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Saraswati Saree Depot IPO
Price Band
₹152.0–160.0
Issue Size
₹160.01 Cr
Lot Size
90 shares
Min Investment
₹14,400
GMP
+₹40.0 (25.0%)
Issue Price
₹160.0
Subject to Sauda
₹2700
Paid only if allotted
Saraswati Saree Depot IPO AI Summary
- Saraswati Saree Depot IPO is listed on BSE, NSE in the Garments & Apparels sector.
- Price band: ₹152.0–₹160.0 per share, lot size 90 shares (min. investment ₹14,400).
- Subscription window: 12 Aug–14 Aug 2024, listing on 20 Aug 2024.
- Current GMP is +₹40.0 (25.0%), an estimated listing price of ₹200 — unofficial and can change daily.
Saraswati Saree Depot Limited is a garment manufacturer focusing on women's apparel, primarily sarees. The company has shown consistent revenue and profit growth, with plans to utilize IPO proceeds for working capital and corporate purposes. Investors should consider their risk profile when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Saraswati Saree Depot IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Aug 2024 — not a current signal.
5 of 7 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Saraswati Saree Depot IPO Grey Market Premium (GMP) Today
GMP
+₹40.0
GMP %
+25.0%
Est. Listing
₹200.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in 1996, Saraswati Saree Depot Limited is engaged in manufacturing and wholesale women's apparel. The company's primary business is the wholesale (B2B) segment of sarees. It is also engaged in the wholesale business of other women's apparel, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. The company regularly sources sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, our product catalog lists more than 300,000 different SKUs. The company majorly sells products in southern and western regions comprising mainly Maharashtra, Goa, Karnataka, and Tamil Nadu and the company has served more than 13,000 unique customers in fiscal 2024. The company stores offer saree products categorized by occasion, fabric, weave, and ornamentation. Over 90 percent of the company's revenue comes from saree sales. As of June 30, 2024, the company had an employee base of 314 employees in various departments.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 205.94 | 188.85 | 169.93 |
| Total Income | 612.58 | 603.52 | 550.31 |
| Profit After Tax | 29.53 | 22.97 | 12.31 |
| NET Worth | 64.91 | 35.38 | 12.41 |
| Total Borrowing | 43.49 | 41.43 | 66.62 |
Key Ratios
EPS
₹8.92
NAV
₹19.61
ROE
58.88%
ROCE
64.46%
RoNW
45.49%
P/B Value
8.16
P/E Ratio
17.94
Market Cap
₹633.60 Cr
PAT Margin
4.83%
Debt/Equity
0.67
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sai Silks (Kalamandir) Limited | 72.14 | 9.49% | 21.34 | 7.51 | 7.51 |
| Go Fashion (India) Ltd | 111.81 | 13.71% | 71.8 | 15.32 | 15.32 |
| Saraswati Saree Depot Limited This IPO | 19.61 | 45.49% | — | 8.92 | 8.92 |
Promoters
Shankar Dulhani, Mahesh Dulhani, Rajesh Dulhani and Vinod Dulhani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 81.00 2 General Corporate Purposes 9.67 Total 90.67
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹550.31 Cr in the year ending 31 Mar 2022, rising to ₹603.52 Cr by 31 Mar 2023, and further increasing to ₹612.58 Cr by 31 Mar 2024. This demonstrates a consistent upward trend in revenue over the three fiscal years.
Profit Trend
Profit after tax was ₹12.31 Cr in the year ending 31 Mar 2022, increasing to ₹22.97 Cr by 31 Mar 2023, and further rising to ₹29.53 Cr by 31 Mar 2024. This indicates a strong growth in profitability over the periods analyzed.
Valuation
Saraswati Saree Depot Limited has an implied P/E of approximately 17.94 at the issue price, compared to peers trading at P/E ratios of 21.34 for Sai Silks (Kalamandir) Limited and 71.8 for Go Fashion (India) Ltd.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on demand and supply in the unofficial market. A positive GMP suggests that the stock is likely to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's financial health and market position.
Who May Want to Wait
Investors who prefer stable and established companies with predictable earnings may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest potential gains, various factors, including market conditions and investor sentiment, can influence the actual listing price. Investors should be prepared for potential volatility.
This evaluation is generated from Saraswati Saree Depot's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Saraswati Saree Depot IPO GMP today?
Saraswati Saree Depot IPO GMP today is +₹40.0 (25.0%), indicating an estimated listing price of ₹200. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Saraswati Saree Depot IPO?
The price band of Saraswati Saree Depot IPO is ₹152.0–₹160.0 per share.
When does Saraswati Saree Depot IPO open and close?
Saraswati Saree Depot IPO opens on 12 August 2024 and closes on 14 August 2024.
When does Saraswati Saree Depot IPO list on the stock exchange?
Saraswati Saree Depot IPO listed on 20 August 2024 at ₹200.0.
What is the lot size for Saraswati Saree Depot IPO?
The lot size for Saraswati Saree Depot IPO is 90 shares, requiring a minimum investment of ₹14,400.
What is the lot size for this IPO?
The lot size for Saraswati Saree Depot Limited's IPO is 90 shares.
What is the minimum investment required?
The minimum investment required is ₹14,400.
What is the price band for the IPO?
The price band for the IPO is between ₹152.0 and ₹160.0.
When is the listing date?
The listing date for the IPO is 20 August 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Aug 2024
Close
14 Aug 2024
Allotment
16 Aug 2024
Listing
20 Aug 2024
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