SAI SWAMI METALS AND ALLOYS (BSE SME)

Apr 30, 2024 - May 3, 2024

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IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	47.4%	1186000
Other	47.4%	1186000
Market Maker	5.12%	128000
Total No. of Shares	100.0%	2500000

Sai Swami Metals and Alloys Pvt. Ltd., established in September 2022, specializes in trading stainless steel products, particularly kitchenware such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various utensils. The Dolphin brand, renowned for its quality, is managed by the company along with its subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP. As of December 31st, 2023, the company boasts a distribution network comprising 6 Distributors and over 150 sub-dealers/stockiest/retailers and strategic alliances in Gujarat, Madhya Pradesh, Maharashtra, and other regions. By March 31st, 2024, the company's workforce totaled seven employees.

IPO Details

Issue Size	Upto 25,00,000 Equity Shares aggregating up to 15.00 CR
Fresh Issue	Upto 25,00,000 Equity Shares aggregating up to 15.00 CR
Issue Type	Fixed Price Issue
Listing At	BSE SME
Share holding pre issue	41,17,710 Equity Shares
Share holding post issue	66,17,710 Equity Shares
Market Maker portion	1,28,000 Shares Sunflower Broking

Key Performance Indicators

KPI	Dec-23	Mar-23
RONW	27.02%	10.84%
EPS (Diluted)	5.29	38.28
P/E Pre IPO	11.34

Financial Information (Restated Consolidated)

Period Ended	31-Dec-23	31-Mar-23
Assets	2,617.31	2,583.16
Revenue	3,333.86	626.76
Profit After Tax	179.52	3.83
Net Worth	664.47	35.32
Reserves and Surplus	252.7	34.32
Total Borrowing	743.16	610.23
Amount in Lakhs

Strength Factors

Skilled Leadership: Sai Swami Metals and Alloys Pvt. Ltd. benefits from an experienced promoter and management team, ensuring strategic decision-making and effective execution of business plans.

Commitment to Quality: The company maintains a steadfast dedication to delivering high-quality products consistently, thereby building trust and loyalty among its customer base.

Diverse Product Range: With a diversified range of kitchenware products, including Dinner Sets, S.S. Casseroles, and S.S. Water Bottles, the company possesses the flexibility to cater to various consumer preferences and market demands.

Risk Factors

Dependency on Lease Agreements: The Company’s reliance on leased property for operations poses a risk, as any termination or failure to renew lease agreements could disrupt business operations, impacting the company adversely.

Potential Conflict of Interest within Group Companies: With its group companies engaged in similar sectors, conflicts of interest may arise, potentially leading to competitive pressures, resource allocation issues, or conflicting strategic priorities, which could negatively affect the company's business, prospects, and financial performance.

High Volume Low Margin Business Model: Operating in a high volume, low margin business environment presents inherent risks, such as increased sensitivity to fluctuations in costs, pricing pressures, and challenges in maintaining profitability. Any adverse shifts in market dynamics or cost structures could impact the company's financial health and performance.

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