SD Retail Limited IPO

NiftyTrader • September 17, 2024

Post Views: 285

SD Retail Limited IPO

SD Retail Limited IPO opens on September 20, 2024, and closes on September 24, 2024. SD Retail Limited IPO allotment is anticipated to be completed on Wednesday, September 25, 2024. SD Retail Limited IPO will be listed on NSE SME with a tentative listing date fixed as Friday, September 27, 2024.

SD Retail Limited IPO’s price band is Rs 124 to Rs 131 per share. The 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 Logo IPO Details

IPO Date	September 20, 2024 to September 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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 Logo IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹131,000
Retail (Max)	1	1000	₹131,000
S-HNI (Min)	2	2000	₹262,000

SD Retail Logo IPO Objectives

The company intends 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 Purposes.

About SD Retail Limited

Incorporated in May 2004, S D Retail Limited designs, manufactures, and markets sleepwear under the brand “SWEET DREAMS,” catering to men, women, and children aged 2-16. Known for stylish and comfortable sleepwear, the company operates an asset-light model, enabling it to efficiently scale through distributors, exclusive brand outlets, multi-brand outlets, and major e-commerce platforms both in India and internationally. With a workforce of 240 employees as of May 31, 2024, S D Retail leverages its flexible, scalable operations to offer a diverse range of fits and styles without owning store properties.

SD Retail Limited Financial Information

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

SD Retail Logo 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 Logo IPO Timeline

SD Retail Logo 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
A 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