IPO

Saraswati Saree Depot Limited IPO

Mainboard

Speciality Retail

Listed On: Aug 20, 2024 at ₹ 194.0(NSE)

₹ 14400 /90 Shares

Check Allotment

12 Aug, 2024

Open Date

14 Aug, 2024

Close Date

16 Aug, 2024

Allotment Date

20 Aug, 2024

Listing Date
Price Summary

Last Closing

85.11 (-46.81%)

52 Week High

153.85

52 Week Low

80.10

Last Update

30-Oct-2025 3:30 PM
Expected Premium
+ ₹40-41 (25%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Expected Premium
+ ₹40-41 (25%)
Saraswati Saree Depot IPO Issue Details
  • Issue Price ₹152-160 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 1,00,00,800 shares(aggregating up to ₹160.01 crore)
  • Fresh Share 64,99,800 shares(aggregating up to ₹104 crore)
  • Offer For Sale 35,01,000 shares(aggregating up to ₹56.01 crore)
  • Listing at BSE, NSE
  • List Price 194.0(NSE)
  • Listing Date 2024-08-20
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The following 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)131,170₹1,87,200
Saraswati Saree Depot IPO Reservation

Saraswati Saree Depot IPO offers total 10,000,800 shares. Out of which 5,000,400 (50%) allocated to QIB, 1,500,120 (15%) allocated to NII,3,500,280 (35%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
QIB Shares Offered5,000,400 (50%)
NII (HNI) Shares Offered1,500,120 (15%)
bNII < ₹10L1,000,080 (10%)
sNII < ₹10L500,040 (5%)
Retail Shares Offered3,500,280 (35%)
Total Shares Offered10,000,800 (100%)
Saraswati Saree Depot IPO Documents
DRHP
RHP
Saraswati Saree Depot IPO Details


Saraswati Saree Depot IPO is a book-built issue of ₹160.01 crores, The total issue size is ₹160.01 crores. The IPO of Saraswati Saree Depot is priced at ₹152-160 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 12, 2024 and ends on Aug 14, 2024. The allotment for Saraswati Saree Depot IPO will be finalized on Aug 16, 2024. Saraswati Saree Depot IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 20, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 90 shares, extendable to 14,400. The book-running lead manager for the IPO is/are Unistone Capital Pvt Ltd.

The total issue ₹160.01 crore, comprising a fresh issue of 64,99,800 shares ₹104 crore and having Offer for Sale (OFS) of 35,01,000 shares to mop up ₹56.01 crore.

The Saraswati Saree Depot IPO sets its price band at 152-160 for each share. A single application for Saraswati Saree Depot Limited IPO must contain at least 90 shares. Sentiment investors need to invest a minimum of 90 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,400

Read More
Saraswati Saree Depot IPO Subscription Analysis And Details
Retail
61.59x
QIB
64.12x
NII
358.47x
bNII
389.28x
sNII
296.85x
Total
107.39x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved5,000,4001,500,120
1,000,080    500,040		3,500,28010,000,800
Day 1 12-08-24 05:00 PM
1.19 x12.62
12.65 x   12.55 x		5.39 x4.37 x
Day 2 13-08-24 05:00 PM
1.32 x57.18
54.61 x   62.30 x		20.30 x16.34 x
Day 3 14-08-24 05:00 PM
64.12 x358.47
389.28 x   296.85 x		61.59 x107.39 x
Total No of Applications
21,70,552
Subscription on the basis of Applications
Retail:51.42x BHNI:74.67x SHNI:284.75
Saraswati Saree Depot Valuations
EPS Pre IPO ₹6.94/-
EPS Post IPO ₹5.80/-
P/E Pre IPO 23.05
P/E Post IPO 27.58
ROE 58.88%
ROCE 64.46%
Debt/Equity 0.67
RoNW 45.49%
PAT Margin 4.83%
Price to Book Value 8.16
Saraswati Saree Depot Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets205.94188.85169.93
Revenue612.58603.52550.31
Profit After Tax29.5322.9712.31
Net Worth64.9135.3812.41
Total Borrowing43.4941.4366.62
About Saraswati Saree Depot Company

Saraswati Saree Depot Limited, incorporated in the year 1996, is involved in manufacturing and wholesaling women's apparels.

Wholesale (B2B) of sarees forms the core business of the company. It also conducts wholesale business in other women's apparels, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.

The company purchases regularly sarees and other women's apparels from over 900 weavers/suppliers based in different states of India. Our product catalog currently offers more than 300,000 different SKUs. The company mainly sells in southern and western regions comprising of mainly Maharashtra, Goa, Karnataka, and Tamil Nadu and has served more than 13,000 unique customers in fiscal 2024. Our company stores are offering saree products categorized into occasion, fabric, weave, and ornamentation. More than 90 percent of the revenues are generated by the sales of sarees.

The company, on June 30, 2024, was having a strength of 314 employees working for it in departments.

Read More
Saraswati Saree Depot - Promoter(s)

Mr. Shankar Dulhani

Mr. Mahesh Dulhani

Mr. Rajesh Dulhani

Mr. Vinod Dulhani

Pre Issue Share Holding : 100%

Post Issue Share Holding : 74.75%

Saraswati Saree Depot IPO - Issue Objectives
1

Funding working capital requirements of the company.

2

General corporate purposes.

Saraswati Saree Depot IPO - Anchor Investors

No Anchor Book.

Saraswati Saree Depot IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Saraswati Saree Depot Limited8.928.9219.61N/A45.49N/AConsolidated
Go Fashion (India) Ltd15.3215.32111.8171.813.71N/AConsolidated
Sai Silks (Kalamandir) Limited7.517.5172.1421.349.49N/AConsolidated

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on August 5, 2024, divided by diluted EPS.
  2. Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
  3. NAV is computed as the closing net worth divided by the weighted average number of equity shares.
Strength
They have a highly diversified customer base. In Fiscals 2023 and 2022, their revenues from their top 10 customers represented 8.89% and 7.90%, respectively, of their total revenues.
Their raw material sourcing is also highly diversified. In Fiscals 2023 and 2022, their purchases from their top 10 suppliers represented 22.83% and 26.98%, respectively, of their total purchases.
The saree products offered at their stores are highly diversified in terms of occasion, fabric, weave, pattern and ornamentations. They also have a wide variety of non-saree apparel products.
Weakness
Their business is highly concentrated on the sale of women’s sarees. Any changes in consumer preferences could have a disruptive effect on the survival of the business.
They operate out of two stores in Maharashtra, which are located at Kolhapur and Ulhasnagar. Any local social unrest, natural disaster or breakdown of services could have an adverse effect on their business and financial condition.
Their business is subject to seasonality. Lower revenues in the peak season of any fiscal year may adversely affect their overall business for the year.
Contact Details

Saraswati Saree Depot

Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur – 416005

+919271009858

cs@saraswatisareedepotlimited.com

https://www.saraswatisareedepot.com/home

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html