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Saraswati Saree Depot Ltd

Trading

Offer Period :

12th to 14th Aug 2024

Saraswati Saree Depot, a prominent wholesale B2B saree supplier since 1966, dominates with over 90% revenue from saree sales. With a vast catalogue sourced from 900+ weavers, Read more... they're poised to leverage India's 5-6% CAGR saree market growth, projecting ₹625-650 billion by 2028.Read less

Saraswati Saree Depot Ltd IPO Details

IPO Date 12th to 14th Aug 2024 Minimum Investment ₹14400 / 1 Lots
Listing Date 2024-08-20 Maximum Investment ₹187200 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹160.01 Crores
Price ₹160 to ₹160 per share Fresh Issue ₹104 Crores
Lot Size 1 Lots (90 Shares) Offer For Sale ₹ 56.01
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 12th to 14th Aug 2024
Listing Date 2024-08-20
Face Value ₹10 per share
Price ₹160 to ₹160 per share
Lot Size 1 Lots (90 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14400 / 1 Lots
Maximum Investment ₹187200 / 13 Lots
Total Issue Size ₹160.01 Crores
Fresh Issue ₹104 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

12th Aug

IPO Starts

14th Aug

IPO Ends

16th Aug

Allotment Date

19th Aug

Initiation of Refund

19th Aug

Credit of Shares to Demat Account

20th Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 0
Public Group 0 0

Saraswati Saree Depot Ltd IPO Reservation

QIB Shares Offered 5000400(50%)
NII (HNI) Shares Offered 1500120(15%)
Retail Shares Offered 3500280(35%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 10000800
Total Shares With Anchor Investor 10000800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Saraswati Saree Depot Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22-62638200;
Email Id ipo@bigshareonline.com;
Our Website www.bigshareonline.com

Saraswati Saree Depot Ltd IPO Lead Manager

1. Unistone Capital Pvt Ltd

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Saraswati Saree Depot Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Saraswati Saree Depot Ltd

1. Diversified supplier and customer base.

2. Diverse product portfolio.

3. Bulk buying capabilities.

4. Experienced Promoters and strong management team.

5. Existing client and supplier relationships.

6. Collaborative and experienced work force.

Risks Involved

1. The company's business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand. Any changes in consumer preference could have an adverse effect on its business, results of operations and financial condition.

2. The company operates out of two stores in Maharashtra which are located at Kolhapur and Ulhasnagar. Any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Maharashtra or any disruption in production at, or shutdown of, its stores could have material adverse effect on the company's business and financial condition.

3. The Company is operating in wholesale segment due to which its lack visibility and direct connection with the end consumers of the company's products which may adversely affect its ability to build brand loyalty and awareness with the end consumers.

4. The company operates in highly competitive and fragmented industry with presence of large number of smaller unorganised players operating standalone outlets markets in each of its product segments and an inability to compete effectively may adversely affect its business, results of operations and financial condition.

5. Its business is subject to seasonality. Lower revenues in the festive period of any Fiscal may adversely affect the company's business, financial condition, results of operations and prospects.

6. A significant portion of its sales are derived from the western zone and any adverse developments in this market could adversely affect its business.

7. The company is dependent on third party weavers /suppliers for sourcing its products. The company does not have longterm or exclusive agreements with its weavers/suppliers and its may not be able to procure sufficient quantity or quality of goods from its weavers/ suppliers in a timely manner and at an acceptable price and this may adversely affect the business, results of operations and financial conditions.

8. The Company being in the wholesale sector requires significant amount of working capital for a continued growth. Its inability to meet the company working capital requirements may have an adverse effect on its results of operations.

9. The company has experienced negative cash flows in relation to its operating, investing and financing activities in the last three financial years. Any negative cash flows in the future would adversely affect the company's results of operations and financial condition.

