SD Retail Limited -SME – Globe Capital Market LTD.
SD Retail Limited -SME
Closed
Price Band
₹124 to ₹131 per share
IPO Issue Period
September 20, 2024 to September 24, 2024
Issue Size
₹64.98 Cr
Face value
₹10 per share
Fresh issue
₹64.98 Cr
Offer for sale
NIL
Minimum Shares for Retail
1000 Shares
Listing on
NSE SME
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Friday, September 27, 2024
QIB
50%
NII
15%
Retail
35%

Beeline Capital Advisors Pvt Ltd.

S D Retail Limited, established in May 2004, specializes in designing, manufacturing, and retailing sleepwear under the “SWEET DREAMS” brand. The company offers stylish and comfortable products for men, women, and children aged 2-16, catering to various body types. It sells through distributors, exclusive and multi-brand outlets, and e-commerce platforms both in India and internationally. Operating on an asset-light model, S D Retail efficiently opens and scales its Exclusive Brand Outlets without owning the properties. As of May 31, 2024, the company had a workforce of 240 employees.

For year/ period ended (Rs. in lacs.)

H1FY24 FY23 FY22
Total Revenue 162.56 135.09 128.53
Profit After Tax 7.60 4.30 10.11
EPS 5.52 3.13 7.35
OPM (%) 8.49% 5.89% 10.81%
PATM (%) 4.67% 3.18% 7.87%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23

 

 

  • Scalable Business Model.
  • Established Organizational Stability.
  • Unique Positioning in the Sleepwear Market

 

  • Capital Expenditure.
  • Working Capital.
  • General corporate purposes.

S D Retail Limited operates in a fragmented market segment where many renowned companies operate with significant market share. The company has high short-term borrowings of around 40 crore. Despite an increase in revenue, the company’s margins have been inconsistent. With an upper price cap of Rs. 131 indicating a PE ratio of 23.73, so we maintain a neutral view on stock subscription.

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