Saraswati Saree IPO GMP, Price, Allotment, Profit Estimate 2024

Saraswati Saree IPO Description – Saraswati Saree Depot is engaged in the wholesale trade of other women’s clothing as Kurtis, dress materials, blouses, Lehengas, bottoms, etc. On average, more than 90% of the total revenue comes from the sale of sarees. In FY 2023, the company served more than 15,000 private customers and its product catalog includes more than 3,00,000 different storage units.

The company’s turnover in Kolhapur, Maharashtra, crossed INR 200 crore. The newly constructed complex will have an area of approximately 15,500 square meters for ease of shopping. The company regularly sources sarees and other women’s wear from over 900 weavers/suppliers across various states of India.

The company primarily sells its products in the southern and western regions of Maharashtra, Goa, Karnataka, and Tamil Nadu.

Promoters of Saraswati Saree – Mahesh Dulhani, Rajesh Dulhani, Shankar Dulhani and Vinod Dulhani

Saraswati Saree IPO Details

Saraswati Saree IPO Dates	Coming soon
Saraswati Saree Issue Price	Coming soon
Fresh issue	72,45,000 shares
Offer For Sale	35,55,000 shares
Total IPO size	1,08,00,000 shares
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	10%
Listing On	NSE, BSE

Saraswati Saree Financial Performance

	FY 2021	FY 2022	FY 2023
Revenue	0.00	549.58	601.89
Expenses	0.00	533.81	572.65
Net income	(0.00)	12.31	22.97
Margin (%)	(0.00)	2.24	3.82

Figures in INR Crores unless specified otherwise

Saraswati Saree Offer News

Saraswati Saree Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	–	3.72	6.94
PE Ratio	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2021	FY 2022	FY 2023
RONW (%)	(0.27)	99.20	64.93
NAV	0.03	3.75	10.69
EBITDA (%)	–	3.79	5.66

*Compiled by IPO Central from Prospectus

Saraswati Saree IPO GMP Today (Daily Trend)

Saraswati Saree IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Funding working capital requirements of The company – INR 81 crore
General corporate purposes

Saraswati Saree IPO Subscription – Live Updates

Coming soon

Saraswati Saree – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Saraswati Saree	–	6.94	64.93	10.69	601.89
Go Fashion (India)	218.40	5.87	15.91	96.36	665.28
Sai Silks	30.19	8.11	24.56	33.02	135.15

Saraswati Saree IPO Allotment Status

Saraswati Saree IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Saraswati Saree IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Saraswati Saree IPO Listing Date	Coming soon
Opening Price on NSE BSE	Coming soon
Closing Price on NSE BSE	Coming soon

Angel One –
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Saraswati Saree Offer Lead Manager

UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email: [email protected]
Website: www.unistonecapital.com

Saraswati Saree Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22-62638200
Email: [email protected]
Website: www.bigshareonline.com

SARASWATI SAREE DEPOT LIMITED
Sr No.144/1 Manademala, Near Tawade Hotel,
Gandhinagar Road, Uchagaon, Kolhapur,
Maharashtra – 416005
Phone: +91 9271009858
Email: [email protected]
Website: www.saraswatisareedepot.com

Saraswati Saree IPO FAQs

How many shares in Saraswati Saree IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply for a Saraswati Saree Public Offer?

The best way to apply for Saraswati Saree public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.