SD Retail IPO description – SD Retail specializes in designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name ‘SWEET DREAMS’. SWEET DREAMS is dedicated to providing a wide range of stylish and comfortable sleepwear for the entire family, celebrating the transition from work to home life and catering to every aspect of downtime.
The SWEET DREAMS brand primarily targets the sleepwear needs of the modern Indian woman, who is most engaged across various retail channels. Additionally, the company offers sleepwear for men and kids, whose casual clothing is predominantly purchased by the women in the household. SD Retail provides two product lines for various price points: Essentials and Fashion. Essentials feature limited designs, lower ASPs, and high repeat purchases, available year-round. Fashion offers seasonal designs, and higher ASPs, and is sold during the Autumn/Winter and Summer seasons.
As of 29 February 2024, SD Retail sold its products through distributors, exclusive brand outlets (EBOs), and multi-brand outlets (MBOs) across various states and union territories in India. The company also sells its products through e-commerce platforms such as Myntra, AJIO, Nykaa, Flipkart, Amazon, and its website. As of 31 May 2024, the company employed 240 individuals across various departments.
Promoters of SD Retail – Mr. Hitesh Pravinchandra Ruparelia and Mr. Utpalbhai Pravinchandra Ruparelia, M/S. Sweet Dreams Loungewear (India) LLP (Formerly Known as Sweet Dreams Loungewear (India) Private Limited) And M/S. Grace Garments LLP (Formerly Known as Grace Garments Limited)
Table of Contents
Sweet Dreams IPO Details
| SD Retail IPO Dates | 20 – 24 September 2024 |
| SD Retail Issue Price | INR 124 – 131 per share |
| Fresh issue | 49,60,000 shares (INR 61.50 – 64.98 crore) |
| Offer For Sale | NIL |
| Total IPO size | 49,60,000 shares (INR 61.50 – 64.98 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,31,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
SD Retail Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 128.53 | 135.09 | 162.56 |
| Expenses | 117.10 | 129.86 | 153.00 |
| Net income | 10.11 | 4.30 | 7.60 |
SD Retail Offer News
- SD Retail RHP
- SD Retail Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Sweet Dreams Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 7.35 | 3.13 | 5.52 |
| PE ratio | – | – | 22.46 – 23.73 |
| RONW (%) | 33.81 | 12.58 | 18.18 |
| NAV | 21.73 | 24.85 | 30.37 |
| ROCE (%) | 27.94 | 14.41 | 15.61 |
| EBITDA (%) | 10.61 | 5.63 | 8.21 |
| Debt/Equity | 0.62 | 0.60 | 1.04 |
SD Retail IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 September 2024 | 30 | – | 22,000 |
| 25 September 2024 | 30 | – | 22,000 |
| 24 September 2024 | 38 | – | 28,000 |
| 23 September 2024 | 35 | – | 26,500 |
| 21 September 2024 | 35 | – | 26,500 |
| 20 September 2024 | 27 | – | 20,000 |
| 19 September 2024 | 25 | – | 17,500 |
| 18 September 2024 | 15 | – | 11,500 |
Sweet Dreams IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,42,000 | 7,07,000 | 16,49,000 | 32,98,000 |
| 24 Sep 2024 | 69.84 | 207.98 | 65.25 | 97.16 |
| 23 Sep 2024 | 0.66 | 9.09 | 15.35 | 9.81 |
| 20 Sep 2024 | 0.16 | 1.15 | 0.75 | 0.67 |
The market maker reservation portion of 2,50,000 shares and anchor allocation portion of 14,12,000 shares are not included in the above calculations.
SD Retail IPO Allotment Status
SD Retail IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
SD Retail IPO Dates & Listing Performance
| IPO Opening Date | 20 September 2024 |
| IPO Closing Date | 24 September 2024 |
| Finalization of Basis of Allotment | 25 September 2024 |
| Initiation of refunds | 26 September 2024 |
| Transfer of shares to demat accounts | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
| Opening Price on NSE SME | INR 145 per share (up 10.69%) |
| Closing Price on NSE SME | INR 150.90 per share (up 15.19%) |
SD Retail Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath
Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
SD Retail Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Sweet Dreams IPO Contact Details
S D RETAIL LIMITED
C-929, Stratum at Venus ground,
Nr. Jhansi Ki Rani Statue, Nehrunagar,
Ambawadi, Ahmedabad, Gujarat -380006
Phone: +91 7043106787
E-mail: [email protected]
Website: www.sweetdreams.in
Sweet Dreams IPO FAQs
What is the SD Retail offer size?
SD Retail offer size is INR 61.50 – 64.98 crores.
What is the SD Retail offer price band?
SD Retail public offer price is INR 124 – 131 per share.
What is the lot size of the SD Retail IPO?
SD Retail offer a lot size is 1,000 shares.
What is SD Retail IPO GMP today?
SD Retail IPO GMP today is INR 30 per share.
What is the SD Retail kostak rate today?
SD Retail kostak rate today is INR NA per application.
What is SD Retail Subject to the Sauda rate today?
SD Retail is Subject to the Sauda rate today is INR 22,000 per application.
