Company details

The company is actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of their discerning customers. The product line is specifically designed to encompass a wide range of kitchenware, including Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various types of utensils. They are also engaged in trading of basic raw material like S.S. Patta, S.S. Sheet, S.S. Coil, S.S. Scrap, S.S. Pipe, M.S. Round (Mild Steel Round) and M.S. beam and so on for their various customers. These products showcase the company’s commitment to providing high-quality stainless steel kitchenware that spans a wide spectrum of categories.

Sai Swami Metals and Alloys Limited oversees two subsidiaries, reflecting a diversified presence in the stainless steel kitchenware. One is Dhruvish Metal Industries LLP and other one is Bhagat Marketing Private Limited. Dhruvish Metal Industries LLP, incorporated on 27th February, 2021, operates as a manufacturing unit for utensils. This subsidiary initiated a new plant setup in 2022, specializing in the manufacturing of utensils with a daily capacity of 2 Tons.

Additionally, Bhagat Marketing Private Limited, a wholly-owned subsidiary incorporated in 1994, is predominantly owned by Sai Swami Metals and Alloys Limited. This subsidiary focuses on the trading of various stainless steel kitchenware products, including 90 Stain steel Pressure Cookers, Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, S.S. Sheets, S.S. Circles, and various types of utensils, all under the distinguished Dolphin Brand.

The company has strategically appointed highly experienced sales personnel for the job, complemented by their promoter’s extensive three-decade experience in this field. Through a network including 6 Distributors and more than 150 subdealers/stockiest/retailers and strategic alliances, they ensure the widespread availability of their products across Pan India, either through direct channels or reputable semi-wholesalers.

Additionally, their specialization in trading and marketing extends to special category products, further enhancing their presence and reputation in the market. The success of their endeavors is evident in their esteemed customer base. DOLPHIN has emerged as a well-respected consumer brand for all types of stainless steel kitchenware products and kitchen accessories.

Log in to the Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Sharekhan app

How to apply for an IPO on the Sharekhan website

Log in to the Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).