SD Retail is scheduled to hit the market on September 20, 2024 and close on September 24, 2024.
SD Retail plans to raise around ₹64.98 Cr through an IPO with a sale of up to 4,960,000 equity shares of ₹10 each. The Retail offered 35.00%, QIB Shares Offered 50%, HNI Shares Offered 15%.
S D Retail Limited was started in May 2004 and focuses on designing, making, outsourcing, marketing, and selling sleepwear under the brand name “SWEET DREAMS.” Their products are stylish and comfortable for the entire family, helping people relax after work. They create sleepwear for men, women, and children aged 2 to 16, ensuring that the fits work for different body types.
As of February 29, 2024, SWEET DREAMS sells its products through distributors, exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and popular online platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, both in India and abroad. The company uses an asset-light model, meaning it does not own the properties where its stores are located. This approach makes it easier to grow and open new EBOs. As of May 31, 2024, S D Retail Limited has 240 employees working in different areas.
SD Retail IPO Details
SD Retail IPO opens on September 20, 2024, and closes on September 24, 2024. The Listing date for SD Retail IPO is on September 27, 2024. The price band for IPO is ₹124 to ₹131 per share and lot size of 1000 Shares.
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | September 27, 2024 |
| Price | ₹124 to ₹131 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹64.98 Cr |
| Face Value | ₹10 per share |
SD Retail IPO Tentative Timetable
SD Retail opening date is September 20, 2024 and close date is September 24, 2024. The IPO allotment date is September 25, 2024. Therefund initiation of IPO is on September 26, 2024. The credit of shares in demat account is on September 26, 2024. The listing date is on September 27, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 20, 2024 |
| IPO Closing | September 24, 2024 |
| IPO Allotment Date | September 25, 2024 |
| Refund Initiation | September 26, 2024 |
| Shares Credit to Demat | September 26, 2024 |
| Lisiting Date | September 27, 2024 |
SD Retail IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹131,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹131,000 |
| Retail(Maximum) | 1 | 1000 | ₹131,000 |
| HNI (Minimum) | 2 | 2000 | ₹262,000 |
SD Retail IPO Promoter Holding
| Pre Issue Share Holding | 88.82% |
| Post Issue Share Holding |
SD Retail IPO Review
The company is launching its first IPO (Initial Public Offering) through a book building process. They are offering 4,960,000 equity shares with a face value of Rs. 10 each to raise Rs. 64.98 crore at the highest price in the price range.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 128.74 cr. / Rs. 10.11 cr. (FY22), Rs. 135.69 cr. / Rs. 4.30 cr. (FY23), and Rs. 163.29 cr. / Rs. 7.60 cr. (FY24).
For the last three fiscals, it has reported an average EPS of Rs. 5.33 and an average RoNW of 18.92%. The issue is priced at a P/BV of 4.31 based on its NAV of Rs. 30.37 as of March 31, 2024, and at a P/BV of 2.30 based on its post-IPO NAV of 57.03 per share (at the upper cap).
If we attribute FY24 super earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 32.27. Based on FY23 earnings, the P/E stands at 56.96. Thus the issue relatively appears fully priced.
The company reported PAT margins of 7.87% (FY22), 3.18% (FY23), 4.67% (FY24), and RoCE margins of 27.94%, 144.41%, 15.61% for the referred periods, respectively.
According to the offer document, the company listed GO Fashions, Bella Casa, and S P Apparels as its peers. Their price-to-earnings (P/E) ratios are 79.5, 58.6, and 26.7 as of September 16, 2024. However, these companies are not exactly similar for direct comparison.
The company designs, makes, outsources, and sells sleepwear under the brand “Sweet Dreams.” It has been in the business for over thirty years. Even though the market is very competitive and divided, the company is doing well after the pandemic. It is also working on opening more stores. Based on the earnings for FY24, the stock seems to be fully valued right now. Investors might consider investing for the medium to long term.
SD Retail IPO Subscription Status (Bidding Details)
Table not foundSD Retail IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
SD Retail IPO FAQs
What is SD Retail IPO?
SD Retail is issuing 4,960,000 equity shares with a face value of ₹10 each, totaling up to ₹64.98 Cr. The shares are being offered at a price of ₹124 to ₹131 each, with a minimum order quantity of 1000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When SD Retail IPO will open?
SD Retail will open on September 20, 2024 for QIB, NII, and Retail Investors.
When SD Retail IPO will end?
SD Retail will end on September 24, 2024.
What is SD Retail IPO Size?
SD Retail IPO size is ₹64.98 Cr.
What is SD Retail IPO Price Band?
SD Retail price band is ₹124 to ₹131 per share.
What is SD Retail IPO Allotment Date?
SD Retail allotment date is September 25, 2024.
What is SD Retail IPO Listing Date?
SD Retail listing date is September 27, 2024. The IPO is to be listed on BSE and NSE.
How to Apply SD Retail IPO through Zerodha?
To apply for the IPO “SD Retail” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply SD Retail IPO through Upstox?
To apply for the IPO “SD Retail” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check SD Retail IPO Allotment Status?
For SD Retail IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is SD Retail IPO GMP?
You can check out here: SD Retail IPO GMP. Check all IPO GMP here.