SAI SWAMI METALS AND ALLOYS LIMITED IPO Details
Schedule/Timeline of Sai Swami Metals & Alloys Limited IPO
Issue Period 30th April to 3rd May 2024
Deadline for accepting UPI mandate Until 5 PM on the issue closing day
Finalization of Allotment May 06, 2024
Initiation of Refunds May 07, 2024
Credit of Shares May 07, 2024
Date of Listing May 08, 2024
Mandate end date May 18, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 05, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 05, 2024
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
SAI SWAMI METALS AND ALLOYS LIMITED IPO Lot Size
This stock will trade with a lot size of 2000 shares in the SME segment on the listing.The Sai Swami Metals and Alloys IPO is subscribed 120.92 times on May 2, 2024 5:53:05 PM (Day 2). The public issue subscribed 174.66 times in the retail category, [.] times in the QIB category, and 66.77 times in the NII category
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 66.77 | 11,86,000 | 7,91,86,000 |
| Retail | 174.66 | 11,86,000 | 20,71,48,000 |
| Total | 120.92 | 23,72,000 | 28,68,28,000 |
Objects of the Issue (JNK India IPO Objectives)
Sai Swami Metals & Alloys Limited Contact Details
Sai Swami Metals & Alloys Limited
05, Harekrishana Industrial
Estate Bakrol,
Ahmedabad, Daskroi-382430
Phone: +91 99099 70863
Email: cs@saiswamimetals.com
Website: https://www.saiswamimetals.com/
Sai Swami Metals and Alloys IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements;
- To Invest in Subsidiary Company;
- To Purchase of Machineries;
- General Corporate Purpose
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