Saraswati Saree Depot IPO: A Complete Guide
Saraswati Saree Depot Limited, a well-known name in the Indian saree wholesale market, is set to launch its Initial Public Offering (IPO). With a focus on traditional and ethnic wear, the company has established a significant presence in the southern and western regions of India. This article provides an overview of the Saraswati Saree Depot IPO, including key details, financial performance, and objectives.
IPO Overview
The Saraswati Saree Depot IPO is a book-built issue with a total size of ₹160.01 crores. The issue is a combination of a fresh issue of 0.65 crore shares aggregating to ₹104.00 crores and an offer for sale of 0.35 crore shares aggregating to ₹56.02 crores.
Key Dates:
- IPO Open Date: August 12, 2024
- IPO Close Date: August 14, 2024
- Basis of Allotment: August 16, 2024
- Initiation of Refunds: August 19, 2024
- Credit of Shares to Demat: August 19, 2024
- Listing Date: August 20, 2024
Price Band: The price band for the IPO is set between ₹152 to ₹160 per share.
Lot Size: The minimum lot size for retail investors is 90 shares, with a minimum investment of ₹14,400.
IPO Details at a Glance
| Details | Information |
|---|---|
| IPO Date | August 12, 2024 to August 14, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| Price Band | ₹152 to ₹160 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 10,000,800 shares (₹160.01 Cr) |
| Fresh Issue | 6,499,800 shares (₹104.00 Cr) |
| Offer for Sale | 3,501,000 shares (₹56.02 Cr) |
| Listing At | BSE, NSE |
Shareholding Pattern
Before the IPO, the total shareholding of the company stands at 33,100,000 shares. Post-issue, the shareholding is expected to increase to 39,599,800 shares.
Reservation Details
The IPO is reserved for different categories of investors as follows:
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not more than 50.00% of the Net offer |
| Retail Investors | Not less than 35.00% of the Offer |
| NII (Non-Institutional Investors) | Not less than 15.00% of the Offer |
Financial Performance
Saraswati Saree Depot Limited has shown consistent growth over the years. The company’s revenue increased by 2% and Profit After Tax (PAT) rose by 29% between the financial years ending March 31, 2024, and March 31, 2023.
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹205.94 Cr | ₹188.85 Cr | ₹169.93 Cr |
| Revenue | ₹612.58 Cr | ₹603.52 Cr | ₹550.31 Cr |
| Profit After Tax | ₹29.53 Cr | ₹22.97 Cr | ₹12.31 Cr |
| Net Worth | ₹64.91 Cr | ₹35.38 Cr | ₹12.41 Cr |
| Total Borrowing | ₹43.49 Cr | ₹41.43 Cr | ₹66.62 Cr |
Key Performance Indicators (As of March 31, 2024)
- Market Capitalization: ₹633.6 Cr
- ROE (Return on Equity): 58.88%
- ROCE (Return on Capital Employed): 64.46%
- Debt/Equity Ratio: 0.67
- RoNW (Return on Net Worth): 45.49%
- P/BV (Price to Book Value): 14.97
- PAT Margin: 4.83%
Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for the following purposes:
- Funding working capital requirements.
- General corporate purposes.
Saraswati Saree Depot Limited Contact Details
| Company Name | Saraswati Saree Depot Limited |
|---|---|
| Address | Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur – 416005 |
| Phone | +91 9271009858 |
| cs@saraswatisareedepotlimited.com | |
| Website | saraswatisareedepot.com |
Saraswati Saree Depot IPO Registrar
| Registrar Name | Bigshare Services Pvt Ltd |
|---|---|
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | ipo.bigshareonline.com |
Conclusion
The Saraswati Saree Depot IPO presents a unique opportunity for investors to be part of a growing company in the traditional Indian apparel market. With its strong financials and strategic growth plans, the IPO is expected to attract significant interest from both retail and institutional investors. Be sure to review the detailed information in the RHP and consider your investment goals before making a decision.
Highlight: Keep an eye on the Saraswati Saree Depot IPO, opening on August 12, 2024, and closing on August 14, 2024. The company’s strong financial performance and clear growth objectives make it an interesting proposition for investors. FOR MORE FINANCIAL UPDATE CLICK HERE
Frequently Asked Questions (FAQs)
What is the price band for the Saraswati Saree Depot IPO?
The price band for the Saraswati Saree Depot IPO is set between ₹152 to ₹160 per share.
How can I apply for the Saraswati Saree Depot IPO?
You can apply for the Saraswati Saree Depot IPO through your broker’s platform using the ASBA (Application Supported by Blocked Amount) method or via UPI if your broker supports it. You can also apply through online banking services provided by your bank.
When will the Saraswati Saree Depot IPO shares be credited to my Demat account?
The shares are expected to be credited to your Demat account on August 19, 2024, following the allotment on August 16, 2024.
