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 |
