Saraswati Saree Depot IPO opens for subscription: Key dates, price band and more

Saraswati Saree Depot IPO: Net proceeds from the IPO will be used to fund the company's working capital needs and general corporate purposes.

Updated on: Aug 12, 2024, 09:52:17 IST

By HT News Desk

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Saraswati Saree Depot's initial public offering (IPO) opens for subscription today (August 12). The issue of the women's apparel manufacturer will remain open for subscription till August 14. The company has been involved in the wholesale distribution of other women's apparel, including kurtis, dress materials, blouse pieces, lehengas, bottoms, among others.

Saraswati Saree Depot IPO: The minimum lot size for retail investors is 90 shares, with a minimum investment of ₹14,400.

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Promoters and book-running managers: The company's promoters include Shankar Dulhani, Mahesh Dulhani, Rajesh Dulhani, and Vinod Dulhani. The book-running manager of Saraswati Saree Depot IPO is Unistone Capital Pvt Ltd.

Registrar: The registrar of Saraswati Saree Depot IPO is Bigshare Services Pvt Ltd.

Allotment date: The allotment for Saraswati Saree Depot IPO is anticipated to be finalized on August 16.

Listing date: The issue is likely to be listed on Indian bourses on August 20.

GMP: The shares of Saraswati Saree Depot are trading at a premium of ₹45 in the grey market premium (GMP), as per investorgain.com.

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HT News Desk
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Saraswati Saree Depot IPO opens for subscription: Key dates, price band and more

Saraswati Saree Depot IPO: Net proceeds from the IPO will be used to fund the company's working capital needs and general corporate purposes.

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