Sai Swami Metals & Alloys Limited
ListedSMEMetals & 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
Close
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
Overall Subscription
543.78x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
558.55x
High Net-Worth
Retail (RII)
529.01x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,186,000 | 662,440,000 | 558.55x |
| RETAIL | 1,186,000 | 627,402,000 | 529.01x |
| Total | 2,372,000 | 1,289,842,000 | 543.78x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 438 | 231,706 | 529.01x |
| HNIs (10L +) | 3 | 1,676 | 558.55x |
| HNIs (2-10L) | 13 | 7,261 | 558.55x |
| Total Applications | 454 | 240,643 | 530.05x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Sai Swami Metals & Alloys Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Sai Swami Metals & Alloys Limited IPO is ₹50 per equity share. Based on the upper price band of ₹60 to ₹60 per equity share, the estimated listing price is ₹110 (+83.3% expected listing gain).
What is the expected profit per lot for Sai Swami Metals & Alloys Limited IPO?
With a lot size of 2000 shares and current GMP of ₹50, the expected profit per application lot is approx ₹1,00,000 (+83.3% gain). Minimum application cost is approx ₹1,20,000.
What is the issue size and price band for Sai Swami Metals & Alloys Limited IPO?
The Sai Swami Metals & Alloys Limited IPO aggregate issue size is ₹15 Crores with an equity price band set at ₹60 to ₹60 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
How can I check Sai Swami Metals & Alloys Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 543.78x (Retail: 529.01x, QIB: 0.00x, NII: 558.55x). You can track live multiples directly on our dedicated subscription page.
Where and when will Sai Swami Metals & Alloys Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-05-06. Investors can verify status using PAN card or application number.
When is the listing date for Sai Swami Metals & Alloys Limited IPO?
Sai Swami Metals & Alloys Limited shares are scheduled to list on BSE on 2024-05-08.