The share allotment for the Saraswati Saree Depot IPO will likely be finalized tomorrow. Shares will be given to investors through a lottery system, managed by the registrar. On the day of allotment, investors will find out how many shares they’ve received compared to how many they applied for. You can check your allotment status on the BSE website or the registrar’s website.
Here’s how to check on the BSE:
- Visit the BSE website at BSE IPO Allotment Status.
- Select the company’s name from the drop-down menu.
- Enter your application number or PAN number to see your allotment status.
To check via the registrar, Link Intime India:
- Go to the Link Intime India website at Link Intime IPO Status.
- Choose Saraswati Saree Depot IPO from the list.
- Enter your PAN details and click “search” to find out your status.
Saraswati Saree Depot GMP
The shares of Saraswati Saree Depot are expected to be listed on the stock exchanges on August 20. In the grey market, the shares are trading at a premium of ₹100, which is 62% higher than the issue price.
Saraswati Saree Depot Subscription
The IPO of Saraswati Saree Depot was very popular, with an overall subscription rate of over 107 times. This was due to high interest from both non-institutional and institutional investors.
About Saraswati Saree Depot
Saraswati Saree Depot Limited is a major player in the wholesale saree market (B2B) and has been in the saree business since 1966. The company also wholesales other women’s apparel like kurtis, dress materials, blouse pieces, lehengas, and bottoms.
More than 90% of its revenue comes from selling sarees. The company sources sarees from various manufacturers across India, with key locations in Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. Saraswati Saree Depot operates two stores in Maharashtra, located in Kolhapur and Ulhasnagar, and offers over 300,000 different products.
In fiscal year 2024, the company reported a revenue of ₹610 crore and a net profit of ₹29.52 crore.
Unistone Capital Private Limited is the book-running lead manager for the IPO, and Bigshare Services Private Limited is the registrar for the offer.
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