Last updated on August 20, 2024
Saraswati Saree IPO Description – Saraswati Saree Depot is engaged in the wholesale trade of sarees and other women’s clothing such as Kurtis, Dress materials, Blouses, Lehengas, Bottoms, etc. On average, more than 90% of its total revenue comes from selling sarees. In FY 2024, the company served more than 13,000 private customers and its product catalog includes more than 3,00,000 different storage units.
Following the business growth, the company shifted operations to the newly-constructed Uchgaon premises in Kolhapur, Maharashtra in 2015, spanning over 169,120 sq ft with designated sections for different varieties of sarees and other apparel wear. The company regularly sources sarees and other women’s wear from over 900 weavers/suppliers across various states of India.
The company primarily sells its products in the southern and western regions of Maharashtra, Goa, Karnataka, and Tamil Nadu.
Promoters of Saraswati Saree Depot – Mahesh Dulhani, Rajesh Dulhani, Shankar Dulhani, and Vinod Dulhani
Table of Contents
Saraswati Saree IPO Details
| Saraswati Saree IPO Dates | 12 – 14 August 2024 |
| Saraswati Saree Issue Price | INR 152 – 160 per share |
| Fresh issue | 64,99,800 shares (INR 98.80 – 104 crore) |
| Offer For Sale | 35,01,000 shares (INR 53.22 – 56.02 crore) |
| Total IPO size | 1,00,00,800 shares (INR 152.01 – 160.01 crore) |
| Minimum bid (lot size) | 90 shares (INR 14,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Saraswati Saree Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 549.58 | 601.89 | 610.90 |
| Expenses | 533.82 | 572.65 | 573.93 |
| Net income | 12.31 | 22.97 | 29.53 |
| Margin (%) | 2.24 | 3.82 | 4.83 |
Figures in INR Crores unless specified otherwise
Saraswati Saree Offer News
- Saraswati Saree RHP
- Saraswati Saree DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Saraswati Saree Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 3.72 | 6.94 | 8.92 | 7.46 |
| PE Ratio | – | – | 17.04 – 17.93 | 20.38 – 21.46 |
* Calculated on the basis of annualized Profits After Tax for FY 2024
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 99.20 | 64.93 | 45.49 |
| NAV | 3.75 | 10.69 | 19.61 |
| ROCE (%) | 169.07 | 98.03 | 64.46 |
| EBITDA (%) | 3.79 | 5.66 | 6.73 |
| Debt/Equity | 5.37 | 1.17 | 0.67 |
*Compiled by IPO Central from Prospectus
Saraswati Saree IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 17 August 2024 | 50 | – | 3,500 |
| 16 August 2024 | 65 | – | 3,900 |
| 14 August 2024 | 70 | – | 4,200 |
| 13 August 2024 | 50 | – | 4,200 |
| 12 August 2024 | 32 | – | 2,600 |
| 10 August 2024 | 30 | – | 2,500 |
| 9 August 2024 | 25 | – | 1,500 |
Saraswati Saree IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company – INR 81 crore
- General corporate purposes
Saraswati Saree – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Saraswati Saree | 17.93 | 8.92 | 45.49 | 19.61 | 610.90 |
| Go Fashion (India) | 71.80 | 15.32 | 13.71 | 111.81 | 762.83 |
| Sai Silks (Kalamandir) | 21.34 | 7.51 | 9.49 | 72.14 | 1,373.55 |
Saraswati Saree IPO Dates & Listing Performance
| IPO Opening Date | 12 August 2024 |
| IPO Closing Date | 14 August 2024 |
| Finalization of Basis of Allotment | 16 August 2024 |
| Initiation of refunds | 19 August 2024 |
| Transfer of shares to demat accounts | 19 August 2024 |
| Saraswati Saree IPO Listing Date | 20 August 2024 |
| Opening Price on NSE | INR 194 per share (up 21.25%) |
| Closing Price on NSE | INR 203.70 per share (up 27.31%) |
Saraswati Saree IPO Reviews – Subscribe or Avoid?
Axis Capital – Not rated
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with Caution
Dalal & Broacha –
Elite Wealth – Not rated
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe for long term
ICICIdirect –
Indsec –
Jainam Broking – Avoid
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Systematix Shares –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities –
SBI Securities –
SMC Global –
SMIFS –
Swastika Investmart – Subscribe
Ventura Securities – Subscribe
Saraswati Saree Offer Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email: [email protected]
Website: www.unistonecapital.com
Saraswati Saree Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22-62638200
Email: [email protected]
Website: www.bigshareonline.com
Saraswati Saree Contact Details
SARASWATI SAREE DEPOT LIMITED
Sr No.144/1 Manademala, Near Tawade Hotel,
Gandhinagar Road, Uchagaon, Kolhapur,
Maharashtra – 416005
Phone: +91 9271009858
Email: [email protected]
Website: www.saraswatisareedepot.com
Saraswati Saree IPO FAQs
How many shares in Saraswati Saree IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Saraswati Saree Public Offer?
The best way to apply for Saraswati Saree public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Saraswati Saree IPO GMP today?
Saraswati Saree IPO GMP today is INR 50 per share.
What is Saraswati Saree kostak rate today?
Saraswati Saree kostak rate today is INR NA per application.
What is Saraswati Saree Subject to Sauda rate today?
Saraswati Saree Subject to Sauda rate today is INR 3,500 per application.
