Saraswati Saree Depot IPO closes today; Should you Bid? Check GMP & more
The unlisted shares of Saraswati Saree Depot are commanding a strong premium on the last day of subscription. Should you subscribe to the Saraswati Saree Depot IPO?14-08-2024
14-08-2024
Saraswati Saree one more among many drapers
The company's revenues have grown from 549 crore in FY22 to 611 crore in FY24. During the same period, the net profit has more than doubled from 12.3 crore to 29.5 crore. The Ebitda margin has increased from 3.8% to 6.7%. Its return on capital employed for FY24 stood at 64%. The company is planning to foray into ethnic men's wear - a segment that is expected to grow at over 10%.12-08-2024