Saraswati Saree Depot IPO Date, Review, Price, Allotment Details

Saraswati Saree Depot IPO GMP Today, Saraswati Saree Depot IPO Grey Market Premium Updates | Saraswati Saree Depot IPO, Latest target, Opening gain

Saraswati Saree Depot IPO began on 12 August 2024. It will close on 14 August 2024. The Total IPO Size is ₹160.01 Crore Approx. The company set its IPO price is ₹152 to ₹160 per share Per Share. There are three basic categories in Saraswati Saree Depot IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.

Incorporated in 1996, Saraswati Saree Depot Limited is engaged in manufacturing and wholesale women’s apparel.

The company’s primary business is the sarees wholesale (B2B) segment, apart from that it is also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.

Saraswati Saree Depot IPO Details:

Issuer Saraswati Saree Depot IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 12 August 2024
Issue Closes: 14 August 2024
Price Brand 152 to ₹160 per share
Issue Size ₹160.01 Cr
Face Value ₹10 per share
Market Lot 90 Shares
Retail (Max) 1,87,200
QIB 50%
HNI 15%
Retail Individual Bidders 35%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 10,000,800 shares

Saraswati Saree Depot IPO GMP Rates day by day

Saraswati Saree Depot IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 90 ₹14,400
Retail (Max) 13 1,170 ₹1,87,200
S-HNI (Min) 14 1,260 ₹2,01,600
S-HNI (Max) 69 6,210 ₹9,93,600
B-HNI (Min) 70 6,300 ₹1,008,000

Saraswati Saree Depot IPO Date, Allotment & Listing:

Saraswati Saree Depot IPO Opening Date: AUGUST 12, 2024
Saraswati Saree Depot IPO Closing Date: AUGUST 14, 2024
Basis of Allotment: AUGUST 16, 2024
Initiation of Refunds: AUGUST 19, 2024
Credit to Demat Account: AUGUST 19, 2024
Listing Date: AUGUST 20, 2024

Saraswati Saree Depot Limited Financial Information (Restated)

Saraswati Saree Depot Limited’s revenue increased by 9.67% and profit after tax (PAT) rose by 86.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Mar 2023 31 Mar 2022
Assets 188.85 169.93
Revenue 603.52 550.31
Profit After Tax 22.97 12.31
Net Worth 35.38 12.41
Reserves and Surplus    
Total Borrowing 41.43 66.62
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Saraswati Saree Depot IPO is Rs 633.6 Cr.

KPI as of March 31, 2023.

KPI Values
ROE 96.15%
ROCE 98.03%
Debt/Equity 1.17
RoNW 64.93%
P/BV 14.97
 
  Pre IPO Post IPO
EPS (Rs)  6.94 5.8
P/E (x)  23.05 27.58
 

Objects of the Issue (Saraswati Saree Depot IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding working capital requirements of the company.
  2. General corporate purposes.

SARASWATI SAREE DEPOT IPO ALLOTMENT STATUS

How to Apply for Saraswati Saree Depot IPO?

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How to Apply Saraswati Saree Depot IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Saraswati Saree Depot”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Saraswati Saree Depot IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Saraswati Saree Depot”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Saraswati Saree Depot IPO?

Saraswati Saree Depot IPO is a main-board initial public offering of 10,000,800 Equity shares of the face value of ₹10 aggregating up to ₹160.01 Crores. The issue price of the IPO is ₹152 to ₹160 Per Equity Share. The minimum order quantity is 90 Shares per application and the offer type is Book Built Issue. The IPO opens on August 12, 2024 and closes on August 14, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Saraswati Saree Depot IPO will open?

The Saraswati Saree Depot IPO opens on August 12, 2024 and closes on August 14, 2024.

How to apply for Saraswati Saree Depot IPO?

You can apply in Saraswati Saree Depot IPO online using either UPI or ASBA as payment method. Unistone Capital Pvt Ltd is the book running lead manager of the Saraswati Saree Depot IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

When Saraswati Saree Depot IPO allotment?

The finalization of Basis of Allotment for Saraswati Saree Depot IPO will be done on August 16, 2024, and the allotted shares will be credited to your demat account by August 19, 2024. Check the Saraswati Saree Depot IPO allotment status.

When is Saraswati Saree Depot IPO listing date?

The Saraswati Saree Depot IPO listing date is not yet announced. The tentative date of Saraswati Saree Depot IPO listing is August 20, 2024.

What is the lot size of Saraswati Saree Depot IPO?

Saraswati Saree Depot IPO lot size is 90 Shares and the minimum order quantity is 1 Shares.