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SD Retail IPO is a book build issue of ₹64.98 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹64.98 crore.
SD Retail IPO bidding started from Sep 20, 2024 and ended on Sep 24, 2024. The allotment for SD Retail IPO was finalized on Sep 25, 2024. The shares got listed on NSE SME on Sep 27, 2024.
SD Retail IPO price band is set at ₹131.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,24,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,62,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to SD Retail IPO RHP for detailed Information.
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | September 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹124 to ₹131 per share |
| Issue Price Final | ₹131 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,60,000 shares (aggregating up to ₹64.98 Cr) |
| Reserved for Market Maker | 2,50,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹3.28 Cr) |
| Net Offered to Public | 47,10,000 shares (aggregating up to ₹61.70 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,37,62,386 shares |
| Share Holding Post Issue | 1,87,22,386 shares |
SD Retail IPO offers total 49,60,000 shares. Out of which 23,54,000 (47.46%) allocated to QIB, 9,42,000 (18.99%) allocated to QIB, 7,07,000 (14.25%) allocated to NII, 16,49,000 (33.25%) allocated to RII and 14,12,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,50,000 (5.04%) |
| QIB Shares Offered | 23,54,000 (47.46%) |
| − Anchor Investor Shares Offered | 14,12,000 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 9,42,000 (18.99%) |
| NII (HNI) Shares Offered | 7,07,000 (14.25%) |
| Retail Shares Offered | 16,49,000 (33.25%) |
| Total Shares Offered | 49,60,000 (100.00%) |
SD Retail IPO raises ₹18.50 crore from anchor investors. SD Retail IPO Anchor bid date is September 19, 2024. SD Retail IPO Anchor Investors list
| Bid Date | September 19, 2024 |
| Shares Offered | 14,12,000 |
| Anchor Portion Size (In Cr.) | 18.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 23, 2024 |
SD Retail IPO opens on September 20, 2024, and closes on September 24, 2024.
| IPO Open Date | Fri, Sep 20, 2024 |
| IPO Close Date | Tue, Sep 24, 2024 |
| Tentative Allotment | Wed, Sep 25, 2024 |
| Initiation of Refunds | Thu, Sep 26, 2024 |
| Credit of Shares to Demat | Thu, Sep 26, 2024 |
| Tentative Listing Date | Fri, Sep 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 24, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,31,000 |
| Retail (Max) | 1 | 1,000 | ₹1,31,000 |
| HNI (Min) | 2 | 2,000 | ₹2,62,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in May 2004, S D Retail Limited designs, manufactures, outsources, markets, and retails sleepwear under the brand name "SWEET DREAMS".
SWEET DREAMS offers stylish and comfortable sleepwear for the whole family, celebrating the transition from work to home life.
The company designs its products for men, women, and kids aged 2-16, offering fits suitable for various body types.
As of February 29, 2024, the company sold its products through distributors, exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, both in India and internationally.
The company operates on an asset-light model. It covers all aspects of its sales operations without owning any of the properties where its stores are located. This asset-light model allows for scalability and facilitates the efficient opening of Exclusive Brand Outlets (EBOs).
As of May 31, 2024, the company employed 240 individuals across various departments.
SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12,225.54 | 8,835.65 | 7,759.56 |
| Total Income | 16,328.48 | 13,568.86 | 12,873.65 |
| Profit After Tax | 759.76 | 430.17 | 1,011.06 |
| Net Worth | 4,179.98 | 3,420.22 | 2,990.04 |
| Reserves and Surplus | 4,054.87 | 3,357.66 | 2,927.49 |
| Total Borrowing | 4,354.72 | 2,051.31 | 1,844.13 |
| Amount in ₹ Lakhs | |||
The market capitalization of SD Retail IPO is ₹245.26 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 6.29% |
| ROCE | 15.61% |
| Debt/Equity | 1.04 |
| RoNW | 18.18% |
| PAT Margin | 4.67% |
| Price to Book Value | 4.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.52 | 4.06 |
| P/E (x) | 23.73 | 32.28 |
The company intend to utilize the net proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is engaged in the business of designing, manufacturing, outsourcing and marketing of sleepwear that are sold under its brand “Sweet Dreams”. The company has the legacy of over three decades in the business, and though it is operating in a highly competitive and fragmented segment, it is gaining grounds post the Pandemic. The company is on expansion spree to increase its stores count. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | September 27, 2024 |
| BSE Script Code | |
| NSE Symbol | SDREAMS |
| ISIN | INE0X6F01017 |
| Final Issue Price | ₹131 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹131.00 |
| Open | ₹145.00 |
| Low | ₹144.00 |
| High | ₹152.25 |
| Last Trade | ₹150.90 |
SD Retail Ltd.
C-929, Stratum at Venus ground,
Nr. Jhansi Ki Rani Statue, Nehrunagar
Ambawadi, Ahmedabad -380006,
Ahmedabad, Gujarat
Phone: +91 7043106787
Email: info@sweetdreamsindia.com
Website: https://www.sweetdreams.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
SD Retail IPO is a SME IPO of 49,60,000 equity shares of the face value of ₹10 aggregating up to ₹64.98 Crores. The issue is priced at ₹131 per share. The minimum order quantity is 1000.
The IPO opens on September 20, 2024, and closes on September 24, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SD Retail IPO using UPI as a payment gateway. Zerodha customers can apply in SD Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SD Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SD Retail IPO opens on September 20, 2024 and closes on September 24, 2024.
SD Retail IPO lot size is 1000, and the minimum amount required for application is ₹1,31,000.
You can apply in SD Retail 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 SD Retail IPO will be done on Wednesday, September 25, 2024, and the allotted shares will be credited to your demat account by Thursday, September 26, 2024. Check the SD Retail IPO allotment status.
The SD Retail IPO listing date is on Friday, September 27, 2024.
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