Saraswati Saree Depot Limited IPO
Saraswati Saree Depot Limited was a mainboard IPO in the Garments & Apparels sector, offered at ₹152–₹160 per share to raise ₹160 crore. The issue was subscribed 107.52× overall (QIBs 64.12×, NIIs 358.65×, retail 61.88×). It listed on 20 Aug 2024 at ₹194 and closed its first day at ₹204, a listing gain of +27.3% versus the ₹160 issue price. It now trades around ₹63 (-60.8% versus the issue price).
Frequently asked questions
- How many times was the Saraswati Saree Depot Limited IPO subscribed?
- The Saraswati Saree Depot Limited IPO was subscribed 107.52× overall — 64.12× in the QIB category, 358.65× among non-institutional investors, 61.88× in retail.
- What were the Saraswati Saree Depot Limited IPO listing gains?
- Saraswati Saree Depot Limited listed on 20 Aug 2024 at ₹194, closing its first day at ₹204 — a listing gain of +27.3% versus the ₹160 issue price.
- What were the retail allotment odds for the Saraswati Saree Depot Limited IPO?
- Retail was subscribed 61.88×, so a single-lot application had roughly a 1.6% chance of allotment (about 1 in 62), and allotment was finalised on 16 Aug 2024.
- What was the price band and lot size of the Saraswati Saree Depot Limited IPO?
- The price band was ₹152–₹160 per share, with a minimum lot of 90 shares (₹14,400 at the upper band).
- Who were the registrar and lead manager for the Saraswati Saree Depot Limited IPO?
- Bigshare Services Private Limited was the registrar, and Unistone Capital was the book-running lead manager.