SD Retail IPO (SWEET DREAMS) Details: The SD Retail IPO is scheduled to open on September 20, 2024, and will close on September 24, 2024. This Book Built Issue aims to raise approximately ₹64.98 crores, including a fresh issue of ₹64.98 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the SD Retail IPO is set between ₹124 and ₹131 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on the NSE SME platform on September 27, 2024, with the allotment date scheduled for September 25, 2024.
In terms of financial performance, the company reported a revenue of ₹135.69 crores for 2023, up from ₹128.74 crores in 2022. However, the profit decreased to ₹4.30 crores in 2023 from ₹10.11 crores in the previous year. Given these financials, long-term investors may find this IPO worth considering.
SD Retail IPO (SWEET DREAMS) Objectives:
- Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (“EBOs”)
- Funding Working Capital Requirement
- General Corporate Purpose
SD Retail IPO (SWEET DREAMS) Review (Apply or Not)
- Update soon
SD Retail IPO (SWEET DREAMS) Date & Price Band Details:
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹124 to ₹131 Per Share |
| Issue Size: | Approx ₹64.98 Crores |
| Fresh Issue: | Approx ₹64.98 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
SD Retail IPO (SWEET DREAMS) Lot Size:
The minimum market lot for the SD Retail IPO is 1,000 shares, requiring an application amount of ₹131,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹131,000 |
| Retail Maximum | 1 | 1000 | ₹131,000 |
| HNI Minimum | 2 | 2000 | ₹262,000 |
SD Retail IPO (SWEET DREAMS) Timeline:
The SD Retail IPO is set to open on September 20 and will close on September 24. Allotments will be finalized on September 25, with the IPO scheduled to be listed on September 27.
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Basis of Allotment: | September 25, 2024 |
| Refunds: | September 26, 2024 |
| Credit to Demat Account: | September 26, 2024 |
| IPO Listing Date: | September 27, 2024 |
SD Retail IPO (SWEET DREAMS) GMP Today:
The Grey Market Premium (GMP) for the SD Retail Logo SME IPO is ₹0. With a price band of ₹131.00, the estimated listing price for the IPO is ₹131, which is the sum of the cap price and today’s GMP. Consequently, the expected percentage gain or loss per share is 0.00%.
Promoters of SD Retail IPO
The promoters of SD Retail IPO include Mr. Hitesh Pravinchandra Ruparelia, Mr. Utpalbhai Pravinchandra Ruparelia, M/s. Sweet Dreams Loungewear (India) LLP (formerly Sweet Dreams Loungewear (India) Private Limited), and M/s. Grace Garments LLP.
About SD Retail Limited
SD Retail Limited specializes in designing, manufacturing, outsourcing, marketing, and retailing sleepwear products under the brand name “SWEET DREAMS.” Renowned for its sleepwear, SWEET DREAMS offers a broad range of stylish and comfortable sleepwear for the entire family. Combining comfort, style, and functionality, SWEET DREAMS occupies a distinctive position in the apparel category, with its products being worn daily by customers.
The brand is particularly popular among modern Indian women for its sleepwear, which is available through various retail channels. Additionally, the company offers a new range of sleepwear for men and children, boasting one of the most extensive portfolios in the Indian market in terms of fabrics, colors, and styles. Their product lineup includes pyjamas, night sets, nighties, t-shirts, and more.
SD Retail Limited operates from a well-equipped manufacturing facility featuring the latest machinery necessary for modern production. The company designs products for men, women, and children (ages 2 to 16), with fits suited to various body types and physiques. Beyond sleepwear, SD Retail also offers loungewear, workout wear, athleisure, and work leisure pants.
SD Retail IPO Company Financial Report
The company reported revenue of ₹135.69 crores in 2023 against ₹128.74 crore in 2022. The company reported profit of ₹4.30 crores in 2023 against profit of ₹10.11 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹96.52 | ₹96.23 | ₹0.37 | ₹60.55 |
| 2022 | ₹128.74 | ₹117.10 | ₹10.11 | ₹77.60 |
| 2023 | ₹135.69 | ₹129.86 | ₹4.30 | ₹88.36 |
| Feb 2024 | ₹144.80 | ₹136.51 | ₹6.15 | ₹117.50 |
SD Retail IPO Valuation – FY2023
Check SD Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.42% |
| ROCE: | 14.41% |
| EBITDA Margin: | 5.63% |
| PAT Margin: | 3.18% |
| Debt to equity ratio: | 0.60 |
| Earning Per Share (EPS): | ₹3.13 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.58% |
| Net Asset Value (NAV): | ₹24.85 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Go Fashions (India) Limited | 15.33 | 65.53 | 15.73 | 96.36 | 665.28 Cr. |
| Bella Casa Fashion & Retail Limited | 6.80 | 17.23 | 10.33 | 65.88 | 201.76 Cr. |
| S.P. Apparels Limited | 36.02 | 8.93 | 12.62 | 269.03 | 939.52 Cr. |
SD Retail IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
SD Retail Limited
C-929, Stratum at Venus ground,
Nr. Jhansi Ki Rani Statue, Nehrunagar
Ambawadi, Ahmedabad -380006,
Phone: +91 7043106787
Email: info@sweetdreamsindia.com
Website: https://www.sweetdreams.in/
1. What is the SD Retail IPO? The SD Retail IPO is an initial public offering for SD Retail Limited, a company specializing in sleepwear products under the brand name “SWEET DREAMS.” This IPO allows investors to buy shares in the company as it seeks to raise capital for growth and expansion.
2. When will the SD Retail IPO open and close? The SD Retail IPO will open on September 20, 2024, and close on September 24, 2024.
3. What is the minimum application amount for the SD Retail IPO? The minimum application amount for the SD Retail IPO is ₹131,000, which corresponds to a market lot of 1,000 shares.
4. What is the price band for the SD Retail IPO? The price band for the SD Retail IPO is set at ₹131.00 per share.
5. When will the allotment of shares be finalized? The allotment of shares for the SD Retail IPO will be finalized on September 25, 2024.
6. When is the expected listing date for the SD Retail IPO? The expected listing date for the SD Retail IPO is September 27, 2024.
7. What is the Grey Market Premium (GMP) for the SD Retail IPO? As of September 16, 2024, the Grey Market Premium (GMP) for the SD Retail IPO is ₹0. The estimated listing price is ₹131, which is the cap price plus today’s GMP.
8. Who are the promoters of SD Retail Limited? The promoters of SD Retail Limited are Mr. Hitesh Pravinchandra Ruparelia, Mr. Utpalbhai Pravinchandra Ruparelia, M/s. Sweet Dreams Loungewear (India) LLP (formerly Sweet Dreams Loungewear (India) Private Limited), and M/s. Grace Garments LLP.
9. What products does SD Retail Limited offer? SD Retail Limited offers a range of sleepwear products under the brand name “SWEET DREAMS.” Their portfolio includes pyjamas, night sets, nighties, t-shirts, and more, catering to men, women, and children. The company also provides loungewear, workout wear, athleisure, and work leisure pants.
10. Where is SD Retail Limited’s manufacturing facility located? SD Retail Limited operates a modern manufacturing facility equipped with the latest machinery, designed to cater to a wide range of sleepwear needs across different age groups and body types.
11. How can I apply for the SD Retail IPO? You can apply for the SD Retail IPO through your broker or online trading account. Ensure you meet the minimum application amount and follow the necessary steps to submit your application before the closing date.
