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Saraswati Saree Depot IPO Allotment Today: How to Check Status & Latest GMP Updates

Today (Friday, August 16), the share allotment for Saraswati Saree Depot’s IPO will be finalised. Investors who applied for shares can check their allotment status on the website of the registrar, Bigshare Services Pvt Ltd. As per BSE data, the IPO received strong demand, with a subscription rate of 107.52 times by the close of the bidding period.

Saraswati Saree Depot, based in Kolhapur, is a wholesale women’s apparel business. The company’s IPO opened for subscription on Monday, August 12, and closed on Wednesday, August 14.

How to Check Saraswati Saree IPO Allotment Status on Bigshare’s Website

To see if you’ve been allotted shares, follow these steps:

  1. Visit the Allotment Page: Go to Bigshare Services.
  2. Select the IPO: Choose “Saraswati Saree Depot IPO” from the company list.
  3. Enter Your Details: You can input your PAN number, beneficiary ID, or application number.
  4. Check Your Status: Click on the “Search” button to view your allotment status.

How to Check Allotment Status on BSE’s Website

You can also check the status on the BSE website:

  1. Go to BSE’s Allotment Page: Visit BSE Allotment Page.
  2. Select ‘Equity’: Under ‘Issue Type’, pick ‘Equity’.
  3. Choose IPO Name: Select “Saraswati Saree Depot IPO” from the drop-down menu.
  4. Enter Details: Input your application number or PAN to check.

How to Check Allotment Status on NSE’s Website

For NSE, the process is similar:

  1. Go to NSE’s IPO Page: Visit NSE IPO Page.
  2. Sign Up: If you haven’t, click “Click here to sign up” and register using your PAN.
  3. Log In: Enter your username, password, and captcha code.
  4. Check Status: Once logged in, you’ll be able to view your allotment.

Subscription Status of Saraswati Saree Depot IPO

By the third day of bidding, the IPO received bids for 1,07,52,43,050 shares, against an offering of just 1 crore shares. Non-institutional investors (NIIs) led with a subscription rate of 358.65 times, while retail investors subscribed 61.88 times. Qualified Institutional Buyers (QIBs) had a subscription rate of 64.12 times.

On the second day, the IPO saw 16.34 times the subscriptions, with the retail segment subscribing 20.30 times, and NIIs subscribing 57.18 times. QIBs had a lower subscription of 1.32 times.

Even on the first day, despite a quiet market, the IPO saw healthy demand, with 4.37 times the subscriptions.

Saraswati Saree Depot IPO GMP

As of today, the grey market premium (GMP) for Saraswati Saree IPO is ₹42. This means that shares are trading at a premium of ₹42 in the unofficial (grey) market. Based on the current premium and the IPO price range, the shares are expected to list at around ₹202, reflecting a potential 26.25% gain from the issue price of ₹160.

However, the GMP has shown a downward trend in recent days, ranging between ₹20 and ₹80.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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