Saraswati Saree Depot IPO Details, Financials, Valuation & Peers

Saraswati Saree Depot Limited is a prominent player in the sarees wholesale (B2B) segment in India, with a rich legacy dating back to 1966. Over the decades, the company has established itself as a key supplier of sarees and other women's apparel, including kurtis, dress materials, blouse pieces, lehengas, and bottoms. The company's extensive product catalogue boasts over 3,00,000 different SKUs, with sarees accounting for more than 90% of total revenues. In Fiscal 2024, Saraswati Saree Depot Limited served over 13,000 unique customers, achieving sales of over ₹600 crore. The company sources its products from over 900 weavers and suppliers across major textile hubs in India, ensuring a diverse and high-quality offering for its clientele.

Key Points:

• Core Business:
  • Specializes in the wholesale of sarees, contributing over 90% of total revenues.
  • Also deals in kurtis, dress materials, blouse pieces, lehengas, and bottoms.
• Extensive Product Range:
  • Over 300,000 different SKUs in the product catalogue.
  • Products sourced from more than 900 weavers/suppliers across India.
• Annual Event – Utsav:
  • "Utsav" event held annually before Diwali, contributing 13-15% to annual revenues.
  • Exclusive collections and special offers for loyal customers.
• Strategic Growth and Expansion:
  • Shifted operations to a new, larger facility in Uchgaon, Kolhapur in 2015.
  • Expanded product range to include ready-made garments since 2017.
• Industry Recognition:
  • Received awards such as “Star of the Industry” and “Iconic Brand”.
  • Recognized for contributions to commerce in Maharashtra with the “Achievers of South Maharashtra” award by the Times of India.