Saraswati Saree Depot IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 12 Aug 2024
Close Date
Wed, 14 Aug 2024
Price Band
₹ 152 – 160
Lot Size
90
Issue Size
₹ 160.01 Cr
Minimum Investment
₹ 14,400 (90 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Saraswati Saree Depot IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹160.01 Crore, comprising a fresh issue of 65.00 Lakh equity shares aggregating to ₹104.00 Crore and an offer for sale (OFS) of 35.01 Lakh equity shares aggregating to ₹56.02 Crore by the existing shareholders.
The Saraswati Saree Depot IPO remained open for subscription from August 12, 2024, to August 14, 2024. The basis of allotment was finalized on August 16, 2024, and the company's shares were listed on the NSE and BSE on August 20, 2024.
The company had fixed the price band at ₹152 to ₹160 per share, with a lot size of 90 shares. Retail investors were required to make a minimum investment of ₹14,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Saraswati Saree Depot Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Saraswati Saree Depot IPO Timeline (Tentative)
- IPO Open Date
- Mon, 12 Aug 24
- IPO Close Date
- Wed, 14 Aug 24
- Basis of Allotment
- Fri, 16 Aug 24
- Initiation of Refunds
- Mon, 19 Aug 24
- Credit of Shares to Demat
- Mon, 19 Aug 24
- Listing Date
- Tue, 20 Aug 24 — NSE & BSE
Open Date
12 August 2024
Close Date
14 August 2024
Basis Of Allotment
16 August 2024
Listing Date
20 August 2024
IPO Subscription
Check Live Subscription →The Saraswati Saree Depot IPO has received bids for 1,07,52,43,050 shares against 1,00,00,800 shares offered, resulting in an overall subscription of 107.52x. the NII category is subscribed 358.65x, Retail Investors 61.88x, and QIBs 64.12x. Within the NII category, BNII is subscribed 389.28x, while SNII is subscribed 297.38x.
QIB
64.12x
NII
358.65x
BNII
389.28x
SNII
297.38x
RII
61.88x
Total
107.52x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 35,00,280 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 50,00,400 shares (50%), while Non-Institutional Investors (NIIs) receive 15,00,120 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 5,000,400 | 50% |
| Non-Institutional | 1,500,120 | 15% |
| BNII | 1,000,080 | 10% |
| SNII | 500,040 | 5% |
| Retail Investors | 3,500,280 | 35% |
| Total | 10,000,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Saraswati Saree Depot Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Saraswati Saree Depot Limited
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.
Saraswati Saree Depot IPO 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%
Saraswati Saree Depot IPO Objective
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.
Saraswati Saree Depot Limited Address / Contact Details
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
Saraswati Saree Depot IPO Lot Size
The Saraswati Saree Depot IPO has a lot size of 90 shares. Retail investors require a minimum investment of ₹14,400 by applying for 1 lot (90 shares). The maximum application allowed for the retail category is 13 lots (1,170 shares), requiring an investment of ₹1,87,200.
| 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 |
Issue Reservation
- QIB — 50%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Saraswati Saree Depot IPO?
Saraswati Saree Depot IPO is a Book-building IPO with a total issue size of ₹160.01 crore. The Saraswati Saree Depot IPO price band is ₹152 to 160 per share. The Saraswati Saree Depot IPO subscription opens on Mon, Aug 12, 2024, and closes on Wed, Aug 14, 2024. The Saraswati Saree Depot IPO will be listed on the NSE,BSE. Bigshare Services Pvt Ltd is the registrar for the Saraswati Saree Depot IPO.
When will the Saraswati Saree Depot IPO open for subscription?
The Saraswati Saree Depot IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024
What is Saraswati Saree Depot IPO Price Band?
Saraswati Saree Depot IPO Price Band is ₹152 to 160 per share.
What is Saraswati Saree Depot IPO Lot Size?
Saraswati Saree Depot IPO lot size is 90 shares, Retail investors need a minimum investment of ₹14400 based on the upper price band
What is the minimum investment for Saraswati Saree Depot IPO?
The minimum investment for Saraswati Saree Depot IPO is ₹14400, based on one lot of 90 shares at the upper price band of ₹160 per share.
How to apply for Saraswati Saree Depot IPO?
Investors can apply for the Saraswati Saree Depot IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 14, 2024. The application amount remains blocked until the Saraswati Saree Depot IPO allotment is finalized.
What is Saraswati Saree Depot IPO Issue Size?
Saraswati Saree Depot IPO issue size is ₹160.01 crores.
What is the Saraswati Saree Depot IPO Allotment Date?
Saraswati Saree Depot IPO allotment date is Fri, Aug 16, 2024.
Who is the Saraswati Saree Depot IPO Registrar?
The registrar for Saraswati Saree Depot IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Saraswati Saree Depot IPO allotment status, refund processing, and other IPO-related information.
What is the Saraswati Saree Depot IPO GMP?
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 26.25% over the issue price.
Who is the Saraswati Saree Depot IPO Lead Manager?
The book-running lead managers (BRLMs) for the Saraswati Saree Depot IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Saraswati Saree Depot IPO Red Herring Prospectus (RHP).