Bookbuilding IPO | ₹160 Cr | Listed at BSE, NSE | Mon, Aug 12, 2024 - Wed, Aug 14, 2024
Saraswati Saree Depot IPO is a book build issue of ₹160.01 crores. The issue is a combination of fresh issue of 0.65 crore shares aggregating to ₹104.00 crores and offer for sale of 0.35 crore shares aggregating to ₹56.02 crores.
Saraswati Saree Depot IPO bidding started from Aug 12, 2024 and ended on Aug 14, 2024. The allotment for Saraswati Saree Depot IPO was finalized on Aug 16, 2024. The shares got listed on BSE, NSE on Aug 20, 2024.
Saraswati Saree Depot IPO price band is set at ₹160 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,400 (90 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (6,300 shares), amounting to ₹10,08,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Saraswati Saree Depot IPO RHP for detailed Information.
IPO Open
Mon, Aug 12, 2024
IPO Close
Wed, Aug 14, 2024
Issue Price
₹160 per share
Market Cap (Pre-IPO)
₹633.60 Cr
| IPO Date | 12 to 14 Aug, 2024 |
| Listed on | Tue, Aug 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹152 to ₹160 |
| Issue Price | ₹160 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,800 shares (agg. up to ₹160 Cr) |
| Fresh Issue | 64,99,800 shares (agg. up to ₹104 Cr) |
| Offer for Sale | 35,01,000 shares of ₹10 (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 3,31,00,000 shares |
| Share Holding Post Issue | 3,95,99,800 shares |
| BSE Script Code / NSE Symbol | 544230 / SSDL |
| ISIN | INE0PQ101010 |
Saraswati Saree Depot IPO offers total 1,00,00,800 shares. Out of which 50,00,400 (50.00%) allocated to QIB, 15,00,120 (15.00%) allocated to NII 35,00,280 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 50,00,400 (50.00%) | NA |
| NII (HNI) Shares Offered | 15,00,120 (15.00%) | NA |
| − bNII > ₹10L | 10,00,080 (10.00%) | 793 |
| − sNII < ₹10L | 5,00,040 (5.00%) | 396 |
| Retail Shares Offered | 35,00,280 (35.00%) | 38,892 |
| Total Shares Offered | 1,00,00,800 (100.00%) |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 205.94 | 188.85 | 169.93 |
| Total Income | 612.58 | 603.52 | 550.31 |
| Profit After Tax | 29.53 | 22.97 | 12.31 |
| NET Worth | 64.91 | 35.38 | 12.41 |
| Total Borrowing | 43.49 | 41.43 | 66.62 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | |
| 2 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 58.88 |
| ROCE | 64.46 |
| Debt/Equity | 0.67 |
| RoNW | 45.49 |
| PAT Margin | 4.83% |
| Price to Book Value | 8.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.92 | 7.46 |
| P/E (x) | 17.94 | 21.46 |
| Promoter Holding | 100% | 74.75% |
| Market Cap | ₹633.60 Cr. |
The Saraswati Saree Depot IPO is subscribed 107.39 times on August 14, 2024 6:19:08 PM (Day 3). The public issue subscribed 61.59 times in the retail category, 64.12 times in the QIB category, and 358.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 64.12 | 50,00,400 | 32,06,47,500 |
| NII | 358.47 | 15,00,120 | 53,77,48,650 |
| bNII (bids above ₹10L) | 389.28 | 10,00,080 | 38,93,12,460 |
| sNII (bids below ₹10L) | 296.85 | 5,00,040 | 14,84,36,190 |
| Retail | 61.59 | 35,00,280 | 21,55,68,450 |
| Total | 107.39 | 1,00,00,800 | 1,07,39,64,600 |
Total Application : 21,70,552
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commissions (including any underwriting commission, brokerage and selling commission) | |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to Registrar to the issue | |
| 4 | Others: Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | |
| 5 | Printing and stationery | |
| 6 | Fee payable to legal counsels | |
| 7 | Advertising and marketing | |
| 8 | Miscellaneous |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹160.00 | ₹160.00 |
| Open | ₹200.00 | ₹194.00 |
| Low | ₹190.00 | ₹186.00 |
| High | ₹209.95 | ₹203.70 |
| Last Trade | ₹209.95 | ₹203.70 |
Lead Manager Reports
Saraswati Saree Depot IPO is a main-board IPO of 1,00,00,800 equity shares of the face value of ₹10 aggregating up to ₹160 Crores. The issue is priced at ₹160 per share. The minimum order quantity is 90.
The IPO opens on Mon, Aug 12, 2024, and closes on Wed, Aug 14, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Saraswati Saree Depot IPO using UPI as a payment gateway. Zerodha customers can apply in Saraswati Saree Depot IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Saraswati Saree Depot IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Saraswati Saree Depot IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024.
Saraswati Saree Depot IPO lot size is 90, and the minimum amount required for application is ₹14,400.
You can apply in Saraswati Saree Depot IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Saraswati Saree Depot IPO will be done on Friday, August 16, 2024, and the allotted shares will be credited to your demat account by Mon, Aug 19, 2024. Check the Saraswati Saree Depot IPO allotment status.
The Saraswati Saree Depot IPO listing date is on Tue, Aug 20, 2024.
