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Saraswati Saree Depot IPO GMP Today, Price Range, and Company Details

Saraswati Saree Depot IPO offers shares at ₹152 to ₹160, with a ₹35 Grey Market Premium. Available in 90 share lots, the subscription runs from August 12 to August 14, 2024.
Saraswati Saree Depot IPO GMP Today, Price Range, and Company Details

As of August 9, 2024, Saraswati Saree Depot has ₹35 as Grey Market Premium, with a price range of ₹152 to ₹160 per share. Offering lots of 90 shares, the subscription window is open from August 12 to August 14, 2024.

Saraswati Saree Depot Limited IPO GMP Today

The Grey Market Premium (GMP) for Saraswati Saree Depot Limited is ₹35 as of August 9, 2024. This assessment coincides with a price of ₹152 to ₹160 per share for the IPO.

Saraswati Saree Depot Limited IPO Review

Saraswati Saree Depot Ltd has demonstrated strong financial growth, with revenue climbing steadily from ₹5,495.76 million in March 2022 to ₹6,109.04 million by March 2024. This rise, accompanied by increased profitability and a higher EPS, showcases the company’s expanding market presence and operational success.

Despite the growth, the RoNW has decreased, signalling challenges in generating shareholder returns at previous levels. However, the company has improved its liquidity, as evidenced by a higher current ratio, which points to better short-term financial health and preparedness for future investments and expansions.

To get a full IPO review, click here Saraswati Saree Depot IPO

Saraswati Saree Depot Limited IPO Date

Saraswati Saree Depot Limited will start accepting subscriptions from August 12, 2024, to August 14, 2024.

Saraswati Saree Depot Limited IPO Price

Saraswati Saree Depot Limited’s price range is ₹152 to ₹160 per share with a face value of ₹10 each.

Saraswati Saree Depot Limited

Saraswati Saree Depot Limited, established in 1966 and incorporated in 2021 as Saraswati Saree Depot Private Limited, has become a leading saree wholesaler with extensive offerings including kurtis and lehengas. The company reported over ₹6,000 million in sales in FY 2024, serving 13,000+ customers, and sources from over 900 weavers across India, maintaining a vast catalogue of 300,000+ SKUs.

How To Apply For Saraswati Saree Depot Ltd IPO?

To apply for the Saraswati Saree Depot IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Saraswati Saree Depot on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Saraswati Saree Depot IPO at Alice Blue in just a few clicks!

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