Saraswati Saree Depot Limited IPO Opened: Subscription Reached 4.42x

Saraswati Saree Depot Limited, a manufacturer and wholesale women’s apparel company, has opened its IPO to raise ~₹160 crore. Saraswati Saree Depot IPO is a book-built issue of ₹160.01 crores. The issue is a combination of a fresh issue of 0.65 crore shares aggregating to ₹104.00 crores and an offer for sale of 0.35 crore shares aggregating to ₹56.02 crores.

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 first 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.

Grey Market Premium

Saraswati Saree Depot IPO’s last GMP is ₹65. With a price band of ₹160.00, Saraswati Saree Depot IPO’s estimated listing price is ₹225 (cap price + today’s GMP). The expected percentage gain/loss per share is 37.50%.

About Saraswati Saree Depot Limited

Incorporated in 1996, Saraswati Saree Depot 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.

Saraswati Saree regularly sources sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, our product catalogue lists more than 300,000 different SKUs. The company mainly sells products in the so