Sai Swami Metals & Alloys Limited

Company Profile
Company Name Sai Swami Metals & Alloys Limited
Open Date 30-04-2024
Close Date 03-05-2024
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹60 per share
Issue Size 25,00,000 shares
Application Amount ₹1,20,000
Recommendation Avoid
Incorporated in 2022, Sai Swami Metals and Alloys Limited has its registered office in Ahmedabad, Daskroi, Gujarat, India. The company incorporated with the object to acquire and take over the running business of sole proprietorship as a going concern carried by the promoter in the name and style as ‘Steel Kraft Industries’.The company is involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of discerning customers. The company is also engaged in trading of basic raw materials like S.S. Patta, S.S. Sheet, S.S. Coil, S.S. Scrap, S.S. Pipe, M.S. Round (Mild Steel Round) and M.S. beam. As of March 31, 2024, the company had a total of 7 employees on a consolidated basis on its payroll.
(Read more on the review)

Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 945.83 1,001.36 2,583.16 2,617.31
Net Assets 144.31 189.31 35.32 664.47
Total Borrowings 325.52 324.33 610.23 743.16
Total Revenue 750.65 884.11 626.76 3,333.86
Profit After Tax 4.61 52.41 3.83 179.52

Tentative Timeline

Opening Date 30-04-2024
Closing Date 03-05-2024
Basis of Allotment 06-05-2024
Initiation of Refunds 07-05-2024
Credit of Shares to Demat 07-05-2024
Listing Date 08-05-2024

Objects of the Issue

To Meet Incremental Working Capital Requirements.
To Invest in Subsidiary Company.
To Purchase of Machineries.
General Corporate Purpose.

Contact Information

Registered Office Sai Swami Metals & Alloys Limited 05, Harekrishana Industrial Estate Bakrol, Ahmedabad, Daskroi-382430
Phone +91 99099 70863

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters)
Share Holding Post Issue (Promoters)

Contact Us to Enable Your Success!