Saraswati Saree Depot (SSDL) shares debuted on D-Street today at a reasonable premium. The stock began trading at Rs 200 on the BSE, a premium of 25%, while it was listed at Rs 194 on the NSE, up over 21% from the issue price of Rs 160.
Saraswati Saree Depot Debuts on BSE with 25 per
Details about Saraswati Saree Depot’s IPO
The company’s Rs 160 crore offering was open from August 12 to August 14. The offer included a 3.5 million share offer for sale (OFS) in addition to a new 6.5 million share issue. Following the issue, the promoters’ percentage of the company’s shares will drop to 74.75%.
Depot for Saraswati Sarees With a total subscription of 107.39 times, the IPO attracted a great deal of investor interest in the upbeat market environment. With a subscription rate of 358.47 times, NII was the most popular, followed by QIBs, who applied for 64.12 times the shares that were available to them. In the meantime, the shares that were up for bid were bid for by the retail investor category 61.59 times over.
In addition to general corporate reasons, the issue proceeds will be used to finance the company’s working capital requirements.
Concerning Saraswati Saree Depot: Saraswati Saree Depot Debuts on BSE with 25 per
Saraswati March 18, 2021, saw the incorporation of Saree Depot. It competes in the wholesale sarees business (B2B). The business also deals in the wholesale of various items of women’s clothing, including bottoms, lehengas, kurtis, dress materials, and blouse pieces.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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