Sai Swami Metals And Alloys Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sai Swami Metals

CMP

54.70

+0.17 (0.31%)

  • DRHP
₹60

Offer Price

₹ 15.00 Cr

Issue Size

₹ 1,20,000

Min Investment

2,000

Lot size

Time Line

  • 30
    Apr 2024
    Open
  • 03
    May 2024
    Close
  • 06
    May 2024
    Finalisation of Basis of Allotment
  • 07
    May 2024
    Initiation of Refunds
  • 07
    May 2024
    Transfer of Shares to Demat Account
  • 08
    May 2024
    Listing Date

Objects of the Offer

  • Increase its geographical reach and expansion of addressable market.

  • Invest in new manufacturing plant and increase backward integration in the plant.

  • Scale up branding, promotional and digital activity.

  • Continue to strengthen its existing product portfolio and to add more products.

Products & Services

  • The company is actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of its discerning customers.

Strengths

  • Experienced Promoter and Management Team.

  • Consistent focus on quality Products.

  • Diversified Range of kitchenware product.

  • Established sales and distribution network.

Risks

  • The property used by the Company for the operation purpose is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or its failure to renew the same could adversely affect the company`s operations.

  • Majority of its Current revenue is dependent on one product i.e., S.S. Scraps inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.

  • The Company is using logo of its Subsidiary Company and also has made application for registration of trademark, which is under process of registration. The company is unable to assure that the future viability or value of any of its intellectual property or that the steps taken by it to protect the proprietary rights of the Company will be adequate.

  • The company source its materials from third parties with whom the company does not have long term contract or price guarantees.

  • Its operations are significantly dependent on third parties for the distribution and sales of its products.

Company Promoters

Promoters Holding

Issue For IPO
37.73%
Pre Holding

99.88%

Post Holding

62.15%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 0.04 (-) 6.27 (-) 27.02 (-)
Gross Profit 0.04 (-) 6.27 (-) 27.02 (-)
Net Income 0.04 (-) 6.27 (-) 27.02 (-)
Assets 0.04 (-) 6.27 (-) 27.02 (-)
Liabilities 0.04 (-) 6.27 (-) 27.02 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sai Swami Metals and Alloys Ltd 6.27 0.04 7.11 6.76 27.02 65.66 353.20 1.32 0.95
TTK Prestige Ltd 2,777.13 254.17 2,587.45 2,587.45 13.12 18.34 139.94 9.82 0.02

Book Running Managers

  • Swastika Investmart Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

05 Harekrishana Industrial -,
Estate Bakrol Daskroi,
Ahmedabad - 382430
Phone : +91 99099 70863 Email : cs@saiswamimetals.com www.saiswamimetals.com

Offer Related Information

Public issue of 25,00,000 equity shares of face value of Rs. 10/- each of Sai Swami Metals and Alloys Limited ("Sai" or the "Company" or the "Issuer") for cash at a price of Rs. 60/- per equity share including a share premium of Rs. 50/- per equity share (the "Issue Price") aggregating to Rs. 15.00 crores ("The Issue"), of which 1,28,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 60/- per equity share including a share premium of Rs. 50/- per equity share... More

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