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IPO

IPO Details


Sai Swami Metals and Alloys Ltd
Registered Office: 05 Harekrishana Industrial -, Estate Bakrol Daskroi, Ahmedabad - 382430, Gujarat
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: www.saiswamimetals.com
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 aggregating to Rs. 0.77 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 23,72,000 equity shares of face value of Rs. 10/- each at a price of Rs. 60/- per equity share including a share premium of Rs. 50/- per equity share aggregating to Rs. 14.23 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 37.78% and 35.84% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 60/-. The issue price is 6.00 times of the face value. Minimum Market lot 2000
Issue Money Payable On
Opens On Closes On Application Allotment
30-Apr-2024 03-May-2024 ₹ 60.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 14.00 Swastika Investmart Ltd
Project Financed through Current Offer 15.00
Post Issue Equity Share Capital 6.62
Issue Price ₹60.00
Projects
To meet incremetal working capital requirements
To unvest subsidiary company
To purchase of machinery
General corporate purposes
Promoted By
Nipun Anantlal Bhagat
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

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NASDAQ

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