Saraswati Saree Depot Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Saraswati Saree Depot Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹160
Per ShareLot Size
90 Shares
Minimum Investment
₹14,400
Issue Size
₹160.01 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Saraswati Saree Depot Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Issue Type
Book Building
ISIN
INE0PQ101010
About the Company
Saraswati Saree Depot Limited is a key player in sarees wholesale (B2B) segment and its origin into the sarees business dates back to the year 1966. The Company is engaged in the trading of women's apparel including sarees, kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. on a B2B basis. The Company is also engaged in the wholesale business of other women's apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On an average of more than 90% of its total revenues are generated from sale of sarees. In Fiscal 2024, the company has served over 13,000 unique customers and its product catalogue consists of more than 3,00,000 different SKUs.
Industry Overview
The apparel industry comprises companies that design and sell clothes. Within this, the readymade garments or apparel segment includes shirts, trousers, T-shirts and jeans. It also comprises ethnic wear, such as kurtas, salwar kameez, lehengas and sarees. Indian apparels players employ various business models. The two key differentiating factors in these models are the strategy used to manufacture or procure (purchase or outsource) apparel, and the strategy used to distribute it. The business models can be analysed by dividing into three stages: manufacturing, branding and distribution. Companies often operate across segments, depending on their strategy and business model.
Company History
Saraswati Saree Depot Limited was incorporated under the provisions of the Companies Act, 2013 as "Saraswati Saree Depot Private Limited" pursuant to certificate of incorporation dated March 18, 2021 issued by Central Registration Centre, Registrar of Companies. Subsequently, the Company has been converted into a public limited company and the name of the Company has changed to "Saraswati Saree Depot Limited" pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on March 08, 2023 and a fresh Certificate of Incorporation dated March 31, 2023 consequent upon change of name and upon conversion to public limited company has been issued by the RoC.
Products & Services
- The Company is engaged in the trading of women's apparel including sarees, kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.
Growth Strategy
- Strengthening Inventory Management Practices.
- Entering into men's ethnic wear segment.
- Leverage technology to bring cost efficiency and enhance customer experience.
- Capitalize on the increasing e-commerce for penetration in retail and wholesale category.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 10,000,800 equity shares of face value of Rs. 10 each ("Equity Shares") of Saraswati Saree Depot Limited ("Company or "Issuer") for cash at a price of Rs. 160 per equity share (including a share premium of Rs. 150 per equity share) ("Offer Price") aggregating up to Rs. 160.01 crores comprising a fresh issue of up to 6,499,800* equity shares aggregating up to Rs. 104.00 crores by the company ("Fresh Issue") and an offer for sale of up to 3,501,000 equity shares aggregating up to Rs. 56.02 crores ("Offer for Sale"), comprising of up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Tejas Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Amar Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Shevakram Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crorse by Sujandas Dulhani, up to 350,100 equity shares aggregating up to Rs. 5.60 crores by Tushar Dulhani, up to 350,100 equity shares aggregating up to Rs. 5.60 crores by Nikhil Dulhani, (collectively the "Promoter Group Selling Shareholders") and such equity shares offered by the promoter group selling shareholders (the "Offered Shares"). (such offer by each of the promoter group selling shareholders, the "Offer for Sale" and together with the fresh issue, the "Offer"). The offer shall constitute up to 25.25% of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diversified supplier and customer base.
- Diverse product portfolio.
- Bulk buying capabilities.
- Experienced Promoters and strong management team.
- Existing client and supplier relationships.
- The company's business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand. Any changes in consumer preference could have an adverse effect on its business, results of operations and financial condition.
- The company operates out of two stores in Maharashtra which are located at Kolhapur and Ulhasnagar. Any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Maharashtra or any disruption in production at, or shutdown of, its stores could have material adverse effect on the company's business and financial condition.
- The Company is operating in wholesale segment due to which its lack visibility and direct connection with the end consumers of the company's products which may adversely affect its ability to build brand loyalty and awareness with the end consumers.
- The company operates in highly competitive and fragmented industry with presence of large number of smaller unorganised players operating standalone outlets markets in each of its product segments and an inability to compete effectively may adversely affect its business, results of operations and financial condition.
- Its business is subject to seasonality. Lower revenues in the festive period of any Fiscal may adversely affect the company's business, financial condition, results of operations and prospects.