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Saraswati Saree IPO

  • Status: Closed
  • RHP:
  • ₹ 13,680 / 90 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    20 Aug 2024

  • Listing Price

    ₹200.00

  • Listing Change

    25.00%

  • Last Traded Price

    ₹156.47

IPO Details

  • Open Date

    12 Aug 2024

  • Close Date

    14 Aug 2024

  • IPO Price Range

    ₹ 152 to ₹ 160

  • IPO Size

    ₹ 160.01 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    20 Aug 2024

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IPO Timeline

Saraswati Saree IPO Subscription Status

Last Updated: 14th August 2024, 5:35 PM by 5paisa

Saraswati Saree Depot IPO is set to open on 12 August 2024 and will close on 14 August 2024. The company is a well-known producer and wholesaler in the women's clothing industry, concentrating primarily on the business-to-business (B2B) saree market

The IPO includes a fresh issue of 35,01,000 shares aggregating up to ₹56.02 Cr and an offer for sale of 64,99,800 shares aggregating up to ₹104 Cr. The price range is ₹152 to ₹160 per share and the lot size is 90 shares. 

The allotment is scheduled to be finalized on 16 August 2024. It will go public on BSE & NSE, with a tentative listing date of 20 August 2024.

Unistone Capital Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. 

Saraswati Saree IPO Size

Types Size (₹Cr)
Total IPO size 160.01
Offer for sale 104.00
Fresh issue 56.02

Saraswati Saree IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 90 14,400
Retail (Max) 13 1,170 1,87,200
S-HNI (Min) 14 1,260 2,01,600
S-HNI (Max) 69 6,210 9,93,600
B-HNI (Min) 70 6,300 10,08,000

 

Saraswati Saree IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 64.12 50,00,400 32,06,47,500 5,130.36
NII (HNI) 358.47 15,00,120 53,77,48,650 8,603.98
Retail 61.59 35,00,280 21,55,68,450 3,449.10
Total 107.39 1,00,00,800 1,07,39,64,600 17,183.43

 

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

Since its incorporation in 1996, Saraswati Saree Depot Limited has grown to become a well-known producer and wholesaler in the women's clothing industry, concentrating primarily on the business-to-business (B2B) saree market. The firm, which dates back to 1966, has a long history in the saree industry, which is demonstrated by its steady performance and significant market share.

Over 90% of Saraswati Saree Depot's total revenue comes from the wholesale distribution of sarees, which is the company's primary operation. Apart from sarees, the firm deals in the wholesale trade of many kinds of women's clothes, including bottoms, lehengas, kurtis, dress materials, and blouse pieces. Their wide selection of products has allowed them to satisfy a wide range of consumer wants and market preferences.

The firm served more than 15,000 distinct clients in Fiscal 2023, demonstrating the breadth of its clientele. With over 300,000 distinct SKUs, the product catalog demonstrates the company's dedication to both diversity and client happiness. Over 900 weavers and suppliers located in India's main production centers—Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru—provide this enormous inventory.

Peers

1. Go Fashion (India) Ltd
2. Sai Silks (Kalamandir) Ltd

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 612.58 603.52 550.31
EBITDA 41.14 34.05 20.85
PAT 29.53 22.97 12.31
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 205.94 188.85 169.93
Share Capital 33.10 0.10 0.10
Total Borrowings 43.49 41.43 66.62
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -8.54 35.19 -39.73
Net Cash Generated From / (used in) investing activities -0.23 -4.37 -3.79
Net Cash Generated From / (used in) financing activities -0.41 -29.00 60.65
Net Increase (Decrease) In Cash And Cash Equivalents -9.18 1.82 17.13


Strengths

1. Saraswati Saree Depot Limited boasts a rich history and deep expertise in the saree wholesale business.
2. The company has a dominant market presence and significant influence in the industry.
3. The company offers an extensive catalog of over 300,000 SKUs catering to a wide array of customer preferences and market demands.
4. The company ensures a consistent and diverse supply of high-quality products.
5. In Fiscal 2023, the company served over 15,000 unique customers, demonstrating its wide reach and customer loyalty.
6. More than 90% of the company's revenue is generated from saree sales, highlighting a focused and successful business model.
 

Risks


1. The company’s heavy reliance on sarees for the majority of its revenue exposes it to changes in consumer preferences.
2. Dependence on a large number of suppliers means that any disruptions in supply chains could significantly impact operations.
4. The apparel industry is highly competitive, with numerous players vying for market share. 
5. Managing a vast product catalog and maintaining quality across a wide range of products can be challenging. 
6. Changes in regulations related to labor, trade, and environmental standards could impose additional costs and operational adjustments.
 

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FAQs

Saraswati Saree Depot IPO opens from 12th August to 14th August 2024.

The size of Saraswati Saree Depot IPO is ₹160.01 Cr.

The price of Saraswati Saree Depot IPO is fixed at ₹152 to ₹160 per share. 

To apply for Saraswati Saree Depot IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Saraswati Saree Depot IPO.    
3. 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.

The minimum lot size of Saraswati Saree Depot IPO is 90 shares and the investment required is ₹14,400.
 

The share allotment date of Saraswati Saree Depot IPO is 16th August 2024

The Saraswati Saree Depot IPO will be listed on 20th August 2024.

Unistone Capital Pvt Ltd is the book-running lead manager for Saraswati Saree Depot IPO.

Saraswati Saree Depot plans to utilize the raised capital from the IPO for:

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