SARASWATI SAREE DEPOT LIMITED

12 Aug 2024 - 14 Aug 2024 Individual Category Main Board BSE NSE

Min Investment

₹27360

Price Band

₹152-₹160

Issue Size

100.01 lakhs
Equity Shares

Lot Size

90 (per lot)

IPO Dates
img

12 Aug 2024

Open Date

img

14 Aug 2024

Close Date

img

16 Aug 2024

Allotment Date

img

20 Aug 2024

Listing Date

Saraswati Saree Depot is open for subscription from Monday, August 12, 2024, and closing on Wednesday, August 14, 2024. The price band for this IPO is set to Rs 152 – Rs 160 per share. Saraswati Saree Depot is a 100% book-built public issue. The company is offering a fresh issue of 64.99 lahks of equity shares amounting up to Rs 140 crore and an offer for sale of 35.01 lahks of equity shares amounting up to Rs 56.02 crore; this aggregates to total size of 1.00+ crore of equity shares amounting up to Rs 160.08 crore. The allotment for this new IPO is expected to be finalised on Friday, August 16, 2024. This IPO will be listed on the NSE and BSE exchanges on Tuesday, August 20, 2024. The IPO is managed by Unistone Capital Private Limited which is book running the lead manager of this IPO. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

Know Before Investing

Strengths icon

Weaknesses icon

About Saraswati Saree Depot Limited

Saraswati Saree Depot Limited incorporated in 1996 is one of the frontline manufacturers and wholesalers of women's apparel in India. The business majorly deals with sarees, accounting for more than 90% of its revenues. Its other business segments include kurtis, dress materials, blouse pieces, lehengas, and bottoms. With an overall reach of over 300,000 SKUs and products sourced from more than 900 weavers and suppliers across India, Saraswati Saree Depot mainly covers the southern and western states of Maharashtra, Goa, Karnataka, and Tamil Nadu. In FY 2024, the company served more than 13,000 unique customers with 314 employees as of June 30, 2024

Founded

1996

Managing Director

Mr. Shankar Dulhani, Mr. Mahesh Dulhani, Mr. Rajesh Dulhani, and Mr. Vinod Dulhani

Parent Organization

IPO Objectives

The company plans to utilize the Net Proceeds from the Issue for several purposes. These include funding the company's working capital requirements and supporting general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account