Sai Infinium Ltd. IPO Details
Sai Infinium was incorporated on August 16, 2004. The company operates in three key segments: MS Billets & TMT Bar manufacturing, ship breaking, and commercial real estate. It acquires prime properties for sale or lease to generate income and capital gains
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 19.6 M | - | - | ₹0 | DRHP DOC |
Sai Infinium issue details
Sai Infinium has 19.6 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Sai Infinium IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Sai Infinium NUMBER OF SHARES ON OFFER
Sai Infinium FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY25 | 328.4 | 3,647.3 | -278.5 | -369.0 | 18.1% |
| FY24 | 90.5 | 4,727.4 | -155.1 | -355.4 | 8.3% |
| FY23 | 10.7 | 5,184.3 | 484.9 | 142.9 | 6.0% |
| FY22 | 23.4 | 1,543.0 | -187.1 | -783.2 | 11.4% |
Sai Infinium INFORMATION ON IPO ISSUE
About Sai Infinium
Sai Infinium was incorporated on August 16, 2004. The company operates in three key segments: MS Billets & TMT Bar manufacturing, ship breaking, and commercial real estate. It acquires prime properties for sale or lease to generate income and capital gains
Object of the Issue
- Funding of capital expenditure requirements towards setting up of the 17.4 MW Hybrid power plant - Gujarat
- Funding of capital expenditure requirements towards setting up of the Mild Steel (“MS”) structures rolling mill, Gujarat
- Purchase of cargo vessel (“Ship - Corsica”) for ship breaking plant, Gujarat
- General corporate purposes
Sai Infinium - PROMOTERS
| Name |
|---|
| Shivnarayan Bansal |
| Ishu Shivnarayan Bansal |
| Devansh Infinium Private Limited |
Sai Infinium Book Running Lead Manager
Sarthi Capital Advisors Private Limited
ipo@sarthiwm.in
Sai Infinium Registrar to the Offer
KFin Technologies Limited
sai.ipo@kfintech.com
Sai Infinium Strengths
Raw material sourcing
The major raw material for billet manufacturing is steel scrap, sourced locally from Alang shipyards (24.32%) and the company’s own recycling unit (1.44%) during 9MFY25. This local sourcing offers cost benefits and logistical advantages
Certified as green products
The plant manufactures TMX bars (Fe 500, Fe 500 D) in sizes 8–20 MM and 100x100 MS Billets. These TMT bars are CII-certified as green products, a key criterion in many government tenders and procurement guidelines
Ability to mitigate operational risk
The company earns revenue from steel manufacturing, ship recycling, and real estate, helping diversify risks. This multi-stream approach ensures consistent cash flow and financial stability despite market fluctuations or raw material issues
Sai Infinium Risks
Manufacturing risks
The company’s operations rely heavily on its Manufacturing and Ship Breaking Plants. Any slowdown or shutdown at these facilities may negatively impact business performance and financial stability
Competition
The company operates in a highly competitive industry, where pricing pressure and market rivalry may impact margins, market share, and overall financial performance. It competes mainly on service quality, customer satisfaction, and marketing
Environmental risks
India’s ship-recycling industry faces environmental, regulatory, and economic challenges. Prolonged disruptions in this segment could adversely impact the company’s operations and financial results
IPO FAQs
The promoters of the company are Shivnarayan Bansal, Ishu Shivnarayan Bansal and Devansh Infinium Private Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.