SD Retail IPO will open for subscription from 20 September 2024. The company aims for an issue size of ₹64.98 Cr through this IPO.
Company Overview
| Full name | SD Retail Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://www.sweetdreams.in/ |
About Company
SD Retail specializes in designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name ‘SWEET DREAMS’. SWEET DREAMS is dedicated to providing a wide range of stylish and comfortable sleepwear for the entire family, celebrating the transition from work to home life and catering to every aspect of downtime.
The SWEET DREAMS brand primarily targets the sleepwear needs of the modern Indian woman, who is most engaged across various retail channels. Additionally, the company offers sleepwear for men and kids, whose casual clothing is predominantly purchased by the women in the household. SD Retail provides two product lines for various price points: Essentials and Fashion. Essentials feature limited designs, lower ASPs, and high repeat purchases, available year-round. Fashion offers seasonal designs, and higher ASPs, and is sold during the Autumn/Winter and Summer seasons.
As of 29 February 2024, SD Retail sold its products through distributors, exclusive brand outlets (EBOs), and multi-brand outlets (MBOs) across various states and union territories in India. The company also sells its products through e-commerce platforms such as Myntra, AJIO, Nykaa, Flipkart, Amazon, and its website. As of 31 May 2024, the company employed 240 individuals across various departments.
The Objectives of the Issue
- Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (“EBOs”)
- Funding Working Capital Requirement
- General Corporate Purpose
SD Retail IPO Timetable
| IPO Opening date | 20 September 2024 |
| IPO Closing | 24 September 2024 |
| Basis of Allotment | 25 September 2024 |
| Initiation Refund | 26 September 2024 |
| Credit to Demat Account | 26 September 2024 |
| Listing Date | 27 September 2024 |
SD Retail IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹64.98 Cr – 4,960,000 shares |
| Fresh Issue | ₹64.98 Cr – 4,960,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹124 to ₹131 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 250,000 shares |
| Shareholding pre-issue | 13,762,386 |
| Shareholding post-issue | 18,722,386 |
| Listing Exchange | NSE SME |
SD Retail IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹131,000 |
| Retail (Max) | 1 | 1000 | ₹131,000 |
| HNI (Min) | 2 | 2,000 | ₹262,000 |
SD Retail Offer Documents
SD Retail IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 14,12,000 (28.47%) |
| Market Maker Shares Offered | 2,50,000 (5.04%) |
| QIB Shares Offered | 9,42,000 (18.99%) |
| NII (HNI) Shares Offered | 7,07,000 (14.25%) |
| Retail Shares Offered | 16,49,000 (33.25%) |
| Total Shares Offered | 49,60,000 (100%) |
SD Retail Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 128.53 | 135.09 | 162.56 |
| Expenses | 117.10 | 129.86 | 153.00 |
| Net income | 10.11 | 4.30 | 7.60 |
SD Retail Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 7.35 | 3.13 | 5.52 |
| PE ratio | – | – | 22.46 – 23.73 |
| RONW (%) | 33.81 | 12.58 | 18.18 |
| NAV | 21.73 | 24.85 | 30.37 |
| ROCE (%) | 27.94 | 14.41 | 15.61 |
| EBITDA (%) | 10.61 | 5.63 | 8.21 |
| Debt/Equity | 0.62 | 0.60 | 1.04 |
Company Promoters
- Mr. Hitesh Pravinchandra Ruparelia
- Mr. Utpalbhai Pravinchandra Ruparelia
- M/s. Sweet Dreams Loungewear (India) LLP (Formerly known as Sweet Dreams Loungewear (India) Private Limited)
- M/s. Grace Garments LLP
Promoter Holding
| Pre Issue Share Holding | 88.82% |
| Post Issue Share Holding | 65.29% |
SD Retail Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 September 2024 | 30 | – | 22,000 |
| 25 September 2024 | 30 | – | 22,000 |
| 24 September 2024 | 38 | – | 28,000 |
| 23 September 2024 | 35 | – | 26,500 |
| 21 September 2024 | 35 | – | 26,500 |
| 20 September 2024 | 27 | – | 20,000 |
| 19 September 2024 | 25 | – | 17,500 |
| 18 September 2024 | 15 | – | 11,500 |
SD Retail IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,42,000 | 7,07,000 | 16,49,000 | 32,98,000 |
| 24 Sep 2024 | 69.84 | 207.98 | 65.25 | 97.16 |
| 23 Sep 2024 | 0.66 | 9.09 | 15.35 | 9.81 |
| 20 Sep 2024 | 0.16 | 1.15 | 0.75 | 0.67 |
SD Retail IPO Allotment Status
SD Retail IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
SD Retail IPO Listing Details
| Listing Date | 27 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
SD Retail IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath
Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
SD Retail Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: all.ipo@kfintech.com
Website: www.kfintech.com
SD Retail Contact Details
S D RETAIL LIMITED
C-929, Stratum at Venus ground,
Nr. Jhansi Ki Rani Statue, Nehrunagar,
Ambawadi, Ahmedabad, Gujarat -380006
Phone: +91 7043106787
E-mail: info@sweetdreamsindia.com
Website: www.sweetdreams.in
SD Retail IPO FAQs
What is the SD Retail offer size?
SD Retail offer size is ₹ 61.50 – 64.98 crores.
What is the SD Retail offer price band?
SD Retail public offer price is ₹ 124 – 131 per share.
What is the lot size of the SD Retail IPO?
SD Retail offer a lot size is 1,000 shares.
What is SD Retail IPO GMP today?
SD Retail IPO GMP today is ₹ 30 per share.
What is the SD Retail kostak rate today?
SD Retail kostak rate today is ₹ NA per application.
What is SD Retail Subject to the Sauda rate today?
SD Retail is Subject to the Sauda rate today is ₹ 22,000 per application.
Final thoughts
SD Retail IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
