Saraswati Saree Depot IPO Receives 4.45x Subscription on Day 1
The initial public offering (IPO) of Saraswati Saree Depot was opened for public subscription on Monday. The price band of the IPO has been fixed at Rs 152-160 per share. On the first day of bidding on Monday, the 160.01-crore IPO received a 4.45 times subscription abd day 1.
According to the latest data, the retail quota received a 5.57 times subscription, while the non-institutional investors category also got a 12.67 times subscription. The QIB (qualified institutional buyers) category has been subscribed 1.19 times.
Saraswati Saree Depot IPO GMP
The Grey Market Premium (GMP) for the Saraswati Saree Depot IPO is currently around ₹ 35.
This means that shares are being traded in the grey market at a premium of ₹ 35 over the upper price band of ₹160.
- GMP is an unofficial indicator of market sentiment and doesn’t guarantee the actual listing price.
IPO Important Dates
IPO Open Date: Monday, August 12, 2024
IPO Close Date: Wednesday, August 14, 2024
Basis of Allotment: Friday, August 16, 2024
Initiation of Refunds: Monday, August 19, 2024
Credit of Shares to Demat: Monday, August 19, 2024
Listing Date: Tuesday, August 20, 2024