About Saraswati Saree Depot:
The company is a key player in the sarees wholesale (B2B) segment, as highlighted by the CRISIL Report. Established in 1966, the company has a long history in the sarees business. It is engaged in trading women’s apparel, including sarees, kurtis, dress materials, blouse pieces, lehengas, bottoms, and more, all on a B2B basis. Additionally, the company is involved in the wholesale business of various other women’s apparel items. More than 90% of its total revenues are generated from the sale of sarees. In Fiscal 2024, the company served over 13,000 unique customers and offered a product catalog with more than 300,000 different SKUs.
About the Industry in which Saraswati Saree Depot operates:
The apparel industry consists of companies that design and sell clothing. Within this industry, the readymade garments or apparel segment includes items like shirts, trousers, T-shirts, and jeans, as well as ethnic wear such as kurtas, salwar kameez, lehengas, and sarees. Indian apparel companies adopt various business models, primarily distinguished by their strategies for manufacturing or procuring (through purchasing or outsourcing) apparel and for distributing it. These business models can be analysed by breaking them down into three stages: manufacturing, branding, and distribution. Companies often operate across multiple segments depending on their chosen strategies and business models.
| Important Information and Timelines of the IPO of Saraswati Saree Depot: | |
|---|---|
| Open Date | 12 August 2024 |
| Close Date | 14 August 2024 |
| Total Issue Size – Number of Shares | 10000800 |
| Minimum Bid Price | 152 |
| Maximum Bid Price | 160 |
| Lot Size | 90 |
| Basis of Allotment | 16 August 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 19 August 2024 |
| Listing Date | 20 August 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Saraswati Saree Depot:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 90 | 14400 |
| Retail – Maximum | 13 | 1170 | 187200 |
| sHNI – Minimum | 14 | 1260 | 201600 |
| sHNI – Maximum | 69 | 6210 | 993600 |
| bHNI – Minimum | 70 | 6300 | 1008000 |
Objective of the IPO of Saraswati Saree Depot:
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Funding working capital requirements of our Company.
-
General corporate purposes.
Financials of Saraswati Saree Depot:
| Particulars | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|
| Share Capital | 331.00 | 1.00 | 1.00 |
| Net Worth | 649.09 | 353.82 | 124.08 |
| Total Income | 6,125.80 | 6,035.18 | 5,503.08 |
| Earnings Before Interest, Taxes, Depreciation, and Amortization | 411.41 | 340.53 | 208.46 |
| EBITDA Margin | 6.73% | 5.66% | 3.79% |
| Restated Profit/(Loss) After Tax | 295.28 | 229.74 | 123.08 |
| PAT Margin | 4.83% | 3.82% | 2.24% |
| Basic and Diluted EPS | 8.92 | 6.94 | 3.72 |
| Net Asset Value per Equity Share | 19.61 | 10.69 | 3.75 |
| Total Borrowings | 434.89 | 414.29 | 666.18 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Saraswati Saree Depot. You will receive a UPI mandate after 10:00 AM on 12 August 2024.
###1. How to apply for the IPO of Saraswati Saree Depot on Dhan?
You can apply for the IPO of Saraswati Saree Depot from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Saraswati Saree Depot be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 19 August 2024. However, you will be able to see the shares of Saraswati Saree Depot on Dhan before the market starts on the listing date which is 20 August 2024.