10. If the company is unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.

Saraswati Saree Depot IPO Objectives

The primary aim of the Saraswati Saree Depot IPO is to secure funding to expand business operations and increase production capabilities. The capital raised will also be allocated towards repaying existing debts, thereby strengthening the company's financial foundation. These financial strategies are anticipated to accelerate growth in its primary business sector of saree distribution, allowing the company to broaden its product range and expand its distribution network. By implementing these strategies, Saraswati Saree Depot intends to solidify its market position, attract a broader customer base, and enhance its share in the competitive textile industry, ensuring long-term growth and sustainability.

How to Check the Allotment Status of the Saraswati Saree Depot IPO?

To verify the allotment status of the Saraswati Saree Depot IPO, investors should visit the website of Bigshare Services Pvt Ltd, the IPO's official registrar, or check on the BSE or NSE websites. By entering their application number or PAN, investors can easily access their status. This efficient method ensures that all applicants can quickly find out whether they have successfully received shares in the IPO, facilitating a transparent and user-friendly process for all participants involved.

FAQs

  1. Who is the CEO of Saraswati Saree Depot Limited?

    The CEO of Saraswati Saree Depot Limited is Vinod Dulhani.

  2. What is the purpose of the Saraswati Saree Depot Ltd IPO?

    The primary purpose of the Saraswati Saree Depot Ltd IPO is to raise funds for enhancing business operations, expanding production capacities, and repaying certain outstanding debts. These steps are aimed at improving the company's operational efficiency and market reach.

  3. Can I submit more than one application for the Saraswati Saree Depot Ltd IPO using one PAN?

    The primary purpose of the Saraswati Saree Depot Ltd IPO is to raise funds for enhancing business operations, expanding production capacities, and repaying certain outstanding debts. These steps are aimed at improving the company's operational efficiency and market reach.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 205.94 188.85
Total Liabilities 205.94 188.85
Total Expenses 573.92 572.65
Total Revenue 
612.58 603.52
Profit After Tax 29.53 22.97
EBITDA 42.82 35.68
Adjusted EBITDA 0 0

Saraswati Saree Depot Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-20 544230 SSDL
INE0PQ101010
₹160 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹160 ₹160
Open ₹200 ₹194
Low ₹190 ₹186
High ₹209.95 ₹203.7
Low ₹190 ₹186

Frequently Asked Questions

What is Saraswati Saree Depot Ltd IPO?

Answer Field

Saraswati Saree Depot Ltd IPO is a Mainboard IPO of 1,00,00,800 equity shares of a face value of ₹10 aggregating up to ₹160.01 Crores. The issue is priced at ₹160 to ₹160 per share. The minimum order quantity is 90 Shares. The IPO opens on August 12, 2024, and closes on August 14, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Saraswati Saree Depot Ltd IPO will open?

Answer Field

The Saraswati Saree Depot Ltd IPO opens on August 12, 2024 and closes on August 14, 2024.

What is the lot size of Saraswati Saree Depot Ltd?

Answer Field

Saraswati Saree Depot Ltd lot size is 90 shares, and the minimum amount required is ₹14,400.

How to apply for Saraswati Saree Depot Ltd IPO?

Answer Field

You can apply in Saraswati Saree Depot Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Saraswati Saree Depot Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Saraswati Saree Depot Ltd IPO will be done on August 16, 2024, and the allotted shares will be credited to your demat account by August 19, 2024.

When is Saraswati Saree Depot Ltd IPO listing date?

Answer Field

The Saraswati Saree Depot Ltd listing date is August 20, 2024.

Who is the registrar of Saraswati Saree Depot Ltd IPO?

Answer Field

The registrar of Saraswati Saree Depot Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Saraswati Saree Depot Ltd IPO?

Answer Field

The fresh issue size is ₹104 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Saraswati Saree Depot Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 90 shares and ₹14,400 amount.

How can I approve the UPI mandate request for Saraswati Saree Depot Ltd IPO?

Answer Field

To apply for Saraswati Saree Depot Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Saraswati Saree Depot Ltd?

Answer Field

The price of each Saraswati Saree Depot Ltd share will be ranging in between ₹160 to ₹160 per share.

What is the cut-off time for the UPI mandate for Saraswati Saree Depot Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 14, 2024.

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