Saraswati Saree Depot IPO Subscription Reached 16.42x on Day 2

The subscription for the Saraswati Saree Depot IPO reached 11.80x on the second day of bidding. The IPO combines a fresh issue of 0.65 crore shares aggregating ₹104.00 crores with an offer for sale of 0.35 crore shares aggregating ₹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. Saraswati Saree Depot IPO offers 1,00,00,800 shares. 50,00,400 (50.00%) to QIB, 15,00,120 (15.00%) to NII, 35,00,280 (35.00%) to RII. 38,892 RIIs will receive a minimum of 90 shares, and 396 (sNII) and 793 (bNII) will receive a minimum of 1,260 shares.

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.

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.

Grey Market Premium

Saraswati Saree Depot IPO’s last GMP is ₹80. With a price band of ₹160.00, its estimated listing price is ₹240 (cap price + today’s GMP). The expected percentage gain/loss per share is 50.00%.

About Saraswati Saree Depot Limited

Saraswati Saree Depot Ltd. (SSDL) is a key player in the sarees wholesale (B2B) segment, and its origin in the sarees business dates back to the year 1966. It is also engaged in the wholesale business of other women’s apparel, such as Kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average, more than 90% of its total revenues are generated from selling sarees. In Fiscal 2024, it has served over 13,000 unique customers, and its product catalogue consists of more than 3,00,000 different SKUs