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Open
12 Aug 2024
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Close
14 Aug 2024
3
Allotment
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Listing
Tue, Aug 20, 2024
Price Band
₹152 to ₹160
Issue Size
1,00,00,800 shares (agg. up to ₹160 Cr)
Lot Size
90 Shares
Listing Date
Tue, Aug 20, 2024
Latest GMP
₹40
Est. Gain
25%
✦ AI Insight
GMP Trend
20-08-2024₹40Est. ₹200+25%
19-08-2024₹40Est. ₹200+25%
18-08-2024₹46Est. ₹206+28.75%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 108.44x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 205.94 | 188.85 | 169.93 |
| Total Income | 612.58 | 603.52 | 550.31 |
| Profit After Tax | 29.53 | 22.97 | 12.31 |
| NET Worth | 64.91 | 35.38 | 12.41 |
| Total Borrowing | 43.49 | 41.43 | 66.62 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kizi Apparels Ltd. | SME | ₹5.58 Cr | ₹21 | 15.01 | ₹24.30 | +15.71% | ₹19.94 (+19.98%) |
| Signoria Creation Ltd. | SME | ₹9.28 Cr | ₹65 | 9.37 | ₹137.55 | +111.62% | ₹141.25 (-4.98%) |
| Mish Designs Ltd. | SME | ₹9.76 Cr | ₹122 | 21.75 | ₹152.00 | +24.59% | ₹31.82 (-4.99%) |
| Karnika Industries Ltd. | SME | ₹25.07 Cr | ₹76 | 7.57 | ₹82.60 | +8.68% | ₹125.80 (+0.40%) |
| C P S Shapers Ltd. | SME | ₹11.10 Cr | ₹185 | 11.28 | ₹472.50 | +155.41% | ₹1,039.50 (+5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 81.00 |
| 2 | General Corporate Purposes | 9.67 |
| Total | 90.67 |
About Saraswati Saree Depot IPO
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.+ Read More
Contact Details
Saraswati Saree Depot Ltd. AddressSr No.144/1 ManademalaNear Tawade Hotel, Gandhinagar RoadUchagaonKolhapur, Maharashtra, 416005+919271009858cs@saraswatisareedepotlimited.comVisit Website