This Company was formed in 1996 and specialized in women apparels. Company is engaged in the business of wholesale of Sarees, Kurties, Blouses etc. However more than 91% sales are coming from Saree wholesale.
This company is working in the style of B2B model and having 3 lakh and more SKU’s. It seems this company is having good potential to generate returns in Medium term.
You can read more about Saraswati Saree IPO here
Peers Group
Go Fashion(India) Limited
Sai Silks Limited
Saraswati Saree Depot IPO all details:
| IPO Open Date | 12th August 2024 |
| IPO Close Date | 14th August 2024 |
| IPO Allotment Date | 16th August 2024 |
| Refund Initiation Date | 19th August 2024 |
| Listing Date | 20th August 2024 |
| Lot Size | 90 Shares |
| Price Band | Rs.152 – Rs.160 |
| Face Value of Share | Rs.10 |
| Listing on | NSE and BSE |
| Total Issue Size | Rs.160.01 crore(Fresh Issue Rs.104 Crore and Offer for Sales Rs.56.01 Crore) |
Saraswati Saree IPO GMP, Grey Market Premium are:
| Date | Grey Market Premium(GMP) | % of Earnings |
| On 17th Aug 2024 | Rs.42 | 26% |
| On 16th Aug 2024 | Rs.42 | 26% |
| On 15th Aug 2024 | Rs.52 | 34% |
| On 14th Aug 2024 | Rs.65 | 40% |
| On 13th Aug 2024 | Rs.65 | 40% |
| On 12th Aug 2024 | Rs.52 | 32% |
| On 11th Aug 2024 | Rs.25 | 15% |
| On 10th Aug 2024 | Rs.25 | 15% |
| On 09th Aug 2024 | Rs.10 | 6.25% |
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Disclaimer: We are not registered with SEBI and not giving any tips or recommendation. This is only for knowledge purpose. Please advise with you financial advisor before taking any IPO or stocks.
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