Saraswati Saree Depot IPO
Open MainLineCurrent GMP
₹42 (+26.25%)
Price Band
₹ 152 – 160
Lot Size
90
Issue Size
₹160.01 Cr
Minimum Investment
₹14400 (90 Shares)
Listing Date
20 August 2024
Subscription
107.52x
About the Company
Founded in 1966, Saraswati Saree Depot Limited is a key player in the sarees wholesale (B2B) segment and is also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average, more than 90% of the total revenues are generated from selling sarees. In Fiscal 2023, the company has served over 15,000 unique customers and has a product catalogue of over 3,00,000 different SKUs. The sarees are sourced from different manufacturers across India in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru.
Promoters
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.75%
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding working capital requirements of the company.
- General corporate purposes.
Address / Contact Info
Saraswati Saree Depot Limited
Sr No.144/1 Manademala,
Near Tawade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur - 416005
Phone: +919271009858
Email: cs@saraswatisareedepotlimited.com
Website: https://www.saraswatisareedepot.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 12 August 2024
IPO Close Date
Wednesday, 14 August 2024
Basis of Allotment
Friday, 16 August 2024
Initiation of Refunds
Monday, 19 August 2024
Credit of Shares to Demat
Monday, 19 August 2024
Listing Date
Tuesday, 20 August 2024 — NSE & BSE
Important Dates
Open Date
12 August 2024
Close Date
14 August 2024
Basis Of Allotment
16 August 2024
Listing Date
20 August 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 205.94 | 188.85 | 169.93 |
| Revenue | 612.58 | 603.52 | 550.31 |
| Profit After Tax | 29.53 | 22.97 | 12.31 |
| Net Worth | 64.91 | 35.38 | 12.41 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 43.49 | 41.43 | 66.62 |
EPS Pre
8.92%
EPS Post
7.46%
P/E Pre
17.94
P/E (Post Issue)
21.46x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 58.88 |
| ROCE % | 64.46 |
| Debt / Equity | 0.67 |
| RoNW % | 45.49 |
| PbW | 8.16 |
| Pat Margin % | 4.83 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 5000400 | 50 | 0 |
| Non-Institutional | 1500120 | 15 | 0 |
| BNII | 1000080 | 10 | 793 |
| SNII | 500040 | 5 | 396 |
| Retail Investors | 3500280 | 35 | 38892 |
| Total | 10000800 | 100 | 0 |
Subscription Status ( Sat, 17 Aug 24 05:28 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5000400 | 320647500 | 64.12x |
| Non-Institutional | 1500120 | 538014690 | 358.65x |
| BNII | 1000080 | 389312460 | 389.28x |
| SNII | 500040 | 148702230 | 297.38x |
| Retail Investors | 3500280 | 216580860 | 61.88x |
| Total | 10000800 | 1075243050 | 107.52x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | 14,400.00 |
| Retail (Max) | 13 | 1,170 | 187,200.00 |
| S-HNI (Min) | 14 | 1,260 | 201,600.00 |
| S-HNI (Max) | 69 | 6,210 | 993,600.00 |
| B-HNI (Min) | 70 | 6,300 | 1,008,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Saraswati Saree Depot IPO is a Book-building IPO worth ₹160.01 crores. The price band is ₹152 to 160 per share. The IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Saraswati Saree Depot IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024
Saraswati Saree Depot IPO Price Band is ₹152 to 160.
Saraswati Saree Depot IPO lot size is 90, and the minimum amount required for application is ₹14400.
The minimum investment for Saraswati Saree Depot IPO is approximately ₹14400 based on the upper price band.
To apply for the Saraswati Saree Depot IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 14, 2024. After submission, funds are blocked until the basis of allotment of Saraswati Saree Depot IPO is finalised.
Saraswati Saree Depot IPO issue size is ₹160.01 crores.
Saraswati Saree Depot IPO allotment date is Sat, Jun 27, 2026.
The registrar for Saraswati Saree Depot IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Saraswati Saree Depot IPO through their official website or helpline.
The Saraswati Saree Depot IPO GMP (Grey Market Premium) is ₹42 as of Sat, Aug 17, 2024. Based on the upper price band of ₹160 per share, the estimated Saraswati Saree Depot IPO listing price is ₹202, indicating a potential listing gain of approximately 31% over the issue price.