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SD Retail IPO
Price Band
₹124.0–131.0
Issue Size
₹64.98 Cr
Lot Size
1,000 shares
Min Investment
₹131,000
GMP
+₹20.0 (15.27%)
Issue Price
₹131.0
Subject to Sauda
₹15200
Paid only if allotted
SD Retail IPO AI Summary
- SD Retail IPO is listed on NSE SME in the Garments & Apparels sector.
- Price band: ₹124.0–₹131.0 per share, lot size 1,000 shares (min. investment ₹131,000).
- Subscription window: 20 Sep–24 Sep 2024, listing on 27 Sep 2024.
- Current GMP is +₹20.0 (15.27%), an estimated listing price of ₹151 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
SD Retail IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
SD Retail IPO Grey Market Premium (GMP) Today
GMP
+₹20.0
GMP %
+15.27%
Est. Listing
₹151.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in May 2004, S D Retail Limited designs, manufactures, outsources, markets, and retails sleepwear under the brand name "SWEET DREAMS". SWEET DREAMS offers stylish and comfortable sleepwear for the whole family, celebrating the transition from work to home life. The company designs its products for men, women, and kids aged 2-16, offering fits suitable for various body types. As of February 29, 2024, the company sold its products through distributors, exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, both in India and internationally. The company operates on an asset-light model. It covers all aspects of its sales operations without owning any of the properties where its stores are located. This asset-light model allows for scalability and facilitates the efficient opening of Exclusive Brand Outlets (EBOs). As of May 31, 2024, the company employed 240 individuals across various departments.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 122.26 | 88.36 | 77.60 |
| Total Income | 163.28 | 135.69 | 128.74 |
| Profit After Tax | 7.60 | 4.30 | 10.11 |
| NET Worth | 41.80 | 34.20 | 29.90 |
| Reserves and Surplus | 40.55 | 33.58 | 29.27 |
| Total Borrowing | 43.55 | 20.51 | 18.44 |
Key Ratios
EPS
₹5.52
NAV
₹30.37
ROE
6.29%
ROCE
15.61%
RoNW
18.18%
P/B Value
4.31
P/E Ratio
23.73
Market Cap
₹245.26 Cr
PAT Margin
4.67%
Debt/Equity
1.04
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| S.p. Apparels Ltd | 31.04 | 14.3% | 14.04 | 41.35 |
| Bella Casa Fashion & Retail Ltd | 73.96 | 12.02% | 33.77 | 8.89 |
| Go Fashion (India) Limited | 111.81 | 13.82% | 78.67 | 15.32 |
| SD Retail Limited This IPO | 30.37 | 18.18% | 23.73 | 5.52 |
Promoters
Hitesh Pravinchandra Ruparelia, Utpalbhai Pravinchandra Ruparelia, Sweet Dreams Loungewear (India) LLP and Grace Garments LLP
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 Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (“EBOs”) 16.49 2 Funding Working Capital Requirement 35.00 3 General Corporate Purpose 8.89
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹128.74 Cr in the year ending 31 Mar 2022, increasing to ₹135.69 Cr by 31 Mar 2023, and further rising to ₹163.28 Cr by 31 Mar 2024. This shows a consistent upward trend in revenue over the reported periods.
Profit Trend
Profit After Tax was ₹10.11 Cr for the year ending 31 Mar 2022, declining to ₹4.30 Cr by 31 Mar 2023, and then increasing to ₹7.60 Cr by 31 Mar 2024. While the profit saw a decline in the middle period, it rebounded in the most recent year.
Valuation
At the issue price of ₹131.0, SD Retail Limited has an implied P/E of 23.73 based on its earnings per share of ₹5.52. This is compared to peers trading at P/E ratios ranging from 14.04 to 78.67.
Grey Market Premium, Explained
The grey market is an unofficial market where shares are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares based on demand in this market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk appetite. Factors such as market conditions, company performance, and growth potential should be considered.
Who May Want to Wait
Investors with a low risk tolerance or those seeking immediate returns may want to avoid IPOs like this, as they can be volatile and may not provide quick gains.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 20 Sep 2024 and closes on 24 Sep 2024. Allotment of shares is expected on 25 Sep 2024, with the shares listed on the stock exchange on 27 Sep 2024.
Listing Gains — The Risk
Listing-day gains can be influenced by market sentiment and demand for the shares. However, investing in IPOs carries risks, and there's no guarantee of immediate profits on listing day. Investors should be prepared for potential fluctuations in share price.
This evaluation is generated from SD Retail'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 SD Retail IPO GMP today?
SD Retail IPO GMP today is +₹20.0 (15.27%), indicating an estimated listing price of ₹151. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of SD Retail IPO?
The price band of SD Retail IPO is ₹124.0–₹131.0 per share.
When does SD Retail IPO open and close?
SD Retail IPO opens on 20 September 2024 and closes on 24 September 2024.
When does SD Retail IPO list on the stock exchange?
SD Retail IPO listed on 27 September 2024 at ₹151.0.
What is the lot size for SD Retail IPO?
The lot size for SD Retail IPO is 1000 shares, requiring a minimum investment of ₹131,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹131,000.
What is the price band for the IPO?
The price band for the IPO is between ₹124.0 and ₹131.0.
When is the listing date for the shares?
The shares are expected to be listed on 27 Sep 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Sep 2024
Close
24 Sep 2024
Allotment
25 Sep 2024
Listing
27 Sep 2024
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