Saraswati Saree Depot Limited IPO
Saraswati Saree Depot Limited IPO
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The Initial Public Offering of Saraswati Saree Depot Limited's culminated in its successful listing on 20-08-2024 at the NSE, BSE trading platform. The company secured 1,00,00,800 Shares through this capital market exercise, with 64,99,800 Shares allocated to new capital formation and ₹56.02 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹152 to ₹160, with minimum investment requirements of 90 shares. The subscription period from 12-08-2024 to 14-08-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 16-08-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Saraswati Saree IPO About Company
Saraswati Saree Depot Limited, established in 1996, is a leading manufacturer and wholesaler of women's apparel, specializing in the B2B saree market. Along with sarees, the company also distributes kurtis, dress materials, blouse pieces, lehengas, and bottoms, catering to diverse customer preferences. With a strong presence in the women's apparel industry, Saraswati Saree Depot continues to serve retailers and businesses with a wide range of high-quality products.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Saraswati Saree IPO Strength Factors
- Wide Supplier and Customer Network: The company works with over 900 weavers and suppliers across India, reducing reliance on a few key partners. With a well-diversified customer base, no single buyer or supplier dominates its revenue.
- Extensive Product Range: Specializing in women’s apparel, especially sarees, the company offers a variety of styles based on occasion, fabric, weave, and design trends, ensuring high quality and customer appeal.
- Strong Bulk Buying Power: With over 300,000 SKUs and two large stores, the company efficiently stocks inventory in large quantities, keeping costs low and products readily available.
Saraswati Saree IPO Risk Factors
- Heavy Dependence on Sarees: Since the business focuses mainly on women's sarees, changes in fashion trends or customer preferences could impact sales and growth.
- Limited Geographic Reach: With only two stores in Maharashtra, any local disruptions—like social unrest or natural disasters—could affect business operations and financial stability.
- Tough Market Competition: The company operates in a highly competitive industry, so staying ahead is crucial to maintaining strong sales and profitability.
Saraswati Saree IPO Lead Manager(s)
- Unistone Capital Private Limited
Saraswati Saree IPO Promoter(s)
- Mr. Shankar Dulhani
- Mr. Mahesh Dulhani
- Mr. Rajesh Dulhani
- Mr. Vinod Dulhani
Saraswati Saree IPO FAQs
Saraswati Saree Depot Limited IPO subscribed 107.52 times. The public issue subscribed 61.88 times in the retail category,64.12times in QIB, and 389.28 times in the HNI (10+) category byNovember 21, 2025 7:26:59 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Saraswati Saree IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Saraswati Saree IPO FAQs
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