Saraswati Saree Depot IPO Details: The Saraswati Saree Depot IPO is scheduled to open on August 12, 2024, and will close on August 14, 2024. The company aims to raise approximately ₹160.01 crores through this IPO, which includes a fresh issue of ₹56.02 crores and an offer for sale of up to 6,499,800 equity shares at ₹10 each. The allocation for investors is divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs).
Saraswati Saree Depot is a prominent player in the wholesale saree (B2B) market, with a history dating back to 1966, according to the CRISIL Report. In addition to sarees, they also specialize in the wholesale distribution of other women’s apparel, including kurtis, dress materials, blouse pieces, lehengas, and bottoms. Notably, over 90% of their total revenue is derived from saree sales. In the fiscal year 2023, the company served over 15,000 unique customers and offered a product catalog of more than 300,000 different SKUs.
In 1993, to streamline and reorganize the family business, the second generation of the Dulhani family consolidated their individual enterprises into a newly established partnership, “M/s. Saraswati Sadi Depot.” The original partnership, founded by the late Laxmandas Danomal Dulhani, was subsequently dissolved in 1996.
Saraswati Saree Depot sources its sarees from various manufacturers across India, having built strong relationships with suppliers in key production hubs such as Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. They regularly procure sarees and women’s apparel from more than 900 weavers and suppliers across different states. Currently, their product catalog includes over 300,000 different SKUs.
Saraswati Saree Depot IPO Objectives:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding working capital requirements of the company.
- General corporate purposes.
Saraswati Saree Depot IPO Review (Apply or Not)
- Update soon
Saraswati Saree Depot IPO Date & Price Band Details:
| IPO Open: | August 12, 2024 |
| IPO Close: | August 14, 2024 |
| IPO Size: | Approx ₹160.01 Crores, 10,800,000 Equity Share |
| Fresh Issue: | Approx ₹104.00 Crores, 6,499,800 Equity Share |
| Offer for Sale: | Approx ₹56.02 Crores, 3,501,000 Equity Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹152 to ₹160 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Saraswati Saree Depot IPO Lot Size:
The minimum market lot for the Saraswati Saree Depot IPO is set at 90 shares, requiring an application amount of ₹14,400. Retail investors have the opportunity to apply for up to 13 lots, which equates to 1,170 shares or a total investment of ₹187,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 90 | ₹14,400 |
| Retail Maximum | 13 | 1170 | ₹187,200 |
| S-HNI Minimum | 14 | 1,260 | ₹201,600 |
| B-HNI Minimum | 70 | 6,300 | ₹1,008,000 |
Saraswati Saree Depot IPO Timeline:
The Saraswati Saree Depot IPO will open on August 12 and close on August 14. The allotment of shares is scheduled to be finalized on August 16, with the IPO listing set for August 20.
| IPO Open Date: | August 12, 2024 |
| IPO Close Date: | August 14, 2024 |
| Basis of Allotment: | August 16, 2024 |
| Refunds: | August 19, 2024 |
| Credit to Demat Account: | August 19, 2024 |
| IPO Listing Date: | August 20, 2024 |
Saraswati Saree Depot IPO GMP Today:
GMP for Saraswati Saree Depot IPO is not yet started. We are updating GMP information daily. Please visit us back shortly on latest GMP updates.
Saraswati Saree Depot Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹- | ₹- | ₹- |
| 2022 | ₹550.31 | ₹533.82 | ₹12.31 |
| 2023 | ₹603.52 | ₹572.65 | ₹22.97 |
Saraswati Saree Depot IPO Valuation – FY2023
Check Saraswati Saree Depot IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.94 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 64.93% |
| Net Asset Value (NAV): | ₹10.69 per Equity Share |
Peer Group
- Go Fashion (India) Ltd
- Sai Silks (Kalam andir) Limited
Company Promoters
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Saraswati Saree Depot IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/
Saraswati Saree Depot IPO Allotment Status Check
Check Saraswati Saree Depot IPO allotment status on Bigshare website allotment URL. Click Here
Saraswati Saree Depot IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt Ltd
Company Address
Saraswati Saree Depot Limited
Sr No.144/1 Manademala,
Near Tawade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur – 416005
Phone: +919271009858
Email: cs@saraswatisareedepotlimited.com
Website: https://www.saraswatisareedepot.com/
Saraswati Saree Depot IPO FAQs
1. What are the opening and closing dates for the Saraswati Saree Depot IPO?
The Saraswati Saree Depot IPO will open on August 12, 2024, and close on August 14, 2024.
2. What is the price band for the Saraswati Saree Depot IPO?
The price band for the Saraswati Saree Depot IPO has not been disclosed yet. It will be announced closer to the IPO date.
3. How much is the company planning to raise through the IPO?
Saraswati Saree Depot aims to raise approximately ₹160.01 crores through the IPO, which includes a fresh issue of ₹56.02 crores and an offer for sale of up to 6,499,800 equity shares.
4. What is the minimum market lot for the Saraswati Saree Depot IPO?
The minimum market lot for the IPO is 90 shares, with a corresponding application amount of ₹14,400.
5. Can retail investors apply for multiple lots?
Yes, retail investors can apply for up to 13 lots, which equates to 1,170 shares or a total investment of ₹187,200.
6. When will the allotment of shares be finalized?
The allotment of shares is scheduled to be finalized on August 16, 2024.
7. When will the Saraswati Saree Depot IPO be listed on the stock exchanges?
The IPO is expected to be listed on the stock exchanges on August 20, 2024.
8. What is the retail investor quota for the Saraswati Saree Depot IPO?
The retail investor quota for the IPO is set at 35% of the total offering.
9. What is the allocation for Qualified Institutional Buyers (QIBs) and High Net-worth Individuals (HNIs)?
The allocation for QIBs is 50%, while the HNI quota is 15%.
10. What is the primary business of Saraswati Saree Depot?
Saraswati Saree Depot is a leading player in the wholesale saree (B2B) market. They also engage in the wholesale distribution of other women’s apparel, such as kurtis, dress materials, blouse pieces, lehengas, and bottoms.
11. How can I apply for the Saraswati Saree Depot IPO?
You can apply for the IPO through your stockbroker or any online trading platform that supports IPO applications. Ensure your demat account is active and linked to your trading account for a seamless application process.
12. Who are the lead managers for the Saraswati Saree Depot IPO?
The lead managers for the IPO have not been announced yet. This information will be available closer to the IPO date.
