Saraswati Saree Depot Limited(12 Aug-14 Aug, 2024)

 About The Company

Incorporated in 1996 Engaged in manufacturing and wholesale women's apparel. Primary business is the wholesale (B2B) segment of sarees Also engaged in the wholesale business of other women's apparel, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. The company regularly sources sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India Currently, product catalogue lists more than 300,000 different SKUs The company majorly sells products in southern and western regions comprising mainly Maharashtra, Goa, Karnataka and Tamil Nadu The company has served more than 15,000 unique customers in fiscal 2023. Over 90 percent of the company's revenue comes from saree sales.

Financial Report

Revenue increased by 9.67% and profit after tax (PAT) rose by 86.66% between the financial year ending with March 31, 2023 and March 31, 2022.

(Amount in ₹ Crore)

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2022	31 Mar 2022
Assets	188.85	169.93	NA	NA
Revenue	603.52	550.31	NA	NA
Profit After Tax	22.97	12.31	NA	NA
Net Worth	35.38	12.41	NA	NA
Reserves and Surplus	NA	NA	NA	NA
Total Borrowing	41.43	66.62	NA	NA

                                    

Key Performance Indicator

KPI	Values
ROE	96.15%
ROCE	98.03%
Debt/Equity	1.17
RoNW	64.93%
P/BV	14.97

	Pre IPO	Post IPO
EPS	6.94	5.8
P/E	23.05	27.58

Objective

Funding working capital requirements of the company. General corporate purposes.

Promoter Holding

Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani are the promoters of the company. (100%)

 IPO Details

Face Value	₹10 per share
Price Band	₹152 to ₹160 per share
Lot Size	90 Shares
Total Issue Size	10,000,800 shares (aggregating up to ₹160.01 Cr)
Fresh Issue	6,499,800 shares (aggregating up to ₹104.00 Cr)
Offer for Sale	3,501,000 shares of ₹10 (aggregating up to ₹56.02 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

 IPO Timeline (Tentative Schedule)

IPO Open Date	Monday, August 12, 2024
IPO Close Date	Wednesday, August 14, 2024
Basis of Allotment	Friday, August 16, 2024
Initiation of Refunds	Monday, August 19, 2024
Credit of Shares to Demat	Monday, August 19, 2024
Listing Date	Tuesday, August 20, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 14, 2024
IPO Open Date	Monday, August 12, 2024

IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	90	₹14,400
Retail (Max)	13	1170	₹187,200
S-HNI (Min)	14	1,260	₹201,600
S-HNI (Max)	69	6,210	₹993,600
B-HNI (Min)	70	6,300	₹1,008,000