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SD Retail IPO is a book built issue of Rs 64.98 crores. The issue is entirely a fresh issue of 49.6 lakh shares.
SD Retail IPO bidding started from September 20, 2024 and ended on September 24, 2024. The allotment for SD Retail IPO was finalized on Wednesday, September 25, 2024. The shares got listed on NSE SME on September 27, 2024.
SD Retail IPO price band is set at ₹124 to ₹131 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹131,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹262,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the SD Retail IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for SD Retail IPO is Spread X Securities.
Refer to SD Retail IPO RHP for detailed information.
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | September 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹124 to ₹131 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 4,960,000 shares (aggregating up to ₹64.98 Cr) |
| Fresh Issue | 4,960,000 shares (aggregating up to ₹64.98 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,762,386 |
| Share holding post issue | 18,722,386 |
| Market Maker portion | 250,000 shares Spread X Securities |
SD Retail IPO offers 49,60,000 shares. 9,42,000 (18.99%) to QIB, 7,07,000 (14.25%) to NII, 16,49,000 (33.25%) to RII and 14,12,000 (28.47%) to Anchor investors.
| 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 IPO raises Rs 18.50 crore from anchor investors. SD Retail IPO Anchor bid date is September 19, 2024. SD Retail IPO Anchor Investors list
| Bid Date | September 19, 2024 |
| Shares Offered | 1,412,000 |
| Anchor Portion Size (In Cr.) | 18.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 23, 2024 |
SD Retail IPO opens on September 20, 2024, and closes on September 24, 2024.
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹131,000 |
| Retail (Max) | 1 | 1000 | ₹131,000 |
| HNI (Min) | 2 | 2,000 | ₹262,000 |
| Lot Size Calculator | |||
The company's promoters are Mr. Hitesh Pravinchandra Ruparelia and Mr. Utpalbhai Pravinchandra Ruparelia, M/s. Sweet Dreams Loungewear (India) LLP (Formerly known as Sweet Dreams Loungewear (India) Private Limited) and M/s. Grace Garments LLP
| Share Holding Pre Issue | 88.82% |
| Share Holding Post Issue | 65.29% |
Incorporated in May 2004, S D Retail Limited designs, manufactures, outsources, markets, and retails sleepwear under the brand name "SWEET DREAMS".
SWEET DREAMS offers stylish and comfortable sleepwear for the whole family, celebrating the transition from work to home life.
The company designs its products for men, women, and kids aged 2-16, offering fits suitable for various body types.
As of February 29, 2024, the company sold its products through distributors, exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, both in India and internationally.
The company operates on an asset-light model. It covers all aspects of its sales operations without owning any of the properties where its stores are located. This asset-light model allows for scalability and facilitates the efficient opening of Exclusive Brand Outlets (EBOs).
As of May 31, 2024, the company employed 240 individuals across various departments.
SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 12,225.54 | 8,835.65 | 7,759.56 | |||||||||||||||||||||||||||
| Revenue | 16,328.48 | 13,568.86 | 12,873.65 | |||||||||||||||||||||||||||
| Profit After Tax | 759.76 | 430.17 | 1,011.06 | |||||||||||||||||||||||||||
| Net Worth | 4,179.98 | 3,420.22 | 2,990.04 | |||||||||||||||||||||||||||
| Reserves and Surplus | 4,054.87 | 3,357.66 | 2,927.49 | |||||||||||||||||||||||||||
| Total Borrowing | 4,354.72 | 2,051.31 | 1,844.13 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of SD Retail IPO is Rs 245.26 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 6.29% |
| ROCE | 15.61% |
| Debt/Equity | 1.04 |
| RoNW | 18.18% |
| P/BV | 4.31 |
| PAT Margin (%) | 4.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.52 | 4.06 |
| P/E (x) | 23.73 | 32.28 |
The company intend to utilize the net proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is engaged in the business of designing, manufacturing, outsourcing and marketing of sleepwear that are sold under its brand “Sweet Dreams”. The company has the legacy of over three decades in the business, and though it is operating in a highly competitive and fragmented segment, it is gaining grounds post the Pandemic. The company is on expansion spree to increase its stores count. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
The SD Retail IPO is subscribed 97.08 times on September 24, 2024 6:19:58 PM. The public issue subscribed 65.25 times in the retail category, 69.84 times in the QIB category, and 207.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 69.84 |
| NII | 207.62 |
| Retail | 65.25 |
| Total | 97.08 |
Total Application : 107,597 (65.25 times)
| Listing Date | September 27, 2024 |
| BSE Script Code | |
| NSE Symbol | SDREAMS |
| ISIN | INE0X6F01017 |
| Final Issue Price | ₹131 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹131.00 |
| ₹145.00 |
| ₹144.00 |
| ₹152.25 |
| ₹150.90 |
SD Retail Limited
C-929, Stratum at Venus ground,
Nr. Jhansi Ki Rani Statue, Nehrunagar
Ambawadi, Ahmedabad -380006,
Phone: +91 7043106787
Email: info@sweetdreamsindia.com
Website: https://www.sweetdreams.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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SD Retail IPO is a SME IPO of 4,960,000 equity shares of the face value of ₹10 aggregating up to ₹64.98 Crores. The issue is priced at ₹124 to ₹131 per share. The minimum order quantity is 1000 Shares.
The IPO opens on September 20, 2024, and closes on September 24, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SD Retail IPO using UPI as a payment gateway. Zerodha customers can apply in SD Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SD Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SD Retail IPO opens on September 20, 2024 and closes on September 24, 2024.
SD Retail IPO lot size is 1000 Shares, and the minimum amount required is ₹131,000.
You can apply in SD Retail IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SD Retail IPO will be done on Wednesday, September 25, 2024, and the allotted shares will be credited to your demat account by Thursday, September 26, 2024. Check the SD Retail IPO allotment status.
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