Saraswati Saree Depot IPO Subscription Status: Saraswati Saree Depot IPO is Open on 12 August 2024 and Close on 14 August 2024. Saraswati Saree Depot IPO to Raise 10,000,800 shares (Approx ₹160.01 Cr) via IPO. The Fresh Issue is 6,499,800 shares (Approx ₹104.00 Cr) and The Offer For Sale is 3,501,000 shares of ₹10 (Approx ₹56.02 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Saraswati Saree Depot IPO is an Mainline IPO and Listed on NSE & BSE. Saraswati Saree Depot IPO Price Band is Fixed at ₹160 Equity Share. Saraswati Saree Depot IPO Lot Size is 90 Shares.
Also Read: Saraswati saree depot ipo Details Today, Date, Price, GMP, Review
Saraswati Saree Depot IPO Subscription Status, Rate bid times
Inv Category
Shares Reserved
No. of Shares bid for
No. of Times (Subscription)
Qualified Buyers (QIBs)
50,00,400
32,06,47,500
64.12
Non Institutional Buyers (NIIs)
15,00,120
53,77,48,650
358.47
Retail Individual Buyers (RIIs)
35,00,280
21,55,68,450
20.62
BNII
10,00,080
38,93,12,460
389.28
SNII
5,00,040
14,84,36,190
296.85
Total
1,00,00,800
1,07,39,64,600
107.39
Saraswati Saree Depot IPO Subscription Status day-by-day-
Categories
12 Aug
13 Aug
14 Aug
QIB
1.19
1.32
64.12
NII
12.67
57.34
358.47
RII
5.57
20.62
61.59
Total
4.45
16.38
107.39
About IPO :
Saraswati Saree Depot are a key player in sarees wholesale (B2B) segment and our origin into thesarees business dates back to the year 1966. We are also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. over 15,000 unique customers and our product catalogue consists of more than 3,00,000 different SKUs.
Product Portfolio :-
- Sarees – Casual, Wedding, Festive, Party
- Fabric – Silk, Soft Silk, Art Silk, Cotton Silk, Cotton, Organza, Georgette, Linen, Nylon Blend
- By Weave – Banarsi, Paithani, Kanjivaram, Maheshwari, Patola, Handloom, Bomkai, Gadwal, Tanchoi, Bandhani, Dharmavaram
- Pattern – Woven, Printed, Floral, Digital Print, Dyed, Geometric, Self Design, Solid, Embroidered
- Ornamentation – Zari, Tassel, Zari Buta, Sequins, Floral Design, Brocade, Cotton Thread
- Other Product Offerings – Kurtis, Dress Materials, Blouse Pieces, Shirt and Pant Pieces for men, Lehengas, Bottoms and other women’s apparel accessories.
Saree is an ethnic wear garment which has its origin in India and is one of the most popular readymade garment in India which is wore on casual occasions as well as on festive occasions.
A saree typically ranges from six to nine yards in length and can be worn in several ways. In India there are different kind of sarees which are prevalent with Indian women.
The most prevalent sarees include silk sarees, cotton sarees, synthetic fibre sarees etc. apart from these prevalent fabric sarees, there are blends and mixture
of fabrics in which sarees are available across the saree industry in India. The demand for saree market in India in recent years have come from growth in the wedding and celebration wear market.
However, the industry is seeing the change in the consumer buying pattern as customers are seeking quality and premium products. The change in the buying pattern has resulted in players selling higher priced sarees than the value range sarees.
The saree market in India has been traditionally dominated by small retail shops and unorganised players who usually have standalone outlets which is characterised by loyal customer group.
Our sarees are sourced from different manufacturers across India. Over the years, we have developed relationships with these manufacturers in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. We regularly source sarees and other women’s apparel from more than 900 weavers/suppliers across different states in India. Currently, our product catalogue lists more than 300,000 different SKUs.
Saraswati Saree Depot holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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