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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×
Current price₹66.62
Listing price ₹194
Watch live price ↗
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

CategoryLotsSharesAmount
RETAIL190₹14,400
sHNI141,260₹2,01,600
bHNI706,300₹10,08,000

Share reservation

QIB50%
HNI15%
RETAIL35%

Subscription & GMP

Subscription by category

Total subscribed107.52×

Missing multiples are calculated from bids and offered shares when available.

QIB64.12×
NIB358.65×
HNIs(10L +)389.28×
HNIs (2-10L)297.38×
RETAIL61.88×

GMP history

020401 Mar: ₹4021 Nov: ₹40
1 Mar₹4021 Nov

Subscription demand

Amounts in ₹ crore. HNI subcategories are included in the NII total.

CategoryOfferedDemand
QIBs80.015,130.36
RETAIL563,465.29
NIB248,608.24
HNIs 2+82,379.24
HNIs 10+166,229

Financial performance

Company financials

In Crores · Reported periods may include interim results.

Revenue & profit In Crores
0200400600800Mar-22 · Revenue: 550.31Mar-22 · Profit after tax: 12.31Mar-22Mar-23 · Revenue: 603.52Mar-23 · Profit after tax: 22.97Mar-23Mar-24 · Revenue: 612.58Mar-24 · Profit after tax: 29.53Mar-24
RevenueProfit after tax

Key performance indicators

MetricMar-24 Mar-23
EPS8.926.94
ROE58.8896.15
ROCE64.4698.03
RONW45.4964.93
PRE IPO(PE)23.050
POST IPO(PE)27.580

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

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.