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Saraswati IPO
Saraswati Saree Depot Ltd
₹13,680 /90 sharesMinimum investment
IPO details
Minimum investment
₹13,680
Price range
₹152 - ₹160
Lot size
90
Issue size
160.01 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers64.12x
Non-Institutional Investor358.20x
Retail Individual Investor60.61x
Total107.01x
As of 14 Aug'24, 05:00 PM
Schedule
12 Aug 2024
IPO open date
14 Aug 2024
IPO close date
16 Aug 2024
Allotment date
16 Aug 2024
Funds unblock or debit
20 Aug 2024
Tentative listing date
About
Founded in
2021
MD/CEO
Mr. Vinod Dulhani
Parent organisation
Saraswati Saree Depot Ltd
Saraswati Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Since its establishment in 2021, the company has served over 13,000 unique customers and achieved sales exceeding Rs 600 crore.
The company collaborates with over 900 weavers and suppliers nationwide, offering an extensive product catalogue that features more than 300,000 different stock-keeping units (SKUs).
The company purchases in bulk from its network of weavers and suppliers, which optimises costs and minimises supply chain vulnerabilities
The company’s revenue from operations has shown consistent increase over recent years, rising from Rs 549.58 crore in FY22 to Rs 601.89 crore in FY23, and further to Rs 610.90 crore in FY24. Profit after tax (PAT) also increased from Rs 12.31 crore in FY22 to Rs 22.97 crore in FY23, and reached Rs 29.53 crore in FY24.
Saraswati Saree Depot's business primarily focuses on selling women's sarees. This renders it sensitive to fluctuations in market demand. Also, shifts in consumer tastes could negatively impact the company’s performance and financial health.
The company operates two stores in Maharashtra, located in Kolhapur and Ulhasnagar. Local disturbances, natural calamities, service disruptions, or closures at these locations could significantly harm the company’s operations and financial stability.
Saraswati Saree Depot's sales are influenced by seasonal trends, particularly festival seasons. A decline in revenue during these key times could negatively impact the company's financial status, operational results, and future prospects.
Saraswati Saree Depot relies heavily on the western one for its sales. Sales from the western zone accounted for 82.68%, 81.37%, and 80.88% of total revenue generated from sales in FY24, FY23, and FY22, respectively. Any negative shifts in this market could negatively impact the company's business performance.
The company is involved in various legal and regulatory proceedings that include its directors and promoters. Any negative judgments in these cases could damage its business prospects.
As of 31 August 2023, Saraswati Saree Depot had total indebtedness of Rs 35.54 crore.
Application details
For Saraswati IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹152 - ₹160 | Upto ₹2 Lakhs | 90 |
| High Networth Individual | ₹152 - ₹160 | ₹2 - ₹5 Lakhs | 90 |