SD Retail Limited
Bookbuilding IPO · NSE
- Price band
- ₹124 - ₹131
- Lot size
- 1,000 shares
- Issue amount
- ₹64.98 cr
- Total subscription
- 97.2×
- Opens
- 20 Sept 2024
- Closes
- 24 Sept 2024
- Allotment
- 26 Sept 2024
- Listing
- 27 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 49,60,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,000
- Fresh issue
- ₹64.98 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,31,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,37,62,386
- Shares after issue
- 1,87,22,386
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,31,000 |
| HNI | 2 | 2,000 | ₹2,62,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 12.34 | 861.86 |
| RETAIL | 21.6 | 1,411.09 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 5.52 | 3.13 | 7.35 |
| ROE | 6.29 | 13.42 | 40.69 |
| ROCE | 15.61 | 14.41 | 27.94 |
| RONW | 18.18 | 12.58 | 33.81 |
| PRE IPO(PE) | 23.73 | 0 | 0 |
| POST IPO(PE) | 32.28 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
S D Retail Limited, established in May 2004, operates in the sleepwear industry under the brand “SWEET DREAMS,” designing and selling comfortable and stylish nightwear for men, women, and children aged 2-16. Its products are sold through exclusive brand outlets, multi-brand outlets, and leading e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, as well as its own website in India and overseas. The company follows an asset-light model for its retail expansion, which allows it to grow without owning store properties. As of May 31, 2024, it employs 240 people.
Strengths
- Strong Distribution Reach: Presence across EBOs, MBOs, and major e-commerce platforms boosts nationwide accessibility.
- Asset-Light Strategy: Low capex model supports efficient expansion and cost-effective operations.
- Scalable Model: Flexible structure enables rapid growth and quick adaptation to market demand trends.
Risk factors
- Brand Dependence: Heavy reliance on the “SWEET DREAMS” brand — any negative impact to brand image could hurt revenues.
- Product Concentration: Focus mainly on women’s sleepwear makes the business vulnerable to demand shifts and changing consumer preferences.
- High Competition: Strong competition in both offline and online markets may lead to pricing pressure and margin erosion.
Promoters
Mr. Hitesh Pravinchandra Ruparelia
Mr. Utpalbhai Pravinchandra Ruparelia
M/s. Sweet Dreams Loungewear (India)
LLP (Formerly known as Sweet Dreams Loungewear (India) Private Limited)
M/s. Grace Garments LLP
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C-929, Stratum at Venus ground, Nr. Jhansi Ki Rani Statue, Nehrunagar, Ambawadi, Ahmedabad -380006
+91 7043106787
[email protected]Company website ↗Understanding SDREAMS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.