Saraswati Saree Depot LTD IPO, Grey Market Premium 2024 (FORMERLY KNOWN AS SARASWATI SAREE DEPOT PRIVATE LIMITED) :

Saraswati Saree Depot Limited Incorporated in 1996, Saraswati Saree Depot Ltd. is engaged in the manufacturing and wholesaling of women’s apparel.he Company’s primary business is the wholesale (B2B) segment of sarees. It is also engaged in the wholesale trade 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 over 900 weavers/suppliers across various states in India. Currently, over 300,000 different SKUs are listed in our product catalog. The Company primarily sells products in the Southern and Western regions including Maharashtra, Goa, Karnataka and Tamil Nadu and the Company has served over 13,000 unique customers in FY 2024. The Company’s stores offer saree products categorized on the basis of occasion, fabric, weave and embellishments. More than 90 percent of the Company’s revenue comes from the sale of sarees.

Initial public offering of up to 10,800,000 equity shares of face value of ₹ 10 each of Saraswati Saree Depot Ltd. Saraswati Saree Depot Ltd IPO is a book built issue of Rs 160.01 crore. The issue is a combination of fresh issue of 0.65 crore shares, aggregating to Rs 104.00 crore and offer for sale of 0.35 crore shares, aggregating to Rs 56.02 crore.

Saraswati Saree Depot Ltd IPO will open for subscription on August 12, 2024 and close on August 14, 2024. Allotment for Saraswati Saree Depot Ltd IPO is expected to be finalized on Friday, August 16, 2024. Saraswati Saree Depot Ltd IPO will be listed on BSE, NSE and the tentative date of listing has been fixed as Tuesday, August 20, 2024. The price band of Saraswati Saree Depot IPO has been fixed at ₹152 to ₹160 per share. The minimum lot size for application is 90 shares. The minimum investment amount required by retail investors is ₹14,400. The minimum lot size investment for SNII is 14 lots (1,260 shares), amounting to ₹201,600, and for BNII it is 70 lots (6,300 shares), amounting to ₹1,008,000.

IPO Open Date – 12 August 2024
IPO Close Date – 14 August 2024
Basis of Allotment – 16 August 2024
Initiation of Refunds – 19 August 2024
Credit of Shares to Demat – 19 August 2024
Listing Date Tuesday – 20 August 2024

Cut-off time for UPI mandate confirmation 5 PM on August 14, 2024

Saraswati Saree Depot IPO Lot Size :

Investors can bid for a minimum of 90 shares and in multiples thereof. The table below shows the minimum and maximum investment by retail investors and HNIs in terms of shares and amount.

Application Lot Share Amount
Retail (Minimum) 1 90 ₹14,400
Retail (Maximum) 13 1170 ₹187,200
S-HNI (Minimum) 14 1,260 ₹201,600
S-HNI (Maximum) 69 6,210 ₹993,600
B-HNI (Minimum) 70 6,300 ₹1,008,000

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)
Saraswati Saree Depot Limited’s revenue grew by 2% and profit after tax (PAT) grew by 29% between the financial year ending March 31, 2024 and March 31, 2023.

Period Ended 31,March 2024 31,March 2023 31,March 2022
Assets 205.94 188.85 169.93
Revenue 612.58 603.52 550.31
Profit after tax 29.53 22.97 12.31
Net Worth 64.91 35.38 12.41
Total Borrowings 43.49 41.43 66.62
*Amount in ₹ Crore

Saraswati Saree Depot IPO Promoter :

Mr.Shankar Dulhani, Mr.Mahesh Dulhani, Mr.Rajesh Dulhani and Mr.Vinod Dulhani are the promoters of the company.

Key Performance Indicators:
The market capitalization of Saraswati Saree Depot IPO is Rs 633.6 crore.
KPI Value :
ROE – 58.88
ROCE – 64.46
Debt/Equity – 0.67
RONW – 45.49
P/BV – 14.97
PAT Margin (%) – 4.83

Pre IPO Post IPO
EPS (Rs) – 6.94 – 5.8
P/E (x) – 23.05 – 27.58

What is Saraswati Saree Depot IPO GMP today : Saraswati Saree Depot IPO GMP aka Grey Market Premium is ₹20.

What are Saraswati Saree Depot IPO KOSTK rates today : Saraswati Saree Depot IPO KOSTK rates are ₹-.

What is Saraswati Saree Depot IPO Subject to deal price today : Saraswati Saree Depot IPO Subject to deal rates are ₹1500.

Saraswati Saree Depot IPO Expected Returns : Saraswati Saree Depot Expected Return is 13%.

Saraswati Saree Depot IPO GMP Live Rates with day to day KOSTK rates.
Date IPO GMP Kostak Topic
Today ₹20 ₹1500
09 Aug ₹20 ₹1500
08 Aug – –
07 Aug – –
06 Aug – –

Saraswati Saree Depot Limited Contact Details

Saraswati Saree Depot Limited
SR No. 144/1 Manademala,
Near Tavade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur – 416005
Phone: +919271009858
Email: cs@saraswatisareedepotlimited.com
Website: https://www.saraswatisareedepot.com/home

Disclaimer:
The IPO Grey Market Premium (Saraswati Saree Depot IPO GMP) mentioned is valid for the specific date mentioned.We are not buying or selling IPO forms on the IPO Grey Market.Kostak rate is the premium that a person gets on selling his IPO application (in an off-market transaction) to someone else even before the allotment or listing of the issue.Do not subscribe to an IPO just by looking at the premium price as it can change anytime before listing. Subscribe only after keeping in mind the fundamentals of the companies.
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