The SD Retail IPO, known as SWEET DREAMS, is set to open on September 20, 2024, and will close on September 24, 2024. Notably, this Book Built Issue aims to raise approximately ₹64.98 crores. Specifically, the issue comprises a fresh issue of ₹64.98 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
Table of contents
- SD Retail IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- SD Retail IPO GMP (Grey Market Premium)
- SD Retail IPO Application Form PDF
- SD Retail IPO Subscription Status
- SD Retail IPO Allotment Status
- IPO Review
- SD Retail IPO Registrar
- SD Retail IPO Lead Manager
- SD Retail IPO Limited Contact
- FAQs
SD Retail IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | SD Retail Limited |
| Industry | Textiles, Apparel and Accessories |
| IPO Issue Type | Book Built Issue |
| Open Date | September 20, 2024 |
| Close Date | September 24, 2024 |
| Total Issue Size | ₹64.98 Crores (4,960,000 Equity Shares) |
| Fresh Issue | ₹64.98 Crores (4,960,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹124 to ₹131 per share |
| Listing on | NSE SME |
| Lot Size | 1000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
SD Retail Limited is engaged in the design, manufacturing, outsourcing, marketing, and retailing of sleepwear under the brand name “SWEET DREAMS.” Notably, SWEET DREAMS has established a strong reputation, particularly for its stylish and comfortable sleepwear, catering to the entire family. Moreover, the brand holds a unique position in the habit-forming apparel category, combining comfort, style, and functionality, as their products are worn daily by customers during similar times of the day.
In particular, SWEET DREAMS has become a favorite among modern Indian women, who are most engaged with this category across various retail channels. Additionally, the company has expanded its portfolio to include a wide range of sleepwear for men and kids. With one of the most diverse collections of fabrics, colors, and styles among apparel retailers in India, their offerings include pyjamas, night sets, nighties, and T-shirts.
Furthermore, the company operates a well-constructed infrastructural facility and manufacturing unit equipped with the latest machines essential for modern production. Their products are designed to cater to all age groups, from kids aged 2 to 16 years, and to fit various body types and physiques. In addition to sleepwear, they also offer adjacent categories such as loungewear, workout wear, athleisure, and work-leisure pants, further expanding their product range.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 20, 2024 |
| IPO Close Date | September 24, 2024 |
| Basis of Allotment | September 25, 2024 |
| Refunds | September 26, 2024 |
| Credit to Demat Account | September 26, 2024 |
| IPO Listing Date | September 27, 2024 |
Financials (₹ in Lakhs)
| 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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹131,000 |
| Retail (Max) | 1 | 1000 | ₹131,000 |
| HNI (Min) | 2 | 2000 | ₹262,000 |
The objective of the Issue
- The company plans to allocate capital expenditure for setting up new exclusive brand outlets (EBOs).
- Additionally, funds will be used to meet working capital requirements, while a portion will also be directed toward general corporate purposes.
Company Promoters
- Mr. Hitesh Pravinchandra Ruparelia
- Mr. Utpalbhai Pravinchandra Ruparelia
- M/s. Sweet Dreams Loungewear LLP
- M/s. Grace Garments LLP
SD Retail IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the SD Retail IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including BikeWo GreenTech Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
SD Retail IPO Application Form PDF
To download the SD Retail IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
SD Retail IPO Subscription Status
This IPO subscription kicks off on September 20, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
SD Retail IPO Allotment Status
To check the SD Retail IPO allotment status go to the IPO registrar website Kfintech or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company benefits from a multi-channel, pan-India distribution network, with a newfound focus on expanding exclusive brand outlets (EBOs).
- Moreover, it boasts in-house expertise in product design and development, ensuring innovation and quality.
- Additionally, its strong unit economics are supported by a scalable, asset-light model, allowing for efficient growth.
- The business model itself is highly scalable, further enhancing its potential for expansion.
- Organizational stability, combined with management expertise, strengthens the company’s foundation.
- Furthermore, its existing client relationships and commitment to customer satisfaction contribute to its success.
- Lastly, its unique positioning in the sleepwear market, as gender-agnostic and catering to the entire family, sets it apart from competitors.
Risks:
- An application under Section 9 of the Insolvency and Bankruptcy Code, 2016, is currently pending with the NCLT, Ahmedabad. Consequently, an adverse outcome could impact our operations.
- Since our products are sold under the brand ‘WEET DREAMS,’ any ineffective marketing or decline in brand perception could, in turn, harm consumer footfall and negatively affect our business, financials, and operations.
- Given that our focus is on women’s sleepwear, we are vulnerable to fluctuations in demand and shifts in consumer preferences. As a result, these variations could adversely affect our business and financial condition.
- Moreover, any changes in consumer preferences or perceptions about product quality could damage our brand image and, consequently, our profitability.
- Furthermore, failing to maintain relationships with manufacturers, distributors, or sellers, or to establish new ones, could negatively impact our business and financial condition.
SD Retail IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: all.ipo@kfintech.com
Website: www.kfintech.com
SD Retail IPO Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath
Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
SD Retail IPO Limited Contact
S D RETAIL LIMITED
C-929, Stratum at Venus ground,
Nr. Jhansi Ki Rani Statue, Nehrunagar,
Ambawadi, Ahmedabad, Gujarat -380006
Phone: +91 7043106787
E-mail: info@sweetdreamsindia.com
Website: www.sweetdreams.in
FAQs
SD Retail’s IPO is an SME public offering aimed at raising ₹64.98 crores, with shares priced between ₹124 and ₹131 each. Consequently, it will be listed on the NSE.
Additionally, The subscription period for SD Retail’s IPO opens on September 20, 2024, for QIB, NII, and retail investors, and closes on September 24, 2024.
The minimum lot size for the IPO is 1,000 shares.
Furthermore, SD Retail’s IPO allotment date is September 25, 2024.
Moreover, SD Retail’s IPO listing date is September 27, 2024.
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