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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹160.01 Cr |
| Fresh Issue | ₹104.00 Cr |
| Offer for Sale | ₹56.02 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹152.00-160.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544230 |
| NSE Code | SSDL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Unistone Capital Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 90 shares and in multiples thereof
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 catalog 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 13,000 unique customers in fiscal 2024. 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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 81.00 |
| 2 | General Corporate Purposes | 9.67 |
| Total | 90.67 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 205.94 | 188.85 | 169.93 |
| Total Income | 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 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 58.88% |
| ROCE | 64.46% |
| Debt / Equity | 0.67% |
| RoNW | 45.49% |
| PAT Margin | 4.83% |
| Price to Book Value | 8.16 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.92 | 7.46 |
| P/E (x) | 17.94 | 21.46 |
| Promoter Holding | 100% | 74.75% |
| Market Cap | ₹633.60 Cr. | |
