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Saraswati Saree Depot Ltd IPO

Saraswati Saree Depot Limited is a key player in sarees wholesale (B2B) segment and its origin into the sarees business dates back to the year 1966. The Company is engaged in the trading of women's apparel including sarees, kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. on a B2B basis. The Company is also engaged in the wholesale business of other women's apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On an average of more than 90% of its total revenues are generated from sale of sarees. In Fiscal 2024, the company has served over 13,000 unique customers and its product catalogue consists of more than 3,00,000 different SKUs.

Saraswati Saree Depot Ltd IPO Details

Total Shares Offered

₹ 1,00,00,800

Offer to Public

35,01,000

Retail Max (Shares)

₹ 35,00,280

Pre Issue Promoters Holding

₹ 3,31,00,000

Exchange

BSE

Issue size

₹ 160.01 Cr

IPO Open Date

Aug 12, 2024

Close Date

Aug 14, 2024

Lot Size

Min Investment

₹ 13,680

Issue Type

Book Building

Listing Date

Aug 20, 2024

Saraswati Saree Depot Ltd IPO Dates

Aug 12, 2024

Opening date

Aug 14, 2024

Closing date

Aug 16, 2024

Basis of Allotment

Aug 19, 2024

Initiation of Refunds

Aug 19, 2024

Credit of Shares

Aug 20, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	5000400
NII	0x	1500120
Retail	0x	3500280
Employee	0x	0
Total	0x	10000800

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

5000400

1500120

3500280

10000800

Saraswati Saree Depot Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	45.51	40.35	31.87
EBITDA	50.20	41.33	32.86
PAT	30.58	29.53	22.97
Total Assets	264.49	198.67	182.05
Share Capital	39.60	33.10	0.10
Total Borrowings	7.59	5.97	4.55
Operating Activities (Net Cash)	35.27	30.51	23.96
Investing Activities (Net Cash)	7.89	4.22	3.50
Financing Activities (Net Cash)	7.59	5.97	4.55
Net Cashflow	46.52	9.87	19.05

About Saraswati Saree Depot Ltd

Saraswati Saree Depot Limited was incorporated under the provisions of the Companies Act, 2013 as Saraswati Saree Depot Private Limited pursuant to certificate of incorporation dated March 18, 2021 issued by Central Registration Centre, Registrar of Companies. Subsequently, the Company has been converted into a public limited company and the name of the Company has changed to Saraswati Saree Depot Limited pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on March 08, 2023 and a fresh Certificate of Incorporation dated March 31, 2023 consequent upon change of name and upon conversion to public limited company has been issued by the RoC.

The apparel industry comprises companies that design and sell clothes. Within this, the readymade garments or apparel segment includes shirts, trousers, T-shirts and jeans. It also comprises ethnic wear, such as kurtas, salwar kameez, lehengas and sarees. Indian apparels players employ various business models. The two key differentiating factors in these models are the strategy used to manufacture or procure (purchase or outsource) apparel, and the strategy used to distribute it. The business models can be analysed by dividing into three stages: manufacturing, branding and distribution. Companies often operate across segments, depending on their strategy and business model.

Peer Comparison:

Go Fashion (India) Ltd
Sai Silks (Kalamandir) Ltd

Saraswati Saree Depot Ltd Key Points

Strengths

Diversified supplier and customer base.

Diverse product portfolio.

Bulk buying capabilities.

Experienced Promoters and strong management team.

Existing client and supplier relationships.

Risk

The company's business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand. Any changes in consumer preference could have an adverse effect on its business, results of operations and financial condition.

The company operates out of two stores in Maharashtra which are located at Kolhapur and Ulhasnagar. Any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Maharashtra or any disruption in production at, or shutdown of, its stores could have material adverse effect on the company's business and financial condition.

The Company is operating in wholesale segment due to which its lack visibility and direct connection with the end consumers of the company's products which may adversely affect its ability to build brand loyalty and awareness with the end consumers.

Strategy

Strengthening Inventory Management Practices.

Entering into men's ethnic wear segment.

Leverage technology to bring cost efficiency and enhance customer experience.

Capitalize on the increasing e-commerce for penetration in retail and wholesale category.

How To Apply for Saraswati Saree Depot Ltd IPO Online?

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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.

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Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Saraswati Saree Depot Ltd IPO?

Saraswati Saree Depot Ltd's IPO offers shares for up to 104 It begins on Aug 12, 2024 and ends on Aug 14, 2024.

What is the price of the Saraswati Saree Depot Ltd IPO?

The price of Saraswati Saree Depot Ltd IPO ranges between ₹152 to ₹160 per share.

What are the open and close dates for the Saraswati Saree Depot Ltd IPO?

The Saraswati Saree Depot Ltd IPO opens on Aug 12, 2024 and closes on Aug 14, 2024.

When will the Saraswati Saree Depot Ltd IPO be allotted?

The allotment for the Saraswati Saree Depot Ltd IPO will be finalised on Aug 16, 2024. The shares will be listed on BSE and NSE on Aug 20, 2024.

What is the minimum lot size required for Saraswati Saree Depot Ltd IPO?

The minimum lot size for Saraswati Saree Depot Ltd IPO is 90 shares, priced between ₹152 to ₹160 per share.

What is the GMP of Saraswati Saree Depot Ltd IPO?

The GMP (Grey Market Premium) of Saraswati Saree Depot Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Saraswati Saree Depot Ltd IPO?

To check the allotment status of Saraswati Saree Depot Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Saraswati Saree Depot Ltd IPO getting listed?

The Saraswati Saree Depot Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 12, 2024, and closes on Aug 14, 2024. The allotment is finalised on Aug 16, 2024.

How do you apply for the Saraswati Saree Depot Ltd IPO?

To apply for the Saraswati Saree Depot Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.