Saraswati Saree Depot Ltd
Price Range
₹152 - ₹160
Min. Quantity
90
Closes on
14 August 2024
Min. investment
₹14,400/1,170 Shares
Saraswati Saree Depot Ltd IPO Timeline
Saraswati Saree Depot Ltd was incorporated as 'Saraswati Saree Depot Private Limited' dated March 18, 2021 issued by Central Registration Centre, Registrar of Companies. Subsequently, Company converted into a Public Limited and the name of Company was changed to 'Saraswati Saree Depot Limited' pursuant to a fresh Certificate of Incorporation dated March 31, 2023 issued by the RoC.
| Event | Date |
|---|---|
| Saraswati Saree Depot Ltd IPO Opening Date | 12 August 2024 |
| Saraswati Saree Depot Ltd IPO Closing Date | 14 August 2024 |
| Basis of Allotment | 16 August 2024 |
| Initiation of Refunds | 19 August 2024 |
| Credit of Shares to Demat | 19 August 2024 |
| Saraswati Saree Depot Ltd IPO Listing Date | 20 August 2024 |
Saraswati Saree Depot Ltd IPO Details
| Saraswati Saree Depot Ltd IPO Date | 12 August 2024 to 14 August 2024 |
| Saraswati Saree Depot Ltd IPO Face Value | ₹10 per share |
| Saraswati Saree Depot Ltd IPO Price | ₹152 to ₹160 per share |
| Saraswati Saree Depot Ltd IPO Lot Size | 90 |
| Issue Size | Shares of ₹10 (aggregating up to ₹160.01 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹104 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹56.01 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50,00,400 of the Net Offer |
| Retail Shares Offered | Not less than 35,00,280 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15,00,120 of the Net Offer |
| Company Promoters | Mahesh Dulhani, Rajesh Dulhani, Shankar Dulhani |
Saraswati Saree Depot Ltd IPO Lot Size
The Saraswati Saree Depot Ltd IPO lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1,170 shares or ₹1,87,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 90 | ₹14,400 |
| Maximum | 13 | 1,170 | ₹1,87,200 |
- Strengths
- Risks
- Opportunities
- Diversified supplier and customer base.
- Diverse product portfolio.
- Bulk buying capabilities.
- Experienced Promoters and strong management team.
- Existing client and supplier relationships.
- Collaborative and experienced work force.
Company Financials
Saraswati Saree Depot Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 188.85 | 603.52 | 22.97 |
| 03-2022 | 169.93 | 550.31 | 12.31 |
| 03-2021 | 0.1 | - | - |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- General corporate purposes
Saraswati Saree Depot Ltd IPO Promoter Holding
| Pre Issue Share Holding | 12.5% |
| Post Issue Share Holding | 10.45% |
Saraswati Saree Depot Ltd IPO Subscription Status (Bidding Detail)
The Saraswati Saree Depot Ltd IPO is subscribed 107.52 times on 14 August 2024 05:00:00 PM. The public issue subscribed 61.88 times in the retail category, 64.12 times in the QIB category, and 358.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 64.12 | 358.65 | 61.88 | - | 107.52 |
Saraswati Saree Depot Ltd IPO Prospectus
Saraswati Saree Depot Ltd IPO Listing Date
| Listing Date | 20 August 2024 |
| BSE Script | 544230 |
| NSE Symbol | SSDL |
| Listing In | BSE, NSE |
| ISIN | INE0PQ101010 |
| IPO Price | ₹160 |
| Face Value | ₹10 |
Company Contact Information
Sr # 144/1 ManademalaGandhinagar Road Uchagaon,Kolhapur-416005
Phone: +91 92710 09858
Email: cs@saraswatisareedepotlimited.com
Website: www.saraswatisareedepot.com
Saraswati Saree Depot Ltd IPO Registrar
Saraswati Saree Depot Ltd IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of Saraswati Saree Depot Ltd IPO?
I have pre-applied for Saraswati Saree Depot Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.