Sai Swami Metals & Alloys IPO: Date price and much more - check now
Hindustan TimesThe Ahmedabad-based stainless steel product manufacturer Sai Swami Metals & Alloys is all set to launch its IPO on April 30, aiming to raise approximately ₹15 crore from the public. Sai Swami Metals & Alloys IPO is priced at ₹60 per share and consists of 25 lakh equity shares of ₹10 each. Sai Swami Metals & Alloys IPO is all set to hit the markets soon. In a statement, Sai Swami Metals & Alloys revealed, “The proceeds of the public issue will be utilised to fund the company's expansion plans including purchase of machineries, investment in subsidiary company, meeting working capital requirements and for general corporate purposes.” Sai Swami Metals & Alloys financials show a net profit of ₹1.79 crore and revenue of ₹33.33 crore for the nine months ending December 2023, with a net profit of ₹3.83 lakh and revenue of ₹6.27 crore in the 2022-23 fiscal year, PTI reported.