Saraswati Saree IPO GMP today, subscription allotment, listing, gain: The stock markets have not been in the best of moods ever since they crashed recently, but the recovery mode is there. However, looking at the initial public offering space, one would never think there was ever any problem. The new issues that are coming in have received great investor attention and the same can be said about the Saraswati Saree IPO, whose GMP is at quite a noticeable high and is staying there. Clearly, investors believe that there is money to be made in this space. Saraswati Saree Depot is in the business of manufacturing and wholesale of women’s apparel.
Saraswati Saree IPO GMP today
Having said that, let us check what the Saraswati Saree IPO GMP today is. It was Rs 52 earlier. Saraswati Saree IPO GMP today, on Thursday August 14 is Rs 80, Investorgain reported. The unofficial grey market is giving this IPO a thumbs up so far. With the Saraswati Saree price band of Rs 160, the listing price is estimated at Rs 240! The listing gain, at this GMP, can be around 50 per cent.
Saraswati Saree IPO subscription
Saraswati Saree IPO subscription by day 2 was 16.34 times. Today is the last day for investors to subscribe.
Saraswati Saree IPO allotment
The Saraswati Saree Depot IPO allotment is expected on August 16. The lucky investors will see their shares credited to their accounts on August 19. The process to initiate refunds would likely begin on August 19.
Saraswati Saree IPO listing date
The tentative Saraswati Saree Depot IPO listing date is August 20, 2024. The company will make its stock market debut on both BSE, and NSE.
Saraswati Saree Depot IPO price band, size
Saraswati Saree Depot IPO price band is in the range of Rs 152 to Rs 160 per share. The IPO size is Rs 160 crore. It is made up of a fresh issue of 0.65 crore shares worth Rs 104 crore and an offer for sale of 0.35 crore shares valued at Rs 56.02 crore.
Saraswati Saree IPO book running lead manager
Unistone Capital is the IPO lead manager.
Saraswati Saree IPO registrar
Bigshare Services Pvt Ltd is the registrar for the issue. Investors will have to go to this company’s website to check their allotment status, when announced.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Saraswati Saree IPO GMP today, subscription: It opened for business on August 12, 2024. Saraswati Saree IPO GMP today is Rs 80. Check IPO allotment, listing, gain and more Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
