Saraswati Saree Depot Limited IPO Detail
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.
Company Promoters
Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani are the promoters of the company.IPO Details
| IPO Opening Date | Aug 12, 2024 |
| IPO Closing Date | Aug 14, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹152 - 160 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹160.01 Cr |
| Fresh Issue | ₹160.01 Cr |
| Offer for Sale | ₹56.02 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.32x | 62.80x | 54.61x | 57.34x | 20.62x | 16.48x |
| Day 2 | 64.12x | 296.85x | 389.28x | 358.47x | 61.59x | 107.39x |
IPO Tentative Timetable
The Saraswati Saree Depot Limited IPO open date is Aug 12, 2024, and the close date is Aug 14, 2024. The issue may list on Aug 20, 2024.
| IPO Open Date | Aug 12, 2024 |
| IPO Close Date | Aug 14, 2024 |
| Basis of Allotment Date | Aug 16, 2024 |
| Initiation of Refunds | Aug 19, 2024 |
| Credit of Shares to Demat Account | Aug 19, 2024 |
| IPO Listing Date | Aug 20, 2024 |
IPO Lot Size
The Saraswati Saree Depot Limited IPO market lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1170 shares or ₹187200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹14400 |
| Maximum | 13 | 1170 | ₹187200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 74.75% |
Company Financials:
For the year/period ended (₹ in Crore)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 205.94 | 612.58 | 29.53 |
| 31-Mar-23 | 188.85 | 603.52 | 22.97 |
| 31-Mar-22 | 169.93 | 550.31 | 12.31 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding working capital requirements of the company.
- General corporate purposes.
Saraswati Saree Depot Limited IPO Registrar:
Bigshare Services Pvt Ltd
Saraswati Saree Depot Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd
Company Contact Information:
Saraswati Saree Depot Limited
Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road
Uchagaon
Kolhapur
