August 20, 2024
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Saraswati Saree Depot IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Updates of Saraswati Saree Depot IPO
The scrip is listed at Rs. 194, premium of 21.25% over the issue price. The listing has been below the expectations of the grey market.
What is the last GMP of Saraswati Saree Depot IPO?
Last GMP Rs. 46/47
What is the subscription status of Saraswati Saree Depot?
Saraswati Saree Depot IPO Subscriptions (Closed)Price Rs. 160 Lot 90 shares, Rs. 160.01 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 64.12 | 389.28 | 296.85 | 358.47 | 61.59 | 107.39 |
| Applications: 21,70,552 / (55.81x) Amount wise Bids recd. Rs. 17183.47 Crore |
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What is the promoter of Saraswati Saree Depot IPO?
TTHE PROMOTERS OF THE COMPANY ARE MAHESH DULHANI, RAJESH DULHANI, SHANKAR DULHANI AND VINOD DULHANI
What are the Objects of Saraswati Saree Depot IPO?
The Offer comprises of fresh issue of Capital and an offer for sale of shares.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following
objects:
1. Funding working capital requirements of the Company; and
2. General corporate purposes
What is the business of Saraswati Saree Depot?
Saraswati Saree Depot is a key player in sarees wholesale (B2B) segment and its origin into the
sarees business dates back to the year 1966. It is also engaged in the wholesale business of other
women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On an
average of more than 90% of its total revenues are generated from sale of sarees. In Fiscal 2023, it
has served over 15,000 unique customers and its product catalogue consists of more than 3,00,000
different SKUs.
Saree is an ethnic wear garment which has its origin in India and is one of the most popular readymade
garment in India which is wore on casual occasions as well as on festive occasions. A saree typically
ranges from six to nine yards in length and can be worn in several ways. In India there are different kind
of sarees which are prevalent with Indian women.
After incorporation in 2021, the Company has been carrying on the business with the same core values
and management team. In Fiscal 2023 the Company provided service to more than 15,000 unique
customers and crossed Rs. 6,000 million in sales in Fiscal 2023.
Its sarees are sourced from different manufacturers across India. Over the years, it has developed
relationships with these manufacturers in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. It regularly sources sarees and other women’s apparel from more than 900
weavers/suppliers across different states in India. Currently, its product catalogue lists more than
300,000 different SKUs.
For more information, click www.saraswatisareedepot.com
Saraswati Saree Depot IPO GMP, Particulars & Guidance
| Saraswati Saree Depot IPO Details | |
| IPO opens on | 12 August 2024 |
| IPO closes on | 14 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1000800 Shares / Rs 160.01 Crore |
| * Fresh Issue | 6499800 Shares / Rs 104.00 Crore |
| * Offer for Sale | 3501000 Shares / Rs 56.01 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 152-160 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 90 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Saraswati Saree Depot? | Shares | Rs. in Cr |
| QIB (50 %) | 500400 | 80.01 |
| NII (15 %) | 150120 | 24.00 |
| RII (35 %) | 350280 | 56.00 |
| Employees | – | – |
| Total Shares | 1000800 | 160.01 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Saraswati Saree Depot IPO? | Amount Rs. | |
| Min Retail Application | 90 | 14400 |
| Max Retail Application | 1170 | 187200 |
| Small HNI (Min) application | 1260 | 201600 |
| Small HNI (Max) application | 6210 | 993600 |
| Big HNI Application | 6300 | 1008000 |
| What is the timetable of Saraswati Saree Depot IPO? | |
| IPO opens on | 12 August 2024 |
| IPO Closes on | 14 August 2024 |
| IPO Allotment on | 16 August 2024 |
| Unblocking of ASBA | 19 August 2024 |
| Credit of Shares | 19 August 2024 |
| Listing on | 20 August 2024 |
| Registered Office of Saraswati Saree Depot | |
| Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur, Maharashtra – 416005 |
|
| Who are the Lead Managers of Saraswati Saree DepotIPO? Unistone Capital Private Limited |
|
| Registrar to IPO | |
| Bigshare Services Private Limited |
Saraswati Saree Depot IPO GMP grey market premium, review, Subscription, allotment, listing estimate
| Saraswati Saree Depot IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 550.31 | 12.31 | 3.72 | 99.20 |
| 2022-23 | 603.52 | 22.97 | 6.94 | 64.93 |
| 2023-24 | 612.58 | 29.53 | 8.92 | 45.49 |
| Book Value of the Share on 31.03.2024 |
Rs. | 19.61 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 160 | ||
| Saraswati Saree Depot IPO Ratio Analysis |
|
| Price /EPS | 17.94 |
| Price/Book Value Ratio | 8.16 |
| Price/BV after IPO | ? |
How Saraswati Saree Depot IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Saraswwati Saree | 10 | 610.90 | 17.94 |
| Go Fashions | 10 | 762.83 | 71.80 |
| Sai Silk Kalamandir | 10 | 1373.55 | 21.34 |
| – | – | – | |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Saraswati Saree Depot IPO Review* by Paresh Gordhandas, CA & Research Analyst.
Will update soon
Quicklinks
Saraswati Saree Depot IPO GMP
Saraswati Saree Depot IPO GMP today details
Saraswati Saree Depot IPO GMP today, Details, Guidance, Subscription Status, allotment
Saraswati Saree Depot Anchor Investors Details
