Saraswati Saree Depot IPO Details
- Status:Current
₹ 14,400 / 90 shares
Minimum Investment
IPO Details
- Open Date
12 Aug 2024
- Close Date
14 Aug 2024
- IPO Price Range
₹ 152 to ₹ 160
- IPO Size
₹ 160.01 Cr
- Listing Exchange
BSE, NSE
- Listing Date
20 Aug 2024
- Open Date
12 Aug 2024
- Close Date
14 Aug 2024
- IPO Price Range
₹ 152 to ₹ 160
- IPO Size
₹ 160.01 Cr
- Listing Exchange
BSE, NSE
- Listing Date
20 Aug 2024
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.
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.
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
Saraswati Saree Depot IPO RHP
IPO Timeline
IPO is set to open on 12 August 2024 and will close on 14 August 2024. The company is a well-known producer and wholesaler in the women’s clothing industry, concentrating primarily on the business-to-business (B2B) saree market
The IPO includes a fresh issue of 35,01,000 shares aggregating up to ₹56.02 Cr and an offer for sale of 64,99,800 shares aggregating up to ₹104 Cr. The price range is ₹152 to ₹160 per share and the lot size is 90 shares.
The allotment is scheduled to be finalized on 16 August 2024. It will go public on BSE & NSE, with a tentative listing date of 20 August 2024.
Unistone Capital Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
IPO Size
|
Types
|
Size (₹Cr)
|
|---|---|
|
1Total IPO size
|
160.01
|
|
Offer for sale
|
104.00
|
|
Fresh issue
|
56.02
|
IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | 14,400 |
| Retail (Max) | 13 | 1,170 | 1,87,200 |
| S-HNI (Min) | 14 | 1,260 | 2,01,600 |
| S-HNI (Max) | 69 | 6,210 | 9,93,600 |
| B-HNI (Min) | 70 | 6,300 | 10,08,000 |
1. Funding working capital requirements of the company.
2. General corporate purposes.
Since its incorporation in 1996, Saraswati Saree Depot Limited has grown to become a well-known producer and wholesaler in the women’s clothing industry, concentrating primarily on the business-to-business (B2B) saree market. The firm, which dates back to 1966, has a long history in the saree industry, which is demonstrated by its steady performance and significant market share.
Over 90% of Saraswati Saree Depot’s total revenue comes from the wholesale distribution of sarees, which is the company’s primary operation. Apart from sarees, the firm deals in the wholesale trade of many kinds of women’s clothes, including bottoms, lehengas, kurtis, dress materials, and blouse pieces. Their wide selection of products has allowed them to satisfy a wide range of consumer wants and market preferences.
The firm served more than 15,000 distinct clients in Fiscal 2023, demonstrating the breadth of its clientele. With over 300,000 distinct SKUs, the product catalog demonstrates the company’s dedication to both diversity and client happiness. Over 900 weavers and suppliers located in India’s main production centers—Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru—provide this enormous inventory.
Peers
1. Go Fashion (India) Ltd
2. Sai Silks (Kalamandir) Ltd
Saraswati Saree Depot Limited Financial Information (Restated Consolidated)
Limited’s revenue increased by 2% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 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 |
| Total Borrowing | 43.49 | 41.43 | 66.62 |
Saraswati Saree Depot IPO SWOT Analysis
Strengths
1. Saraswati Saree Depot Limited boasts a rich history and deep expertise in the saree wholesale business.
2. The company has a dominant market presence and significant influence in the industry.
3. The company offers an extensive catalog of over 300,000 SKUs catering to a wide array of customer preferences and market demands.
4. The company ensures a consistent and diverse supply of high-quality products.
5. In Fiscal 2023, the company served over 15,000 unique customers, demonstrating its wide reach and customer loyalty.
6. More than 90% of the company’s revenue is generated from saree sales, highlighting a focused and successful business model.
Risks
1. The company’s heavy reliance on sarees for the majority of its revenue exposes it to changes in consumer preferences.
2. Dependence on a large number of suppliers means that any disruptions in supply chains could significantly impact operations.
4. The apparel industry is highly competitive, with numerous players vying for market share.
5. Managing a vast product catalog and maintaining quality across a wide range of products can be challenging.
6. Changes in regulations related to labor, trade, and environmental standards could impose additional costs and operational adjustments.
FAQs
To apply for IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of IPO is 90 shares and the investment required is ₹14,400.
The size of IPO is ₹160.01 Cr.
The share allotment date of Saraswati Saree Depot IPO is 16th August 2024
IPO opens from 12th August to 14th August 2024
The price of IPO is fixed at ₹152 to ₹160 per share.
Plans to utilize the raised capital from the IPO for:
1. Funding working capital requirements of the company.
2. General corporate purposes.
Unistone Capital Pvt Ltd is the book-running lead manager for IPO.
The IPO will be listed on 20th August 2024.
Contact Information
Saraswati Saree Depot
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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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