Saraswati Saree Depot Limited IPO 2024: An Insightful Overview for Investors
Overview
Saraswati Saree Depot Limited, a leading wholesaler of sarees and other women’s apparel, is set to launch its initial public offering (IPO) on August 12, 2024. The company, which has been in the business since 1966, aims to raise funds for working capital requirements and general corporate purposes through this IPO.
IPO Details
| Details | Information |
|---|---|
| Face Value | ₹10 per share |
| Issue Price (Lower) | ₹152.00 per share |
| Issue Price (Upper) | ₹160.00 per share |
| Issue Price (Final) | ₹160.00 per share |
| Fresh Issue Size | 35,01,000 shares |
| Fresh Issue Size (Amount) | up to ₹56.02 Cr |
| OFS Issue Size | 64,99,800 shares |
| OFS Issue Size (Amount) | up to ₹104.00 Cr |
| Issue Size Total | 1,08,00,000 shares |
| Issue Size Total (Amount) | up to ₹160.01 Cr |
Reservation Details
| Category | Shares Reserved |
|---|---|
| Anchor Investor | 96,00,000 shares |
| QIB | 64,00,000 shares |
| NII | 32,00,000 shares |
| RII | 21,33,333 shares |
| Employee | 0 shares |
| Total | 1,17,33,333 shares |
Key Dates
| Event | Date |
|---|---|
| Anchor Bid Date | Aug 09, 2024 |
| Issue Open | Aug 12, 2024 |
| Issue Close | Aug 14, 2024 |
| Basis Of Allotment (Tentative) | Aug 16, 2024 |
| Initiation of Refunds (Tentative) | Aug 19, 2024 |
| Credit of Share (Tentative) | Aug 19, 2024 |
| Listing date (Tentative) | Aug 20, 2024 |
Financial Overview
| 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 |
IPO Prospectus
- IPO DRHP: Click Here
- IPO RHP: Click Here
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