Saraswati Saree Depot IPO Details: Saraswati Saree Depot IPO date not is fixed, the IPO is to hit the market on August 12, 2024 and will close on August 14, 2024. Saraswati Saree Depot IPO to raise around ₹160.01 crores via IPO that comprises fresh issue of ₹56.02 crores and offer for sale up to 6,499,800 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Saraswati Saree Depot is a key player in the sarees wholesale (B2B) segment (Source: CRISIL Report)and their origin in the sarees business dates back to the year 1966. They are also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average more than 90% of their total revenues are generated from the sale of sarees.
In Fiscal 2023, they have served over 15,000 unique customers and their product catalog consists of more than 3,00,000 different SKUs. In the year1993, to consolidate and re-organize the family business, the second generation of the Dulhani family took charge and joined hands by amalgamating their respective sole proprietorship businesses and undertaking the same through a newly form partnership firm “M/s. Saraswati Sadi Depot”. Consequently, the partnership firm formed by Late Laxmandas Danomal Dulhaniwas dissolved in the year 1996.
Their sarees are sourced from different manufacturers across India. Over the years, they have developed relationships with these manufacturers in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, 173 Kolkata, and Bengaluru. They regularly source 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.
Objects of the Issue
- Funding working capital requirements of the company.
- General corporate purposes.
Saraswati Saree Depot IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Saraswati Saree Depot IPO Date & Price Band Details
| IPO Open: | August 12, 2024 |
| IPO Close: | August 14, 2024 |
| IPO Size: | Approx ₹160.01 Crores, 10,800,000 Equity Share |
| Fresh Issue: | Approx ₹104.00 Crores, 6,499,800 Equity Share |
| Offer for Sale: | Approx ₹56.02 Crores, 3,501,000 Equity Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹152 to ₹160 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Saraswati Saree Depot IPO Market Lot
The Saraswati Saree Depot IPO minimum market lot is 90 shares with ₹14,400 application amount. The retail investors can apply up-to 13 lots with 1170 shares or ₹187,200 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 90 | ₹14,400 |
| Retail Maximum | 13 | 1170 | ₹187,200 |
| S-HNI Minimum | 14 | 1,260 | ₹201,600 |
| B-HNI Minimum | 70 | 6,300 | ₹1,008,000 |
Saraswati Saree Depot IPO Allotment & Listing Dates
The Saraswati Saree Depot IPO date is August 12 and the close date is August 14. The Saraswati Saree Depot IPO allotment will be finalized on August 16 and the IPO listing on August 20.
| IPO Open Date: | August 12, 2024 |
| IPO Close Date: | August 14, 2024 |
| Basis of Allotment: | August 16, 2024 |
| Refunds: | August 19, 2024 |
| Credit to Demat Account: | August 19, 2024 |
| IPO Listing Date: | August 20, 2024 |
Saraswati Saree Depot IPO Form
How to apply for the Saraswati Saree Depot IPO? You can apply for Saraswati Saree Depot IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Saraswati Saree Depot IPO in the Invest section. The other option is you can apply for Saraswati Saree Depot IPO via IPO forms downloaded via NSE and BSE.
Saraswati Saree Depot Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹- | ₹- | ₹- |
| 2022 | ₹550.31 | ₹533.82 | ₹12.31 |
| 2023 | ₹603.52 | ₹572.65 | ₹22.97 |
Saraswati Saree Depot IPO Valuation – FY2023
Check Saraswati Saree Depot IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.94 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 64.93% |
| Net Asset Value (NAV): | ₹10.69 per Equity Share |
Peer Group
- Go Fashion (India) Ltd
- Sai Silks (Kalam andir) Limited
Company Promoters
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Saraswati Saree Depot IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/
Saraswati Saree Depot IPO Allotment Status Check
Check Saraswati Saree Depot IPO allotment status on Bigshare website allotment URL. Click Here
Saraswati Saree Depot IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt Ltd
Company Address
Saraswati Saree Depot Limited
Sr No.144/1 Manademala,
Near Tawade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur – 416005
Phone: +919271009858
Email: [email protected]
Website: https://www.saraswatisareedepot.com/home
Saraswati Saree Depot IPO FAQs
What is Saraswati Saree Depot IPO?
Saraswati Saree Depot IPO is a main-board IPO. They are going to raise ₹160.01 Crores via IPO. The issue is priced at ₹152 to ₹160 pr equity share. The IPO is to be listed on BSE & NSE.
When Saraswati Saree Depot IPO will open?
The IPO is to open on August 12, 2024 for QIB, NII, and Retail Investors.
What is Saraswati Saree Depot IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Saraswati Saree Depot IPO?
You can apply for Saraswati Saree Depot IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Saraswati Saree Depot IPO Size?
Saraswati Saree Depot IPO size is ₹160.01 crores.
What is Saraswati Saree Depot IPO Price Band?
Saraswati Saree Depot IPO Price Band is ₹152 to ₹160.
What is Saraswati Saree Depot IPO Minimum and Maximum Lot Size?
The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].
What is the Saraswati Saree Depot IPO Allotment Date?
Saraswati Saree Depot IPO allotment date is August 16, 2024.
What is the Saraswati Saree Depot IPO Listing Date?
Saraswati Saree Depot IPO listing date is August 20, 2024. The IPO is to list on BSE and NSE.
Note: The Saraswati Saree Depot IPO price band and date are officially announced yet. The IPO grey market premium