The SD Retail Logo IPO is a book-built issue valued at ₹64.98 crores, consisting entirely of a fresh issue of 49.6 lakh shares.
The subscription period for the SD Retail Logo IPO opens on September 20, 2024, and closes on September 24, 2024. The allotment of shares is expected to be finalized on Wednesday, September 25, 2024. The IPO will be listed on the NSE SME, with a tentative listing date set for Friday, September 27, 2024.
SD Retail operates in the apparel and sleepwear sector. They specialize in designing, manufacturing, outsourcing, marketing, and retailing sleepwear products under the brand name “SWEET DREAMS.” Their portfolio includes stylish and comfortable sleepwear for the entire family.
The price band for the SD Retail Logo IPO is set between ₹124 and ₹131 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of ₹131,000. High Net Worth Individuals (HNIs) must invest in a minimum of 2 lots, totaling 2,000 shares, or ₹262,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the SD Retail Logo IPO, while Kfin Technologies Limited has been appointed as the registrar for the issue. The market maker for this IPO is Spread X Securities.
SD Retail IPO Details:
| Company Name | SD Retail Limited |
| Sector | Apparel |
| IPO Type | SME |
| IPO Open date | 20th Sep 2024 |
| IPO Close date | 24th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
SD Retail IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,31,000 |
| HNI (Min) | 2 | 2000 | 2,62,000 |
SD Retail IPO Timeline:
| IPO Open Date | 20th Sep 2024 |
| IPO Close Date | 24th Sep 2024 |
| Basis of Allotment | 25th Sep 2024 |
| Refund Initiation Date | 26th Sep 2024 |
| Shares Credit to Demat | 26th Sep 2024 |
| Listing Date | 27th Sep 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review SD Retail’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Apparel Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in SD Retail and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
