The problem was totally subscribed in all of the classes, however retail and non-institutional buyers led the bidding. The retail portion of the IPO was booked 3.34 occasions and the NII half was subscribed 5.06 occasions.
The IPO features a recent subject of as much as 65 lakh fairness shares and a suggestion on the market (OFS) of as much as 35 lakh fairness shares by the promoter group.
Saraswati Saree Depot IPO worth band
The corporate has mounted a worth band of Rs 152-160, the place buyers can bid for 90 shares in a single lot and in multiples thereafter.
Within the unlisted market, the corporate’s shares are buying and selling with a GMP of Rs 45, which interprets to a premium of 45% to the problem worth.Saraswati Saree Depot IPO overview
Analysts suggested solely excessive danger buyers to subscribe to the problem, contemplating the business dynamics, aggressive panorama, and money circulate considerations.
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“The saree wholesale business is extremely aggressive and fragmented, with low margins and important seasonality. Regardless of these challenges, Saraswati Saree Depot’s P/E valuation of 17.93x seems affordable,” stated Swastika Investmart.
Different particulars
Saraswati Saree Depot Restricted is a key participant within the sarees wholesale (B2B) phase and its origin into the sarees enterprise dates again to the yr 1966. Additionally it is engaged within the wholesale enterprise of different ladies’s attire put on corresponding to kurtis, gown supplies, shirt items, lehengas, bottoms, and so forth.
On common greater than 90% of its complete revenues are generated from sale of sarees.
The corporate sources sarees from completely different producers throughout India and has developed relationships in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. Saraswati Saree Depot Restricted which operates from two shops positioned in Maharashtra (Kolhapur and Ulhasnagar) lists greater than 300,000 completely different SKUs in its product catalogue.
In fiscal 2024, the corporate reported a income of Rs 610 crore with a web revenue of Rs 29.52 crore.
Unistone Capital Non-public Restricted is the book-running lead supervisor to the problem, whereas Bigshare Providers Non-public Restricted is the registrar to the supply.
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