Sai Infinium Ltd.
BSETBA
TBA
1 Shares
TBA
₹10
Financial Summary
| Particulars | FY 2022-23 | FY 2021-22 |
|---|---|---|
| 51,842.67 | 15,430 | |
| 218.31 | 73.72 | |
| 52,060.98 | 15,503.72 | |
| 48,927.82 | 13,735.11 | |
| 136.61 | 322.2 | |
| 107.41 | 234.07 |
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of our Company towards expansion of manufacturing | 2,100 |
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
93.68%
Promoter stake
About the Company
We operate from our manufacturing plant located at Survey No. 1020/ 1021/1 Paiky -B, Charmardi Village, taluka –Vallbhipur, Bhavnagar - 364310, Gujarat, area measuring 53,781 sq. meters’ with an installed capacity of 300 MetricTons (“MT”) per eight-hour shift for the production of TMT bars and MS billets. The plant manfuactures MS Billetsfrom various materials, including M S Scrap, waste and scrap of iron and steel, heavy melting scrap, shredded steelscrap, copper mould tube, HC silico manganese, HR coil, sponge iron and old & used MS plates. These MS Billetsare then used to produce TMT Bars. While iron and steel scrap are sourced from our own ship recycling unit, most ofthe other raw materials are sourced from external suppliers located in Gujarat, UAE, United Kingdom, USA andSingapore, on a sales contract basis. Our plant produces TMX bars in grades Fe 500, Fe 500 D, in sizes 8 MM, 10MM, 12 MM, 16 MM, 20 MM and 25 MM as well as 100 x 100 MS Billets. These TMT Bars are certified as a greenproduct by the CII - Green Products and Services Council.Our Ship Breaking Plant is located at Plot No. 158, Sosiya Ship Breaking Yard, Sosiya Village, Talaja Taluka,Bhavnagar – 364081, Gujarat. According to CARE report, India’s Alang ship-recycling yard, one of the largest in theworld, has over 140 recycling yards. India stands as the world’s second-largest player in the ship-recycling industry,only behind Bangladesh. The ship-recycling activities in India are also conducted in a limited manner at theKidderpore Docks, Syama Prasad Mookerjee Port, Kolkata; the Mumbai Port, and by the Steel Industrials KeralaLimited.
Use of Proceeds
1. funding the capital expenditure requirements of our Company towards expansion of manufacturing capacity of MS Billets by installation of induction melting system of 50 (1x50) tonnes at Survey No. 1016/2 and 1019 Paiky -B, Chamardi Village, taluka – Vallabhipur, Bhavnagar - 364310, Gujarat (“Proposed Melting Shop”); and2. General corporate purposes.
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IPO FAQs
The for the Sai Infinium Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
Sai Infinium Ltd. IPO shares are proposed to be listed on BSE.
Each Sai Infinium Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 93.68% of Sai Infinium Ltd. before the IPO.
- 1.funding the capital expenditure requirements of our Company towards expansion of manufacturing capacity of MS Billets by installation of induction melting system of 50 (1x50) tonnes at Survey No. 1016/2 and 1019 Paiky -B, Chamardi Village, taluka – Vallabhipur, Bhavnagar - 364310, Gujarat (“Proposed Melting Shop”)
- 2.General corporate purposes
Neomile Capital Advisors Pvt Ltd and Fedex Securities Pvt Ltd are the for the Sai Infinium Ltd. IPO.
Pre-apply means placing your Sai Infinium Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Sai Infinium Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Sai Infinium Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.