The SD Retail IPO will open on September 20, 2024, and close on September 24, 2024. This Book Built Issue aims to raise approximately ₹64.98 crores, consisting of a fresh issue of ₹64.98 crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The price band for the SD Retail IPO is set between ₹124 and ₹131 per share, with a retail quota of 35%, QIB at 50%, and HNI at 15%. The shares are expected to list on the NSE SME on September 27, 2024, with allotments announced on September 25, 2024.
In its latest financials, the company reported revenue of ₹163.28 crores for 2024, up from ₹135.69 crores in 2023. Profits also saw an increase, rising to ₹7.60 crores in 2024 compared to ₹4.30 crores in 2023. Given these positive financial indicators, long-term investors may find this IPO appealing.
SD Retail IPO (SWEET DREAMS) Objectives:
Funding capital expenditures for establishing new exclusive brand outlets (EBOs)
Supporting working capital requirements
General corporate purposes
SD Retail IPO (SWEET DREAMS) Review (To Apply or Not):
Update coming soon
SD Retail IPO (SWEET DREAMS) Dates & Price Band Details:
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹124 to ₹131 Per Share |
| Issue Size: | Approx ₹64.98 Crores |
| Fresh Issue: | Approx ₹64.98 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
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SD Retail IPO (SWEET DREAMS) Lot Size:
The minimum market lot for the SD Retail IPO is 1,000 shares, with an application amount of ₹131,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹ 1,31,000 |
| Retail Maximum | 1 | 1000 | ₹ 1,31,000 |
| HNI Minimum | 2 | 2000 | ₹ 2,62,000 |
SD Retail IPO (SWEET DREAMS) Timeline:
The SD Retail IPO will open on September 20 and close on September 24. Allotments will be finalized on September 25, and the IPO is expected to be listed on September 27.
| 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 |
SD Retail IPO (SWEET DREAMS) GMP Today:
The Grey Market Premium (GMP) for the SD Retail Logo SME IPO is ₹0. With a price band of ₹131.00, the estimated listing price for the IPO is ₹131, which combines the cap price and today’s GMP. As a result, the expected percentage gain or loss per share is 0.00%.
Promoters of SD Retail IPO:
The promoters of the SD Retail IPO include Mr. Hitesh Pravinchandra Ruparelia, Mr. Utpalbhai Pravinchandra Ruparelia, M/s. Sweet Dreams Loungewear (India) LLP (formerly Sweet Dreams Loungewear (India) Private Limited), and M/s. Grace Garments LLP.
About SD Retail Limited:
SD Retail Limited specializes in designing, manufacturing, outsourcing, marketing, and retailing sleepwear products under the brand name “SWEET DREAMS.” Known for its stylish and comfortable offerings, SWEET DREAMS caters to the entire family, combining comfort, style, and functionality in its apparel.
The brand is especially favored by modern Indian women for its diverse range of sleepwear, available through various retail channels. The company also provides a new collection of sleepwear for men and children, boasting one of the most extensive portfolios in India in terms of fabrics, colors, and styles. Their product lineup includes pajamas, night sets, nighties, t-shirts, and more.
Operating from a well-equipped manufacturing facility with the latest machinery, SD Retail designs products for men, women, and children (ages 2 to 16), offering fits suitable for various body types. In addition to sleepwear, SD Retail also provides loungewear, workout wear, athleisure, and work leisure pants.
SD Retail IPO Company Financial Report:
In 2023, the company reported revenue of ₹135.69 crores, an increase from ₹128.74 crores in 2022. Profits were ₹4.30 crores in 2023, compared to ₹10.11 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹ 96.52 | ₹ 96.23 | ₹ 0.37 | ₹ 60.55 |
| 2022 | ₹ 128.74 | ₹ 117.10 | ₹ 10.11 | ₹ 77.60 |
| 2023 | ₹ 135.69 | ₹ 129.86 | ₹ 4.30 | ₹ 88.36 |
| Feb-24 | ₹ 144.80 | ₹ 136.51 | ₹ 6.15 | ₹ 117.50 |
SD Retail IPO Valuation – FY2023
Check SD Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details
| KPI | Values |
| ROE: | 13.42% |
| ROCE: | 14.41% |
| EBITDA Margin: | 5.63% |
| PAT Margin: | 3.18% |
| Debt to equity ratio: | 0.6 |
| Earning Per Share (EPS): | ₹3.13 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.58% |
| Net Asset Value (NAV): | ₹ 24.85 |
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Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Go Fashions (India) Limited | 15.33 | 65.53 | 15.73 | 96.36 | 665.28 Cr. |
| Bella Casa Fashion & Retail Limited | 6.8 | 17.23 | 10.33 | 65.88 | 201.76 Cr. |
| S.P. Apparels Limited | 36.02 | 8.93 | 12.62 | 269.03 | 939.52 Cr. |
SD Retail IPO Registrar
- Kfin Technologies Limited
- Phone: 04067162222, 04079611000
- Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
Beeline Capital Advisors Pvt Ltd
Company Address
- SD Retail Limited
- C-929, Stratum at Venus ground,
- Nr. Jhansi Ki Rani Statue, Nehrunagar
- Ambawadi, Ahmedabad -380006,
- Phone: +91 7043106787
- Email: info@sweetdreamsindia.com
- Website: https://www.sweetdreams.in/
SD Retail IPO (SWEET DREAMS) FAQs
What is SD Retail IPO?
SD Retail IPO is a SME IPO through which the company aims to raise ₹64.98 crores. The issue is priced between ₹124 and ₹131 per equity share, and it will be listed on the NSE.
When will the SD Retail IPO open for subscription?
The IPO will open for subscription on September 20, 2024, for QIB, NII, and retail investors, and will close on September 24, 2024.
What is the investor portion for the SD Retail IPO?
The allocation for investors is as follows: 50% for QIB, 15% for NII, and 35% for retail investors.
How can I apply for the SD Retail IPO?
You can apply for the SD Retail IPO online via ASBA through your bank account. You can also apply via UPI through your stock broker or by filling out an offline form with your broker.
What is the issue size of the SD Retail IPO?
The issue size of the SD Retail IPO is ₹64.98 crores.