IPO

SD Retail Limited IPO

NSE SME

Listed On: Sep 27, 2024 at ₹ 145.0

₹ 262000 /2000 Shares
*Min Investment

Check Allotment

20 Sep, 2024

Open Date

24 Sep, 2024

Close Date

25 Sep, 2024

Allotment Date

27 Sep, 2024

Listing Date
SD Retail IPO Issue Details
  • Issue Price ₹124-131 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 49,60,000 shares(aggregating up to ₹64.98 crore)
  • Fresh Share 49,60,000 shares(aggregating up to ₹64.98 crore)
  • Listing at NSE SME
  • List Price 145.0
  • Listing Date 2024-09-27
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1000 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)11000₹1,31,000
Retail(max)11000₹1,31,000
NII (min) 22,000₹2,62,000
SD Retail IPO Reservation

SD Retail IPO offers total 49,60,000 shares. Out of which 9,42,000 (18.99%) allocated to QIB, 7,07,000 (14.25%) allocated to NII,16,49,000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 14,12,000 (28.47%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered14,12,000 (28.47%)
Market Maker Shares Offered2,50,000 (5.04%)
QIB Shares Offered9,42,000 (18.99%)
NII (HNI) Shares Offered7,07,000 (14.25%)
Retail Shares Offered16,49,000 (33.25%)
Total Shares Offered49,60,000 (100%)
SD Retail IPO Documents
DRHP
RHP
SD Retail IPO Details


SD Retail Limited IPO is an SME IPO, priced at ₹124-131 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,60,000 equity shares, aggregating up to ₹64.98 crores..

The IPO bidding window is open from Sep 20, 2024 to Sep 24, 2024. The allotment is expected to be finalized on Sep 25, 2024, and the tentative listing date is Sep 27, 2024.

The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,31,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,62,000.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Spread X Securities Private Limited will act as the market maker for this issue.

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SD Retail IPO Subscription Analysis And Details
Retail
65.32x
Total
97.20x
As onQIB / NIIRetailTotal
Shares Offered / Reserved942,000 / 707,0001,649,0003,298,000
Day 1 20-09-24 06:00 PM
0.16 / 1.15 x0.81 x0.70 x
Day 2 23-09-24 06:00 PM
0.66 / 8.81 x15.79 x9.97 x
Day 3 24-09-24 06:00 PM
69.84 / 207.99 x65.32 x97.20 x
Total No of Applications
1,07,597
SD Retail Valuations
EPS Pre IPO ₹5.52/-
EPS Post IPO ₹4.06/-
P/E Pre IPO 23.73
P/E Post IPO 32.28
ROE 6.29%
ROCE 15.61%
Debt/Equity 1.04
RoNW 18.18%
PAT Margin 4.67
Price to Book Value 4.31
SD Retail Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets12,225.548,835.657,759.56
Revenue16,328.4813,568.8612,873.65
Profit After Tax759.76430.171,011.06
Net Worth4,179.983,420.222,990.04
Reserves & Surplus4,054.873,357.662,927.49
Total Borrowing4,354.722,051.311,844.13
About SD Retail Company

Incorporated in May 2004, S D Retail Limited designs, manufactures, outsources, markets, and retails sleepwear under the brand name SWEET DREAMS.

SWEET DREAMS has stylish as well as comfortable sleepwear for the whole family celebrating the transition from work to home life.

The company designs products for men, women, and kids of ages 2-16 offering fits suitable for a variety of body types.

As of 29th February, 2024, the Company sold its products through distributors, EBOs, MBOs and e-commerce websites like Myntra, AJIO, Nykaa, Flipkart, Amazon, besides its website across India and rest of the world.

The business operates on the asset-light model. It has control over all dimensions of its selling operations without any owning rights over the premises where its outlets operate. This way, the company is scalable, and opening its EBOs is done effectively and efficiently.

On May 31, 2024, there were 240 employees working under the company within different departments.

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SD Retail - Promoter(s)

Mr. Hitesh Pravinchandra Ruparelia and Mr. Utpalbhai Pravinchandra Ruparelia, M/s. Sweet Dreams Loungewear (India) LLP (Formerly known as Sweet Dreams Loungewear (India) Private Limited) and M/s. Grace Garments LLP

Pre Issue Share Holding : 88.82%

Post Issue Share Holding : 65.29%

SD Retail IPO - Issue Objectives
1

Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (EBOs)

2

Funding Working Capital Requirement

3

General Corporate Purpose

SD Retail IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
SD Retail Limited5.52N/A30.3723.7318.184.37Standalone
Go Fashion (India) Limited15.32N/A111.8178.6713.829.05Standalone
Bella Casa Fashion & Retail Ltd8.89N/A73.9633.7712.021.6Standalone
S.p. Apparels Ltd41.35N/A31.0414.0414.310.35Standalone

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on the NSE on March 31, 2024, divided by the Basic EPS.
  2. RoNW is computed as net profit after tax (after considering Comprehensive Income) divided by the closing net worth. Net worth has been calculated as the sum of share capital and reserves, and surplus.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details

SD Retail

C-929, Stratum at Venus ground, Nr. Jhansi Ki Rani Statue, Nehrunagar, Ambawadi, Ahmedabad -380006

+91 7043106787

info@sweetdreamsindia.com

https://www.sweetdreams.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

all.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/