{"id":42335,"date":"2024-09-20T15:21:02","date_gmt":"2024-09-20T09:51:02","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2024\/09\/20\/sleepwear-focused-company-sd-retail-limited-raise-rs-18-50-crore-from-anchor-investors-ahead-of-its-ipo\/"},"modified":"2024-09-20T15:21:02","modified_gmt":"2024-09-20T09:51:02","slug":"sleepwear-focused-company-sd-retail-limited-raise-rs-18-50-crore-from-anchor-investors-ahead-of-its-ipo","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2024\/09\/20\/sleepwear-focused-company-sd-retail-limited-raise-rs-18-50-crore-from-anchor-investors-ahead-of-its-ipo\/","title":{"rendered":"Sleepwear focused company SD Retail Limited raise Rs. 18.50 crore from Anchor Investors ahead of its IPO"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], September 20: <\/strong>Ahmedabad-based Sleepwear-focused company SD Retail Limited (\u201cThe Company\u201d) , which designs, manufactures, outsources, markets, and retails sleepwear under the brand name \u201cSWEET DREAMS,\u201d has raised 1849.72 Lakhs ahead of its Initial Public Offering. The company has informed NSE that it allocated 14,12,000 equity shares at Rs. 131 per share on Thursday, September 19, 2024, to anchor investors.<\/p>\n

11\u00a0Anchors participated in the anchor portion viz. North Star Opportunities Fund, NAV Capital, Beacon Stone Capital, M7 Global Fund, SB Opportunities Fund, Shine Star Build Cap, JAS Venture Fund, Benani Capital, IMAP India Capital Investment Trust,\u00a0Finavenue\u00a0Capital Trust and Anubhuti Value Trust.<\/p>\n

About the IPO<\/strong><\/h5>\n

\u2022\u00a0Price Band of \u20b9124\/ \u2013 \u20b9131\/- per equity share bearing face value of \u20b910\/- each (\u201cEquity Shares\u201d).<\/p>\n

\u2022\u00a0Issue size: \u20b9 64.98 Cr (upper price band).<\/p>\n

\u2022\u00a0Retail, HNI, QIB Bid\/Offer Opening Date \u2013 Friday, September 20, 2024 and Bid\/Offer Closing Date \u2013 Tuesday, September 24, 2024<\/p>\n

\u2022\u00a0Lot Size: 1000 Equity Shares<\/p>\n

\u2022\u00a0QIB Quota: 9,42,000 Equity Shares<\/p>\n

\u2022\u00a0HNI Quota: 7,07,000 Equity Shares<\/p>\n

\u2022\u00a0Retail Quota: 16,49,000 Equity Shares<\/p>\n

\u2022\u00a0Market Maker Portion: 2,50,000 Equity Shares<\/p>\n

The company aims to raise nearly Rs 65 crore\u00a0(upper price band)through the SME IPO and list the shares on NSE\u00a0Emerge\u00a0platform. The\u00a0proceeds from its fresh issuance worth Rs\u00a016.48\u00a0crore will be utilized\u00a0for\u00a0Capital expenditure to be incurred by\u00a0the\u00a0Company for setting up new exclusive brand outlets (\u201cEBOs\u201d),\u00a0Rs 35 crore for Funding Working Capital Requirements, and\u00a0the\u00a0rest\u00a0for general corporate purposes.<\/p>\n

The Company\u00a0offers a diverse range of stylish and comfortable sleepwear for the entire family, celebrating the transition from work to home life and addressing every aspect of leisure time. By combining comfort, style, and functionality, SWEET DREAMS has carved out a unique position in a habitual apparel category, with customers wearing its clothes daily.<\/p>\n

The brand primarily targets modern Indian women\u2019s sleepwear needs, as this demographic is highly engaged with the category across various retail channels. Additionally, S D Retail Limited provides sleepwear for men and children, whose casual attire is often purchased by women in the household. The company boasts one of the broadest selections of sleepwear among Indian apparel retailers, offering a variety of fabrics, colours, and styles, including pyjamas, night sets, nighties, and T-shirts.<\/p>\n

The company sells its products through distributors, exclusive brand outlets (EBOs), and multi-brand outlets (MBOs) across various states and union territories in India. Its products are also available on e-commerce platforms like Myntra, AJIO,\u00a0Nykaa, Flipkart, Amazon, and the company\u2019s own website, enabling sales both domestically and internationally.\u00a0The\u00a0company has an established track record of around 20 years, and\u00a0the\u00a0Promoter and Managing Director, supported by an experienced team,\u00a0have\u00a0been instrumental\u00a0in\u00a0their growth.<\/p>\n

The company tends to\u00a0strengthen\u00a0its\u00a0leadership position in the sleepwear market and focus on additional product launches,\u00a0expand\u00a0its\u00a0retail network with a focus on EBOs, leverage technology to shift towards D2C sales and strengthen\u00a0its\u00a0online presence by capitalizing on the e-commerce trend.<\/p>\n

SD Retail clocked a profit of Rs 7.59 crore in the financial year FY24 as compared to a net profit of Rs 4.3 crore in FY23. Revenue from operations had increased by 20.34% from Rs 135.08 crore in FY23 to Rs 162.55 crore in FY24, primarily due to an increase in sales of products & Export Incentive during the year, EBO\u2019s business, LFS business, Online business, doing well as compared to FY23.<\/p>\n

Beeline Capital Advisors Private Limited is the\u00a0sole\u00a0book running\u00a0lead manager, and\u00a0KFIN Technologies Limited\u00a0is the registrar of the issue.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], September 20: Ahmedabad-based Sleepwear-focused company SD Retail Limited (\u201cThe Company\u201d) , which designs, manufactures, outsources,<\/p>\n","protected":false},"author":1,"featured_media":42336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-42335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/42335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=42335"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/42335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/42336"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=42335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=42335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=42335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}