S D Retail was incorporated on May 14, 2004. The company designs, manufactures, outsources, markets, and retails sleepwear under the brand name "Sweet Dreams".
| Bidding Dates |
|---|
| 20 Sep 2024 - 24 Sep 2024 |
| Subscription |
|---|
| 90.31x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 1000 | 5.0 M | ₹124 - ₹131 | 65.29 % | ₹615.0 M - ₹649.8 M | RHP DOC |
S D Retail Ltd. IPO SUBSCRIPTION STATUS
24 Sep '24S D Retail Ltd. IPO overall subscription rate was 90.31 times the total available shares
S D Retail Ltd. IPO retail subscription rate was 86.65 times in the retail segment
S D Retail Ltd. IPO non-institutional investor subscription rate was 276.29 times in the non-institutional investor category
S D Retail Ltd. IPO Qualified Institutional Bidder subscription rate was 37.09 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Sep 2024 (Day 3) | 86.65x | 276.29x | 37.09x |
23 Sep 2024 (Day 2) | 20.38x | 12.08x | 0.35x |
20 Sep 2024 (Day 1) | 1x | 1.52x | 0.09x |
S D Retail Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 76.0 | 1,625.6 | -121.9 | -151.4 | 8.2% |
| FY23 | 43.0 | 1,350.9 | 11.2 | 2.0 | 5.6% |
| FY22 | 101.1 | 1285.3 | -25.2 | -34.2 | 10.6% |
S D Retail Ltd. IPO SUBSCRIPTION STATUS DETAILS
S D Retail Ltd. had 5.0 M shares on offer
S D Retail Ltd. IPO offer price was in the range ₹124 - ₹131
S D Retail Ltd. IPO minimum Investment was ₹124000
S D Retail Ltd. IPO issue size was ₹ 615.0 M - ₹ 649.8 M
S D Retail Ltd. had a minimum lot size of 1000 Shares per application
S D Retail Ltd. NUMBER OF SHARES ON OFFER
S D Retail Ltd. IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2024 |
| Issue close Date | 24 Sep 2024 |
| Allotment Date | 25 Sep 2024 |
| Refund Date | 26 Sep 2024 |
| Demat Account Credit Date | 26 Sep 2024 |
| Listing Date | 27 Sep 2024 |
| Listing on Exchange(s) | NSE |
| S D Retail Ltd. Allotment Status | Exchange |
S D Retail Ltd. IPO subscription opened on 20 Sep 2024, and closed on 24 Sep 2024
IPO allotment for S D Retail Ltd. was finalized on Wednesday, 25 Sep 2024
IPO listing for S D Retail Ltd. was on NSE on Friday, 27 Sep 2024
S D Retail Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 131.0 |
| Listing Open Price | 145.0 |
| Listing Close Price | 150.9 |
| Listing Gain% | 10.7% |
| Current Gain% | -33.2% |
S D Retail Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S D Retail Ltd. | 87.5 | 163.8 | 16.8 | 1.2 | 0.8 | 8.1 | 5.6 | 198.3 | 13.2 | 9.8 | 14.3 | 5.2 | 14.3 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
S D Retail Ltd. INFORMATION ON IPO ISSUE
About S D Retail Ltd.
S D Retail was incorporated on May 14, 2004. The company designs, manufactures, outsources, markets, and retails sleepwear under the brand name "Sweet Dreams".
Object of the Issue
- Capital expenditure to be incurred by the company for setting up new exclusive brand outlets.
- Funding working capital requirement.
- General corporate purposes.
S D Retail Ltd. - PROMOTERS
| Name |
|---|
| Hitesh Pravinchandra Ruparelia |
| Utpalbhai Pravinchandra Ruparelia |
| Grace Garments LLP |
| Sweet Dreams Loungewear (India) LLP |
S D Retail Ltd. Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
S D Retail Ltd. Registrar to the issue
KFin Technologies Limited
spppolymer.ipo@kfintech.com
S D Retail Ltd. Strengths
In-house designing
The company has an in-house design team, including graphic designers and illustrators for creating playful and bold designs. It sets itself apart from other sleepwear brands by targeting shoppers seeking more stylish options
Customer relationship
The company has built a strong client base, with existing relationships leading to repeat orders. This has helped maintain long-term customer relationships and enhance its customer retention strategy
Gender-agnostic
The company is unique as the only gender-agnostic brand offering stylish sleepwear for the entire family, unlike competitors who focus on gender-specific innerwear
S D Retail Ltd. Risks
Competitive industry
The company faces competition from various international, national, regional, and niche brands, as well as unorganized players in the sleepwear industry, which is highly fragmented with both branded and non-branded options
Concentrated sales
The company's business is primarily concentrated on the sale of women’s sleepwear and is vulnerable to changes in demand and consumer preferences, which could negatively impact its operations and financial condition
IPO FAQs
The promoters of the company are Hitesh Pravinchandra Ruparelia, Utpalbhai Pravinchandra Ruparelia, Grace Garments LLP and Sweet Dreams Loungewear (India) LLP.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 124.0 - 131.0.
The IPO application opens on Sep 20, 2024 and closes on Sep 24, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 131,000.0.
This IPO will be allotted on Sep 25, 2024.
The refund will be credited to your account on Sep 26, 2024.
The allotted shares will be credited to your demat on Sep 26, 2024.
S D Retail Ltd.’s shares listed on the stock exchanges on Sep 27, 2024.