Now Reading: Saraswati Saree Depot IPO subscribed whopping 107.39 instances on final day | IPO Information
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Saraswati Saree Depot IPO subscribed whopping 107.39 instances on final day | IPO Information
&w=826&resize=826,465&ssl=1 "Saraswati Saree Depot IPO subscribed whopping 107.39 instances on final day | IPO Information")
Saraswati Saree Depot IPO subscribed whopping 107.39 instances on final day | IPO Information
 "IPO")
The fairness shares of the agency can be listed on the BSE and the NSE.
The preliminary public supply of Saraswati Saree Depot, a key participant within the saree wholesale phase, received subscribed a whopping 107.39 instances on the final day of subscription on Wednesday.
The Rs 160-crore preliminary share sale obtained bids for 1,07,39,63,880 shares towards 1,00,00,800 shares on supply, as per NSE information.
The portion for non-institutional traders attracted 358.47 instances subscriptions, whereas the quota for Certified Institutional Consumers (QIBs) subscribed 64.12 instances. The class for Retail Particular person Traders (RIIs) garnered 61.59 instances subscriptions.
The preliminary public providing (IPO) has a recent problem of as much as 64,99,800 fairness shares and a proposal on the market of as much as 35,01,000 fairness shares.
The worth vary for the supply is Rs 152-160 per share.
The corporate proposes to utilise the web proceeds from the recent problem in the direction of funding working capital necessities and common company functions.
The Kolhapur-based firm, whose origin within the sarees enterprise dates again to the 12 months 1966, can be engaged within the wholesale enterprise of ladies’s attire, similar to kurtis, gown supplies, shirt items, lehengas, and bottoms.
The corporate sources sarees from totally different producers throughout India and has developed relationships in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru.
Saraswati Saree Depot operates from two shops at Kolhapur and Ulhasnagar in Maharashtra.
Unistone Capital is the supervisor of the supply.
The fairness shares of the agency can be listed on the BSE and the NSE.
(Solely the headline and movie of this report might have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Aug 14 2024 | 7:33 PM IST
