Sai Infinium IPO Details
MAINBOARD
Sai Infinium IPO DRHP (Draft Red Herring Prospectus) has been Offer Document Withdrawn.
Sai Infinium IPO total issue size comprises 1,96,00,000 shares . This includes a fresh issue of 1,96,00,000 shares . Pre-issue shareholding stands at 5,85,34,000, which will increase to 7,81,34,000 post-issue.
The Lead Managers for Sai Infinium IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Sarthi Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Sai Infinium Limited DRHP.
Sai Infinium IPO Details
Sai Infinium IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Sai Infinium IPO Reservation
Promoter Holding
Documents
Sai Infinium IPO Valuations
Sai Infinium Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 397.15 | 310.13 | 201.23 | 192.3 |
| Revenue | 381.26 | 475.79 | 520.61 | 155.04 |
| Profit After Tax | 47.91 | 12.28 | 1.37 | 3.22 |
| Net Worth | 274.67 | 153.79 | 91.31 | 62.66 |
| Reserves and Surplus | 216.13 | 101.12 | 63.18 | 36.3 |
| Total Borrowing | 49.2 | 90.68 | 82.35 | 113.2 |
| Amount in ₹ Crore | ||||
About Sai Infinium IPO
Incorporated in 2004, Sai Infinium Limited is engaged in three primary business segments: manufacturing of Mild Steel (MS) billets and Thermo Mechanically Treated (TMT) bars, ship breaking (recycling and dismantling), and investment in and sale of commercial real estate properties in Gujarat.
On March 30, 2024, Sai Infinium Private Limited and Fidelis International Private Limited (the “Merged Entities”) merged with Sai Infinium Limited, as approved by the National Company Law Tribunal (NCLT).
- Sai Infinium Private Limited was involved in the ship breaking business, which the company continues to operate.
- Fidelis International Private Limited was engaged in manufacturing and distributing pharmaceutical PET bottles and dealing in commodities, ferrous, and non-ferrous ores. This business has been discontinued by the company post-merger.
Manufacturing Operations
Sai Infinium Limited operates its manufacturing plant under the name Sai Infinium Steel Division.
- Location: Survey No. 1020/1021/1 Paiky-B, Charmardi Village, Taluka – Vallbhipur, Bhavnagar – 364310, Gujarat
- Area: 53,781 square meters
- Installed Capacity: 300 metric tons per eight-hour shift for the production of TMT bars and MS billets
Ship Breaking Operations
- Location: Plot No. 158, Sosiya Ship Breaking Yard, Sosiya Village, Talaja Taluka, Bhavnagar – 364081, Gujarat
Real Estate Activities
In addition to its core manufacturing and ship recycling businesses, the company is involved in the buying, selling, and leasing of commercial real estate properties in Gujarat. The focus is on acquiring high-value commercial properties for capital appreciation or rental income generation.
Workforce
As of December 31, 2024, Sai Infinium Limited had a total workforce of 362 employees, including:
- 284 permanent employees
- 78 contractual workers
Historical headcount:
- Fiscal Year 2024: 283 employees
- Fiscal Year 2023: 84 employees
- Fiscal Year 2022: 69 employees
Strength Of Sai Infinium IPO
Risk Of Sai Infinium IPO
Objectives Sai Infinium IPO
1. Funding of capital expenditure requirements towards setting up of the 17.4 MW Hybrid Power Plant - Gangiyavadar, Wankaner, Gujarat
2. Funding of capital expenditure requirements towards setting up of the Mild Steel (“MS”) Structures Rolling Mill – Bhavnagar, Gujarat;
3. Purchase of Cargo Vessel (“Ship Corsica”) for Ship Breaking Plant – Alang, Bhavnagar, Gujarat;
4. General Corporate Purposes
Company Contact Details
Sai Infinium Limited
3 rd Floor, Plot No. 2137, Bansal House,
Near Golden Arc, Atabhai Chowk,
Bhavnagar - Gujarat, India
Bhavnagar, Gujarat
Phone: 02782565062
Email: bandhan@infiniumgroup.in
Website: http://www.bandhanglobal.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Sai Infinium IPO - FAQs
The Sai Infinium IPO is a MAINBOARD public issue comprising 19600000 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.