SD Retail IPO Subscription Status

SD Retail's initial public offering (IPO) has garnered significant investor interest, with subscription rates showing a remarkable increase over the three-day period. The IPO, which opened on 20th September 2024, witnessed a surge in demand, particularly in the retail and non-institutional investor segments, resulting in a robust 14.40 times oversubscription by 11:05:58 AM on day three. This strong response underscores the market's enthusiasm for SD Retail's shares and sets an optimistic tone for its potential listing in the competitive sleepwear and loungewear sector.

Throughout the subscription period, SD Retail attracted bids for 4,75,06,000 equity shares, amounting to a substantial ₹610.67 crore. This level of investor engagement suggests strong confidence in the company's business model and future prospects in the growing branded sleepwear market in India.

Subscription Status of SD Retail IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Detailed subscription details for SD Retail IPO as of Day 3 (24th September 2024, 11:05:58 AM):

Total Applications: 36,207

Note: The total amount is calculated based on the upper price of the issue price range (₹131 per share).

Key Highlights of the Subscription:

• The IPO of SD Retail has been subscribed 14.40 times overall, indicating strong investor interest in the branded sleepwear sector.
• Retail investors have shown overwhelming enthusiasm, with a subscription ratio of 21.96 times, suggesting high confidence among individual investors in the company's brand and growth potential.
• Non-Institutional Investors (NII) have demonstrated solid interest, with a subscription ratio of 15.10 times, indicating positive sentiment among larger investors.
• Qualified Institutional Buyers (QIB) have shown moderate interest, with a subscription ratio of 0.66 times, reflecting a more cautious approach from institutional investors.
• The overall subscription trend increased significantly day-on-day, particularly in the retail and NII segments, suggesting growing investor confidence in SD Retail's business model and the branded sleepwear market's future.

SD Retail IPO - Day 2 Subscription at 9.97 Times

Key Highlights:

• By Day 2, SD Retail's IPO subscription reached 9.97 times, driven primarily by strong retail and non-institutional investor participation.
• Retail investors showed remarkable interest with a subscription ratio of 15.79 times, indicating growing individual investor confidence in the company's brand.
• Non-Institutional Investors (NII) demonstrated increased interest with a subscription ratio of 8.81 times.
• Qualified Institutional Buyers (QIB) showed moderate interest with a ratio of 0.66 times.
• The overall subscription trend suggested building momentum across all investor categories, particularly in the retail segment.

SD Retail IPO - Day 1 Subscription at 0.70 Times

Key Highlights:

• The IPO of SD Retail opened to a modest 0.70 times subscription on Day 1, with initial demand coming mainly from Non-Institutional Investors.
• Non-Institutional Investors (NII) showed early interest with a subscription ratio of 1.15 times, indicating initial enthusiasm for the branded sleepwear sector.
• Retail investors displayed moderate initial interest with a subscription ratio of 0.81 times.
• Qualified Institutional Buyers (QIB) showed minimal initial interest with a subscription ratio of 0.16 times.
• The first-day response, while modest, laid the groundwork for increased participation in the following days, particularly in the retail and NII segments.

About SD Retail Limited

SD Retail Limited, founded in 2004, is a key player in India's branded sleepwear market. The company designs and sells "SWEET DREAMS" sleepwear for men, women, and children through various retail channels and e-commerce platforms. Operating on an asset-light model, SD Retail has a strong presence in domestic and international markets. As of May 2024, it employed 240 people.

Key strengths include brand recognition, diverse product range, and multi-format retail presence. Financially, as of March 2024, SD Retail reported total assets of ₹12,225.54 lakhs, revenue of ₹16,328.48 lakhs (20% YoY growth), and profit after tax of ₹759.76 lakhs (77% increase). The company's market capitalization was ₹245.26 crore, with an ROE of 6.29% and ROCE of 15.61%

Read more about SD Retail IPO

SD Retail IPO Details

• IPO Date: 20th September 2024 to 24th September 2024
• Listing Date: 27th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹124 to ₹131 per share
• Lot Size: 1000 Shares
• Total Issue Size: 4,960,000 shares (aggregating up to ₹64.98 Cr)
• Fresh Issue: 4,960,000 shares (aggregating up to ₹64.98 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd
• Registrar: Kfin Technologies Limited
• Market Maker: Spread X Securities