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
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 5000400 | 320647500 | 64.12 |
| FIIs | - | 83200410 | - |
| DIIs | - | 127562580 | - |
| Mutual funds | - | 20160 | - |
| Others | - | 101588760 | - |
| HNIs | 1500120 | 538014690 | 358.65 |
| HNIs 10+ | 1000080 | 389312460 | 389.28 |
| HNIs 2+ | 500040 | 148702230 | 297.38 |
| Retail | 3500280 | 216580860 | 61.88 |
| Total | 10000800 | 1075243050 | 107.52 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 794 | 59288 | 74.67 |
| HNIs (2-10L) | 397 | 113239 | 285.24 |
| Retail | 38892 | 2008421 | 51.64 |
| Total Applications: 2180948 | |||
| © IPO Premium | |||
| Subscription Details (in cr) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 80.01 | 5130.36 | 64.12 |
| FIIs | - | 1331.21 | - |
| DIIs | - | 2041 | - |
| Mutual funds | - | 0.32 | - |
| Others | - | 1625.42 | - |
| HNIs | 24 | 8608.24 | 358.65 |
| HNIs 10+ | 16 | 6229 | 389.28 |
| HNIs 2+ | 8 | 2379.24 | 297.38 |
| Retail | 56 | 3465.29 | 61.88 |
| Total | 160.01 | 17203.89 | 107.52 |
| 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 |
This IPO does not have a quota reservation for anchor investors.
Saraswati Saree Depot IPO Details
| Issue Size | 10,800,000 shares (aggregating up to ₹160.01 Cr) |
| Fresh Issue | 3,501,000 shares (aggregating up to ₹56.02 Cr) |
| Offer for Sale | 6,499,800 shares of ₹10 (aggregating up to ₹104.00 Cr) |
| Face Value | 10/- per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 33,100,000 |
| Share holding post issue | 36,601,000 |
Saraswati Saree Depot IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 |
|---|---|---|
| ROE | 58.88% | 96.15% |
| ROCE | 64.46% | 98.03% |
| RONW | 45.49% | 64.93% |
| D/E | 0.67 | 1.17 |
| EPS (basic) | 8.92 | 6.94 |
| 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.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 205.94 | 188.85 | 169.93 |
| Revenue | 612.58 | 603.52 | 550.31 |
| Profit | 29.53 | 22.97 | 12.31 |
| Net Worth | 64.91 | 35.38 | 12.41 |
| Borrowing | 43.49 | 41.43 | 66.62 |
| Amount in ₹ Crore | |||
About Company
Unistone Capital Pvt Ltd
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.
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.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html