Saraswati Saree Depot Limited (MAINBOARD)

Aug 12, 2024 - Aug 14, 2024

Price ₹152 - ₹160
Premium ₹40
Lot size 90
Allotment Aug 16, 2024
Listing Aug 20, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 90 14400 38892
sHNI 14 1260 201600 397
bHNI 70 6300 1008000 794

Last updated on 14-Aug-2024 19:01:03

CategoryOfferedAppliedTimes
QIBs500040032064750064.12
FIIs-83200410-
DIIs-127562580-
Mutual funds-20160-
Others-101588760-
HNIs1500120538014690358.65
 HNIs 10+1000080389312460389.28
 HNIs 2+500040148702230297.38
Retail350028021658086061.88
Total100008001075243050107.52
Application Wise Breakup (Approx)
CategoryReservedAppliedTimes
HNIs (10L+)7945928874.67
HNIs (2-10L)397113239285.24
Retail38892200842151.64
Total Applications: 2180948
© IPO Premium
Subscription Details (in cr)
CategoryOfferedDemandTimes
QIBs80.015130.3664.12
FIIs-1331.21-
DIIs-2041-
Mutual funds-0.32-
Others-1625.42-
HNIs248608.24358.65
HNIs 10+166229389.28
HNIs 2+82379.24297.38
Retail563465.2961.88
Total160.0117203.89107.52
QIB Interest Cost per share (7 Days)
@7%
₹13.77
@8%
₹15.74
@9%
₹17.71
@10%
₹19.68
@11%
₹21.64
@12%
₹23.61
About

This IPO does not have a quota reservation for anchor investors.

Saraswati Saree Depot IPO Details

Issue Size10,800,000 shares
(aggregating up to ₹160.01 Cr)
Fresh Issue3,501,000 shares
(aggregating up to ₹56.02 Cr)
Offer for Sale6,499,800 shares of ₹10
(aggregating up to ₹104.00 Cr)
Face Value10/- per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue33,100,000
Share holding post issue36,601,000

Saraswati Saree Depot IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

Key Performance Indicator

KPIMar-24Mar-23
ROE58.88%96.15%
ROCE64.46%98.03%
RONW45.49%64.93%
D/E0.671.17
EPS
(basic)
8.926.94
P/E
Pre IPO
23.05
P/E
Post IPO
27.58

Company Financials

Saraswati Saree Depot Limited Financial Information (Restated)

Saraswati Saree Depot Limited's revenue increased by 9.67% and profit after tax (PAT) rose by 86.66% between the financial year ending with March 31, 2023 and March 31, 2022.

PeriodMar 2024Mar 2023Mar 2022
Assets205.94188.85169.93
Revenue612.58603.52550.31
Profit29.5322.9712.31
Net Worth64.9135.3812.41
Borrowing43.4941.4366.62
Amount in ₹ Crore

About Company

Incorporated in 1996, Saraswati Saree Depot Limited specializes in the manufacturing and wholesale of women's apparel. The company's primary business focuses on the sarees wholesale (B2B) segment, providing a wide range of sarees to retailers and other businesses. Besides sarees, Saraswati Saree Depot Limited also engages in the wholesale distribution of various other women's apparel, including kurtis, dress materials, blouse pieces, lehengas, and bottoms. This diverse product range allows the company to cater to a broad spectrum of customer preferences and maintain a significant presence in the women's apparel market.
Lead Manager(s)

Unistone Capital Pvt Ltd

Strength

Diversified Supplier and Customer Base: The company maintains strong relationships with over 900 weavers and suppliers across India, minimizing dependency on a few suppliers. Its top customers and suppliers represent only a small portion of its revenue and purchases, indicating a well-diversified customer base.
 

Vast and Versatile Product Portfolio: Specializing in women's apparel, the company offers a wide range of products, particularly sarees, categorized by occasion, fabric, weave, pattern, and ornamentations. Sarees significantly contribute to revenue, with a focus on trending designs and high quality.

 

Bulk Buying Capability: With a catalogue of over 300,000 SKUs and two large stores, the company can purchase products in large quantities, ensuring consistent inventory availability and cost savings.

Weakness

Dependence on Saree Sales: The company's business is highly concentrated on the sale of women's sarees, making it vulnerable to variations in demand. Any changes in consumer preferences could adversely affect business operations and financial condition.
 

Geographic Concentration: Operating out of two stores in Maharashtra, the company is susceptible to localized social unrest, natural disasters, or service breakdowns in and around the region, which could materially affect business and financial stability.
 

High Competition: The company operates in highly competitive markets across its product segments. An inability to compete effectively could negatively impact business operations, results, and financial condition.

Registrar
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Email: ipo@bigshareonline.com
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