Saraswati Saree Depot Limited IPO

Saraswati Saree Depot Limited IPO

  • IPO Date12 Aug, 2024 to 14 Aug, 2024
  • Listing Date20 Aug, 2024
  • Face Value₹10 per share
  • Issue Price₹152 to ₹160 per share
  • Lot Size90 Shares
  • Minimum Investment₹14,400
  • Listing AtBSE, NSE
  • Total Issue Size1,00,00,800 Shares
    (aggregating up to ₹160.01 Cr)
  • Fresh Issue64,99,800 Shares
    (aggregating up to ₹104.00 Cr)
  • Offer for Sale35,01,000 Shares
    (aggregating up to ₹56.02 Cr)
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue3,31,00,000
  • Shareholding post issue3,95,99,800
IPO Dates

Closing Date

14 Aug, 2024

Initiation of Refunds

19 Aug, 2024

Listing Date

20 Aug, 2024

12 Aug, 2024

Opening Date

16 Aug, 2024

Basis of Allotment

19 Aug, 2024

Credit of Shares

UPI Mandate Expiry Date:14 Aug, 2024

Saraswati Saree Depot Limited Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)190₹14,400
B-HNI (Min)706300₹10,08,000
S-HNI (Max)696210₹9,93,600
Retail (Max)131170₹1,87,200
S-HNI (Min)141260₹2,01,600

Saraswati Saree Depot Limited Promoter Holding

Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani are the promoters of the company.

Pre Issue Share HoldingPost Issue Share Holding
100%-

Saraswati Saree Depot Limited COMPANY INFORMATION

Saraswati Saree Depot IPO is a book built issue of Rs 160.01 crores. The issue is a combination of fresh issue of 0.65 crore shares aggregating to Rs 104.00 crores and offer for sale of 0.35 crore shares aggregating to Rs 56.02 crores. Saraswati Saree Depot IPO opens for subscription on August 12, 2024 and closes on August 14, 2024. The allotment for the Saraswati Saree Depot IPO is expected to be finalized on Friday, August 16, 2024. Saraswati Saree Depot IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, August 20, 2024. Saraswati Saree Depot IPO price band is set at ₹152 to ₹160 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,400. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹201,600, and for bNII, it is 70 lots (6,300 shares), amounting to ₹1,008,000. Unistone Capital Pvt Ltd is the book running lead manager of the Saraswati Saree Depot IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Saraswati Saree Depot IPO DRHP for detailed information.

Incorporated in 1996, Saraswati Saree Depot Limited is engaged in manufacturing and wholesale women's apparel.

The company's primary business is the wholesale (B2B) segment of sarees. It is also engaged in the wholesale business of other women's apparel, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.

The company regularly sources sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, our product catalogue lists more than 300,000 different SKUs. The company majorly sells products in southern and western regions comprising mainly Maharashtra, Goa, Karnataka and Tamil Nadu and the company has served more than 15,000 unique customers in fiscal 2023. The company stores offer saree products categorized by occasion, fabric, weave, and ornamentation. Over 90 percent of the company's revenue comes from saree sales.

As of August 31, 2023, the company had an employee base of 237 employees in various departments.

Company Overview Saraswati Saree Depot Limited IPO

Saraswati Saree Depot Limited IPO is a leading player in the [Industry/Market], known for its innovative solutions and customer-centric approach. The company has a robust business model, focusing on sustainable growth and value creation for stakeholders. The company's primary business is the wholesale (B2B) segment of sarees. It is also engaged in the wholesale business of other women's apparel, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.

Financial Highlights

The financial performance of Saraswati Saree Depot Limited IPO over the past three years showcases a trajectory of growth and stability. Key financial metrics include:

Revenue and Profitability

  • Revenue Growth: [Percentage]% increase in revenue from FY2021 to FY2023.
  • Profit Margins: Maintained an average profit margin of [Percentage]% over the last three years.

Cash Flow and Debt Management

  • Positive Cash Flow: Consistent positive cash flow from operations.
  • Debt Reduction: Significant reduction in debt levels through strategic repayments.

IPO Objectives

The primary objectives of the IPO are to raise funds for:

  • Expansion: Invest in new projects and market expansions.
  • Debt Repayment: Reduce existing debt to strengthen the balance sheet.
  • General Corporate Purposes: Enhance operational efficiency and corporate infrastructure.

Risk Factors

Investors should consider the following risks associated with Saraswati Saree Depot Limited IPO:

Market Risks

  • Competitive Landscape: High competition may affect market share.
  • Regulatory Environment: Changes in regulations could impact operations.

Operational Risks

  • Scalability: Challenges in scaling operations while maintaining quality.
  • Key Personnel: Dependence on a few key individuals for strategic decisions.

Pros and Cons of the IPO

Pros

  • Established Market Presence:
    • Strong brand recognition and customer loyalty.
  • Experienced Management Team:
    • Leadership with proven track records in the industry.
  • Financial Growth:
    • Consistent revenue growth and profitability.
  • Strategic Use of Funds:
    • Clear plans for expansion and debt reduction.
  • Market Potential:
    • Opportunities for growth in the expanding [Industry/Market].

Cons

  • Market Competition:
    • Intense competition from established players.
  • Regulatory Risks:
    • Potential impact of changes in industry regulations.
  • Operational Challenges:
    • Risks associated with scaling operations and maintaining quality.
  • Dependence on Key Personnel:
    • Reliance on the expertise of a few key individuals.
  • Economic Uncertainty:
    • Vulnerability to economic downturns and market volatility.

Conclusion

The IPO of Saraswati Saree Depot Limited IPO presents a promising investment opportunity with several strengths, including a strong market presence, experienced management, and clear strategic objectives. However, potential investors should carefully consider the associated risks, including market competition and regulatory changes. Overall, the company’s growth trajectory and strategic plans make it a compelling candidate for investment.

FAQs About Saraswati Saree Depot Limited Ipo

Saraswati Saree Depot Limited IPO will open on 12 Aug, 2024 and close on 14 Aug, 2024. Investors must apply within this period to participate.

The Saraswati Saree Depot Limited IPO price band is set between ₹152.00 and ₹160.00 per share. The minimum lot size is 90, requiring an investment of at least ₹14400.00.

The Saraswati Saree Depot Limited IPO shares are expected to be listed on 20 Aug, 2024, subject to regulatory approvals and final allotment.

You can track your Saraswati Saree Depot Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Saraswati Saree Depot Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.