Sai Swami Metals and Alloys IPO GMP: The initial public offering (IPO) of Sai Swami Metals launched on April 30, aiming to raise Rs 15.00 crores. The IPO has received an overwhelming response from investors in the last 2 days, The subscription window of Sai Swami Metals and Alloys IPO is scheduled to close tomorrow i.e. on May 03, Check the subscription status, latest GMP and other IPO details here.
Sai Swami Metals and Alloys IPO Issue Size
The IPO comprises entirely fresh issues of 25 lakh shares.
Sai Swami Metals and Alloys IPO Subscription Timeline
Bidding for the Sai Swami Metals and Alloys IPO commenced on April 30, 2024, and will conclude on May 3, 2024.
Sai Swami Metals and Alloys IPO Subscription Status
The Sai Swami Metals and Alloys IPO witnessed overwhelming subscriptions, reaching 73.16 times overall. Notably, the retail category subscribed 103.59 times, while the Qualified Institutional Buyers (QIB) category saw a subscription of [.] times, and the Non-Institutional Investors (NII) category reached 42.70 times by May 2, 2024, 1:37:05 PM.
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Sai Swami Metals and Alloys IPO Allotment
The allotment of shares is expected to be finalized by Monday, May 6, 2024.
Sai Swami Metals and Alloys IPO Listing Dates
Subsequently, the IPO will list on the BSE SME, with the tentative listing date set for Wednesday, May 8, 2024.
Sai Swami Metals and Alloys IPO GMP Today: Check Latest GMP
According to multiple unlisted market tracking websites, the grey market premium (GMP) of Sai Swami Metals and Alloys price ranges from Rs 45 to Rs 47 per share.
Sai Swami Metals and Alloys IPO Price Band
Each share in the Sai Swami Metals and Alloys IPO is priced at Rs 60.
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Sai Swami Metals and Alloys IPO Lot Size And Minimum Investmnet
The minimum lot size for an application is 2000 shares, requiring a minimum investment of Rs 120,000 for retail investors. High Net Worth Individuals (HNIs) are required to invest in 2 lots, totaling 4,000 shares, amounting to Rs 240,000.
Sai Swami Metals and Alloys IPO Registrar And Book Running Lead Manager
Swastika Investment Ltd serves as the book-running lead manager for the Sai Swami Metals and Alloys IPO. Bigshare Services Pvt Ltd is appointed as the registrar for the issue. Additionally, Sunflower Broking acts as the market maker for the IPO.
About Sai Swami Metals and Alloys
Sai Swami Metals and Alloys Pvt. Ltd. specializes in trading stainless steel products, catering to diverse customer needs. The company offers an array of kitchenware, including Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various utensils. Its Dolphin brand, along with subsidiaries Bhagat Marketing Private Limited and Dhruvish Metals LLP, is renowned for marketing stainless steel kitchenware products. With a presence in Gujarat, Madhya Pradesh, Maharashtra, and beyond, the company boasts a network of 6 distributors and over 150 sub-dealers, stockists, retailers, and strategic alliances as of December 31st, 2023. As of March 31st, 2024, the company employs seven individuals.
