The Saraswati Saree Depot IPO is scheduled to open on August 12, 2024, and close on August 14, 2024. Notably, it aims to raise approximately ₹160.01 crores, comprising a fresh issue of ₹56.02 crores and an offer for sale of up to 6,499,800 equity shares of ₹10 each. Specifically, the retail quota is 35%, QIB is 50%, and HNI is 15%.
Table of contents
- Saraswati Saree Depot IPO Details
- IPO Important Date
- Saraswati Saree Depot IPO Lot Size
- Saraswati Saree Depot IPO Size
- Promoter Holding
- Saraswati Saree Depot IPO GMP (Grey Market Premium)
- Saraswati Saree Depot IPO Subscription Status
- Saraswati Saree Depot IPO Allotment Status
- About This Company
- Financial Information Of This Company (Amount in Crore)
- Saraswati Saree Depot KPI
- Saraswati Saree Depot IPO valuation details for FY2023
- The Objective of The Issue
- Peers of Saraswati Saree Depot Limited
- Saraswati Saree Depot Limited IPO Registrar
- Saraswati Saree Depot Limited IPO Lead Manager
- Saraswati Saree Depot Limited Contact
- Saraswati Saree Depot Limited IPO Application Form PDF
- Conclusion
The share allotment is expected to be finalized on August 16, 2024. Subsequently, the listing is anticipated on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by August 20, 2024. Meanwhile, the Saraswati Saree Depot IPO price band is set between ₹152 and ₹160 per share.
For instance, retail investors can apply for a minimum of 90 shares, requiring an investment of ₹14,400. In contrast, small non-institutional investors (sHNI) must make a minimum investment of 14 lots (1,260 shares), totaling ₹201,600, whereas big non-institutional investors (bHNI) need to invest at least 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 | ₹ 160.01 Cr. |
| Face Value | ₹10 Per Share |
| Fresh Issue | 72,45,000 Share |
| IPO Price Band | ₹152 to ₹160 Per Share |
| IPO Listing on | BSE NSE |
| Lot Size | 90 Shares |
| OFS | 35,55,000 Shares |
| Shares Offered to Retail | 10% |
| Shares Offered to QIB | 75% |
| Shares Offered to HNI | 15% |
IPO Important Date
- IPO Open Date: August 12, 2024
- IPO Close Date: August 14, 2024
- Allotment Date: August 16, 2024
- Refund Initiation: August 19, 2024
- Shares Credited to Demat Account: August 19, 2024
- Listing Date: August 20, 2024
Saraswati Saree Depot IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | 14,400 |
| Retail (Max) | 13 | 1170 | 1,87,200 |
| S-HNI (Min) | 14 | 1260 | 2,01,600 |
| S-HNI (Max) | 69 | 6210 | 9,93,600 |
| B-HNI (Min) | 70 | 6300 | 10,08,000 |
Saraswati Saree Depot IPO Size
| Issue Type | Size(₹) |
|---|---|
| Total IPO Size | 160.01 |
| Offer For Sale | 104.00 |
| Fresh Issue | 56.02 |
Promoter Holding
The SSD IPO is led by an experienced team of promoters, including Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani. Collectively, they have built the company from the ground up, and prior to this public offering, they held a full 100% of the company’s shares. Now, this IPO marks a significant milestone in their journey, as they open up a piece of their success to the public for the first time.
Saraswati Saree Depot IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the SSD IPO? If so, look no further! By visiting our dedicated IPO GMP section, you’ll stay in the loop with daily updates on all IPOs, including Saraswati Saree Depot. In addition, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, rest assured, our updates have got you covered!
Saraswati Saree Depot IPO Subscription Status
SSD’s IPO subscription kicks off on August 12, 2024! If you’re looking to stay updated with the latest subscription figures, then head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—instead, track the progress as it happens!
Saraswati Saree Depot IPO Allotment Status
To check the SSD IPO allotment status go to the IPO registrar website Bigshare Services Private Limited or go to IPO Allotment.
To check the SSD IPO allotment status. Firstly, follow the steps below:
- First, go to the link given above.
- Next, select the company name.
- Then, enter your PAN number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
About This Company
Saraswati Saree Depot Limited (SSDL) is a Public Limited Indian Non-Government Company, which was incorporated in India on 18 March 2021. As a result, it is currently three years, four months, and 23 days old. Moreover, its registered office is located in Kolhapur, Maharashtra, India.
In addition, the Company is engaged in the Fashion and Accessories Industry. Moreover, its status is Active, and it has duly filed its Annual Returns and Financial Statements up until 31 March 2023. Furthermore, it is a company limited by shares, with an authorized capital of Rs 41.00 cr and a paid-up capital of Rs 33.10 cr, according to the Ministry of Corporate Affairs (MCA) records.
Regarding the Key Managerial Personnel (KMP) at Saraswati Saree Depot Limited India, Vinod Dulhani serves as CEO. In addition, Ruchika Gheeya is the Company Secretary, and Mahesh Vyas holds the position of CFO. Additionally, Shankar Dulhani, Mahesh Dulhani, Amar Thorat, and six other members serve as directors at the Company.
Financial Information Of This Company (Amount in Crore)
Here is the financial data for Saraswati Saree Depot Limited for the periods ending March 31, 2024, March 31, 2023, and March 31, 2022:
| Period | 31 March 2024 | 31 March 2023 | 31 March 2022 |
|---|---|---|---|
| Total Assets | 205.93 | 188.85 | 169.93 |
| Total Revenue | 612.58 | 603.52 | 550.31 |
| PAT (Profit After Tax) | 29.52 | 22.97 | 12.31 |
| Net Worth | 64.90 | 35.38 | 12.41 |
| Total borrowings | 43.48 | 41.43 | 66.62 |
Saraswati Saree Depot KPI
| 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 |
The Objective of The Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Working capital needs.
- General Corporate Purposes.
Peers of Saraswati Saree Depot Limited
- 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, simply check out IPO Forms, and then follow the instructions to complete your application. Additionally, you can find other related documents on the same page.
Conclusion
The company has experienced negative cash flow in operating, investing activities, and financing activities in the last few fiscal years. Consequently, to fulfill its objectives, the company is currently conducting an IPO for the public.
We believe the information offered in this blog helps you learn about the company’s financial performance. Therefore, this blog will be very useful to you if you are looking for information about the approaching IPO, as it will provide you with reliable insights into the company’s financials and past performance. Additionally, if this informative blog piques your interest, you may want to explore our other related and useful posts on our website.
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