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SD Retail Shines on Debut, Shares Open at ₹145 with 11% Premium on NSE SME – Full Details Here!

SD Retail launched on the NSE SME at ₹145, an 11% premium. The ₹65 crore IPO was oversubscribed 97 times and opened from September 20-24, 2024.
SD Retail Shines on Debut, Shares Open at ₹145 with 11% Premium on NSE SME - Full Details Here!

SD Retail had a solid market debut, listing its shares at ₹145 on NSE SME, an 11% premium over the ₹131 issue price. The ₹65 crore IPO was open for subscription from September 20 to 24, 2024.

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The IPO included only a fresh issue of 49.6 lakh shares, with no offer-for-sale. It garnered significant interest, achieving an overall subscription rate of 97 times, with non-institutional investors oversubscribed 207 times and the retail segment 65 times.

SD Retail Limited designs and markets the “SWEET DREAMS” brand, providing stylish sleepwear for all ages. Their range includes sleepwear, loungewear, athleisure, and work leisure pants. With a robust manufacturing unit and contract manufacturing, they efficiently manage bulk orders, offering Essentials year-round and Fashion through seasonal collections, sold via EBOs, MBOs, e-commerce, and their website.

The objective of SD Retail’s IPO is to raise funds for expanding its business operations, enhancing retail presence, and improving infrastructure. This capital will also support inventory management and overall growth initiatives, positioning the company for long-term success in the market.

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