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News Details

( As on 26/04/2024 14:40)

Sai Swami Metals and announces launch of initial public offering

Sai Swami Metals and Alloys Ltd. has announced public offering of 2500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 50.00 per share. The gross proceeds of the issue are expected to be Rs 1,500.00 lakhs.

The company's initial public offer (IPO) will open on 30 April 2024 and is expected to close on 03 May 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 2500000 Equity Shares of the Company at an price of Rs 60.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Sai Swami Metals and Alloys Ltd. anticipates using the proceeds of the issue for .

SWASTIKA INVESTMART LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.