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Sai Swami Metals and Alloys Pvt. Ltd. founded in September 2022 and focuses on trading a wide array of stainless steel products to fulfill diverse customer requirements.

Their product lineup includes kitchenware items like Stainless Steel Casseroles, Dinner Sets, Multi Kadai, Water Bottles as well as Stainless Steel Sheets, Circles and other utensils.

Dolphin brand managed by the company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP, is well known for trading and marketing stainless steel kitchenware products.

By December 31st, 2023, the company has built a distribution network comprising 6 distributors and more than 150 sub dealers, stockists, retailers and strategic alliances across states like Gujarat, Madhya Pradesh, Maharashtra, and others.

Sai Swami Metals & Alloys IPO Overview

Sai Swami Metals & Alloys is gearing up for its Initial Public Offering worth ₹15 crore. This offering includes 25 lakh new shares, each with a face value of ₹10 and priced at ₹60 per share.

Investors can subscribe to the IPO from April 30, 2024, to May 3, 2024. The company plans to allot shares by May 6, 2024 and aims to list on the BSE SME platform by May 8, 2024.

Before the IPO, Mr. Nipun Anantlal Bhaga, the company’s owner, holds 99.88% of the shares but this ownership will decrease to 62.15% after the IPO. Bigshare Services Pvt Ltd will manage the IPO registration process.