ListedSMESAI

Sai Swami Metals & Alloys

Sai Swami Metals & Alloys is a sme IPO raising ₹15 Cr at a fixed price of ₹60 a share. It listed on 8 May 2024 and trades at ₹8 today, −86.9% against its issue price of ₹60. It was subscribed 0.00× in total.

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₹60

Issue price

₹8

Price now

−86.9%

Since issue price

8 May 2024

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹60

Cut-off price₹60

Issue size₹15 Cr

Shares per lot2000

Minimum application₹1,20,000

Minimum quantity2000

Face value₹10

Listing exchanges—

ISININE0QXT01018

Bidding hours10:00 – 17:00 IST

Bidding window30 Apr 2024 – 3 May 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.