IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
To be announced
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |About Saraswati Saree Depot Ltd
Saraswati Saree Depot is a key player in the wholesale B2B saree segment. They have been in the business of saree sales since 1966. They are also engaged in the wholesale business of other women’s apparel wear, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. Overall, more than 90% of their total revenues are generated from the sale of sarees.
They regularly source sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, their product catalogue lists more than 3,00,000 different SKUs. In a market which is highly unorganised, an organised player with the aforementioned scale has an excellent opportunity for growth.
The company expects that the saree industry in India will grow at a 5-6% CAGR over fiscal 2023 to fiscal 2028, reaching ₹625-650 billion by fiscal 2028. This may benefit a major company like Saraswati Saree Depot in expanding its operations.
Saraswati Saree Depot Ltd IPO Details
Saraswati Saree Depot Ltd IPO Date
The dates for bidding for the Saraswati Saree Depot IPO have not been announced yet.
Saraswati Saree Depot Ltd IPO Price Band
Saraswati Saree Depot is a book-built IPO with a price range that has not been announced yet.
Saraswati Saree Depot Ltd IPO Lot Size
The Saraswati Saree Depot Ltd IPO lot size has not been announced yet.
Saraswati Saree Depot Ltd IPO Objectives
The net proceeds of the fresh issue will be utilised towards funding the following:
- Funding the working capital requirements of the company.
- General corporate purposes.
Peer Details
The company’s peers include:
- Sai Silks (Kalamandir) Ltd.
- Go Fashion (India) Ltd.
How to Check the Allotment Status of the Saraswati Saree Depot Ltd IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Saraswati Saree Depot Ltd.
Registered office: Sr No.144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur, Maharashtra – 416005
Phone: +919271009858
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|
| Total Income | 6,035.18 | 5,503.08 |
| Profit (Loss) for the Year | 229.74 | 123.08 |
| Return on Capital Employed | 98% | 169% |
| Current Ratio | 1.19 | 1.06 |
| Interest Coverage Ratio | 9.09 | 4.67 |
Know before investing
Strengths
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They have a highly diversified customer base. In Fiscals 2023 and 2022, their revenues from their top 10 customers represented 8.89% and 7.90%, respectively, of their total revenues.
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Their raw material sourcing is also highly diversified. In Fiscals 2023 and 2022, their purchases from their top 10 suppliers represented 22.83% and 26.98%, respectively, of their total purchases.
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The saree products offered at their stores are highly diversified in terms of occasion, fabric, weave, pattern and ornamentations. They also have a wide variety of non-saree apparel products.
Risks
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Their business is highly concentrated on the sale of women’s sarees. Any changes in consumer preferences could have a disruptive effect on the survival of the business.
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They operate out of two stores in Maharashtra, which are located at Kolhapur and Ulhasnagar. Any local social unrest, natural disaster or breakdown of services could have an adverse effect on their business and financial condition.
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Their business is subject to seasonality. Lower revenues in the peak season of any fiscal year may adversely affect their overall business for the year.
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Saraswati Saree Depot Ltd IPO FAQs
Saraswati Saree Depot IPO is a book built IPO. The dates for the IPO have not been announced yet.
The allotment date has not been announced yet.
The IPO subscription window has not been announced yet.
The lot size for the IPO has not been announced yet.
Saraswati Saree Depot Ltd IPO will be listed on the NSE and the BSE. The dates for the IPO have not been announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing has not been announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
