๐ฟ Sat Kartar Shopping IPO Details ๐ฟ
IPO Overview:
๐ Issue Opens: January 10, 2025
๐ Issue Closes: January 14, 2025
๐ Equity Shares: 41,72,800
๐ธ Price Band: โน77 – โน81 per share
๐ผ Face Value: โน10 per share
๐ SME Platform Listing: NSE
๐ Lead Manager: Narnolia Financial Services
๐ Compliance Officer: Himanshu Malik
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๐ฑ Company Profile: Sat Kartar Shopping ๐ฑ
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Sat Kartar Shopping is a dedicated Ayurveda healthcare company providing natural wellness solutions. It combines traditional Ayurvedic knowledge with modern research, focusing on:
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Therapeutic products ๐งด
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Lifestyle products ๐ฟ
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Direct-to-Consumer (D2C) sales via its website, third-party e-commerce platforms, TV marketing, and digital applications ๐ฑ.
Special Features:
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Contract Manufacturing Model: Focus on innovation, branding, marketing, and distribution.
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In-house R&D Team: Led by BAMS Doctors for high-quality formulations.
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Asset-light Business Model: Ensures flexibility and reduced risk.
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๐ Industry Overview ๐
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India’s Health and Wellness Market ๐: Expected to grow at a CAGR of 5% from 2024-2032.
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Medical Tourism ๐ฅ: Estimated to reach $14.31 Billion by 2029.
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Ayurvedic Products Market ๐ฟ: Valued at $7.65 Billion in 2023, with a CAGR of 18.4% through 2029.
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Online Sales Channel ๐: Plays a pivotal role in expanding access to Ayurvedic products.
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๐ Pros & Strengths ๐
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PAN India Presence ๐: Significant revenue from key states like Tamil Nadu, Uttar Pradesh, Karnataka, and Andhra Pradesh.
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Asset-light Model ๐ผ: Enables focus on core activities and reduces risk.
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In-house R&D ๐งช: Ensures high-quality formulations.
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โ Risks & Concerns โ
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First-generation Entrepreneurs ๐จโ๐ผ: Limited experience in scaling operations.
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Supplier Dependence ๐ญ: Heavy reliance on top 10 suppliers (99% of finished goods).
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Geographic Revenue Concentration ๐: Major revenue from top 5 states, exposing the company to regional risks
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๐ก Outlook ๐ก
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Sat Kartar Shopping is well-positioned to capitalize on the growing demand for natural wellness products. The company’s direct-to-consumer approach and expansion into diverse health issues like slimming, hair care, gut health, PCOD, and mental wellness aim to broaden its customer base.
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With the IPO proceeds, the company plans to:
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Pursue acquisitions ๐
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Invest in marketing ๐ฃ
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Enhance technology ๐ป
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Address capital expenditure ๐ฐ
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Fulfill general corporate purposes ๐ข
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๐ Financial Performance ๐
Revenue Growth ๐: โน12,79,093.27 thousand in FY 2023-2024 (up 54.16% from FY 2022-23).
Profit Growth ๐ฐ: โน63,054.96 thousand in FY 2023-2024 (up 151.60% from FY 2022-23).
Sat Kartar Shopping’s strategic focus on product diversification and consumer demand-driven offerings positions it as a promising player in the booming Ayurveda healthcare market. ๐
Here see the DRHP ( Draft Red Herring Prospectus) Report of Sat Kartar