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SD Retail Limited IPO, GMP, Details, Price, and Review
SD Retail Limited is in the business of designing, manufacturing, outsourcing, marketing and retailing sleepwear under the brand name “SWEET DREAMS”. SWEET DREAMS is a sleepwear-focused company offering a wide portfolio 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 combination of comfort, style and functionality places SWEET DREAMS in a unique position within a habit-forming apparel category, where the clothes are worn daily by their customers in similar time ranges. This brand is targeted primarily at the modern Indian women's sleepwear requirements since she is most engaged with this category across various retail channels. In addition, they also sells sleepwear for men and kids, whose casual clothes are predominantly purchased by the women in the house. The company offers one of the widest portfolios of sleepwear products among apparel retailers in India in terms of fabrics, colours and styles.
- SD Retail IPO Overview:
- Issue Size: ₹64.98 crore
- Type: Entirely a fresh issue (49.6 lakh shares)
- Subscription Dates: September 20, 2024, to September 24, 2024
- Price Band: ₹124 to ₹131 per share
- Minimum Lot Size: 1000 shares
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
SD Retail Limited IPO, GMP, Details, Price, and Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-27 | 131 | 20 (15.27%) | 2024-09-27 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
SD Retail Limited IPO, GMP, Details, Price, and Review Details
| Detail | Description |
|---|---|
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | - |
| 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 |
| Shareholding pre issue | 13,762,386 |
| Shareholding post issue | 18,722,386 |
| Market Maker portion | 250,000 shares |
SD Retail Limited IPO, GMP, Details, Price, and Review Timeline
| Detail | Description |
|---|---|
| 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 |
SD Retail Limited IPO, GMP, Details, Price, and Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹131,000 |
| Retail (Max) | 1 | 1000 | ₹131,000 |
| HNI (Min) | 2 | 2000 | ₹262,000 |
SD Retail Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
SD Retail Limited IPO, GMP, Details, Price, and Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 88.82% | - |
Company & Financials
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).
Competitive Strength:
- -
SD Retail Limited IPO, GMP, Details, Price, and Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 Feb 2024 | 11,750.09 | 14,480.37 | 614.89 | 4,035.11 | - | 2,905.96 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 8,835.65 | 13,568.86 | 430.17 | 3,420.22 | - | 2,051.31 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 7,759.56 | 12,873.65 | 1,011.06 | 2,990.04 | - | 1,844.13 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 6,055.14 | 9,652.26 | 37.23 | 1,978.98 | - | 1,363.67 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.13 | 3.58 |
| P/E (x) | 41.91 | 36.56 |
Objectives of SD Retail IPO
- The company intend to utilize the net proceeds of the Issue to meet the following objectives: -
- 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 Review
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.
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Frequently Asked Questions (FAQs)
-
What is SD Retail IPO?
SD Retail IPO is a SME IPO. The company is going to raise ₹64.98 Crores via IPO. The issue is priced at ₹124 to ₹131 per equity share. The IPO is to be listed on NSE.
-
When will the SD Retail IPO open for subscription?
The IPO is to open on September 20, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 24, 2024.
-
What is SD Retail IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is SD Retail IPO Issue Size?
SD Retail IPO issue size is ₹64.98 crores.
-
What is SD Retail IPO Price Band?
SD Retail IPO Price Band is ₹124 to ₹131.
-
What is the SD Retail IPO Allotment Date?
SD Retail IPO allotment date is September 25, 2024.
