Saraswati Saree Depot Limited IPO

Mainboard

Speciality Retail

Listed On: Aug 20, 2024 at ₹ 194.0(NSE)

Exp. Premium: 40-41 (25%)

₹ 14400 /90 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Price Summary

Last Closing

163.30 (2.06%)

52 Week High

213.88

52 Week Low

151.10

Last Update

18-Sep-2024 3:30 PM

Saraswati Saree Depot IPO Details

12 Aug, 2024

Open Date

14 Aug, 2024

Close Date

16 Aug, 2024

Allotment Date

20 Aug, 2024

Listing Date

Issue Price

₹152-160 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

194.0(NSE)

Listing Date

2024-08-20

Market Lot

Retail : 90 Shares (₹14,400/-)
S-HNI : 1,260 Shares (₹2,01,600/-)
B-HNI : 6,300 Shares (₹10,08,000/-)

Lead Manager

Unistone Capital Pvt Ltd

Issue Size

Total ₹160.01 Cr :
#Fresh Issue : 3,501,000 shares(aggregating up to ₹56.02 Cr) +
#OFS : 6,499,800 shares of ₹10(aggregating up to ₹104 Cr)

Retail Portion

35% (Number of Retail Applications: 38,892 Approx),
(Number of S-HNI Applications : 397 Approx),
(Number of B-HNI Applications : 794 Approx)

Subscription

107.39 times

IPO Docs

DRHP RHP

Saraswati Saree Depot IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	5,000,400	1,500,120 1,000,080 500,040	3,500,280	10,000,800
Day 1 - 12-08-24 05:00 PM	1.19 x	12.62 12.65 x 12.55 x	5.39 x	4.37 x
Day 2 - 13-08-24 05:00 PM	1.32 x	57.18 54.61 x 62.30 x	20.30 x	16.34 x
Day 3 - 14-08-24 05:00 PM	64.12 x	358.47 389.28 x 296.85 x	61.59 x	107.39 x

Total No. of Applications: 21,70,552 (Approx)

Retail Subscription on the basis of Applications: Retail:51.42x BHNI:74.67x SHNI:284.75 times

Saraswati Saree Depot Valuations

EPS Pre IPO

₹6.94/-

EPS Post IPO

₹5.80/-

P/E Pre IPO

23.05

P/E Post IPO

27.58

RoNW

45.49%

Saraswati Saree Depot Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
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

About The Company

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

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

Saraswati Saree Depot - Strength and Weakness

Strength

They have a highly diversified customer base. In Fiscals 2023 and 2022, their revenues from their top 10 customers represented 8.89% and 7.90%, respectively, of their total revenues.

Their raw material sourcing is also highly diversified. In Fiscals 2023 and 2022, their purchases from their top 10 suppliers represented 22.83% and 26.98%, respectively, of their total purchases.

The saree products offered at their stores are highly diversified in terms of occasion, fabric, weave, pattern and ornamentations. They also have a wide variety of non-saree apparel products.

Weakness

Their business is highly concentrated on the sale of women’s sarees. Any changes in consumer preferences could have a disruptive effect on the survival of the business.

They operate out of two stores in Maharashtra, which are located at Kolhapur and Ulhasnagar. Any local social unrest, natural disaster or breakdown of services could have an adverse effect on their business and financial condition.

Their business is subject to seasonality. Lower revenues in the peak season of any fiscal year may adversely affect their overall business for the year.

Saraswati Saree Depot - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Saraswati Saree	8.16	19.8	45.5%	612
Go Fashion (India)	9.85	69.9	14.6%	763
Sai Silks (Kalamandir)	2.23	23.9	13.8%	1,374

Saraswati Saree Depot - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 74.75%

Company Promoter(s)

Mr. Shankar Dulhani
Mr. Mahesh Dulhani
Mr. Rajesh Dulhani
Mr. Vinod Dulhani

Saraswati Saree Depot IPO - Issue Objectives

Funding working capital requirements of the company.
General corporate purposes.

Saraswati Saree Depot IPO - Anchor Investors

No Anchor Book.

Other Details

Company Contact Details

Saraswati Saree Depot

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

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Saraswati Saree Depot IPO - FAQs

Ans. Saraswati Saree Depot Limited IPO is a Mainboard IPO. The issue is priced at ₹152-160 per equity share. The minimum order quantity is 90 Shares. The IPO opens on Aug 12, 2024, and closes on Aug 14, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Saraswati Saree Depot Limited IPO opens on Aug 12, 2024 and closes on Aug 14, 2024.

Ans. The size of Saraswati Saree Depot Limited IPO is Total ₹160.01 Cr : #Fresh Issue : 3,501,000 shares(aggregating up to ₹56.02 Cr) + #OFS : 6,499,800 shares of ₹10(aggregating up to ₹104 Cr).

Ans. The IPO price band is set between ₹152-160 per equity share.

Ans. To apply for Saraswati Saree Depot Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Saraswati Saree Depot Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Saraswati Saree Depot Limited IPO is Aug 16, 2024.

Ans. The Saraswati Saree Depot Limited IPO will be listed on Aug 20, 2024.

Ans. Follow the steps to check the allotment status for Saraswati Saree Depot Limited IPO here.