Saraswati Saree Depot Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Aug 2024

Close Date

14 Aug 2024

Allotment

16 Aug 2024

Listing Date

20 Aug 2024

Exchange

NSE & BSE

Price Band

₹160

Listing Price

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Allotment Status

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Price Band

₹160

Per share

Face Value

₹10 per share

Lot Size

90 Shares

per lot

Issue Size

1,00,00,800 shares (aggregating up to ₹160.01 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,400

1 lot

Pre-IPO Holding

3,31,00,000 shares

Promoters

Post-IPO Holding

3,95,99,800 shares

Promoters

P/E (Pre)

17.94x

P/E (Post)

21.46x

EPS (Pre)

₹8.92

EPS (Post)

₹7.46

UPI Deadline

2024-08-14

Mandate

Anchor AllotmentSun, 11 Aug 2024

Basis of AllotmentFri, 16 Aug 2024

Refund InitiationMon, 19 Aug 2024

Demat CreditMon, 19 Aug 2024

Listing DayTue, 20 Aug 2024

UPI Mandate Deadline2024-08-14

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares64,99,800 shares (aggregating up to ₹104.00 Cr)

Offer for Sale35,01,000 shares of ₹10 (aggregating up to ₹56.02 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Saraswati Saree Depot Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 14 Aug 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	10,000,800	100%	₹160.01

IPO Shares Offered

Saraswati Saree Depot Ltd. IPO total issue size: ₹160.01 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	10,000,800	₹160.01	100.00%

* Based on upper price band ₹160 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹160.00

Upper Band

Min Investment

₹14,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	180	₹28,800
Retail (Max — 13 Lots)	13	1,170	₹187,200
S-HNI (Min — 14 Lots)	14	1,260	₹201,600
B-HNI (Min — 70 Lots)	70	6,300	₹1,008,000

* Issue Price ₹160 × Lot Size 90 shares

IPO Schedule

Anchor

11 Aug 2024

✓ Done

IPO Open

12 Aug 2024

✓ Done

IPO Close

14 Aug 2024

✓ Done

Allotment

16 Aug 2024

✓ Done

Refunds

19 Aug 2024

✓ Done

Demat Credit

19 Aug 2024

✓ Done

Listing Day

20 Aug 2024

✓ Done

₹160.00

INR · BSE

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Issue ₹160.00 Live Price

About Saraswati Saree Depot Ltd.

Incorporated in 1996, Saraswati Saree Depot Limited is engaged in manufacturing and wholesale women's apparel.The company's primary business is the wholesale (B2B) segment of sarees. It is 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, our product catalog 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 and the company has served more than 13,000 unique customers in fiscal 2024. The company stores offer saree products categorized by occasion, fabric, weave, and ornamentation. Over 90 percent of the company's revenue comes from saree sales.As of June 30, 2024, the company had an employee base of 314 employees in various departments.

Objects of the Issue

Funding working capital requirements of the company.

General corporate purposes.

Saraswati Saree Depot Ltd. Financials (Amount In Crore)

Revenue from Operations

₹550.3

31 Mar 2022

₹603.5

31 Mar 2023

₹612.6

31 Mar 2024

Profit After Tax (PAT)

₹12.3

31 Mar 2022

₹23.0

31 Mar 2023

₹29.5

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	612.58	603.52	550.31
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Assets	205.94	188.85	169.93
Reserves & Surplus	N/A	N/A	N/A
Borrowings	43.49	41.43	66.62
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	4.83%	—	—

P/BV Ratio

8.16

RoE

58.88

RoCE

64.46

RoNW

45.49

PAT Margin

4.83%

Debt/Equity

0.67

Issue Structure & Shareholding

Total Shares Offered1,00,00,800 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding3,31,00,000 shares

Post-Issue Promoter Holding3,95,99,800 shares

P/BV Ratio8.16

RoE58.88

RoCE64.46

Debt / Equity0.67

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Saraswati Saree Depot Ltd. IPO subscribed? ▲

Saraswati Saree Depot Ltd. IPO is subscribed 1.00 times by Aug 14, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Saraswati Saree Depot Ltd. IPO retail subscription status? ▼

The Saraswati Saree Depot Ltd. IPO retail category is subscribed 1.00 times as of 14 Aug 2024. The retail portion is oversubscribed.

How to subscribe Saraswati Saree Depot Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Aug 2024 and closes 14 Aug 2024. Min investment: ₹14,400 (1 lot = 90 shares). UPI mandate: 2024-08-14.

How many times Saraswati Saree Depot Ltd. IPO subscribed? ▼

The Saraswati Saree Depot Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Saraswati Saree Depot Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Aug 2024. Refunds: on 19 Aug 2024.

When Saraswati Saree Depot Ltd. IPO will be listed? ▼

The Saraswati Saree Depot Ltd. IPO listing date is 20 Aug 2024, Tuesday. Listed on: NSE & BSE. Issue price: ₹160. Estimated listing: ₹160. GMP: NIL.

When Saraswati Saree Depot Ltd. IPO close? ▼

The Saraswati Saree Depot Ltd. IPO closes on 14 Aug 2024, Wednesday. UPI mandate: 2024-08-14. Allotment: 16 Aug 2024. Listing: 20 Aug 2024.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹160.00

Change—

Issue Price₹160.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹160

Face Value₹10

Lot Size90 Sh

Min. Amount₹14,400

GMPNIL

Est. Listing₹160

Subscribed1.00x

Open Date12 Aug 2024

Close Date14 Aug 2024

Allotment16 Aug 2024

Listing Date20 Aug 2024

ExchangeNSE & BSE

UPI Deadline2024-08-14