The SME IPO of Sampat Aluminium Limited was open for subscription from September 17 to 19 and received massive demand from investors.
On the first day, it was subscribed 3.60 times.
On the second day, the subscription rose to 10.47 times.
On the final day, the IPO saw a big jump, with overall subscription reaching 169.09 times.
Category-wise subscription:
Retail investors: 161.68 times
NII (Non-Institutional Investors): 295.88 times
QIB (Qualified Institutional Buyers): 87.02 times
Allotment, Listing, and Refunds
Allotment date: September 22
Credit to Demat accounts: September 23
Refunds/unblocking: For investors who don’t get shares, refunds will also start on September 23
Listing date: September 24 on BSE SME
How to check allotment status:
Visit the Cameo Corporate Services Limited website (IPO registrar).
Select the company name from the dropdown menu.
Choose PAN number or application number option.
Enter details, fill the captcha, and submit.
GMP and Listing Price Expectations
The IPO price band was ₹114–120.
Current GMP (Grey Market Premium) is ₹13, about 10.8% higher than the cap price.
Based on this, the estimated listing price is around ₹133, which may bring profits for investors.
However, GMP keeps changing. The highest GMP was ₹22 on the opening day, which has since come down.
Company Profile and Financials
Founded: 1999
Business: Manufacturing aluminum wire rods and other products using the Properzi Process (continuous casting and hot-rolling).
Products: Mainly long aluminum items like wires and rods.
Uses: Power distribution, transformer manufacturing, and industrial applications (due to aluminum’s lightweight, corrosion resistance, and good conductivity).
Manufacturing unit: Kalol, Gujarat with a capacity of 8,400 MTPA.
Financial performance:
FY25 revenue: ₹133 crore (up 11%)
FY25 profit after tax: ₹6.93 crore (up 5%)
For FY26 till July 31, 2025: Revenue ₹52.30 crore, Profit after tax ₹3.35 crore
IPO fund usage:
Majority for a new manufacturing plant in Gujarat.
Remaining for general corporate purposes.
