S D Retail Ltd IPO
Open Demat Account
S D Retail Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 49.6 L | TBA | ₹ 16.49 L | ₹ 122.23 L | NSE | ₹ 64.98 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 20 Sep, 24 | 24 Sep, 24 | 1000 | ₹ 1,24,000 | Book Building - SME | 27 Sep, 24 |
S D Retail Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 27.95x | 2354000 | 65791000 |
| NII | 207.99x | 707000 | 147047000 |
| Retail | 65.32x | 1649000 | 107717000 |
| Employee | 0x | 0 | 0 |
| Total | 64.63x | 4960000 | 320555000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
S D Retail Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 11.60 | 6.59 | 12.40 |
| EBITDA | 12.92 | 7.35 | 13.16 |
| PAT | 7.60 | 4.30 | 10.11 |
| Total Assets | 114.56 | 84.35 | 74.17 |
| Share Capital | 1.25 | 0.63 | 0.63 |
| Total Borrowings | 41.02 | 20.34 | 21.29 |
| Operating Activities (Net Cash) | 8.92 | 5.06 | 10.87 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 41.02 | 20.34 | 21.29 |
| Net Cashflow | 4.02 | 0.70 | 0.51 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About S D Retail Ltd
S D Retail Limited was originally incorporated as S D Retail Private Limited vide registration no. 146313 under the provisions of the Companies Act 1956 pursuant to Certificate of Incorporation dated May 14, 2004 issued by Registrar of Companies, Mumbai, Maharashtra. Further, the registered office of the Company was shifted from Mumbai, Maharashtra to Ahmedabad, Gujarat w.e.f. February 6, 2009. Subsequently the Company was converted into Public Limited Company and name of the company was changed from S D Retail Private Limited to S D Retail Limited vide fresh certificate of incorporation dated June 19, 2024 issued by the Registrar of Companies, Central Processing Centre.
The India sleepwear market is anticipated to reach market size of USD 1303.88 Million by 2029, with progressive CAGR of 15.12% by 2024-29. The sleepwear industry in India has witnessed significant growth over the past decade. Traditionally, sleepwear in India consisted of simple and utilitarian garments, but evolving fashion trends, increasing disposable income, and a growing awareness of comfort and lifestyle have transformed this sector into a dynamic and profitable market.
S D Retail Limited is in the business of designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name SWEET DREAMS. SWEET DREAMS is a sleepwear-focused company offering a wide portfolio of stylish and comfortable sleepwear for the entire family, celebrating the transition from work to home life and catering to every aspect of downtime. The Company designs its products to cater to men and women across all age groups including kids (from age 2 Year to 16 Year) and fits that are suitable to various body types and physiques. In addition, the company is in adjacent categories such as loungewear, workout wear, athleisure, and work leisure pants.
Peer Comparison:
- Go Fashion (India) Ltd
- Bella Casa Fashion & Retail Ltd
- S P Apparels Ltd
S D Retail Ltd IPO Key Points
Strengths
- Multi-channel pan-India distribution network and newfound focus on EBOs.
- In-house expertise in designing and developing products.
- Strong unit economics with scalable asset light model.
- Scalable Business Model.
- Organizational stability along with management expertise.
Risk
- The application has been filed to NCLT under section 9 of Insolvency and Bankruptcy Code, 2016 against the Company and the same is pending with NCLT, Ahmedabad. Any adverse outcome of the pending proceeding will impact the operations of the Company.
- The company products are sold under a single brand, SWEET DREAMS'. Any inability to effectively market its products, or any deterioration in public perception of the company brand, could affect consumer footfall and consequently adversely impact its business, financial condition, cash flows and results of operations.
- Its business is primarily concentrated on the sale of women's sleepwear's and is vulnerable to variations in demand and changes in consumer preferences which could have an adverse effect on its business, results of operations and financial condition.
Strategy
- Strengthen leadership position in sleepwear market and focus on additional product launches for Store Sales Growth.
- Continue to expand retail network with a focus on EBOs.
- Focus on online channels and capitalize on the e-commerce trend.
- Leverage Technology to Bring Cost Efficiency and Enhance Customer Experience.
- Multi-channel pan-India distribution network and newfound focus on EBOs.
- In-house expertise in designing and developing products.
- Strong unit economics with scalable asset light model.
- Scalable Business Model.
- Organizational stability along with management expertise.
How To Apply for S D Retail Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.