The Initial Public Offering (IPO) of Saraswati Saree Depot is receiving a strong response from investors. The IPO has been subscribed 2.37 times, indicating high interest in the company’s shares.
Key Details:
- Subscription Figures: The IPO received bids for 2,76,34,320 shares, while only 1,00,00,800 shares were available.
- Retail Investors: The portion reserved for retail investors was subscribed 3.71 times.
- Non-Institutional Investors: This portion was subscribed 5.85 times.
- Qualified Institutional Buyers (QIB): This portion was subscribed 1.18 times.
- Share Price Range: The price for each share is between ₹152 and ₹160.
- IPO End Date: The IPO will close on August 14, 2024.
The Grey Market Premium (GMP) is an important indicator of the IPO’s market sentiment. A high GMP suggests that the shares are being traded at a premium in the unofficial market, reflecting strong investor confidence and interest in the company’s upcoming official listing.
Before investing, it’s important to research the company and consult with a financial advisor. This will help you make a well-informed decision.
The strong subscription levels for Saraswati Saree Depot’s IPO reflect positive interest from investors despite current market conditions.
