Bookbuilding IPO | ₹65 Cr | Listed at NSE SME | Fri, Sep 20, 2024 - Tue, Sep 24, 2024
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,31,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 20, 2024
IPO Close
Tue, Sep 24, 2024
Issue Price
₹131 per share
Market Cap (Pre-IPO)
₹245.26 Cr
| IPO Date | 20 to 24 Sep, 2024 |
| Listed on | Fri, Sep 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹124 to ₹131 |
| Issue Price | ₹131 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,60,000 shares (agg. up to ₹65 Cr) |
| Reserved for Market Maker | 2,50,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 47,10,000 shares (agg. up to ₹62 Cr) |
| Net Offered to Public | 47,10,000 shares (agg. up to ₹62 Cr) |
| Share Holding Pre Issue | 1,37,62,386 shares |
| Share Holding Post Issue | 1,87,22,386 shares |
| NSE Symbol | SDREAMS |
| ISIN | INE0X6F01017 |
SD Retail IPO comprises a total issue size of 49,60,000 shares. The net offer to the public is 47,10,000 shares, after excluding 2,50,000 shares allotted on a firm basis. Of the Net offer 23,54,000 (49.98%) are allocated to QIB, 7,07,000 (15.01%) allocated to NII 16,49,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,54,000 | 49.98% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 16,49,000 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,50,000 | 5.04% | |
| Total Shares Offered | 49,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
SD Retail IPO raises ₹18.50 crore from anchor investors. SD Retail IPO Anchor bid date is September 19, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 19, 2024 |
| Shares Offered | 14,12,000 |
| Anchor Portion (₹ Cr.) | 18.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 23, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 122.26 | 88.36 | 77.60 |
| Total Income | 163.28 | 135.69 | 128.74 |
| Profit After Tax | 7.60 | 4.30 | 10.11 |
| NET Worth | 41.80 | 34.20 | 29.90 |
| Reserves and Surplus | 40.55 | 33.58 | 29.27 |
| Total Borrowing | 43.55 | 20.51 | 18.44 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (“EBOs”) | 16.49 |
| 2 | Funding Working Capital Requirement | 35.00 |
| 3 | General Corporate Purpose | 8.89 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 5.52 | 4.06 |
| P/E (x) | 23.73 | 32.28 |
| Promoter Holding | 88.82% | 65.29% |
| Market Cap | ₹245.26 Cr. |
The SD Retail IPO is subscribed 97.08 times on September 24, 2024 6:19:58 PM (Day 3). The public issue subscribed 65.25 times in the retail category, 69.84 times in the QIB category, and 207.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 69.84 | 9,42,000 | 6,57,91,000 |
| NII* | 207.62 | 7,07,000 | 14,67,90,000 |
| Retail | 65.25 | 16,49,000 | 10,75,97,000 |
| Total | 97.08 | 32,98,000 | 32,01,78,000 |
Total Application : 1,07,597
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling, commission and upload fees | 0.02 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 4.18 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹131.00 |
| Open | ₹145.00 |
| Low | ₹144.00 |
| High | ₹152.25 |
| Last Trade | ₹150.90 |
Lead Manager Reports
SD Retail IPO is a SME IPO of 49,60,000 equity shares of the face value of ₹10 aggregating up to ₹65 Crores. The issue is priced at ₹131 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Sep 20, 2024, and closes on Tue, Sep 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 Fri, Sep 20, 2024 and closes on Tue, Sep 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 Thu, Sep 26, 2024. Check the SD Retail IPO allotment status.
The SD Retail IPO listing date is on Fri, Sep 27, 2024.
