What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Sai Swami Metals & Alloys Limited IPO allotment date?

The basis of allotment for Sai Swami Metals & Alloys Limited IPO is scheduled to be finalized on 6 May 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 7 May 2024.

Sai Swami Metals & Alloys Limited

ListedSME

Metals & Steel / Stainless Steel Products · BSE

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.

Price Band

₹60

Issue Size

₹15.00 Cr

Lot Size

2000 shares

GMP

₹50

+83.3%

Est. Listing

₹110

at current GMP

Subscribed

543.78x

overall

Open

30 Apr 2024

3 May 2024

Allotment

6 May 2024

Refund

7 May 2024

Demat Credit

8 May 2024

Listing

8 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Sai Swami Metals & Alloys Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

6 May 2024

Basis finalization

Refunds Initiate

7 May 2024

Mandate release

Demat Credit

8 May 2024

Shares in demat

Listing Debut

8 May 2024

Trading begins

How to Check Sai Swami Metals & Alloys Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Sai Swami Metals & Alloys Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Sai Swami Metals & Alloys Limited Public Issue & Market Profile

Sai Swami Metals & Alloys Limited is bringing an initial public offering (IPO) in the Metals & Steel / Stainless Steel Products sector with an aggregate issue size of ₹15 Crores. The shares are offered at a price band of ₹60 to ₹60 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-05-08, while un-allotted funds or UPI block mandates will be released on 2024-05-07.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.