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Sai Swami Metals & Alloys IPO is a book build IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Steel sector. Swastika Investmart is the merchant banker of Sai Swami Metals & Alloys IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th December 2023.
Sai Swami Metals & Alloys IPO open date is 30th April 2024 and close date is 3rd May 2024. IPO Allotment Date is 6th May 2024 and Listing date is 8th May 2024.Sai Swami Metals & Alloys IPO size is Rs 15.00 Cr. crores with IPO price of Rs 60.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swastika Investmart Limited is the book-running lead manager of the Sai Swami Metals & Alloys IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Sunflower Broking Private Limited for Sai Swami Metals & Alloys IPO.
Sai Swami Metals & Alloys IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Sai Swami Metals & Alloys IPO, based in Ahmedabad, operates in the Steel sector with a focus on trades in a wide range of stainless steel products. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Sai Swami Metals & Alloys IPO size is ₹ 15.00 Cr. Crores with fresh issue size of Rs 15.00 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Sai Swami Metals & Alloys IPO is expected to be 6th May 2024, after the finalization of basis of allotment. Investors can check Sai Swami Metals & Alloys IPO allotment status on the registrars website, Bigshare Services Private Limited. Sai Swami Metals & Alloys IPO refund dates are 7th May 2024.
Sai Swami Metals & Alloys IPO is expected to be listed on 8th May 2024.
The upper price band for the Sai Swami Metals & Alloys IPO is set at ₹ 60.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Sai Swami Metals & Alloys IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Sai Swami Metals & Alloys IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 3rd May 2024. After submission, funds are blocked until the basis of allotment of Sai Swami Metals & Alloys IPO is finalised.
The merchant banker for Sai Swami Metals & Alloys IPO is Swastika Investmart Limited . Swastika Investmart Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Sai Swami Metals & Alloys IPO RHP for further details.
The registrar for Sai Swami Metals & Alloys IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Sai Swami Metals & Alloys IPO through their official website or helpline.
Sai Swami Metals & Alloys IPO was subscribed 543.72 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 15.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 32.34 Cr.
Sector: Steel
SME IPO so far:
26
Merchant Banker:
Swastika Investmart
SME IPO by BRLM so far:
47
City:
Ahmedabad
SME IPO so far:
174
Revenue (annualised):
₹ 44.45 cr.
PE
Ratio:
16.58x
Average Sector PE Ratio: 16.09x
Sai Swami Metals & Alloys IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Sai Swami Metals & Alloys Financial Review Page
Merchant Banker(s) of Sai Swami Metals & Alloys IPO: Swastika Investmart Limited
Sai Swami Metals & Alloys IPO subscription was 543.72 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Sai Swami Metals & Alloys IPO listed at a listing price of 119.70 against the offer price of 60.00.
The current market price of Sai Swami Metals & Alloys is 33.37.
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