Sai Swami Metals & Alloys Limited
Sai Swami Metals & Alloys Limited is a leading producer of stainless steel.
About Company
Sai Swami Metals & Alloys Limited: A Comprehensive Overview
Sai Swami Metals & Alloys Limited ("SSMAL") is a name that resonates with quality and reliability in the stainless steel industry. With a rich history dating back to 1995, the company has established itself as a formidable player in the metal and alloys sector. Based in Ahmedabad, Gujarat, SSMAL is part of the group company of the renowned DOLPHIN brand, which is synonymous with high-quality stainless steel cookware and appliances.
The company's sprawling 20,000 square feet factory is a testament to its commitment to excellence. This space is not just a manufacturing hub but also a center for rigorous inspection, stock management, and quality checking, ensuring that every product meets the high standards that SSMAL sets for itself. With modern equipment and the latest testing instruments, the company is well-equipped to deliver orders promptly and maintain the superior quality of its products.
SSMAL's product portfolio is extensive, catering to a wide range of customer demands. From stainless steel scrap to coils, angle trims, plates, and polished bars, the company offers a variety of products that are integral to numerous industries. These products find applications in sectors ranging from construction to manufacturing and recycling, underscoring the versatility and importance of stainless steel as a material.
The company's dedication to customer satisfaction is evident from the testimonials of its clients. Manufacturing directors, recycling plant managers, and construction managers alike praise SSMAL for its excellent quality, attention to detail, and prompt delivery. Such endorsements highlight the trust and reliability that the company has built over the years.
In a significant development, Sai Swami Metals & Alloys recently announced its Initial Public Offering ("IPO"), which opened for subscription on April 30, 2024. The IPO, a fixed price issue of Rs 15.00 crores, comprises entirely fresh shares, amounting to 25 lakh shares. This move marks a new chapter in the company's growth story, as it seeks to expand its reach and scale new heights.
The IPO details reveal a price of INR 60 per share, with a minimum lot size of 2000 shares, making the minimum investment for retail investors INR 120,000. The listing date is tentatively set for May 8, 2024, on the BSE SME platform. This strategic step is a clear indicator of the company's robust financial health and its ambition to forge ahead in the competitive market.
Sai Swami Metals & Alloys Limited was incorporated on September 23, 2022, with the objective of taking over the business of 'Steel Kraft Industries,' a sole proprietorship. The company's core business revolves around trading and marketing a diverse array of stainless steel products, which underscores its pivotal role in the stainless steel supply chain.
As the company moves forward, it continues to uphold the values of quality, reliability, and customer-centricity that have been the cornerstone of its success. With its IPO and ongoing endeavors, Sai Swami Metals & Alloys Limited is poised to make even more significant strides in the industry, contributing to the growth of the metal and alloys sector and the economy at large.
Company Financials
IPO Timeline (Tentative Timetable)
Sai Swami Metals & Alloys Limited, a company that was incorporated on September 23rd, 2022, has made significant strides in the stainless steel industry. The company's journey began with the acquisition of 'Steel Kraft Industries', a sole proprietorship, and has since evolved into a formidable name in the trading and marketing of a diverse range of stainless steel products.
The company's product portfolio is extensive, including kitchenware under the Dolphin Brand and various stainless steel items such as casseroles, multi kadai, water bottles, sheets, circles, and utensils. Moreover, Sai Swami Metals & Alloys Limited deals in essential raw materials like stainless steel patta, sheet, coil, scrap, pipe, as well as mild steel round and beam.
Financially, the company has shown a promising trend over the past few fiscal years. For instance, in the fiscal year 2021, the company reported a total revenue of Rs. 7.51 crore with a net profit margin of Rs. 0.05 crore. The following year, FY22, saw an increase in both revenue and profit, with figures reaching Rs. 8.84 crore and Rs. 0.52 crore, respectively. The fiscal year 2023 presented a slight dip in revenue to Rs. 6.25 crore, but still maintained a healthy profit of Rs. 0.37 crore. Notably, for the first nine months of FY24, Sai Swami Metals & Alloys Limited achieved a net profit of Rs. 0.94 crore on a total revenue of Rs. 14.35 crore.
This growth trajectory is indicative of the company's robust distribution network, which includes 6 distributors and over 150 sub-dealers, stockists, retailers, and strategic alliances across India. Such an expansive network ensures that Sai Swami Metals & Alloys Limited's products are widely available and accessible to a broad customer base.
As the company prepares for its Initial Public Offering (IPO), with an issue size of ₹15 crore and a price band of ₹60, it is crucial to assess the financial health and performance of Sai Swami Metals & Alloys Limited. The IPO, which opened for bidding on April 30th, 2024, and closed on May 3rd, 2024, has garnered significant interest, with the subscription status reaching 21.7 times the offer amount.
Investors and market analysts will be keenly observing the allotment date on May 6th, 2024, and the subsequent listing date. The performance of Sai Swami Metals & Alloys Limited's IPO could serve as a bellwether for the stainless steel industry and the company's future growth prospects.
In conclusion, Sai Swami Metals & Alloys Limited has demonstrated a solid financial performance, with a consistent increase in revenue and profit over the years. The company's strategic business model, coupled with its extensive distribution network, positions it well for future success. As the market awaits the listing of Sai Swami Metals & Alloys Limited, the financial figures and the overwhelming response to the IPO suggest a bright future for the company and its stakeholders.
