The saree wholesale industry is marked by intense competition, fragmentation, thin margins, and significant seasonality. Despite these challenges, Saraswati Saree Depot's (pre-IPO) P/E valuation of 17.93x is considered reasonable. Given the industry's dynamics, competitive landscape, and cash flow challenges, this IPO is recommended for investors with a high-risk tolerance and a long-term investment perspective.
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Saraswati Saree shares hit 5% lower circuit for 2nd day after solid listing - Business Standard
