Saraswati Saree Depot Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹152 - ₹160
- Lot size
- 90 shares
- Issue amount
- ₹160.01 cr
- Total subscription
- 107.52×
- Opens
- 12 Aug 2024
- Closes
- 14 Aug 2024
- Allotment
- 16 Aug 2024
- Listing
- 20 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 1,00,00,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,680
- Fresh issue
- ₹104 cr
- Offer for sale
- ₹56.02 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,31,00,000
- Shares after issue
- 3,95,99,800
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 90 | ₹14,400 |
| sHNI | 14 | 1,260 | ₹2,01,600 |
| bHNI | 70 | 6,300 | ₹10,08,000 |
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 | 80.01 | 5,130.36 |
| RETAIL | 56 | 3,465.29 |
| NIB | 24 | 8,608.24 |
| HNIs 2+ | 8 | 2,379.24 |
| HNIs 10+ | 16 | 6,229 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 |
|---|---|---|
| EPS | 8.92 | 6.94 |
| ROE | 58.88 | 96.15 |
| ROCE | 64.46 | 98.03 |
| RONW | 45.49 | 64.93 |
| PRE IPO(PE) | 23.05 | 0 |
| POST IPO(PE) | 27.58 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Saraswati Saree Depot Limited, established in 1996, is a leading manufacturer and wholesaler of women's apparel, specializing in the B2B saree market. Along with sarees, the company also distributes kurtis, dress materials, blouse pieces, lehengas, and bottoms, catering to diverse customer preferences. With a strong presence in the women's apparel industry, Saraswati Saree Depot continues to serve retailers and businesses with a wide range of high-quality products.
Strengths
- Wide Supplier and Customer Network: The company works with over 900 weavers and suppliers across India, reducing reliance on a few key partners. With a well-diversified customer base, no single buyer or supplier dominates its revenue.
- Extensive Product Range: Specializing in women’s apparel, especially sarees, the company offers a variety of styles based on occasion, fabric, weave, and design trends, ensuring high quality and customer appeal.
- Strong Bulk Buying Power: With over 300,000 SKUs and two large stores, the company efficiently stocks inventory in large quantities, keeping costs low and products readily available.
Risk factors
- Heavy Dependence on Sarees: Since the business focuses mainly on women's sarees, changes in fashion trends or customer preferences could impact sales and growth.
- Limited Geographic Reach: With only two stores in Maharashtra, any local disruptions—like social unrest or natural disasters—could affect business operations and financial stability.
- Tough Market Competition: The company operates in a highly competitive industry, so staying ahead is crucial to maintaining strong sales and profitability.
Promoters
Mr. Shankar Dulhani
Mr. Mahesh Dulhani
Mr. Rajesh Dulhani
Mr. Vinod Dulhani
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur – 416005
+919271009858
[email protected]Company website ↗Understanding SSDL 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.