Saraswati Saree Depot Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹40(25.00%)
Premium (ELP)
The Initial Public Offering of Saraswati Saree Depot Limited's culminated in its successful listing on Aug 20, 2024 at the NSE, BSE trading platform. The company secured 1,00,00,800 Shares through this capital market exercise, with 64,99,800 Shares allocated to new capital formation and ₹56.02 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹152 to ₹160, with minimum investment requirements of 90 shares. The subscription period from Aug 12, 2024 to Aug 14, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Aug 16, 2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Saraswati Saree Depot Limited, established in 1996, is a leading manufacturer and wholesaler of women's apparel, specializing in the B2B saree market. Along with sarees, the company also distributes kurtis, dress materials, blouse pieces, lehengas, and bottoms, catering to diverse customer preferences. With a strong presence in the women's apparel industry, Saraswati Saree Depot continues to serve retailers and businesses with a wide range of high-quality products.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide Supplier and Customer Network: The company works with over 900 weavers and suppliers across India, reducing reliance on a few key partners. With a well-diversified customer base, no single buyer or supplier dominates its revenue.
- Extensive Product Range: Specializing in women’s apparel, especially sarees, the company offers a variety of styles based on occasion, fabric, weave, and design trends, ensuring high quality and customer appeal.
- Strong Bulk Buying Power: With over 300,000 SKUs and two large stores, the company efficiently stocks inventory in large quantities, keeping costs low and products readily available.
- Heavy Dependence on Sarees: Since the business focuses mainly on women's sarees, changes in fashion trends or customer preferences could impact sales and growth.
- Limited Geographic Reach: With only two stores in Maharashtra, any local disruptions—like social unrest or natural disasters—could affect business operations and financial stability.
- Tough Market Competition: The company operates in a highly competitive industry, so staying ahead is crucial to maintaining strong sales and profitability.
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Saraswati Saree Depot Limited
Bigshare Services Private Limited