Saraswati Saree IPO (Saraswati Saree Depot Limited IPO)
Saraswati Saree IPO open for bidding on 12th August 2024 and ends on 14th August 2024.
Founded in 1996, Saraswati Saree Depot Limited specializes in the manufacturing and wholesale distribution of women’s apparel, with a strong focus on sarees. While sarees remain the centerpiece of their business, the company also deals in a variety of other garments such as kurtis, dress materials, blouse pieces, lehengas, and bottoms, catering to a broad market.
The company collaborates with more than 900 weavers and suppliers from different states across India, curating a vast inventory that includes over 300,000 unique items. Their operations are concentrated in the southern and western regions of India, including Maharashtra, Goa, Karnataka, and Tamil Nadu. By fiscal 2024, Saraswati Saree Depot had served a customer base exceeding 13,000 unique clients, with saree sales contributing to more than 90% of their revenue.
For more details refer to Saraswati Saree IPO RHP and Saraswati Saree IPO Pulse Score
Saraswati Saree IPO Details
| IPO Date | 12th August 2024 to 14th August 2024 |
| Listing Date | 20th August 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹152 to ₹160 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 1,00,00,800 shares (aggregating up to ₹160.01 Cr) |
| Fresh Issue | 64,99,800 shares (aggregating up to ₹104.00 Cr) |
| Offer for Sale | 35,01,000 shares of ₹10 (aggregating up to ₹56.02 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50,00,400(50%) |
| NII | 15,00,120(15%) |
| bNII | 10,00,080(10%) |
| sNII | 5,00,040(5%) |
| Retail | 35,00,280(35%) |
| Total | 1,00,00,800(100%) |
Saraswati Saree IPO Timeline
| IPO Open | 12th August 2024 |
| IPO Close | 14th August 2024 |
| Basis Of Allotment | 16th August 2024 |
| Initiation of Refunds | 19th August 2024 |
| Credit of Shares to Demat | 19th August 2024 |
| Listing Date | 20th August 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹ 633.6 Cr | P/E Ratio- Pre IPO | 23.05 |
| RoNW | 45.49% | P/E Ratio- Post IPO | 27.58 |
| RoCE | 64.46% | P/B Ratio | 14.97 |
| Debt to Equity | 0.67 | PAT Margin% | 4.83% |
Saraswati Saree IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding working capital requirements of our Company; and
- General corporate purposes
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