Saraswati Saree Depot IPO Details
The Saraswati Saree Depot IPO is a book build issue with a total issue size of ₹160.01 cr, comprising of fresh issue of 6499800 equity shares., and a offer for sale of 3501000 equity shares. Saraswati Saree Depot IPO opened for subscription on Aug 12, 2024 and closed on Aug 14, 2024. Saraswati Saree Depot IPO is set price band at ₹152 to ₹160 per share, with a lot size of 90 shares. Minimum investment for Retail investors was ₹14,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 16, 2024, and listed on both the NSE and BSE on Aug 20, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Unistone Capital Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Saraswati Saree Depot IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 152 – 160
- Lot Size
- 90
- Issue Size
- ₹160.01 Cr
- Minimum Investment
- ₹14400 (90 Shares)
- Listing Date
- 20 August 2024
Current GMP
₹42 (+26.25%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Saraswati Saree Depot Limited
Founded in 1966, Saraswati Saree Depot Limited is a key player in the sarees wholesale (B2B) segment and is also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average, more than 90% of the total revenues are generated from selling sarees. In Fiscal 2023, the company has served over 15,000 unique customers and has a product catalogue of over 3,00,000 different SKUs. The sarees are sourced from different manufacturers across India in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru.
Saraswati Saree Depot IPO Promoters
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.75%
Saraswati Saree Depot IPO Objective
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding working capital requirements of the company.
- General corporate purposes.
Address / Contact Info
Saraswati Saree Depot Limited
Sr No.144/1 Manademala,
Near Tawade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur - 416005
Phone: +919271009858
Email: cs@saraswatisareedepotlimited.com
Website: https://www.saraswatisareedepot.com
IPO Snapshot
Book Running Lead Managers
- Unistone Capital Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Saraswati Saree Depot IPO is a Book-building IPO with a total issue size of ₹160.01 crore. The Saraswati Saree Depot IPO price band is ₹152 to 160 per share. The Saraswati Saree Depot IPO subscription opens on Mon, Aug 12, 2024, and closes on Wed, Aug 14, 2024. The Saraswati Saree Depot IPO will be listed on the NSE,BSE. Bigshare Services Pvt Ltd is the registrar for the Saraswati Saree Depot IPO.
The Saraswati Saree Depot IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024
Saraswati Saree Depot IPO Price Band is ₹152 to 160 per share.
Saraswati Saree Depot IPO lot size is 90 shares, Retail investors need a minimum investment of ₹14400 based on the upper price band
The minimum investment for Saraswati Saree Depot IPO is ₹14400, based on one lot of 90 shares at the upper price band of ₹160 per share.
Investors can apply for the Saraswati Saree Depot IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 14, 2024. The application amount remains blocked until the Saraswati Saree Depot IPO allotment is finalized.
Saraswati Saree Depot IPO issue size is ₹160.01 crores.
Saraswati Saree Depot IPO allotment date is Wed, Jul 1, 2026.
The registrar for Saraswati Saree Depot IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Saraswati Saree Depot IPO allotment status, refund processing, and other IPO-related information.
The Saraswati Saree Depot IPO GMP (Grey Market Premium) is ₹42 as of Sat, Aug 17, 2024. Based on the upper price band of ₹160 per share, the estimated Saraswati Saree Depot IPO listing price is ₹202, indicating a potential listing gain of approximately 0% over the issue price.