About the Company:
SD Retail Ltd is in the business of designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name “SWEET DREAMS”.
SWEET DREAMS is a sleepwear-focused company offering a wide portfolio of stylish and comfortable sleepwear for the entire family.
The brand is targeted primarily at the modern Indian woman’s sleepwear requirements since she is most engaged with this category across various retail channels.
In addition, Company also sells sleepwear for men and kids, whose casual clothes are predominantly purchased by the women in the house. Company offers one of the widest portfolios of sleepwear products among apparel retailers in India in terms of fabrics, colours, and styles.
Company’s sleepwear products includes Pyjamas, Night Sets, Nighties, T-shirts, etc. We design our products to cater to men and women acrossall age groups including kids (from age 2 Year to 16 Year) and fits that are suitable to various body types and physiques. In addition, company is also present in adjacent categories such as loungewear, workout wear, athleisure, and work leisure pants.
Company’s Distribution Network:
Company sold products through distributors, exclusive brand outlets (EBOs), and multi-brand outlets (MBOs) located across various states and union territories in India. Company also sells products through e-commerce platforms such as Myntra, AJIO, Nykaa, Flipkart, Amazon, and our own website. We sell our products across India and internationally through multiple distribution channels.
In the past two years, Company has undertaken the journey of building a network of existing 23 exclusive brand outlets (“EBOs”) as of March 31, 2024 and 33 EBO’s as on date.
Company’s Location Wise EBO Distribution are as follows:
Company Key Operational Parameters:
Company’s Channel-wise breakup of revenue: (in Lakhs)
Management Team:
- Mr. Hitesh Pravinchandra Ruparelia (Designation: Chairman cum Managing Director)
- Mr. Utpalbhai Pravinchandra Ruparelia (Designation: Whole Time Director)
Objectives of the Issue:
Fresh Issue: (Rs.64.97 cr)
- Capital expenditure to be incurred by our Company for setting up new exclusive brand outlets (“EBOs”).
- Funding Working Capital Requirement.
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Capital expenditure to be incurred by our Company for setting up new exclusive brand outlets (“EBOs”) | 16.48 cr |
| Funding Working Capital Requirement | 350 cr |
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | FY 24 |
|---|---|---|---|
| Revenue | 128.73 | 135.68 | 163.28 |
| Net Profit | 10.11 | 4.30 | 7.59 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| S D Retail Ltd | 10 | 5.52 | 23.71 | 18.18% | 30.37 |
| Go Fashions (India) Ltd | 10 | 15.32 | 78.67 | 13.82% | 111.81 |
| Bella Casa Fashion & Retail Ltd |
10 | 8.89 | 33.77 | 12.02% | 73.96 |
| S.P. Apparels Ltd | 10 | 41.35 | 14.04 | 14.30% | 31.04 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 20th September 2024 |
| Issue Closes on | 24th September 2024 |
| Issue Price | Rs.124 -131 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 Shares |
| Minimum Investment | Rs.1,31,000 |
| Issue Constitutes | 26.49% |
| Issue Size | Rs.64.97 cr |
| Market Cap | Rs.245 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 49,60,000 (Rs.64.97 cr) |
| Equity Shares Prior to the Issue | 1,37,62,386 |
| Equity Shares after the Issue | 1,87,22,386 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 5.52 | 23.71 | 18.18% | 30.37 |
Also Read: Complete List of NSE/BSE Holidays List>>
Important Dates:
| Finalization of Basis of Allotment | on or Before 25th September 2024 |
| Initiation of Refunds | on or Before 26th September 2024 |
| Credit of Equity Shares: | on or Before 26th September 2024 |
| Listing Date: | on or Before 27th September 2024 |
| Company Contact Info: |
|---|
| SD Retail Ltd C-929, Stratum at Venus ground, Nr. Jhansi Ki Rani Statue, Nehrunagar, Ambawadi, Ahmedabad, Gujarat -380006, India. Tel. No.: +91 7043106787 E-mail: info@sweetdreamsindia.com Website:www.sweetdreams.in |
| Registrar to the Issue: |
|---|
| KFIN TECHNOLOGIES LIMITED Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel. No.: +91 40 6716 2222 Email: all.ipo@kfintech.com Website: www.kfintech.com |
