Saraswati Saree Depot Limited IPO Message Board (Page 12)

Apply 25 R
etail and 1 SHNI

One bHNI and one Retail

3 retail applications. Thanks.

Same.
Company looks good, timing, not so much. So willing to take small risk, and ready to hold long term if allotted. Doing the same with Ceigall :(

Hi All,

In an oversubcribed issue like this if I am applying in BHNI will it give me more more chance if i apply for more lots on top of 10lakh? Or it will be the same? Its not like sme right more lots more chance? Please help me out. I am a newbie.

​@Souparno Sarkar No, it will not. Just apply basic minimum for BHNI 10 lakhs worth..

More lots works in SME not in mainboard..

Unable to apply ipo using bob app and website. Ipo page in website says no ipo exist and app says anout financial difficulty error and contact admin. Anyone also facing the same

canara bank showing same problem

BoB app and web both working now. Seems technical issue for a while . Thanks for response

Based on unicommerce basis of allotment data,
Those who have applied 36 to 66 lots get anda (0) due to not applicable in lottery process. Either go on BHNI or lower down to 15 lots SHNI..
Btw bigshare is registrar, aaj tak SME IPO to nahi diya kabhi 3 sal se, hoping 1 mainline hi de de. Applied 5 retail.

Before applying remember that Big Share is the registrar of this IPO. It means Big Chunk of Shares are already reserved for Big Share friends internally. 😝😝😁😁

Application wise subscription

Indusind net banking not working.

Please Plan your applications in physical mode.

Same for BOB - Showing NO open IPO

​@M Gupta It is working for me. I am able to see all IPOs and click to reach the bid form.
I am trying IndusInd first time, can u suggest which category to select for HNI/NII..it is IND or NOH?
What is the cutoff time for retail and HNI category?
TIA

Bank of Baroda - Showing NO Open IPO.
Anyone facing the same issue?

​@Ishant 

As issue is already oversubscribed and hence there is no meaning to apply 5 lots in single application. Go for just 1 lot.

Off topic- Anybody holding Ceigal...it is making new lows everyday...i am struck
...should i book loss or keep holding

If it was considered for listing gains or short term only, SL should have been used. It is good company but came with over-valuations leaving nothing on table for subscribers. Evaluate your risk/reward quotient to take any decision. If not able to hold, wait for any rise to exit and if you can wait to see performance for few quarters, you may decide to hold.

I can hold..but thinking of averaging...this. cant just decide.

Wheather 1 BHNi or max SHNi which is better to apply?

@paymzia thank you

​@SHAGIR Offcourse, one BHNI..
BHNI is relatively less oversubscribed application wise, so chances are more here..

If I apply in the SHNI category and the IPO is subscribed more than 100 times in that category, what are my chances of allotment? Can anyone explain?

and what if someone applied more than one sHNI lot
i know one should apply minimum lot in mainline ipo with respected category.
why i should not apply for more lot?🤔

​@Blackshadow Allotment ratio for any lot is the same in mainboard IPO, 1 lot or 13 lots, that is why..

Guys isnt it high time now allotments should be transparent and live on rta website ??

​@IPO.RIKI Expecting live allotment on RTA or anyother portal will be too much. Let them streamline systems so that :

- No third party application get any allotment when it is not permitted

- Release allotment results in RTA portal first and that too by say 8 pm max. How can some DPs or banks show allotment/non-allotment hours before the same is made available on public domain.

Yes because lots of wrong things happening around in the basis of allotment... impossible things are happening... the only way is transparency in allotment process... huge money involved is of investor... so there is nothing we are demanding too much... we need transparency.

#Off topic:

Just to keep things light in this dull market + holiday week, if any wants to share what was your most underpeform (if you want provide reasons) and best performing stocks(in cash equity market) in previous FY. Mine is:

Underperforming:

1. Birlamoney: got trapped on the result day with some outstanding results which came out as rumour (error), and i went beyond my threshold for a allocation in specific stock which is not performing as expected. At the end had to book a loss around 20%.

