Today, August 14, 2024, is the last day to invest in the Initial Public Offering (IPO) of Saraswati Saree Depot. If you’re interested in buying shares of this company, now is the time to act.
Saraswati Saree Depot is a well-known business that sells sarees and other women’s clothing. The company has been around since 1966, making it a long-standing player in the textile industry. Most of their revenue comes from selling sarees in bulk to other retailers.
Investment Considerations:
- Company Performance: Check the company’s past financial performance.
- IPO Price: Shares are priced between Rs 152 and Rs 160 each. Assess if this price is fair.
- Market Interest: Strong interest may lead to higher share prices post-IPO.
- Grey Market Premium (GMP): Shares are trading at a premium of Rs 50, indicating high demand.
IPO Details:
- Price Range: Rs 152 to Rs 160 per share.
- Total Amount: Aims to raise around Rs 160 crore.
- Listing: Expected on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 20, 2024.
Current Subscription Status:
- Retail Investors: Subscribed 20.62 times.
- Non-Institutional Investors (NII): Subscribed 57.34 times.
- Qualified Institutional Buyers (QIB): Subscribed 1.32 times.
On the last day of subscription, Saraswati Saree Depot shares are trading at a premium of Rs 50, which is 31.25% higher than the upper end of the issue price (Rs 160). If this trend continues, investors might see significant gains when the shares start trading on the stock exchanges.
Next Steps
Allotment: The company will decide who gets the shares on August 16, 2024.
Listing: Shares will begin trading on August 20, 2024.
Investing in shares can be risky. The value of stocks can increase or decrease. It’s crucial to do your own research or consult a financial advisor before deciding to invest.
