Saraswati Saree Depot IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Saraswati Saree Depot IPO. Explore Saraswati Saree Depot IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
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.
Objects of the Issue
- Funding working capital requirements of the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Aug - 14 Aug 2024 |
| IPO Price Band | ₹ 152 - 160 per share |
| Fresh Issue | 64,99,800 shares (₹ 104 crore) |
| Offer For Sale | 35,01,000 shares (₹ 56.02 crore) |
| Total IPO Size | Approx ₹ 160.01 crore |
| Face Value | ₹ 10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Aug 2024 |
| IPO Closing Date | 14 Aug 2024 |
| Basis Of Allotment | 16 Aug 2024 |
| Refunds | 19 Aug 2024 |
| Demat Transfer | 19 Aug 2024 |
| IPO Listing Date | 20 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 550.31 | 603.52 | 612.58 |
| Total Expenses | 533.82 | 572.65 | 573.93 |
| Net Profit/Loss | 12.31 | 22.97 | 29.53 |
| NPM (*) | 2.24 | 3.82 | 4.83 |
| Total Assets | 169.93 | 188.85 | 205.94 |
| Total Liabilities | 157.52 | 153.47 | 141.03 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 3.72 | 6.94 | 8.92 |
| ROE (%) | 196.81 | 96.15 | 58.88 |
| ROCE (%) | 169.07 | 98.03 | 64.46 |
| D/E Ratio | 5.37 | 1.17 | 0.67 |
| Current Ratio | 1.06 | 1.19 | 1.41 |
| EBITDA MARGIN (%) | 3.79 | 5.66 | 6.73 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Saraswati Saree Depot Limited | 610.90 | 17.94 | 8.92 | 45.49 | 19.61 |
| Go Fashion (India) Ltd | 762.83 | 71.80 | 15.32 | 13.71 | 111.81 |
| Sai Silks (Kalamandir) Limited | 1,373.55 | 21.34 | 7.51 | 9.49 | 72.14 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 64.12 |
| Non-Institutional Investor (NII/HNI) | 358.47 |
| Retail Individual Investor (RII) | 61.59 |
| Total | 107.39 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MAHESH DULHANI
- RAJESH DULHANI
- SHANKAR DULHANI
- VINOD DULHANI
Lead Managers
- Unistone Capital Private Limited
Company Address
Saraswati Saree Depot Limited
Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur, Maharashtra – 416005, India
Phone: +91 9271009858
Email: cs@saraswatisareedepotlimited.com
Website: www.saraswatisareedepot.com
FAQs
- What is the issue size of the Saraswati Saree Depot IPO?The Saraswati Saree Depot IPO has an issue size of Approx ₹ 160.01 crore. This includes a fresh issue of 64,99,800 shares (₹ 104 crore) and an offer for sale (OFS) of 35,01,000 shares (₹ 56.02 crore).
- What is the price band of the Saraswati Saree Depot IPO?The price band for the Saraswati Saree Depot IPO is ₹ 152 - 160 per share.
- What are the bidding dates for the Saraswati Saree Depot IPO?The Saraswati Saree Depot IPO will open for bidding on 12 Aug 2024 and close on 14 Aug 2024.
- What is the allotment date for the Saraswati Saree Depot IPO?The allotment date for the Saraswati Saree Depot IPO is 16 Aug 2024.
- What is the listing date for the Saraswati Saree Depot IPO?The listing date for the Saraswati Saree Depot IPO is 20 Aug 2024.
- What is the Saraswati Saree Depot IPO grey market premium?The grey market premium (GMP) for the Saraswati Saree Depot IPO is currently at ₹40, with an expected listing gain of approximately 25%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.