Sai Swami Metals and Alloys IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Sai Swami Metals and Alloys Limted IPO. Explore Sai Swami Metals and Alloys IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Sai Swami Metals and Alloys Limited, formerly known as Sai Swami Metals and Alloys Private Limited, was incorporated in 2022 with the objective of acquiring and taking over the business of the proprietorship firm 'Steel Kraft Industries.' The company has since evolved into a public limited company, specializing in the trading and marketing of stainless steel products, including kitchenware and basic raw materials. Through strategic integration and subsidiary operations, Sai Swami Metals and Alloys Limited has established itself as a prominent player in the stainless steel industry, offering high-quality products under the esteemed brand "DOLPHIN."
Key Points:
- Product Portfolio: Sai Swami Metals and Alloys Limited trades and markets a comprehensive array of stainless steel products, including kitchenware such as dinner sets, casseroles, water bottles, and utensils. The company is also engaged in trading basic raw materials like stainless steel sheets, coils, and pipes to cater to various customer needs.
- Integration and Subsidiaries: Through its subsidiaries, including Bhagat Marketing Private Limited and Dhruvish Metals LLP, the company operates manufacturing units and trading channels. Dhruvish Metals specializes in utensil manufacturing, while Bhagat Marketing focuses on trading various stainless steel kitchenware products under the Dolphin brand.
- Leadership: Led by Mr. Nipun Anantlal Bhagat, the company's founder, Sai Swami Metals and Alloys Limited benefits from over 30 years of trade experience in the stainless steel industry.
- Acquisitions and Expansion: The acquisition of Steel Kraft Industries in 2023 enabled Sai Swami Metals and Alloys Limited to expand its manufacturing capabilities and product offerings within the stainless steel industry. The company continues to focus on growth and advancement through strategic initiatives and expansions.
Note - Steel Kraft Industries' financial data for FY 2021 and FY 2022, and Sai Swami Metals and Alloys Limited's data for FY 2023 and as of Dec 2023 are used for financial and valuation purposes.
Objects of the Issue
- To Meet Incremental Working Capital Requirements
- To Invest in Subsidiary Company
- To Purchase of Machineries
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 30 Apr - 03 May 2024 |
| IPO Price Band | ₹ 60 per share |
| Fresh Issue | Upto 25,00,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 15.0 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 30 Apr 2024 |
| IPO Closing Date | 03 May 2024 |
| Basis Of Allotment | 06 May 2024 |
| Refunds | 07 May 2024 |
| Demat Transfer | 07 May 2024 |
| IPO Listing Date | 08 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 7.51 | 8.84 | 6.27 | 33.34 |
| Total Expenses | 7.45 | 8.14 | 6.24 | 30.91 |
| Net Profit/Loss | 0.05 | 0.52 | 0.04 | 1.80 |
| NPM (*) | 0.62 | 5.93 | 0.61 | 5.38 |
| Total Assets | 9.46 | 10.01 | 25.83 | 26.17 |
| Total Liabilities | 8.02 | 8.12 | 25.48 | 19.53 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 0.32 | 2.77 | 38.28 | 5.29 |
| ROE (%) | NA | NA | NA | 51.31 |
| ROCE (%) | NA | NA | NA | 51.30 |
| D/E Ratio | NA | NA | NA | 1.12 |
| Current Ratio | 1.71 | 1.78 | 1.01 | 1.34 |
| EBITDA MARGIN (%) | 2.77 | 9.92 | 0.68 | 8.43 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Sai Swami Metals and Alloys Limited | 33.34 | 11.34 | 5.29 | 27.02 | 19.57 |
| TTK Prestige | 2,055.49 | 60.51 | 12.25 | 8.24 | 152.25 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 533.83 |
| Retail Individual Investor (RII) | 529.01 |
| Total | 543.72 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. NIPUN ANANTLAL BHAGAT
Lead Managers
- SWASTIKA INVESTMART LIMITED
Company Address
Sai Swami Metals and Alloys Limited
05, Harekrishana Industrial Estate Bakrol, Ahmedabad, Daskroi, Gujarat – 382430
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: www.saiswamimetals.com
FAQs
- What is the issue size of the Sai Swami Metals and Alloys SME IPO?The Sai Swami Metals and Alloys SME IPO has an issue size of ₹ 15.0 crore. This includes a fresh issue of Upto 25,00,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Sai Swami Metals and Alloys IPO?The price band for the Sai Swami Metals and Alloys IPO is ₹ 60 per share.
- What are the bidding dates for the Sai Swami Metals and Alloys IPO?The Sai Swami Metals and Alloys IPO will open for bidding on 30 Apr 2024 and close on 03 May 2024.
- What is the allotment date for the Sai Swami Metals and Alloys IPO?The allotment date for the Sai Swami Metals and Alloys IPO is 06 May 2024.
- What is the listing date for the Sai Swami Metals and Alloys IPO?The listing date for the Sai Swami Metals and Alloys IPO is 08 May 2024.
- What is the Sai Swami Metals and Alloys IPO grey market premium?The grey market premium (GMP) for the Sai Swami Metals and Alloys IPO is currently at ₹50, with an expected listing gain of approximately 83.33%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.