Saraswati Saree IPO: Saraswati Saree one more among many drapers

SSD with its small size and scale does not have a unique selling proposition in a space that has several listed players. Investors can ignore subscribing to this issue.

Synopsis

The company’s revenues have grown from ₹549 crore in FY22 to ₹611 crore in FY24. During the same period, the net profit has more than doubled from ₹12.3 crore to ₹29.5 crore. The Ebitda margin has increased from 3.8% to 6.7%. Its return on capital employed for FY24 stood at 64%. The company is planning to foray into ethnic men’s wear – a segment that is expected to grow at over 10%.

ET Intelligence Group: Kolhapur-based Saraswati Saree Depot (SSD), a wholesaler of sarees predominantly present in western India, is rolling out an IPO of ₹160 crore comprising a fresh issue of ₹104 crore and rest an offer for sale. The promoters – the Dulhani family – who own 100% of the company are diluting 25% of their shareholding through the issue.Business: In the saree wholesale business since 1966, SSD sells sarees and other women’s

BY

ET Bureau

3 mins read, Last Updated:

Aug 12, 2024, 06:15:00 AM IST

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