2. Flair: This didn't perform at all, all technical levels per my analysis failed. but here i didn't went out of my comfort zone in terms of allocation. but booked near 11% loss, could have hold and it would have come to no P/L.

Best Performing:
1. IRB
2. AZAD
3. Tata Tech
4. IRFC
5. OIL

Simple reason all entry worked here :D :D

​@Chhote Lal Ji, thanks for the kind words. I am very small investor, with very little knowledge of the market. Learning with each day.

Very early in my days in market i have made losses mostly from FnO trading, which taught me big lessons.
But now I know what is required to survive and make profit from the market. Shortcut and easy money not possible in Share market.

Patience and decipline is the key!!

​@Agrawal S Fully endorse your learnings. Patience and Discipline sound so simple sounding traits but are so difficult to practice. Apart from these, one needs to be 'lucky' at times.
Wishing you Good Luck 🍀

I want to open minor account please suggest which broker offer buy and sell order for minor account

Thank you

How much minimum balance required in indusind bank,

​@Goverdhan Lal garg Any bank has variety of savings Acs. So, depending on type of savings Ac, it couldd range from zero to even 50000 Rs and it also depends on region. Metro city branch charges more than a rural branch..

So, you have to ask customer care of that particular branch..

All the best..

​@Tejas Pandya Sir i opened minor account in indusland bank. Kindly suggest Demat account for ipo purpose and describe process of sale if allotted.

@One Man Opinion: Do u know any other bank account for minors with ASBA facility?

​@mailashish - All banks offers minor bank account opening faciltiy. From
experience major private bank like icici, kotak and indusind seems better. People in group have challenge using HDFC minor bank account while applying bHNI. Hope this helps

A mainboard IPO without Anchors, so if it were to be given a SME touch, the LM has a good track record.

Co. has a picked quite a unique space to place them in the apparel market. Their biggest highlight is that they procure from all across India, collate the variety and distribute it to B2B players. The on hand catalogue is huge with sarees, kurtis, lehengas, blouse pieces and also the data they have with them about their merchants which helps them to sell and prioritise their products in a better way.

Promoter group is experience rich with over 58 years in the same industry and over 90% of sales from Sarees. To cater to seasonality they offer Monsoon and Diwali special deals to their merchants. The available warehouse areas across 2 locations in Maharashtra is enough to cater to future needs so capex expansion is currently not in question

But since the overall industry itself grows at 8-10%, the co. will have hard time to grow and also to gain market share with the kind of competition in Sarees and apparels. Margins remain low due to this and revenues are flattish YoY. Also the regional concentration of their sales of around 80% in western regions is a concern as well their warehouse locations situated only in Maharashtra currently.
To expand margins they have decided to enter Men's ethnic wear and the seasonality effect can add to this in the near term if all goes as per planning. 15% of their total sales accrue in the festive period so that adds to it.

Issue objectives include funds needed for working capital, but estimates appear messed up with YoY revenue growth projected at 18%, when historically it has been close to 6%. So, in that effect the Revenue comes close to around 649 cr with PAT at 33 cr for FY25. That translates to a P/E of 19 currently with peers close to 24 P/E leaving some room on the table

Can be applied for listing gains but allotment gets tough due to the issue size.

Lock in only for Pre IPO and Anchors. QIBs can sell on listing @JOYS

When this ipo has no anchor?

Saraswati Saree Depot Limited IPO

Final Verdict ( Credit Newgen Consultancy)

Apply Only For Reasonable Listing Gains

Highlights of the Issue :

Date : 12-14 Aug
Price Band : 152-160
M.cap : 634 cr
Size : 160 cr
Fresh : 104 cr
OFS : 56 cr Forward Earnings Projections :

FY23 :
Rev : 602 cr
PAT : 23 cr

FY24 :
Rev : 611 cr
PAT : 29.5 cr

FY 25* :
Rev : 645 cr
PAT : 31.6 cr

FY26 :
Rev : 687 cr
PAT : 34 cr

Giving It A 22× FY26
Fair Price Comes At 189 Indicating An Upside Of 18%