Saraswati Saree Depot Ltd. IPO

Saraswati Saree Depot Limited is a leading wholesale saree and women's apparel retailer in India. With a legacy spanning over five decades, they offer a wide range of products, including sarees, kurtis, and other ethnic wear. The company has a strong presence in the Indian market with a customer base of over 15,000 and annual sales exceeding ?6 billion. They source products from over 900 weavers and suppliers across India, offering a diverse product range to cater to different customer preferences.

RHP
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DRHP
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Open Date

2024-08-12

Close Date

2024-08-14

Saraswati Saree Depot Ltd. IPO Details

Check out the issue details for Saraswati Saree Depot Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 160

Price Band

₹ 152 - 160

Issue Size

160.01 Cr.

Issue Type

Book Built

Open

2024-08-12

Close

2024-08-14

Listingprice

₹ 194

ListingGain

21.25%

Listing Date

2024-08-20

CMP

₹ 119.69

Current Return

-25.19%

Company Financials

You can get the following financial statements of Saraswati Saree Depot Ltd. as of now.

The details about the Saraswati Saree Depot Limited IPO is as:

  • The issue size of the IPO is 160.01 Cr.
  • The price band for Saraswati Saree Depot Limited IPO is Rs 152 to Rs 160.
  • The shares of Saraswati Saree Depot Limited IPO will list on 20th August 2024.
  • The latest tentative GMP of Saraswati Saree Depot Limited IPO is Rs 35.
  • The shares of Saraswati Saree Depot Limited IPO is subscribed 107.38 Times as of 14th August 2024.

 

Saraswati Saree Depot Limited IPO Valuation

The approx valuation of Saraswati Saree Depot Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 160
Existing Shares (Qty) 3.31 Cr
Fresh Issue 104 Cr
Market Cap 633.6 Cr
EPS (FY24) Rs 8.92
PE Ratio 17.93x
Industry PE 46.57x

 

Saraswati Saree Depot Limited IPO Issue Size

Saraswati Saree Depot Limited IPO issue size is 160.01 Cr

Issue Amount
Fresh Issue 104 Cr
Offer For Sale 56.02 Cr

 

Saraswati Saree Depot Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 90 shares and a maximum of 13 lots of 1170 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 90 Rs 14,400
 Maximum 13 1170 Rs 1,87,200

 

Saraswati Saree Depot Limited IPO share offer

The shares of Saraswati Saree Depot Limited IPO is subscribed 107.39 Times as of 14th August 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 64.12 Times
Non-Institutional Minimum 15% 358.45 Times
Retail Individual Minimum 35% 61.56 Times
Total
107.39 Times

Find below the dates for Saraswati Saree Depot Limited IPO:

Schedule Date
Basis of Allotment 16 August 2024
Refunds 19 August 2024
Credit to Demat Account 19 August 2024
IPO Listing Date 20 August 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 0 549.58 601.89
Total Expenditure 0 528.61 567.66
Operating Profit 0 20.97 34.23
Other Income 0 0.73 1.63
Interest 0 4.61 3.99
Depreciation 0 0.6 0.99
Exceptional Items 0 0 0
Profit Before Tax 0 16.49 30.87
Provision for Tax 0 4.18 7.9
Net Profit 0 12.31 22.97
Adjusted EPS (Rs.) 0 0.37 0.69

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.1 0.1 0.1
Total Reserves 0 12.31 35.28
Borrowings 0 0 0
Other N/C liabilities 0 0 0
Current liabilities 0 161.66 161.05
Total Liabilities 0.1 174.06 196.43
Assets
Net Block 0 3.19 3.07
Capital WIP 0 0 0
Intangible WIP 0 0 0
Investments 0 0 3.5
Loans & Advances 0 0 0.23
Other N/C Assets 0 0 0
Current Assets 0.1 170.87 189.63
Total Assets 0.1 174.06 196.43
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024
Other Income 0.71 0.75
Profit Before Tax 7.85 12.72
Tax 1.75 3.15
Profit After Tax 6.1 9.57
Adjusted EPS (Rs) 1.84 2.42

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.75 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 0 16.49 30.87
Adjustment 0 5.08 4.81
Changes in Assets & Liabilities 0 -57.12 7.41
Tax Paid 0 -4.18 -7.9
Operating Cash Flow 0 -39.73 35.19
Investing Cash Flow 0 -3.79 -4.37
Financing Cash Flow 0.1 60.65 -29
Net Cash Flow 0.1 17.13 1.82
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