Saraswati IPO

Saraswati Saree Depot Ltd

₹13,680 /90 sharesMinimum Investment

Saraswati IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹160.00₹194.00₹34.00 (21.25%)

Saraswati IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Aug ‘24 - 14 Aug ‘24₹13,68090₹152 - ₹160
Issue SizeIPO Doc
160.01Cr
RHP PDF

Subscription rate

As of 14 Aug'24, 05:00 PM
Qualified Institutional Buyers64.12x
Non-Institutional Investor358.2x
Retail Individual Investor60.61x
Total107.01x

About Saraswati

Saraswati Saree Depot operates in the wholesale business-to-business (B2B) sector of women's sarees. The company also offers other women's clothing items, including kurtis, dress materials, blouse pieces, lehengas, and bottoms. The company sources its sarees from manufacturers spread across India, and has developed relations with production hubs such as Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru.;
Founded in
2021
Managing director
Mr. Vinod Dulhani
Parent organisation
Saraswati Saree Depot Ltd

Strengths & Financials of Saraswati

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 Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Saraswati IPO

Apply asPrice bandApply upto
Regular152 - 160₹2 Lakh
High Networth Individual152 - 160₹2 - 5 Lakh
For Saraswati IPO, eligible investors can apply as Regular.
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