Saraswati Saree Depot IPO Allotment Status Out: GMP Soars as Listing Date Approaches – What Investors Need to Know

The allotment status for the Saraswati Saree Depot Limited IPO has been announced, and now investors are eagerly awaiting the listing date. The IPO is expected to be listed on the stock market on 20th August 2024.

How to Check Allotment Status Online

After the allotment announcement, investors can check their IPO application status online. You can do this by visiting the BSE website (bseindia.com) or the official registrar’s site, Bigshare Services Private Limited (bigshareonline.com). For a more direct approach, you can use these links:

• BSE: bseindia.com/investors/appli_check.aspx
• Bigshare: https://ipo.bigshareonline.com/ipo_status.html

Saraswati Saree Depot IPO Grey Market Premium (GMP)

According to market experts, Saraswati Saree Depot shares are trading at a premium of ₹55 in the grey market. This is an increase of ₹14 from Friday’s GMP of ₹41. Analysts attribute this rise to positive market conditions and strong demand from investors. Based on the current GMP, investors may see a 25% gain on their investment when the shares are listed.

Saraswati Saree Depot IPO Listing Date

The IPO was open for subscription from 12th to 14th August 2024. Normally, with the ‘T+3’ rule, shares should be listed within three working days. However, since 15th August is a national holiday, the expected listing date has been pushed to 20th August 2024.