Sai Swami Metals & Alloys IPO: Issue oversubscribed on Day 1 led by retail investors; check GMP, other key details

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₹60 for each equity share with a face value of ₹10. Sai Swami Metals & Alloys IPO lot size consists of 2,000 shares. Applications have to include a minimum of 2,000 equity shares; after that, multiples of 2,000 equity shares will be considered.

According to the Red Herring Prospectus (RHP), the company actively trades and markets a variety of stainless steel products to satisfy the diverse needs of the discerning customer base. The company's product range includes a wide variety of kitchenware goods, such as dinner sets, stainless steel sheets, stainless steel circles, casseroles, multikadais, and various utensils. Additionally, the company trades basic raw materials for a variety of customers, including stainless steel sheet, coil, scrap, pipe, mild steel round (M.S.

Round), and so on. Also Read: Racks & Rollers IPO: Issue fully subscribed on Day 1 on strong retail interest. Check GMP, other key details Sai Swami Metals and Alloys Limited, through its subsidiaries Dhruvish Metal Industries LLP and Bhagat Marketing Private Limited, maintains a varied presence in the stainless-steel cookware sector.

By guaranteeing that its products are widely accessible through a smart network of distributors, dealers, and retailers across India, the company further strengthens its reputation as a trustworthy brand in the marketplace. TTK Prestige, which has a P/E of 60.51, is the company's listed peer according to RHP. Sai Swami Metals & Alloys IPO Subscription Status Sai Swami Metals & Alloys IPO subscription status is 16.76 times, on day 1, so far.