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 catalogue 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 15,000 unique customers in fiscal 2023. 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.
As of August 31, 2023, the company had an employee base of 237 employees in various departments.
Saraswati Saree Depot IPO – Details
| IPO Opening Date | 12 August 2024 |
| IPO Closing Date | 14 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,00,00,800 Shares Worth ₹160.01 Crore Fresh Issue: 6,499,800 Shares Worth ₹104.00 Crore Offer For Sale: 35,01,000 Shares Worth ₹56.02 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹152 – ₹160 per share |
| Market Lot | 90 Shares |
| Min Order | 90 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Saraswati Saree Depot IPO – Date Schedule
| IPO Open Date | 12 August 2024 |
| IPO Close Date | 14 August 2024 |
| Basis of Allotment | 16 August 2024 |
| Initiation of Refund | 19 August 2024 |
| Credit of Shares to Demat Account | 19 August 2024 |
| IPO Listing Date | 20 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2024 |
Saraswati Saree Depot IPO – Lots Size & Price
| 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 |
Competitive Strengths
- Diversified supplier and customer base.
- Diverse product portfolio.
- Bulk buying capabilities.
- Experienced Promoters and strong management team.
- Existing client and supplier relationships.
- Collaborative and experienced work force.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 550.30 | 533.81 | 12.30 | 66.61 |
| 31 March 2023 | 603.51 | 572.64 | 22.97 | 41.42 |
| 31 March 2024 | 612.58 | 573.92 | 29.52 | 43.48 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 58.88 |
| ROCE | 64.46 |
| Debt/Equity | 0.67 |
| RoNW | 45.49 |
| P/BV | 14.97 |
| PAT Margin (%) | 4.83 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.94 | 5.8 |
| P/E (x) | 23.05 | 27.58 |
Object Of The Issue
- Funding working capital requirements of the company.
- General corporate purposes.
Saraswati Saree Depot IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Go Fashion (India) Ltd | 71.80 |
| 2 | 10 | Sai Silks (Kalamandir) Limited | 21.34 |
Saraswati Saree Depot IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.75% |
Saraswati Saree Depot IPO Prospectus
Company Contact Information
| 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 IPO Registrar
| 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 Lead Manager(s)
| 1. Unistone Capital Pvt Ltd |
Saraswati Saree Depot IPO FAQs
| What is Saraswati Saree Depot IPO? Saraswati Saree Depot IPO is a main-board IPO. The issue is priced at ₹152 to ₹160 per equity share. The IPO is to be listed on BSE & NSE. |
| When Saraswati Saree Depot IPO will open? The IPO is to open on 12 August 2024 for QIB, NII, and Retail Investors. |
| What is Saraswati Saree Depot IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Saraswati Saree Depot IPO? You can apply Saraswati Saree Depot IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Saraswati Saree Depot IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Saraswati Saree Depot IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Saraswati Saree Depot IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Saraswati Saree Depot IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Saraswati Saree Depot IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Saraswati Saree Depot IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Saraswati Saree Depot IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Saraswati Saree Depot IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Saraswati Saree Depot IPO Size? Saraswati Saree Depot IPO size is ₹160.01 Crore. |
| What is Saraswati Saree Depot IPO Price Band? Saraswati Saree Depot IPO Price Band is ₹152 to ₹160. |
| What is Saraswati Saree Depot IPO Minimum and Maximum Lot Size for retail? The minimum bid is 90 Shares with ₹14,400 amount while the maximum bid is 1,170 Shares with ₹1,87,200. |
| What is the Saraswati Saree Depot IPO Allotment Date? Saraswati Saree Depot IPO allotment date is 16 August 2024. |
| What is the Saraswati Saree Depot IPO Listing Date? Saraswati Saree Depot IPO listing date is 20 August 2024. The IPO is to be listed on BSE and NSE. |
