Sai Swami Metals & Alloys Limited IPO
Sai Swami Metals & Alloys Limited IPO
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Sai Swami Metals & Alloys Limited's completed its IPO journey with a successful listing on BSE on 08-05-2024. The public offering mobilized 25,00,000 Shares in total capital, comprising 25,00,000 Shares in fresh equity.
The offering was conducted within the price band of ₹60 to ₹60, with minimum application lots of 2000 shares. Investor participation during the 30-04-2024 to 03-05-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 06-05-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Sai Swami IPO About Company
Founded in September 2022, Sai Swami Metals and Alloys Pvt. Ltd. specializes in trading stainless steel kitchenware, including dinner sets, casseroles, multi kadais, water bottles, sheets, circles, and other utensils. The company manages the Dolphin brand, known for its quality, along with its subsidiaries Bhagat Marketing Private Limited and Dhruvish Metals LLP. As of December 31, 2023, Sai Swami Metals has built a strong distribution network with 6 distributors and over 150 sub-dealers, stockists, and retailers across Gujarat, Madhya Pradesh, Maharashtra, and other regions. By March 31, 2024, the company had a team of seven employees, continuing its growth in the stainless steel market.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Sai Swami IPO Strength Factors
- Strong and Experienced Leadership: Sai Swami Metals and Alloys Pvt. Ltd. is guided by a knowledgeable management team with deep industry experience, enabling effective decision-making and efficient operations.
- Consistent Focus on Quality: The company prioritizes delivering reliable, high-quality products, helping build customer trust and long-term loyalty.
- Diverse Kitchenware Portfolio: Offers a wide variety of kitchenware items such as dinner sets, casseroles, and water bottles, allowing the company to cater to different customer preferences and market demands.
Sai Swami IPO Risk Factors
- Dependence on Leased Premises: Operating from leased property exposes the company to risks such as non-renewal, rent increases, or sudden termination, which could disrupt business operations.
- Potential Conflicts with Group Companies: With related entities operating in the same sector, competition or challenges in resource allocation may arise, potentially affecting growth and profitability.
- Low-Margin Business Model: The company functions in a high-volume, low-margin industry, making it sensitive to cost fluctuations and pricing pressures. Any market shift could have a significant impact on overall profitability.
Sai Swami IPO Lead Manager(s)
- Swastika Investmart Limited
Sai Swami IPO Promoter(s)
- Mr. Nipun Anantlal Bhaga
Sai Swami IPO FAQs
Sai Swami Metals & Alloys Limited IPO subscribed 543.78 times. The public issue subscribed 529.01 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 11:24:35 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Sai Swami IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Sai Swami IPO FAQs
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