IPO IPO-Synopsis
Sai Swami Metals and Alloys Ltd

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Registered Office: 05 Harekrishana Industrial -,Estate Bakrol Daskroi , Ahmedabad - 382430 , Gujarat , India.
Phone : +91 99099 70863   Fax:
Email :  cs@saiswamimetals.com  
Website :  www.saiswamimetals.com
Public issue of 25,00,000 equity shares of face value of Rs10/- each of Sai Swami Metals and Alloys Limited ("Sai" or the "Company" or the "Issuer") for cash at a price of Rs60/- per equity share including a share premium of Rs50/- per equity share (the "Issue Price") aggregating to Rs15.00 crores ("The Issue"), of which 1,28,000 equity shares of face value of Rs10/- each for cash at a price of Rs60/- per equity share including a share premium of Rs50/- per equity share aggregating to Rs0.77 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 Rs10/- each at a price of Rs60/- per equity share including a share premium of Rs50/- per equity share aggregating to Rs14.23 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 Rs10/- each and the issue price is Rs60/-. 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-24 03-May-24 Rs60.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs 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 Rs60.00  
Projects
To meet incremetal working capital requirementsTo purchase of machinery
To unvest subsidiary companyGeneral corporate purposes
Promoted By
Nipun Anantlal Bhagat
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd