IPO Details
Bidding Dates
20 Sept 24 - 24 Sept 24
Price Range ₹
124 - 131
Total Equity
₹ 64.98Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
20 Sept 2024
Offer end
24 Sept 2024
Allotment
25 Sept 2024
Refund initiation
26 Sept 2024
Demat transfer
26 Sept 2024
Listing
27 Sept 2024
Offer start
20 Sept 2024
Offer end
24 Sept 2024
Allotment
25 Sept 2024
Refund initiation
26 Sept 2024
Demat transfer
26 Sept 2024
Listing
27 Sept 2024
About Company
Incorporated in May 2004, S D Retail Limited is a designer and manufacturer of sleepwear under the brand "SWEET DREAMS." The company specializes in creating stylish and comfortable sleepwear for the entire family, facilitating a seamless transition from work to home life. Product Range and Distribution: - Target Audience:SWEET DREAMS offers a range of sleepwear for men, women, and children aged 2-16, with fits designed for various body types. - Sales Channels:As of February 29, 2024, the company distributes its products through a network of distributors, exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and e-commerce platforms such as Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, catering to both domestic and international markets. Business Model and Operations: - Asset-Light Model: The company operates on an asset-light model, managing its sales operations without owning the properties of its stores. This approach enhances scalability and supports the efficient establishment of new Exclusive Brand Outlets (EBOs). - Workforce: As of May 31, 2024, S D Retail Limited employs 240 individuals across various departments.
Year Founded
14-05-2004
Promotor Details
Hitesh Pravinchandra Ruparelia
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 88.82 | 65.29 |
| Share Capital | 12223386 | 12223386 |
Offer to Public
49,60,000.00 Cr
Highlights
- The company operates a state-of-the-art manufacturing unit, enhancing its production capabilities and product quality.
- SD Retail effectively utilizes a combination of distributors, EBOs, and MBOs to reach a broad customer base across India.
- By partnering with leading e-commerce platforms and maintaining its own website, the company effectively taps into both domestic and international markets.
- The company has shown a steady increase in revenue over the past few years, reflecting strong market demand and effective business strategies.
- Operating 22 EBOs provides the company with significant brand visibility and direct customer engagement.
Challenges
- The company's entire product line is marketed under the single brand "SWEET DREAMS." Any failure in effectively marketing this brand or any negative shifts in brand perception could harm its reputation and lead to reduced sales, adversely affecting the company's operations and finances.
- The company's revenue is significantly dependent on a few major customers. Any loss of these key customers, difficulties in retaining them, or a decline in demand from them could negatively impact the company's business.
- As of February 29, 2024, SD Retail's short-term borrowings amounted to Rs 29.06 crore. Failure to repay or service these loans on time could adversely affect the company's financial standing.
- A substantial portion of the company's revenue is derived from women’s sleepwear. For the periods ending February 29, 2024, and the financial years FY23, FY22, and FY21, this segment contributed a significant percentage to the total revenue. Changes in consumer preferences or a decline in demand for this segment could negatively impact the company's financial performance.
- While SD Retail designs its products in-house, it relies on third-party manufacturers for some of its production. The absence of exclusive agreements with these manufacturers means that any issues with production quality, quantity, or timely delivery could seriously impact the business.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 6,020.60 | 62.56 | 1,011.06 | 1,011.06 | 7.3461 |
| 2024 | 12,157.05 | 125.11 | 37.23 | 37.23 | 0.2705 |
| 2022 | 7,715.68 | 62.56 | 1,011.06 | 1,011.06 | 7.3461 |
| 2023 | 8,782.76 | 62.56 | 1,011.06 | 1,011.06 | 7.3461 |
