA
Total Borrowings1.51TBATBA
Operating Activities (Net Cash)0.00TBATBA
Investing Activities (Net Cash)0.10TBATBA
Financing Activities (Net Cash)1.51TBATBA
Net Cashflow0.05TBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Sai Swami Metals and Alloys Ltd

Sai Swami Metals and Alloys Limited was incorporated as Sai Swami Metals and Alloys Private Limited on September 23rd, 2022 under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat, with an object is to acquire and takeover the running business of sole proprietorship concern carried by the promoter in the name and style as `Steel Kraft Industries'. Later on, company was converted into public limited company, the name of the Company was changed to Sai Swami Metals and Alloys Limited and fresh Certificate of Incorporation dated August 10th, 2023 was issued by the Registrar of Companies, Ahmedabad, Gujarat.

Stainless steel, which has now become a very common material from which utensils are made. Stainless steel is made up of an alloy of chromium and nickel, which not just makes it stainless but also prevents any reaction with acids or alkalis and thus does not lead to any change in the color, smell, or taste of the food being cooked or stored in the utensil. This is the primary reason why stainless steel equipment has become very common these days. The use of stainless steel in utensils itself extends to various equipment including tableware like hot pots, bowls, plates, pans and saucepans, and many more; and many cookware like frying pans, baking pan, pressure-cooker, and many other tri-ply cookware.

Peer Comparison:

  • Sai Swami Metals and Alloys Ltd
  • TTK Prestige Ltd

Sai Swami Metals and Alloys Ltd IPO Key Points

Strengths

  • Experienced Promoter and Management Team.
  • Consistent focus on quality Products.
  • Diversified Range of kitchenware product.
  • Established sales and distribution network.

Risk

  • The property used by the Company for the operation purpose is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or its failure to renew the same could adversely affect the company's operations.
  • Majority of its Current revenue is dependent on one product i.e., S.S. Scraps inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.
  • The Company is using logo of its Subsidiary Company and also has made application for registration of trademark, which is under process of registration. The company is unable to assure that the future viability or value of any of its intellectual property or that the steps taken by it to protect the proprietary rights of the Company will be adequate.

Strategy

  • Increase its geographical reach and expansion of addressable market.
  • Invest in new manufacturing plant and increase backward integration in the plant.
  • Scale up branding, promotional and digital activity.
  • Continue to strengthen its existing product portfolio and to add more products.

Sai Swami Metals and Alloys Ltd IPO Key Points

  • Experienced Promoter and Management Team.
  • Consistent focus on quality Products.
  • Diversified Range of kitchenware product.
  • Established sales and distribution network.
  • The property used by the Company for the operation purpose is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or its failure to renew the same could adversely affect the company's operations.
  • Majority of its Current revenue is dependent on one product i.e., S.S. Scraps inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.
  • The Company is using logo of its Subsidiary Company and also has made application for registration of trademark, which is under process of registration. The company is unable to assure that the future viability or value of any of its intellectual property or that the steps taken by it to protect the proprietary rights of the Company will be adequate.
  • Increase its geographical reach and expansion of addressable market.
  • Invest in new manufacturing plant and increase backward integration in the plant.
  • Scale up branding, promotional and digital activity.
  • Continue to strengthen its existing product portfolio and to add more products.

How To Apply for Sai Swami Metals and Alloys Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Sai Swami Metals and Alloys Ltd's IPO offers shares for up to ₹ 0 L It begins on Apr 30, 2024 and ends on May 3, 2024.

The price of Sai Swami Metals and Alloys Ltd IPO ranges between ₹0 to ₹0 per share.

The Sai Swami Metals and Alloys Ltd IPO opens on Apr 30, 2024 and closes on May 3, 2024.

The allotment for the Sai Swami Metals and Alloys Ltd IPO will be finalised on May 6, 2024. The shares will be listed on BSE and NSE on May 8, 2024.

The minimum lot size for Sai Swami Metals and Alloys Ltd IPO is 2000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Sai Swami Metals and Alloys Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Sai Swami Metals and Alloys Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Sai Swami Metals and Alloys Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Apr 30, 2024, and closes on May 3, 2024. The allotment is finalised on May 6, 2024.

To apply for the Sai Swami Metals and Alloys Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.