Saraswati Saree Depot IPO Subscription Reached 107.38x on Day 3

Saraswati Saree Depot Limited’s IPO closed on August 14, 2024, after a total subscription of 63.65x. The allotment for the Saraswati Saree Depot IPO is expected to be finalised on August 16, 2024. The IPO will be listed on BSE and NSE, with a tentative listing date fixed as of August 20, 2024.

Saraswati Saree Depot IPO price band has been set at ₹152 to ₹160 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,400. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (6,300 shares), amounting to ₹10,08,000.

Day Wise Subscription

On the 1st day, Saraswati Saree Depot IPO subscribed 4.42 times. The public issue subscribed 5.51 times in the retail category, 1.19 times in QIB, and 12.65 times in the NII category.

On the 2nd day of the bidding process, Saraswati Saree Depot IPO subscribed 16.42 times. The public issue subscribed 20.48 times in the retail category, 1.32 times in QIB, and 57.26 times in the NII category.

On the last day, Saraswati Saree Depot IPO subscribed 107.38 times. The public issue subscribed 61.56 times in the retail category, 64.12 times in QIB, and 358.45 times in the NII category.

Grey Market Premium

Saraswati Saree Depot IPO’s last GMP is ₹100. With a price band of ₹160.00, its estimated listing price is ₹260 (cap price + today’s GMP). The expected percentage gain/loss per share is 62.50%.

About Saraswati Saree Depot Limited

Incorporated in 1996, Saraswati Saree Depot Limited manufactures and wholesales women’s apparel. The company’s primary business is the wholesale (B2B) segment of sarees. It also wholesales other women’s apparel, such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.