Sai Infinium Limited Announces IPO with Offer for Sale
Sai Infinium Limited has announced its Draft Red Herring Prospectus (DRHP) for an upcoming Initial Public Offering (IPO). This IPO is a fresh issue of 1.96 Crore Shares. This article provides a detailed overview of the company, its financials, and the IPO structure.
Company Overview
Sai Infinium Limited, established in 2004, operates in MS Billets & TMT Bar manufacturing, ship breaking, and real estate. The company boasts a strong CAGR of 74.3% in revenue from operations between FY22 and FY24.
Sai Infinium’s total assets have shown considerable growth, and the company achieved a CAGR of 46.8% in EBITDA during FY22-FY24. Specifically, Sai Infinium has increased its focus on TMT Bar production using the Hot Rolling process, reducing costs and improving margins. Their EBITDA margin averaged 8.1% from FY22 to FY24, and in H1’25, the PAT margin reached 18.3%.
Furthermore, Sai Infinium has significantly reduced its debt-to-equity ratio, showcasing improved financial health. Revenue from operations reached 47.27 Crore in FY24, primarily from billet and TMT sales. The company’s ship breaking plant in Alang has a cutting capacity of up to 30,000 MT annually.
Key Achievements
- Strong CAGR of 74.3% in revenue from operations between FY22 and FY24.
- Achieved a CAGR of 46.8% in EBITDA during FY22-FY24.
- Focus on TMT Bar production using the Hot Rolling process, reducing costs and improving margins.
- EBITDA margin averaged 8.1% from FY22 to FY24, and in H1’25, the PAT margin reached 18.3%.
- Significantly reduced its debt-to-equity ratio, showcasing improved financial health.
Financial Overview (In Lakhs)
The following table summarizes the key financial data for Sai Infinium Limited:
| Particulars | December 31 2024 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|---|
| Assets | 3971.51 | 3101.30 | 2012.28 | 1923.04 |
| Revenue | 3647.28 | 4727.43 | 5184.27 | 1543.00 |
| Profit After Tax | 328.42 | 90.54 | 10.74 | 23.41 |
| Net Worth | 2746.65 | 1537.87 | 913.10 | 626.63 |
| Reserves and Surplus | 2161.31 | 1011.22 | 631.82 | 362.99 |
| Total Borrowing | 492.00 | 906.79 | 823.48 | 1131.96 |
Offer for Sale and IPO Structure
The IPO consists of fresh issue of 19600000 equity shares. The allocation of shares for different investor categories is as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
The shares will be listed on the BSE and NSE.
Lead Managers and Registrar
The lead manager for the Sai Infinium Limited IPO is Sarthi Capital Advisors Private Limited.
The registrar for the IPO is KFin Technologies Limited.
Conclusion
Sai Infinium Limited’s IPO presents an opportunity to invest in a growing company with a diverse business model. Investors are encouraged to stay updated on the IPO launch date and consider this investment opportunity. Keep an eye on further announcements for the IPO dates and price band.