Saraswati Saree Depot IPO Share Allotment: Status Check, GMP, Listing Date & Other Details

The allocation of shares Saraswati Saree Depot IPO The allotment is likely to be finalised tomorrow. Investors will be allotted shares through a draw and the entire process will be monitored by the registrar. On the date of allotment, investors will get to know the number of shares allotted to them as compared to the bids made. They can check the status of allotment through the BSE or by visiting the registrar’s website. Here is how you can check the status on the BSE or even on the registrar’s website.

First, here’s how you can find out your BSE status

Step 1: Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Select the name of the issue, i.e. the company name, from the drop-down menu.Step 3: Enter the application number or PAN number to check the allotment status. To check the status of Saraswati Sarees Depot For IPO allotment through registrar which in this case is Link Intime India, follow the steps below.Step 1: Visit Link Intime India website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select Saraswati Saree Depot IPO

Step 3: Enter the PAN details and click on search to know the status

Saraswati GMP Saree Warehouse

The company’s shares are expected to be listed on the stock exchanges on August 20. In the unlisted market, the company’s shares are trading at a GMP of Rs 100, which translates to a 62% premium over the issue price.

Saraswati Saree Depot Subscription

Saraswati Saree Depot IPO received an overwhelming response from investors with overall subscription of over 107 times at closing, driven by strong interest from institutional and non-institutional investors.

Saraswati Saree Depot Limited is a key player in the B2B segment of sarees and traces its roots in the saree business back to the year 1966. It is also engaged in the wholesale business of other women’s apparel like kurtis, dress materials, blouses, lehengas, trousers, etc.

On average, more than 90% of their total income is generated from the sale of saris.

The company sources sarees from various manufacturers across India and has developed relationships in hubs such as Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata and Bengaluru. Saraswati Saree Depot Limited, which operates from two stores located in Maharashtra (Kolhapur and Ulhasnagar), has over 300,000 different SKUs in its product portfolio.

In fiscal 2024, the company reported revenue of Rs 610 crore with a net profit of Rs 29.52 crore.

Unistone Capital Private Limited is the lead book-running manager for the issue, while Bigshare Services Private Limited is the registrar for the offer.

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