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Saraswati Saree

Saraswati Saree Depot specializes in the wholesale trade of sarees and a variety of women’s clothing, including Kurtis, dress materials, blouses, lehengas, and bottoms. Over 90% of the company’s revenue comes from saree sales. In FY 2024, the company catered to more than 13,000 private customers and offered a diverse catalog featuring over 300,000 different storage units. To accommodate its growing business, Saraswati Saree Depot relocated to a newly-constructed facility in Uchgaon, Kolhapur, Maharashtra, in 2015. This facility spans 169,120 square feet and includes designated sections for various types of sarees and apparel. The company sources its products from over 900 weavers and suppliers across different states of India, primarily serving customers in the southern and western regions of Maharashtra, Goa, Karnataka, and Tamil Nadu.

Saraswati Saree IPO Details

Signature Global IPO Details
Saraswati Saree IPO Dates
12 – 14 August 2024
Saraswati Saree Issue Price
INR 152 – 160 per share
Fresh issue
64,99,800 shares (INR 98.80 – 104 crore)
Offer For Sale
35,01,000 shares (INR 53.22 – 56.02 crore)
Total IPO Size
1,00,00,800 shares (INR 152.01 – 160.01 crore)
Minimum bid (size)
90 shares (INR 14,400)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Saraswati Saree Financial Performance

Signature Global Financial Performance

FY22

FY23

FY24

Revenue

549.58

601.89

610.90

Expenses

533.82

572.65

573.93

Net income

12.31

22.97

29.53

Margin (%)

2.24

3.82

4.83

Figures in INR Crore unless specified otherwise

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