Saraswati Saree Depot IPO
Saraswati Saree Depot IPO — date, price band, lot size & details 2024
Saraswati Saree Depot listed on 20 Aug 2024 at ₹194, 21.3% above the ₹160 issue price.
Saraswati Saree Depot is a key player in B2B saree wholesale, also trading kurtis, dress materials, blouse pieces and lehengas. Its total income was Rs 612.58 crore in FY2024.
Stock price
Saraswati Saree Depot is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 12 Aug 2024
- Close 14 Aug 2024
- Allotment 16 Aug 2024
- Refund/credit 19 Aug 2024
- Listing 20 Aug 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 14 Aug, 2024 |
|---|---|
| Price Band | ₹152 – ₹160 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹160.01 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 90 shares at the ₹160 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 90 | ₹14,400 |
| Retail (max) | 13 | 1,170 | ₹1,87,200 |
| S-HNI (min) | 14 | 1,260 | ₹2,01,600 |
| S-HNI (max) | 69 | 6,210 | ₹9,93,600 |
| B-HNI (min) | 70 | 6,300 | ₹10,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 12.31 crore in FY2022 to Rs 29.53 crore in FY2024.
- 02The pre-issue P/E was 17.94 at the upper band of Rs 160, based on EPS of Rs 8.92.
- 03Its saree business dates back to 1966.
- 04Net worth grew from Rs 12.41 crore on 31 March 2022 to Rs 64.91 crore on 31 March 2024.
- 05Rs 104.00 crore of the issue was fresh capital, mostly for working capital.
Risks · 5
- 01Total income grew slowly, from Rs 603.52 crore in FY2023 to Rs 612.58 crore in FY2024.
- 02Trading margins are thin, and the source puts the PAT margin at 4.83%.
- 03Wholesale trading needs heavy working capital, and borrowing was Rs 43.49 crore on 31 March 2024.
- 04Demand depends on festive and wedding seasons and changing fashion. Debt to equity was 0.67 as per the source.
- 05Promoters and the promoter group held 100% before the issue and 74.75% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Saraswati Saree Depot offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Saraswati Saree Depot RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Saraswati Saree Depot IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹8.92 | ₹7.46 |
| P/E Ratio (x) | 17.94 | 21.46 |
| Market Cap at Offer Price (₹ Cr) | ₹529.69 | ₹633.35 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹160 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹90.67 Cr of the issue is earmarked to named objects.
About the company
It trades women's apparel such as sarees, kurtis, dress materials, blouse pieces, lehengas and bottoms on a B2B basis.
Its promoters are Shankar Dulhani, Mahesh Dulhani, Rajesh Dulhani and Vinod Dulhani, and many members of the Dulhani family are in the promoter group.
The IPO was Rs 160.01 crore, with Rs 104.00 crore of fresh issue and Rs 56.02 crore of offer for sale by the promoters. Rs 81.00 crore of the fresh money was planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Saraswati Saree Depot IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Unistone Capital
17 issues handled (15 mainboard, 2 SME)Best listing: Sigachi Industries (+249.7%). Weakest: Fabtech Technologies (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Saraswati Saree Depot?
The current Grey Market Premium is ₹20, or 12% over the issue price.
What is the Saraswati Saree Depot IPO price band?
₹152 to ₹160, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 August 2024, with listing on 20 August 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
