Sai Swami Metals & Alloys IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Sai Swami Metals & Alloys Limited IPO GMP

Sai Swami Metals and Alloys Ltd is involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of our discerning customers. The company's product line includes a variety of kitchenware such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S.

SSMAL is coming up with an IPO to raise funds from the public based on the Fixed Price Issue. The Issue Size of the IPO is ₹15.00 Crores comprising of entirely fresh issue of 25,00,000 equity shares. SSMAL IPO opens on 30th April 2024 and closes on 03rd May 2024 for the subscription.

SSMAL IPO allotment is expected to be finalized on 06 May 2024. SSMAL IPO will be listed on BSE SME for Commencement of trading of the Equity Shares on the Stock Exchange on 08 May 2024.

SSMAL IPO issue price band is ₹ 60 Per Equity Share. The minimum lot size for an application is 2000 equity shares and the minimum amount of investment required to subscribe SSMAL IPO under the Retail Category ₹ 1,20,000. The minimum lot size for an application is 4000 equity shares and the minimum amount of investment required to subscribe to SSMAL IPO under the HNI Category ₹ 2,40,000.

Refer to Sai Swami Metals & Alloys Ltd. RHP for more details about the company and the IPO.

Objectives of Sai Swami Metals & Alloys IPO

SSMAL intends to utilize the Proceeds of the Issue to meet the following objects:
1. To Meet Incremental Working Capital Requirements;
2. To Invest in Subsidiary Company;
3. To Purchase of Machineries;
4. General Corporate Purpose.