Contents
- 1 Saraswati Saree Depot IPO Details
- 2 Saraswati Saree Depot IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Saraswati Saree Depot IPO GMP (Grey Market Premium)
- 6 Saraswati Saree Depot IPO Subscription Status
- 7 Saraswati Saree Depot IPO Allotment Status
- 8 Know About Company
- 9 Saraswati Saree Depot Limited Financial Information
- 10 KPI Of Saraswati Saree Depot Limited
- 11 Saraswati Saree Depot IPO valuation details for FY2023
- 12 Objects of the Issue
- 13 Peer Group
- 14 Saraswati Saree Depot Limited IPO Registrar
- 15 Saraswati Saree Depot Limited IPO Lead Manager
- 16 Saraswati Saree Depot Limited Contact
- 17 Saraswati Saree Depot Limited IPO Application Form PDF
- 18 Analyses Of Saraswati Saree Depot Limited IPO
- 19 FAQs for Saraswati Saree Depot IPO
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.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- 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
- Funding working capital requirements of our Company; and
- 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.
FAQs for Saraswati Saree Depot IPO
The Saraswati Saree Depot IPO is an initial public offering through which the company aims to raise approximately ₹160.01 crores. It includes a fresh issue of shares and an offer for sale by existing shareholders.
The subscription period for the Saraswati Saree Depot IPO opens on August 12, 2024, and closes on August 14, 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 at the upper end of the price band.
The minimum lot size for the Saraswati Saree Depot IPO is 90 shares.
The allotment of shares is expected to be finalized on August 16, 2024.
The shares of Saraswati Saree Depot Limited are anticipated to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by August 20, 2024.
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