Saraswati Saree Depot Limited: IPO Overview
Company Overview: Incorporated in 1996, Saraswati Saree Depot Limited has established itself as a prominent player in the manufacturing and wholesale segment of women’s apparel. The company primarily operates in the wholesale (B2B) market, with a strong focus on sarees. Over the years, it has expanded its portfolio to include other women’s garments, such as kurtis, dress materials, blouse pieces, lehengas, and bottoms. Business Operations
Saraswati Saree Depot Limited is renowned for its extensive sourcing network, collaborating with over 900 weavers and suppliers across various Indian states. This robust network enables the company to maintain an expansive product catalogue featuring more than 300,000 distinct SKUs. The company predominantly serves the southern and western regions of India, with Maharashtra, Goa, Karnataka, and Tamil Nadu being its primary markets. In the fiscal year 2024, the company successfully catered to over 13,000 unique customers.
The company’s stores categorize saree products based on occasion, fabric, weave, and ornamentation, making it easier for customers to find the perfect selection. Saree sales account for over 90% of the company's revenue, underscoring its specialization and market leadership in this segment. Objectives of the IPO
The proceeds from the IPO will be primarily utilized for the following purposes:
Funding Working Capital Requirements: To ensure the smooth operation and expansion of the company's business.
General Corporate Purposes: To support the company's overall corporate strategy and objectives.
Promoter Holding
The company's promoters, Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani, currently hold 100% of the shares. Post-issue, the promoter holding is expected to reduce to 74.75%. Saraswati Saree Depot IPO: Key Details
IPO Dates: 12 to 14 August 2024
Prince Band: ₹152 to ₹160 per share
Lot Size: 90 Shares
Total Issue Size: 160 Cr
Retail Quota: 35%
Gmp: +45% (Only for information)
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