Saraswati Saree Depot IPO allotment: Here’s how to check the status on Bigshare Services, BSE

Saraswati Saree Depot IPO allotment status is expected to be finalised on Friday, August 16, after huge demand for the public offer during the subscription period.

The mainboard issue closed with a strong subscription on Wednesday, August 14. On the final day of bidding, Saraswati Saree Depot IPO was subscribed 107.39 times. The initial public offer received bids for over 107.39 crore shares compared to the 1 crore shares on offer.

The issue was booked 358.47 times in the Non-Institutional Investors (NIIs) category. Saraswati Saree Depot IPO was booked 61.59 times in the retail category and 64.12 times in the Qualified Institutional Buyers (QIBs) segment.

The subscription window for Saraswati Saree Depot IPO was open from Monday, August 12 to Wednesday, August 14.

After the allotment of shares, refunds will be initiated for unsuccessful bidders and successful bidders will receive shares of Saraswati Saree Depot in their demat accounts on Monday, August 19. Saraswati Saree Depot IPO tentative listing date is Tuesday, August 20.

Ahead of the listing, investors can check Saraswati Saree Depot IPO share allotment status on the BSE, NSE, and the registrar's Bigshare Services Pvt Ltd websites.

• Go to the BSE website (https://www.bseindia.com)
• Select ‘Investor Relations’ and go to public issues
• Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Select ‘Saraswati Saree Depot’ from the list
• Enter PAN details or application number
• Click on the ‘Submit’ button
• Investors can also check the Saraswati Saree Depot IPO allotment status on the NSE using their PAN and bank account details.

• Open IPO registrar BigShare Services’ website (https://ipo.bigshareonline.com/ipo_status.html)
• Go to the 'Company Selection' dropdown menu
• Choose ‘Saraswati Saree Depot IPO’
• In 'Selection Type', choose either PAN, beneficiary ID or application number
• Type in the selected detail
• Enter the captcha and click on the submit button

Saraswati Saree Depot IPO: Objective

Saraswati Saree Depot plans to use the money raised via the public issue to fund the company's working capital requirements and for other general corporate purposes.

Saraswati Saree Depot IPO key details

Saraswati Saree Depot IPO was valued at ₹160.01 crore. The public offer consisted of a fresh issue of 65 lakh shares, aggregating to ₹104.00 crore, and an offer for sale of 35 lakh shares worth ₹56.02 crore.

Saraswati Saree Depot IPO price band was fixed at ₹152 to ₹160 per share. The minimum lot size to apply for Saraswati Saree Depot IPO was 90 shares, which aggregated to a minimum investment of ₹14,400.

About Saraswati Saree Depot

Saraswati Saree Depot, incorporated in 1996, is engaged in manufacturing and sale of women's apparel. The company is a wholesale (B2B) player and sells sarees along with other women's apparel mostly in the western and southern states.