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Saraswati Saree Depot IPO saw Strong Investor Interest with 4.37x Subscription Rate

Saraswati Saree Depot's Day 1 IPO showed varied investor interest: QIBs at 1.19x, NIIs at 12.62x, RIIs at 5.39x, totaling a subscription rate of 4.37x.
Saraswati Saree Depot IPO saw Strong Investor Interest with 4.37x Subscription Rate

Saraswati Saree Depot Day 1 subscription status shows varied interest across investor types. QIB subscribed at 1.19 times, NII at 12.62 times, and RII at 5.39 times, leading to a total subscription of 4.37 times the offered amount.

How to check Saraswati Saree Depot Limited IPO Subscription Status?

Steps to check Saraswati Saree Depot Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Saraswati Saree Depot Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Saraswati Saree Depot Limited IPO Allotment Status

The allotment date for the Saraswati Saree Depot Limited IPO is set for August 16, 2024, with shares priced at a range of ₹152 to ₹160 per share and a face value of ₹10. The offering consists of lots of 90 shares, with bids accepted for these lots or their multiples.

Saraswati Saree Depot Limited IPO Listing Date 

Saraswati Saree Depot Limited IPO is expected to be listed on the NSE SME on August 20, 2024.

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