Saraswati Saree Depot IPO will stop taking bids for the issue on August 14. The company wants to raise a total of Rs 160.01 crore through a combination of fresh shares and an offer for sale. The company opened its issue to investors on August 12 onwards.
Price Band
Saraswati Saree Depot kept the IPO price band in a range of Rs 152 to Rs 160 per equity share.
Allotment and Listing
Sarawati Saree Depot shares allotment is expected to be finalised by August 16. The listing of shares on NSE and BSE is likely to be on August 20, as per the tentative schedule.
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Minimum Investment
A retail buyer needs to apply for at least 90 shares of one lot, which amounts to Rs 14,400. Meanwhile, there are different lot sizes for small NIIs and big NIIs. A small NII needs a minimum investment of Rs 2,01,600 and a big NII of Rs 10,08,000.
About Saraswati Saree Depot
Saraswati Saree Depot Ltd. (SSDL), is a key player in the sarees wholesale (B2B) segment and also in women’s apparel wear. The market for women’s ethnic wear, is currently valued at approximately Rs. 1.3 trillion for FY24, is growing due to increased demand for sarees and other ethnic products like salwar suits and kurtis.
BRLM and Registrar
Unistone Capital is the book-running lead manager of the Saraswati Saree Depot IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.