Sweet Dreams Retail Ltd to go public, DRHP files

Until Sweet Dreams Retail Ltd., 2SD Retail Ltd. filed in the sleepwear industry, took a significant step towards going public by filing a Draft Red Herring Prospectus (DRHP) for its SME Initial Public Offering (IPO). The move by the company is aimed at leveraging the capital markets to boost its growth and expansion plans. SD Retail Limited, known for its strong presence in the retail sector, outlined the plans in its DRHP. The main objective of the IPO is to raise capital to open new retail outlets and expand the existing infrastructure in the market. We tell you that the company is gearing up for an SME IPO and investors keeping an eye on the market will also be keeping a close eye on its progress. Note that the company's IPO is a fresh issue of 49.60 lakh shares, starting at Rs 10 per share, with no offer for sale. SD Retail Limited's foray into capital markets will strengthen its market presence. SD Retail Products Established in 2015, SD Retail Limited has established itself as a leading name in the sleepwear segment popularly known as the 'Sweet Dreams' brand. It is known for high quality products and unique designs. The company offers sleepwear for men, women and children. It includes products like t-shirts, nighties, pajamas etc. to meet the needs of customers according to different age groups and sizes. What is DRHP DRHP is a comprehensive document outlining SD Retail Limited's business model, financial health and future strategies. It provides potential investors with important information about the company's revenue, profitability and growth. By filing the DRHP, SD Retail Limited has indicated its willingness to comply with regulatory norms and engage openly in the market. SD Retail Ltd. SD Retail Ltd.'s market position has been growing steadily over the years with increasing demand for comfortable and stylish sleepwear. Due to the good quality of the company's products, the company is able to satisfy its customers. As the company's grip on the market is getting stronger due to this, the funds raised through the SME IPO will help in expanding the company's product range and improving its distribution network. Let us tell you that last year 2023, the company made a profit of Rs 4.30 crore on revenue of Rs 135.09 crore. As of February 29, 2024, the company's revenue stood at Rs 144.14 crore, out of which the company made a profit of Rs 6.15 crore. The post SWEET DREAMS Retail Limited to go public, DRHP filed