Issue Price
₹160
Per Share
GMP
NIL
Grey Market
Est. Listing
₹160
Expected Price
Min. Application
₹28,800
2 lots × 90 shares
Incorporated in 1996, Saraswati Saree Depot Limited is engaged in manufacturing and wholesale women's apparel.The company's primary business is the wholesale (B2B) segment of sarees. It is also engaged in the wholesale business 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 more than 900 weavers/suppliers across different states in India. Currently, our product catalog lists more than 300,000 different SKUs. The company majorly sells products in southern and western regions comprising mainly Maharashtra, Goa, Karnataka, and Tamil Nadu and the company has served more than 13,000 unique customers in fiscal 2024. The company stores offer saree products categorized by occasion, fabric, weave, and ornamentation. Over 90 percent of the company's revenue comes from saree sales.As of June 30, 2024, the company had an employee base of 314 employees in various departments.
Saraswati Saree Depot Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 10,000,800 | 100.00% | ₹160.01 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,400 |
| Retail (Max) | 13 | 1,170 | ₹187,200 |
| sNII (Min) | 14 | 1,260 | ₹201,600 |
| bNII (Min) | 70 | 6,300 | ₹1,008,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 612.58 | 603.52 | 550.31 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 29.53 | 22.97 | 12.31 |
| Net Worth | 64.91 | 35.38 | 12.41 |
| Total Assets | 205.94 | 188.85 | 169.93 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | 43.49 | 41.43 | 66.62 |