SD Retail Limited (NSE SME)

Sep 20, 2024 - Sep 24, 2024

Price ₹124 - ₹131
Premium ₹20
Lot size 1000
Allotment Sep 26, 2024
Listing Sep 27, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1000 131000 1649
HNI 2 2000 262000 707

Last updated on 24-Sep-2024 18:33:02

CategoryOfferedAppliedTimes
QIB9420006579100069.84
NIB707000147047000207.99
RETAIL164900010771700065.32
Total329800032055500097.2
Retail Apps107717© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹36.58
@8%
₹41.8
@9%
₹47.03
@10%
₹52.25
@11%
₹57.48
@12%
₹62.7
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.25%1649000
NII (HNI)14.25%707000
Anchor28.47%1412000
QIB18.99%942000
Market Maker5.04%250000
Total 100.00%4960000

SD Retail Logo IPO Details

Issue Size4,960,000 shares
(aggregating up to ₹64.98 Cr)
Fresh Issue4,960,000 shares
(aggregating up to ₹64.98 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue13,762,386
Share holding post issue18,722,386
Market Maker portion250,000 shares
Spread X Securities

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE6.29%13.42%40.69%
ROCE15.61%14.41%27.94%
RONW18.18%12.58%33.81%
D/E1.040.60.62
EPS
(basic)
5.523.137.35
P/E
Pre IPO
23.73
P/E
Post IPO
32.28

Company Financials

SD Retail Limited Financial Information (Restated)

Period EndedMar-24Mar-23Mar-22
Assets12,225.548,835.657,759.56
Revenue16,328.4813,568.8612,873.65
Profit After Tax759.76430.171,011.06
Net Worth4,179.983,420.222,990.04
Reserves and Surplus4,054.873,357.662,927.49
Total Borrowing4,354.722,051.311,844.13
Amount in Lakhs

About Company

S D Retail Limited, established in May 2004, is a prominent player in the sleepwear industry, operating under the brand name "SWEET DREAMS." The company designs, manufactures, and markets stylish and comfortable sleepwear for men, women, and children aged 2-16, catering to various body types and celebrating the transition from work to home life. SWEET DREAMS products are distributed through a mix of exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and major e-commerce platforms such as Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, both within India and internationally. Embracing an asset-light model, S D Retail Limited manages its sales operations efficiently without owning the properties of its retail locations, enabling scalable expansion of its EBOs. As of May 31, 2024, the company employs 240 individuals across diverse departments.

Lead Manager(s)

Beeline Capital Advisors Pvt Ltd

Strength

Multi-Channel Distribution Network: S D Retail Limited leverages a comprehensive pan-India distribution network, including exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and major e-commerce platforms, enhancing its market reach and customer accessibility.

Asset-Light Model: The company's scalable asset-light model minimizes capital expenditure on property ownership, allowing for efficient expansion and operational flexibility while maintaining strong unit economics.

Scalable Business Model: The combination of a flexible asset-light approach and a diverse sales strategy supports significant scalability, facilitating rapid growth and adaptation to market demands.

Weakness

Brand Dependence: Heavy reliance on the "SWEET DREAMS" brand means any decline in brand perception or ineffective marketing could significantly impact consumer footfall and harm the company’s financial health.

Market Vulnerability: Concentration on women's sleepwear makes the company susceptible to fluctuations in demand and shifts in consumer preferences, potentially affecting business performance and financial stability.

Competitive Pressure: Intense competition in both offline and online channels, along with pricing pressure, could erode profit margins, impacting revenue, gross margin, and overall profitability.

Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/