₹ 14400 / 90 shares
IPO Details
RHP/DRHPIssue Date
12 Aug - 14 Aug'24
Investment/lot
₹ 14400
Price Range
152 - 160
Lot Size
90
IPO Size
₹ 160.01 Cr
IPO Listing Details
Listing On
20 Aug'24
Issue Price
160
Listed Price
₹ 194
Retail Gain/Listing Gain
▲21.25%
IPO Timeline
Saraswati Saree Depot Company Background
Saraswati Saree Depot is a key player in the sarees wholesale segment (Source: CRISIL Report) and their origin in the saree business dates back to 1966.
They are also engaged in the wholesale business of other women’s apparel such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.
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Saraswati Saree Depot Competitive Strengths
Diversified supplier and customer base
Over the years, the company has developed long-standing relationships with manufacturers in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. They regularly source sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India.
It has sold its products to over 13,000 unique customers in FY 2024 across Maharashtra, Goa, Karnataka and Tamil Nadu.
Diverse product portfolio
Their product portfolio spans a wide range of items, including sarees, kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. with over 300,000 different SKUs.
Existing client and supplier relationships
Their promoters and family members have been in the women’s apparel business for over 5 decades. Due to the strength of their long-standing relationships with suppliers, the company enjoys many benefits such as competitive pricing, exclusivity in designs, and payment terms. These advantages are passed on to the customer by way of attractive prices, an exclusive product range and high-quality products.
Risk Factors
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Their business is highly concentrated on the sale of women’s sarees and is vulnerable to variations in demand. Any changes in consumer preference could have an adverse effect on the business.
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The company is operating in the wholesale segment, which results in a lack of visibility and direct connection with the end consumers. This adversely affects their ability to build brand loyalty and awareness with end consumers.
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They operate only two stores in Maharashtra, located in Kolhapur and Ulhasnagar. Any localised social unrest, natural disaster, breakdown of services or any other natural disaster in and around Maharashtra could have an adverse effect on their business and financial condition.
Key Strategies
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Strengthen inventory management practices.
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Enter into the men’s ethnic wear segment.
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Capitalise on e-commerce for penetration in the retail and wholesale category.
Saraswati Saree Depot Limited Key Financials
Here are the key financials for Saraswati Saree Depot Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Saraswati Saree Depot Ltd IPO?
Here are the steps to apply for Saraswati Saree Depot Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Saraswati saree depot IPO FAQs
When is Saraswati saree depot IPO listing date?
Saraswati saree depot IPO will list on 2024-08-20.
What is the issue size of Saraswati saree depot IPO?
160.01 is the issue size of Saraswati saree depot IPO.
What is the minimum lot size required for Saraswati saree depot IPO?
The minimum lot size is 90 shares and the investment required is ₹14400.
What is the price band of the Saraswati saree depot IPO?
The price band of Saraswati saree depot IPO is ₹152 to ₹160.
Where can I read more about Saraswati saree depot business?
You can read more about Saraswati saree depot and its IPO from the company’s red herring prospectus (RHP) here.
What is the Saraswati Saree Depot Limited IPO?
The Saraswati Saree Depot Limited IPO has an issue size of ₹160 crores. The IPO opens for subscription on 12th Aug 2024 and closes on 14th Aug 2024
Who is the Registrar for Saraswati Saree Depot Limited IPO?
Bigshare Services Private Limited is the registrar for the IPO.
