Saraswati Saree Depot Limited IPO of Rs 160.01 crores (Saraswati Saree Depot IPO) Detail

The issue is a combination of fresh issue of 0.65 crore shares aggregating to Rs 104.00 crores and offer for sale of 0.35 crore shares aggregating to Rs 56.02 crores.Saraswati Saree Depot IPO is a book built issue of Rs 160.01 crores.

Saraswati Saree Depot IPO opens for subscription on August 12, 2024 and closes on August 14, 2024. The allotment for the Saraswati Saree Depot IPO is expected to be finalized on Friday, August 16, 2024. Saraswati Saree Depot IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, August 20, 2024.

 

Saraswati Saree Depot IPO price band is set at ₹152 to ₹160 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,400. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹201,600, and for bNII, it is 70 lots (6,300 shares), amounting to ₹1,008,000.

Unistone Capital Pvt Ltd is the book running lead manager of the Saraswati Saree Depot IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Saraswati Saree Depot - Wholesaler from Pune City, Pune, India | Company  Profile

About Saraswati Saree Depot Limited

Incorporated in 1996, 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.

Refer to Saraswati Saree Depot IPO DRHP for detailed information.

Saraswati Saree Depot IPO Details

IPO DateAugust 12, 2024 to August 14, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹152 to ₹160 per share
Lot Size90 Shares
Total Issue Size10,000,800 shares(aggregating up to ₹160.01 Cr)
Fresh Issue6,499,800 shares(aggregating up to ₹104.00 Cr)
Offer for Sale3,501,000 shares of ₹10(aggregating up to ₹56.02 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue33,100,000
Share holding post issue39,599,800

Saraswati Saree Depot IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

Saraswati Saree Depot IPO Timeline (Tentative Schedule)

Saraswati Saree Depot IPO opens on August 12, 2024, and closes on August 14, 2024.

IPO Open DateMonday, August 12, 2024
IPO Close DateWednesday, August 14, 2024
Basis of AllotmentFriday, August 16, 2024
Initiation of RefundsMonday, August 19, 2024
Credit of Shares to DematMonday, August 19, 2024
Listing DateTuesday, August 20, 2024
Cut-off time for UPI mandate confirmation5 PM on August 14, 2024

Saraswati Saree Depot IPO Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)190₹14,400
Retail (Max)131170₹187,200
S-HNI (Min)141,260₹201,600
S-HNI (Max)696,210₹993,600
B-HNI (Min)706,300₹1,008,000

Saraswati Saree Depot IPO Promoter Holding

Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani are the promoters of the company.

Share Holding Pre Issue100.00%
Share Holding Post Issue

Saraswati Saree Depot Limited Financial Information (Restated)

Saraswati Saree Depot Limited's revenue increased by 9.67% and profit after tax (PAT) rose by 86.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 2022
Assets188.85169.93
Revenue603.52550.31
Profit After Tax22.9712.31
Net Worth35.3812.41
Reserves and Surplus
Total Borrowing41.4366.62

Key Performance Indicator

The market capitalization of Saraswati Saree Depot IPO is Rs 633.6 Cr.

KPI as of March 31, 2023.
KPIValues
ROE96.15%
ROCE98.03%
Debt/Equity1.17
RoNW64.93%
P/BV14.97
Pre IPOPost IPO
EPS (Rs)6.945.8
P/E (x)23.0527.58
Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2023 that is available in RHP.

Objects of the Issue (Saraswati Saree Depot IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

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

Saraswati Saree Depot Limited Contact Details

Saraswati Saree Depot Limited
Sr No.144/1 Manademala,
Near Tawade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur – 416005
Phone: +919271009858
Email: cs@saraswatisareedepotlimited.com
Websitehttps://www.saraswatisareedepot.com/home

 

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