Saraswati Saree Depot IPO Date, Details, Allotment and Analyses

Saraswati Saree Depot (SSDL) is set to launch its initial public offering (IPO) to raise approximately ₹160.01 crores. This IPO consists of a fresh issue of 0.65 crore shares, totalling ₹104.00 crores, and an offer for the sale of 0.35 crore shares, amounting to ₹56.02 crores. The subscription period for the Saraswati Saree Depot IPO will open on August 12, 2024, and will close on August 14, 2024.

The allotment of shares is expected to be finalized on August 16, 2024, with the shares anticipated to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by August 20, 2024. The price band for the Saraswati Saree Depot IPO is set between ₹152 and ₹160 per share. Retail investors can apply for a minimum of 90 shares, which requires an investment of ₹14,400. For small non-institutional investors (sNII), the minimum investment is 14 lots (1,260 shares), totalling ₹201,600, while for big non-institutional investors (bNII), the minimum is 70 lots (6,300 shares), amounting to ₹1,008,000.

Saraswati Saree Depot IPO Details

Open Date	August 12, 2024
Close Date	August 14, 2024
IPO Size	Aggrecating of ₹160.01 Cr.
Face Value	₹10 per share
Fresh Issue	7,245,000 share
IPO Price Band	₹152 to ₹160 per share
IPO Listing on	BSE NSE
Lot Size	90 Shares
OFS	3,555,000 shares
Share Offered to Retail	10%
Share Offered to QIB	75%
Share Offered to HNI	15%

Saraswati Saree Depot IPO Date

• IPO Open Date: August 12, 2024
• IPO Close Date: August 14, 2024
• Allotment: August 16, 2024
• Refunds: August 19, 2024
• Shares Credit to Demat: August 19, 2024
• Listing Date: August 20, 2024

Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	90	₹14,400
Retail (Max)	13	1170	₹187,200
S-HNI (Min)	14	1,260	₹201,600
S-HNI (Max)	69	6,210	₹993,600
B-HNI (Min)	70	6,300	₹1,008,000

Promoter Holding

The promoters of Saraswati Saree Depot IPO are Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani. Prior to the issue, they hold 100.00% of the company’s shares.

Saraswati Saree Depot IPO GMP (Grey Market Premium)

If you want to know Saraswati Saree Depot IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.

Saraswati Saree Depot IPO Subscription Status

Saraswati Saree Depot IPO subscription starts on August 12, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Saraswati Saree Depot IPO Allotment Status

To check the Saraswati Saree Depot IPO allotment status go to the IPO registrar website ”Bigshare Services Private Limite” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

1. Go to the Link given above.
2. Select the IPO Name
3. Enter your PAN/ DP ID/ Application No
4. Submit details and get the allotment status.

Know About Company

Saraswati Saree Depot Limited (SSDL) is a public limited company based in Kolhapur, Maharashtra, India. It was incorporated on March 18, 2021, and is classified as a non-government entity. The company specializes in the wholesale distribution of women’s ethnic wear, particularly sarees, kurtis, lehengas, and dress materials. As of the latest reports, SSDL has an authorized capital of ₹41 crores and a paid-up capital of ₹33.10 crores.

The company’s operating revenues exceeded ₹500 crores for the financial year ending March 31, 2023, with a significant increase in its earnings before interest, taxes, depreciation, and amortization (EBITDA) by 63.35% compared to the previous year.

Saraswati Saree Depot Limited Financial Information

The financial data for Saraswati Saree Depot Limited for the periods ending March 31, 2023, and March 31, 2022:

Financial Metric	Period Ended 31 Mar 2023	Period Ended 31 Mar 2022
Assets	₹188.85 Crore	₹169.93 Crore
Revenue	₹603.52 Crore	₹550.31 Crore
Profit After Tax (PAT)	₹22.97 Crore	₹12.31 Crore
Net Worth	₹35.38 Crore	₹12.41 Crore
Total Borrowing	₹41.43 Crore	₹66.62 Crore

KPI Of Saraswati Saree Depot Limited

Certainly! Here is the table with all monetary amounts converted to ₹ Crore:

Metric	Fiscal 2023 (₹ Crore)	Fiscal 2022 (₹ Crore)
Revenue From Operations	601.89	549.58
Total Income	603.52	550.31
EBITDA	34.05	20.85
EBITDA Margin (%)	5.66%	3.79%
Profit/(Loss) After Tax	22.97	12.31
Net Profit Ratio/ Margin (%)	3.82%	2.24%
Return on Equity (ROE) (%)	96.15%	196.81%
Debt to Equity Ratio	1.17	5.37
Interest Coverage Ratio	9.09	4.67
Return on Capital Employed (ROCE) (%)	98.03%	169.07%
Current Ratio	1.19	1.06
Net Capital Turnover Ratio	2.06	1.59

Saraswati Saree Depot IPO valuation details for FY2023

Metric	Value
Earnings Per Share (EPS)	₹6.94 per Equity Share
Price/Earnings (P/E) Ratio	23.05
Return on Net Worth (RoNW)	64.93%
Net Asset Value (NAV)	₹10.69 per Equity Share

Objects of the Issue

1. Funding working capital requirements of our Company; and
2. General corporate purposes

Peer Group

• Go Fashion (India) Ltd
• Sai Silks (Kalam andir) Limited

Saraswati Saree Depot Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/

Saraswati Saree Depot Limited IPO Lead Manager

UNISTONE CAPITAL PRIVATE LIMITED
A/ 305, Dynasty Business Park, Andheri
Kurla Road, Andheri East, Mumbai
400 059, India.
Telephone:+91 9820057533
Email: mb@unistonecapital.com

Saraswati Saree Depot Limited Contact

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/home

Saraswati Saree Depot Limited IPO Application Form PDF

To download the Saraswati Saree Depot Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

Analyses Of Saraswati Saree Depot Limited IPO

Considering the upcoming IPO of Saraswati Saree Depot Limited, there are several factors to weigh before deciding whether to apply or not.

On the positive side, the company has shown solid financial performance, with revenues exceeding ₹600 crores and a profit after tax of ₹22.97 crores for the financial year ending March 31, 2023. The high return on equity (ROE) of 96.15% and return on capital employed (ROCE) of 98.03% indicate strong profitability and efficient use of capital. Additionally, the Indian ethnic wear market is projected to grow steadily, which could benefit the company as it expands its operations.

However, potential investors should also consider the risks. The market for ethnic wear is competitive, and any disruptions in the supply chain could impact the company’s margins. Furthermore, while the financial metrics are impressive, the drop in ROCE from the previous year might raise concerns about sustainability.

Overall, if you are looking for an investment in a growing sector and are comfortable with the associated risks, applying for the Saraswati Saree Depot IPO could be a good opportunity. However, it’s essential to conduct thorough research and consider your financial goals before making a decision.

Disclaimer

This analysis of the Saraswati Saree Depot Limited IPO is for informational purposes only and should not be construed as investment advice. The information provided is based on publicly available data and our own research, which may be incomplete or inaccurate. We recommend that you conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.

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