Saraswati Saree Depot
Mainboard₹14,400 / 90 Shares
Saraswati Saree Depot IPO Details
The Saraswati Saree Depot IPO price band is set between ₹152-160 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 12 Aug, 2024 and closes on 14 Aug, 2024. Investors can check the allotment status on 16 Aug, 2024, while the listing date is tentatively scheduled for 20 Aug, 2024.
The total issue size is Total ₹160.01 Cr :#Fresh Issue : 3,501,000 shares, aggregating up to ₹56.02 Cr. Stay tuned for the latest Saraswati Saree Depot IPO review and GMP updates.
Saraswati Saree Depot IPO Review, Rating & Analysis
Saraswati Saree Depot IPO Review
NO REVIEWSaraswati Saree Depot IPO Rating
Saraswati Saree Depot IPO Highlights
IPO Date
Aug 12, 2024 - Aug 14, 2024
Listing Date
20 Aug, 2024
Face Value
₹10 Per Equity Share
Price Band
₹152-160 per equity share
Lot Size
90 Shares
Fresh Issue
3,501,000 Shares
Offer for Sale
6,499,800 shares of ₹10
Listing At
BSE, NSE
Saraswati Saree Depot IPO Lot Size
The minimum market lot for Saraswati Saree Depot IPO is 90 shares with an application amount of ₹14,400. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,400 |
| Retail (Max) | 13 | 1170 | ₹1,87,200 |
| S-HNI (Min) | 14 | 1260 | ₹2,01,600 |
| S-HNI (Max) | 69 | 6210 | ₹9,93,600 |
| B-HNI (Min) | 70 | 6300 | ₹10,08,000 |
Saraswati Saree Depot IPO Timeline
Issue Price
₹152-160 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Unistone Capital Pvt LtdIssue Size
Total ₹160.01 Cr :#Fresh Issue : 3,501,000 shares(aggregating up to ₹56.02 Cr) +
#OFS : 6,499,800 shares of ₹10(aggregating up to ₹104 Cr)
Saraswati Saree Depot IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 205.94 | 612.58 | 29.53 | 64.91 | - | 43.49 |
| 31 Mar 23 | 188.85 | 603.52 | 22.97 | 35.38 | - | 41.43 |
| 31 Mar 22 | 169.93 | 550.31 | 12.31 | 12.41 | - | 66.62 |
All values are in ₹ Cr.
Saraswati Saree Depot IPO Valuations
EPS Pre IPO
₹6.94/-EPS Post IPO
₹5.80/-PE Pre IPO
23.05PE Post IPO
27.58ROE
58.88%ROCE
64.46%Debt Equity
0.67RoNW
45.49%PAT Margin
4.83%Price to Book Value
8.16Promoters & Share Holding
Promoter(s) Name
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 74.75% |
About Company
Saraswati Saree Depot Limited, incorporated in the year 1996, is involved in manufacturing and wholesaling women's apparels.
Wholesale (B2B) of sarees forms the core business of the company. It also conducts wholesale business in other women's apparels, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.
The company purchases regularly sarees and other women's apparels from over 900 weavers/suppliers based in different states of India. Our product catalog currently offers more than 300,000 different SKUs. The company mainly sells in southern and western regions comprising of mainly Maharashtra, Goa, Karnataka, and Tamil Nadu and has served more than 13,000 unique customers in fiscal 2024. Our company stores are offering saree products categorized into occasion, fabric, weave, and ornamentation. More than 90 percent of the revenues are generated by the sales of sarees.
The company, on June 30, 2024, was having a strength of 314 employees working for it in departments.
Saraswati Saree Depot IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,000,400 | 1,500,120 1,000,080 500,040 | 3,500,280 | 10,000,800 |
Day 1 -12-08-24 05:00 PM | 1.19 x | 12.62 12.65 x 12.55 x | 5.39 x | 4.37 x |
Day 2 -13-08-24 05:00 PM | 1.32 x | 57.18 54.61 x 62.30 x | 20.30 x | 16.34 x |
Day 3 -14-08-24 05:00 PM | 64.12 x | 358.47 389.28 x 296.85 x | 61.59 x | 107.39 x |
Retail:51.42x
BHNI:74.67x
SHNI:284.75 times
Company Contact Details
Saraswati Saree Depot
Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur – 416005Phone: +919271009858
Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Frequently Asked Questions about Saraswati Saree Depot IPO
When will Saraswati Saree Depot IPO open for subscription?
The Saraswati Saree Depot IPO opens on 12 Aug, 2024 and closes on 14 Aug, 2024.
What is the investors portion for Saraswati Saree Depot IPO?
The investors' portion for QIB is 64.12 x, NII is 389.28 x, and Retail is 61.59 x.
How to apply for Saraswati Saree Depot IPO?
You can apply for Saraswati Saree Depot IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Saraswati Saree Depot IPO?
The issue size of Saraswati Saree Depot IPO is approx ₹Total ₹160.01 Cr :#Fresh Issue : 3,501,000 shares(aggregating up to ₹56.02 Cr) +#OFS : 6,499,800 shares of ₹10(aggregating up to ₹104 Cr) crores.
What is the price band of Saraswati Saree Depot IPO?
The price band for Saraswati Saree Depot IPO is ₹152 to ₹160 per equity share.
What is the lot size of Saraswati Saree Depot IPO?
The minimum bid (lot size) for Saraswati Saree Depot IPO is N/A shares with an investment of approx ₹14,400 .
What is the allotment date of Saraswati Saree Depot IPO?
The allotment date for Saraswati Saree Depot IPO is 16 Aug, 2024.
What is the listing date of Saraswati Saree Depot IPO?
The listing date for Saraswati Saree Depot IPO is expected to be 20 Aug, 2024.
What is the GMP of Saraswati Saree Depot IPO?
The latest Grey Market Premium (GMP) for Saraswati Saree Depot IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.