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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Working capital requirements
Funding the working capital requirements of the company.
General corporate purposes
The balance of the net fresh issue proceeds for general corporate purposes.
(₹ in Crore)
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Saraswati Saree Depot Limited is a Kolhapur, Maharashtra based wholesaler of women's apparel, with the business tracing back several decades and the current company incorporated in 1996. Its core business is the business-to-business (B2B) wholesale trade of sarees, which make up the large majority of its revenue, alongside other women's wear such as kurtis, dress materials, blouse pieces, lehengas and bottoms. The company operates from stores in Kolhapur and Ulhasnagar in Maharashtra and has built a catalog of several hundred thousand SKUs sourced from a large network of weavers and suppliers across India. It serves a broad base of thousands of semi-wholesaler and retailer customers, largely concentrated in western and southern India, positioning it as an intermediary between manufacturers and the retail trade rather than a direct-to-consumer brand. The company's long operating history and scale of sourcing give it established relationships with suppliers and customers in a large but highly fragmented segment of India's textile trade, though its revenue remains concentrated in sarees and its retail footprint is limited to a small number of physical stores.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Scale of sourcing and inventory
A very large SKU catalog sourced from hundreds of weavers and suppliers gives the company the ability to procure in bulk and maintain broad product availability for its wholesale customers.
Long-standing supplier and customer relationships
Decades of operating history in the wholesale saree trade have built durable relationships with suppliers and a large base of semi-wholesaler and retailer customers, supporting favorable terms and repeat business.
Established regional distribution reach
The company sells largely across western and southern India, giving it a broad regional footprint within the fragmented wholesale textile trade.
Revenue concentration in sarees
The large majority of revenue comes from saree sales, leaving the business exposed to shifts in fashion trends or demand for this single product category.
Narrow physical retail footprint
The company operates from only two stores, both in Maharashtra, concentrating operational and local-economic risk in a single state.
Working-capital intensive wholesale model
The B2B wholesale business requires significant working capital, and any slowdown in customer collections or tightening supplier terms could pressure cash flows.
Saraswati Saree Depot Limited
Sr No. 144/1 Manademala, Near Tawade Hotel, Gandhinagar Road, Uchagaon, Kolhapur - 416005, Maharashtra
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