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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding working capital requirements of the company. | — |
| General corporate purposes. | — |
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 206 | 189 | 170 |
| Revenue | 613 | 604 | 550 |
| PAT | 30 | 23 | 12 |
| Net Worth | 65 | 35 | 12 |
| Total Borrowing | 43 | 41 | 67 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 5,000,400 (50%) | — |
| NII / HNI | — | 1,500,120 (15%) | — |
| Retail (RII) | — | 3,500,280 (35%) | — |
| Total | — | 10,000,800 (100%) | — |
* Amount calculated at upper price band (₹160) · ** Total includes all investor categories
- 1 Initiation of Refund 19 Aug 2024
- 2 Credit of Shares to Demat 19 Aug 2024
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
- The IPO P/E of 21x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹9 compares to post-issue EPS of ₹7 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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