Sai Swami Metals & Alloys IPO Review

Sai Swami Metals and Alloys Ltd specializes in trading and marketing a wide range of stainless steel products, including kitchenware like Dinner Sets and Casseroles. Under the leadership of Mr. Nipun Anantlal Bhagat, the company has grown from its origins in marketing to establishing manufacturing units, maintaining a strong focus on quality and innovation in the stainless steel industry.

The company is backed by strong promoters and a Board of Directors who has experience of over 30 years of trade experience in the industry. The company has recently incorporated in September 2022 and we have data only till December 2023 so we cannot compare the growth in Top line and Bottom line with the past trends but the company have started and performed well in the first year of Incorporation due to acquisition of Proprietorship Business in the same line of promoters.

The company has clocked a Revenue of ₹ 33.33 crore and Profit after Tax ₹ 0.03 crore to ₹1.79 crores till December 2023 from the date of Incorporation.

SSMAL IPO Issue price is ₹ 60 per share and Post Issue EPS of ₹ 2.71 which makes the valuation fully priced at a Post PE ratio of 22.14x times against an Industry PE Ratio of 13.76x times and so there's nothing much left on the table for IPO investors for Big Listing Gains and Long Term Investors could consider investing post debut in the market when there is enough margin of safety at later stage.