Saraswati Saree Depot Limited IPO GMP

Saraswati Saree Depot Limited is a wholesaler of sarees, kurtis, lehengas, and other womens’ ethnic wear garments, with a management spanning three generations, a workforce with decades of experience, networks across the country and a loyal customer base. 

Saraswati Saree , a Book Built Issue amounting to ₹160.01 crores, consisting a Fresh Issue of 6.49 Lakh Shares worth ₹104.00 Crores and an Offer for Sale of 3.50 Lakh Shares totalling to ₹56.01 Crores. The subscription period for the Saraswari Saree IPO opens on August 12, 2024, and closes on August 14, 2024. The allotment is expected to be finalized on or about Friday, August 16, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, August 19, 2024.

The Share price band of Saraswati Saree IPO is set at ₹152 to ₹160 equity per share, with a minimum lot size of 90 shares. Retail investors are required to invest a minimum of ₹14,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,260 shares), amounting to ₹201,600.

Unistone Capital Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue. 

Saraswati Saree Depot Limited IPO GMP Today
The Grey Market Premium of Saraswati Saree Limited IPO is expected in the range of ₹75 to ₹80 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Saraswati Saree Depot Limited IPO Live Subscription Status Today
As of 09:44 PM on 14 August 2024, the Saraswati Saree Depot Limited IPO live subscription status shows that the IPO subscribed 107.52 times on on the first day of subscription period. Check the Saraswati Saree Depot Limited IPO Live Subscription Status Today at BSE.

Saraswati Saree Depot Limited IPO Allotment Status
Saraswati Saree IPO allotment date is 16 August, 2024, Friday. Saraswati Saree IPO Allotment will be out on 16th August 2024 and will be live on Registrar Website from the allotment date. Check Saraswati Saree Depot Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Saraswati Saree Depot Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Saraswati Saree Depot Limited IPO
Saraswati Saree Issue Proceeds from the Fresh Issue will be utilized towards the following onjects : 
1. ₹810.00 Millions is required for Funding working capital of their Company; and
2. General corporate purposes

Refer to Saraswati Saree Depot Limited RHP for more details about the Company.