Saraswati Saree Depot Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,000,400 (50%) | — | ₹8,001 Cr |
| NII (HNI) | — | 1,500,120 (15%) | — | ₹2,400 Cr |
| Retail | — | 3,500,280 (35%) | — | ₹5,600 Cr |
| Σ Total | — | 10,000,800 (100%) | — | ₹160,013 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,400 |
| Retail (Max) | 13 | 1,170 | ₹187,200 |
| S-HNI (Min) | 14 | 1,260 | ₹201,600 |
| B-HNI (Min) | 67 | 6,030 | ₹964,800 |
Financial Statements Amount In Crore
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 613 | 604 | 550 |
| Profit After Tax | 30 | 23 | 12 |
| Net Worth | 65 | 35 | 12 |
| Total Assets | 206 | 189 | 170 |
| Total Borrowing | 43 | 41 | 67 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the company. –
- General corporate purposes. –
Company Overview
Incorporated in 1996, 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 catalog 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 13,000 unique customers in fiscal 2024. 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 June 30, 2024, the company had an employee base of 314 employees in various departments.