Saraswati saree depot ipo Details Today, Date, Price, GMP, Review

Saraswati saree depot IPO details : Saraswati saree depot IPO details is Open on 14 August 2024 and Close on 16 August 2024. Saraswati saree depot IPO to Raise 10,000,800 shares (Approx ₹160.01 Cr) via IPO. The Fresh issue of 6,499,800 shares (Approx ₹104.00 Cr) and The Offer For Sale is 3,501,000 shares of ₹10 (Approx ₹56.02 Cr).

We are a key player in sarees wholesale (B2B) segment and our origin into thesarees business dates back to the year 1966. We are also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. over 15,000 unique customers and our product catalogue consists of more than 3,00,000 different SKUs.

Product Portfolio :-

• Sarees –  Casual, Wedding, Festive, Party
• Fabric  – Silk, Soft Silk, Art Silk, Cotton Silk, Cotton, Organza, Georgette, Linen, Nylon Blend
• By Weave  – Banarsi, Paithani, Kanjivaram, Maheshwari, Patola, Handloom, Bomkai, Gadwal, Tanchoi, Bandhani, Dharmavaram
• Pattern –  Woven, Printed, Floral, Digital Print, Dyed, Geometric, Self Design, Solid, Embroidered
• Ornamentation – Zari, Tassel, Zari Buta, Sequins, Floral Design, Brocade, Cotton Thread
• Other Product Offerings – Kurtis, Dress Materials, Blouse Pieces, Shirt and Pant Pieces for men, Lehengas, Bottoms and other women’s apparel accessories.

Saree is an ethnic wear garment which has its origin in India and is one of the most popular readymade garment in India which is wore on casual occasions as well as on festive occasions.

A Saree typically ranges from six to nine yards in length and can be worn in several ways. In India there are different kind of sarees which are prevalent with Indian women.

The most prevalent sarees include silk sarees, cotton sarees, synthetic fibre sarees etc. apart from these prevalent fabric sarees, there are blends and mixture
of fabrics in which sarees are available across the saree industry in India. The demand for saree market in India in recent years have come from growth in the wedding and celebration wear market.

However, the industry is seeing the change in the consumer buying pattern as customers are seeking quality and premium products. The change in the buying pattern has resulted in players selling higher priced sarees than the value range sarees.

The saree market in India has been traditionally dominated by small retail shops and unorganised players who usually have standalone outlets which is characterised by loyal customer group.

Our sarees are sourced from different manufacturers across India. Over the years, we have developed relationships with these manufacturers in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. We regularly source sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, our product catalogue lists more than 300,000 different SKUs.

Saraswati saree depot IPO Date & Price Band Details

Saraswati saree depot IPO Market Lot Details

Object of the Issue

1.  Funding working capital requirements of our Company.
2.  General corporate purposes.

Saraswati saree depot IPO Allotment & Listings (Details)

Saraswati saree depot Financial Reports

Our Company Promoters

1. Mahesh Dulhani
2. Rajesh Dulhani
3. Shankar Dulhani
4. Vinod Dulhani

Qualitative Factors

Diversified supplier and customer base :- The company has strong relationships with over 900 weavers and suppliers across India, reducing dependency on a few suppliers. Their top customers and suppliers represent a small portion of their revenue and purchases, showcasing a diversified customer base.

 Vast and versatile product portfolio for women :- They offer a wide range of women’s apparel, with a focus on sarees, categorized by occasion, fabric, weave, pattern, and ornamentations. Sarees contribute significantly to their revenue, and they emphasize trending designs and quality.

Ability to buy in bulk quantities :- With a catalogue of over 300,000 SKUs and two large stores, the company can buy products in large quantities, ensuring consistent inventory availability and cost savings.

Experienced Promoters and strong management team :- The promoters and management team have decades of experience in the industry, covering various aspects from manufacturing to marketing.

Existing client and supplier relationships : – With over five decades in the women’s apparel business, the company has established strong relationships with both weavers/suppliers and customers. These relationships provide benefits like favourable pricing, design exclusivity, and repeat business.

Collaborative and experienced work force :- The company’s employees contribute significantly to productivity and creativity. The experienced management team fosters a learning environment, resulting in efficient and high-quality output.

Saraswati saree depot Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Saraswati Saare Depot Limited
• Go Fashion (India) Ltd
• Sai Silks
• Kalamandir Limited

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Saraswati Saree Depot Company Contact Details

Sr No.144/1 Manademala, Near Tawade Hotel,
Gandhinagar Road, Uchagaon, Kolhapur,
Maharashtra –416005.
Contact Person: Ruchika Gheeya
Email:cs@saraswatisareedepotlimited.com
Telephone: +919271009858
Website: www.saraswatisareedepot.com

Saraswati Saree Depot Lead Manager

Unistone Capital Private Limited
A/ 305, Dynasty Business Park, Andheri-Kurla Road, Andheri East, Mumbai –400 059
Telephone: +919820057533
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Brijesh Parekh
Website: www.unistonecapital.com

Saraswati Saree Depot IPO Registrar

Bigshare Services Private Limited
Office No. S6-2, 6thfloor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai-400093
Telephone: +91 22-6263 8200
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Babu RaphealC.
Website: www.bigshareonline.com