IPO Details
Competitive Strength
Exploring the Competitive Edge of Sai Swami Metals & Alloys Limited
In the dynamic and ever-evolving metal and alloy industry, Sai Swami Metals & Alloys Limited has carved out a niche for itself with its distinctive competitive strengths. Established in 2022, the company has quickly risen to prominence, underpinned by a series of strategic advantages that set it apart from its competitors.
Diversified Product Portfolio
Sai Swami Metals & Alloys Limited boasts a diverse range of stainless steel products, catering to a wide array of customer needs. From kitchenware essentials like dinner sets and casseroles to industrial materials such as stainless steel sheets and coils, the company's product lineup is both comprehensive and versatile.
Quality Assurance
A consistent focus on quality is at the heart of Sai Swami Metals & Alloys Limited's operations. The company adheres to stringent quality control measures at every stage, from raw material procurement to the final stages of product assembly and delivery. This unwavering commitment to quality has not only earned the trust of customers but also established the company's reputation as a reliable supplier in the market.
Robust Distribution Network
The company's distribution network is a testament to its strategic planning. With six distributors and over 150 sub-dealers, stockists, and retailers, coupled with strategic alliances, Sai Swami Metals & Alloys Limited ensures that its products are widely available across India. This extensive network facilitates seamless supply chain management and enhances market penetration[1].
Financial Growth
Financially, Sai Swami Metals & Alloys Limited has demonstrated remarkable growth. The company has seen an increase in total assets, net worth, and total revenue, indicating a strong financial foundation and a trajectory of upward growth. The profit after tax and total borrowing have also increased, reflecting the company's ability to scale operations while maintaining profitability.
Brand Recognition
The "DOLPHIN" brand, under which Sai Swami Metals & Alloys Limited markets its kitchenware products, has gained significant recognition in the market. This brand identity helps in differentiating its products and adds value to the customer's purchase decision.
Experienced Leadership
The company benefits from an experienced promoter and management team, whose expertise and vision drive the company's strategic decisions. The leadership's deep understanding of the market and the industry at large has been instrumental in steering the company towards success.
Innovation and Adaptability
Sai Swami Metals & Alloys Limited has shown a propensity for innovation, adapting to market trends and customer demands. The company's agility in responding to industry dynamics is a crucial factor in its ability to maintain a competitive edge.
Future Prospects
Looking ahead, Sai Swami Metals & Alloys Limited is poised for further growth. The company's IPO, scheduled to open for subscription from April 30, 2024, to May 3, 2024, aims to raise capital for incremental working capital requirements, investment in subsidiary companies, machinery purchases, and general corporate purposes. This move is expected to bolster the company's financial position and enable it to capitalize on emerging opportunities.
In conclusion, Sai Swami Metals & Alloys Limited's competitive strengths lie in its diversified product range, quality assurance, robust distribution network, financial growth, brand recognition, experienced leadership, and innovative approach. These attributes collectively contribute to the company's robust standing in the market and bode well for its future endeavors.
Company's Past Financial Performance
Analyzing the Financial Performance of Sai Swami Metals & Alloys Limited: A Deep Dive into Revenue and Profit
Sai Swami Metals & Alloys Limited, a company that was incorporated on September 23rd, 2022, has quickly established itself as a significant player in the stainless steel products market. The company's journey began with the acquisition of the business of a sole proprietorship known as 'Steel Kraft Industries'. Since then, it has expanded its reach by trading and marketing a diverse range of stainless steel products, including kitchenware under the Dolphin Brand and various raw materials like stainless steel Patta, Sheet, Coil, Scrap, Pipe, as well as Mild Steel Round and Beam.
Financially, the company has shown a promising trajectory. For the fiscal years ending in March 2021, 2022, and February 2023, the company reported total revenues of INR 7.51 crores, INR 8.84 crores, and INR 6.25 crores, respectively. The net profits for these years were INR 0.05 crores, INR 0.52 crores, and INR 0.37 crores, in that order. Notably, for the nine months of the fiscal year 2024, Sai Swami Metals & Alloys Limited earned a net profit of INR 0.94 crores on a total revenue of INR 14.35 crores, indicating a strong performance and potential for growth.
The company's financial health is further evidenced by its recent IPO, which was oversubscribed by 21.7 times, reflecting the market's confidence in its business model and future prospects. The issue size of the IPO was INR 15 crores, with a price band of INR 60 per share, and it attracted a wide range of investors.
Sai Swami Metals & Alloys Limited's success can be attributed to its robust distribution network, which includes 6 distributors and over 150 sub-dealers, stockists, retailers, and strategic alliances across India. This extensive network ensures that their products are widely available and accessible to a large customer base.
As the company continues to grow, it remains focused on its core business of trading and marketing stainless steel products while exploring new opportunities for expansion. With a solid financial foundation and a clear strategic direction, Sai Swami Metals & Alloys Limited is poised to make a significant impact in the metals and alloys industry.
For more detailed financial information and performance analysis, interested readers can refer to the company's financial statements and reports available on financial platforms and the company's official disclosures.