Saraswati Saree IPO bidding start date is 12 August 2024 and closing date is 14 August 2024 . you can start bidding from 12 August 10AM till 14 August 5PM. Please do remember the cutoff time for upi mandate, After 5PM on ipo closing day no upi mandate request will be accepted. Saraswati Saree IPO price band is ₹152 to ₹160 Per Share.
Saraswati Saree Depot has been a cornerstone in the saree wholesale industry since 1966, becoming a trusted name in the business. With sarees making up more than 90% of their sales, they’ve built a reputation for offering a wide range of beautiful and diverse designs. But they don’t stop at sarees, they also wholesale other women’s apparel like kurtis, dress materials, blouse pieces, lehengas, and bottoms. The company’s journey saw a significant turning point in 1993 when the Dulhani family came together to consolidate their business, leading to the formation of “M/s. Saraswati Sadi Depot.” By Fiscal year 2023, they had served over 15,000 unique customers, offering a staggering catalog of more than 300,000 different SKUs.
What sets Saraswati Saree Depot apart is their deep connection with over 900 weavers and suppliers across India. They’ve nurtured these relationships over the years, sourcing their sarees and apparel from renowned manufacturing hubs like Surat, Varanasi, Madurai, and Kolkata. This extensive network allows them to consistently offer a diverse and high-quality selection, ensuring they meet the varied tastes and needs of their customers. With such a broad and carefully curated collection, Saraswati Saree Depot continues to be a go-to source for wholesalers looking for the best in women’s apparel.
Saraswati Saree Peer Group
- Go Fashion (India) Ltd
- Sai Silks (Kalam andir) Limited
Saraswati Saree IPO Details, Date, Size, Price Band
| IPO Opening Date | 12 August 2024 |
| IPO Closing Date | 14 August 2024 |
| Listing Date | 20 August 2024 |
| Face Value | ₹10 Per Share |
| IPO Size | Aprox ₹160.01 Crore |
| Fresh Issue | Aprox ₹104.00 Crore |
| Price Band | ₹152 to ₹160 Per Share |
| Minimum Bid | 90 Shares |
| Employee Discount | N/A |
| Issue Type | N/A |
| Retail Quota Allocation | 35% of net offer Issue |
| NII Quota Allocation | 15 % of net offer Issue |
| QIB Quota Allocation | 50 % of net offer Issue |
| IPO Listing on | BSE & NSE |
Saraswati Saree IPO Financial Report
Talking about financials of Balaji Specialty Chemicals, it has made revenue in the last 3 Financial years mentioned in the below table with an amount of ₹[.] Crore profit after taxes (PAT) in the year 2024.
| Dates | Revenue | Expense | PAT |
| 2021 | ₹ Cr | ₹ Cr | ₹- Cr |
| 2022 | ₹ 550.31Cr | ₹538.82 Cr | ₹12.31 Cr |
| 2023 | ₹ 603.52 Cr | ₹ 572 65 Cr | ₹22.97 Cr |
Saraswati Saree IPO Important Dates
Saraswati Saree IPO bidding will start from 12 August 2024 and closing date is 14 August 2024. you can start bidding For ipo from12 August to 14 August till 5PM. The IPO Finalization Date is 16 August 2024 and it will be listed on 20 August 2024.
| IPO Open Date | 12 August 2024 |
| IPO Close Date | 14 August 2024 |
| Basis of Allotment | 16 August 2024 |
| Refund Initiation | 19 August 2024 |
| Share Credit to Account | 19 August 2024 |
| Listing Date | 20 August 2024 |
Saraswati Saree IPO Lot Size Details
Saraswati Saree IPO Retail investor can apply for minimum Lot of 90 shares with amount of ₹ 14,400 and Retail Investor can apply maximum up to 13 Lots of 1170 shares with price amount ₹ 187,200.
| Application | Lots | Shares | Amount |
| Retail Quota (Min) | 1 | 90 | ₹ 14,400 |
| Retail Quota (Max) | 13 | 1170 | ₹ 187,200 |
| S-HNI Quota (Min) | 14 | 1260 | ₹ 201,600 |
| B-HNI Quota (Min) | 70 | 6300 | ₹1,008,000 |
Saraswati Saree IPO Promoters
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Saraswati Saree IPO Prospectus
| Saraswati Saree IPO RHP & DRHP Download Link | |
| Saraswati Saree IPO DHRP | Download |
| Saraswati Saree IPO RHP | Download |
Saraswati Saree Company Contact Information
Saraswati Saree Depot Limited
Sr No.144/1 Manademala,
Near Tawade Hotel, Gandhinagar Road,
Uchagaon, Kolhapur – 416005
Phone: +919271009858
Email: [email protected]
Website: https://www.saraswatisareedepot.com/home
Saraswati Saree IPO Registarar Information
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/
Saraswati Saree IPO FAQs :
What is Saraswati Saree IPO Price Band ?
Saraswati Saree price Band is ₹ 150 to ₹ 160 Per Share.
What is Saraswati Saree IPO Size ?
Saraswati Saree IPO size is ₹ 160.01 Crore.
What is Saraswati Saree IPO Start Date ?
Saraswati Saree IPO start date is 12 August 2024 .
What is Saraswati Saree IPO End Date ?
Saraswati Saree IPO end Date is 14 August 2024.
What is Saraswati Saree IPO Allotment Date ?
Saraswati Saree IPO Allotment Date is 16 August 2024.
What is Saraswati Saree IPO Listing Date ?
Saraswati Saree IPO listing date is 20 August 2024. it will be listed on NSE & BSE
What is Saraswati Saree IPO Minimum Retail Share to Apply ?
Saraswati Saree IPO Minimum Retail Share to apply is 90 Shares.
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