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Saraswati Saree Depot Shares Surge with 21% Premium Debut on NSE

Saraswati Saree Depot shares opened strongly, debuting with a 21.25% premium on NSE at ₹194 and ₹200 on BSE, well above the ₹160 issue price, showing strong investor confidence.
Saraswati Saree Depot Shares Surge with 21% Premium Debut on NSE

Saraswati Saree Depot shares made a strong debut, opening at a 21.25% premium on NSE at ₹194 per share, and at ₹200 on BSE, both significantly above the issue price of ₹160. The stock’s strong opening reflects high investor interest and market confidence.

Saraswati Saree Depot IPO was heavily oversubscribed at 107.52 times. The non-institutional investors segment led with 358.65 subscriptions, followed by retail investors at 61.88 times. Qualified Institutional Buyers (QIBs) received a subscription 64.12 times their allotted quota.

Saraswati Saree Depot Limited, founded in 1966, is a prominent saree wholesaler, also offering kurtis, dress materials, and lehengas. In FY 2024, over 90% of its revenue came from sarees, serving 13,000+ customers. With roots in the Dulhani family, the company achieved ₹6,000 million in sales, sourcing from 900+ weavers across India and maintaining a catalogue of 300,000+ SKUs.

Saraswati Saree Depot Ltd aims to raise INR 81 crores to fund working capital, supporting business growth and profitability. Additionally, net proceeds will cover general corporate expenses like salaries, rent, administration, and business development initiatives.

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