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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹15.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹15.00 Cr |
| Fresh Issue | ₹14.23 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹60.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544170 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Swastika Investmart Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirements | 6.00 |
| 2 | To Invest in Subsidiary Company. | 4.00 |
| 3 | To Purchase of Machineries | 2.00 |
| 4 | General Corporate Purpose | 2.00 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 26.17 | 25.83 |
| Total Income | 33.34 | 6.27 |
| Profit After Tax | 1.80 | 0.04 |
| NET Worth | 6.64 | 0.35 |
| Reserves and Surplus | 2.53 | 0.34 |
| Total Borrowing | 7.43 | 6.10 |
| Amount in ₹ Crore | ||
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 27.02% |
| PAT Margin | 5.38% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.29 | |
| P/E (x) | 11.34 | 16.58 |
| Promoter Holding | 99.88% | 62.15% |
| Market Cap | ₹39.71 Cr. | |
