Saraswati Saree Depot IPO details (12 – 14 Aug), (Price: ₹152 – ₹160)
Listing date and Listing Price of Saraswati Saree Depot IPO:
- Saraswati Saree Depot IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Saraswati Saree Depot IPO on NSE – Click Here
- Listing Price of Saraswati Saree Depot IPO on BSE – Click Here
Grey Market premium (GMP) price of Saraswati Saree Depot IPO:
Grey Market premium (GMP) price of Saraswati Saree Depot IPO is Rs. __. Grey Market premium (GMP) of Saraswati Saree Depot IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. (Source : ipowatch.in) Check latest GMP of all IPOs.
Saraswati Saree Depot IPO Allotment link status on Bigshare:
Check the allotment status of Saraswati Saree Depot IPO on these three links given by Bigshare.
- Saraswati Saree Depot IPO Allotment Link 1 – https://ipo.bigshareonline.com/IPO_Status.html
- Saraswati Saree Depot IPO Allotment Link 2 – https://ipo1.bigshareonline.com/IPO_Status.html
- Saraswati Saree Depot IPO Allotment Link 3 – https://ipo2.bigshareonline.com/IPO_Status.html
Saraswati Saree Depot IPO Allotment link status on Bigshare can be checked by Application No or DPID / Client ID or PAN.
Saraswati Saree Depot IPO subscription status details:
| QIB (Qualified Institl. Bidders) | NII (bids above ₹10L) | NII (bids below ₹10L) | RII (Retail) | Total No. of times applied | |
| Day 1 | |||||
| Day 2 | |||||
| Day 3 |
Saraswati Saree Depot IPO highlights:
| Saraswati Saree Depot IPO bid Opens on | 12 Aug 2024 |
| Saraswati Saree Depot IPO bid Closes on | 14 Aug 2024 |
| Issue type | 100% Book Building |
| Saraswati Saree Depot IPO issue size | ₹ 160.01 Cr |
| Face value of each equity share | Rs. 10 |
| Saraswati Saree Depot IPO Price band | Rs. 152 to Rs. 160 per share |
| Saraswati Saree Depot IPO market lot | 72 shares and multiples |
| Saraswati Saree Depot IPO minimum order quantity | 72 equity shares |
| Pre IPO equity share of promoters of Saraswati Saree Depot | 100 % |
| Post IPO paid-up equity share of promoters of Saraswati Saree Depot | 74.75 % |
| QIB portion reservation in Saraswati Saree Depot IPO | 50 % |
| NIB portion reservation in Saraswati Saree Depot IPO | 15 % |
| Retail portion reservation in Saraswati Saree Depot IPO | 35 % |
| Retail individual bidder can apply in Saraswati Saree Depot IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Saraswati Saree Depot IPO | NA |
| Employees can apply in Saraswati Saree Depot IPO | up to 5 lakh (500,000) |
| Employees Reservation in Saraswati Saree Depot IPO | NA |
| Employees Discount in Saraswati Saree Depot IPO | NA |
| Listing of Saraswati Saree Depot at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Saraswati Saree Depot | NA |
| Registrar of Saraswati Saree Depot IPO issue | Bigshare Services Private Ltd. |
Saraswati Saree Depot IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Saraswati Saree Depot IPO are mentioned below.
| Saraswati Saree Depot IPO opens on | 12.08.2024 |
| Saraswati Saree Depot IPO Closes on | 14.08.2024 |
| Allotment basis date of Saraswati Saree Depot IPO | 16.08.2024 |
| Money refund date of Saraswati Saree Depot IPO | 19.08.2024 |
| Shares of Saraswati Saree Depot in Demat Account | 19.08.2024 |
| Saraswati Saree Depot IPO listing date on NSE, BSE | 20.08.2024 |
How much shares of Saraswati Saree Depot IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 160.01 Crore | |
| Fresh Issue size | – | ₹ 104 Crore |
| Offer for Sale (OFS) | – | ₹ 56.01 Crore |
| Employee Reservation | – | – |
IPO Red Herring Prospectus (RHP) of Saraswati Saree Depot:
Click here for IPO RHP of Saraswati Saree Depot on SEBI website.
Business of Saraswati Saree Depot: (Source – RHP)
We are a key player in sarees wholesale (B2B) segment (Source: CRISIL Report) and our origin into the sarees business dates back to the year 1966. We are also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On an average of more than 90% of our total revenues are generated from sale of sarees. In Fiscal 2024, we have served over 13,000 unique customers and our product catalogue consists of more than 3,00,000 different SKUs. Saree is an ethnic wear garment which has its origin in India and is one of the most popular readymade garment in India which is wore on casual occasions as well as on festive occasions. A saree typically ranges from six to nine yards in length and can be worn in several ways. In India there are different kind of sarees which are prevalent with Indian women. The most prevalent sarees include silk sarees, cotton sarees, synthetic fibre sarees etc. apart from these prevalent fabric sarees, there are blends and mixture of fabrics in which sarees are available across the saree industry in India. The demand for saree market in India in recent years have come from growth in the wedding and celebration wear market. However, the industry is seeing the change in the consumer buying pattern as customers are seeking quality and premium products. The change in the buying pattern has resulted in players selling higher priced sarees than the value range sarees. This is expected to drive the growth for the market in the coming years. Saree industry in India is expected to grow at a 5-6% CAGR over fiscal 2024 to fiscal 2029 reaching Rs 650-675 billion by fiscal 2029. (Source: CRISIL Report).
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Disclaimer: Kindly verify from RHP and concerned company for any clarification.