This week, five new IPOs, including Saraswati Saree Depot Ltd’s ₹160 crore offer, are launching on Dalal Street, aiming to raise a total of ₹257 crore.


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Investors will have a busy week as five new initial public offerings (IPOs) are expected to launch on Dalal Street this week, with a combined fundraising target of ₹257 crore. Saraswati Saree Depot Ltd., which will make its primary board launch, is the most noteworthy of these offerings.

On Monday, August 12, Saraswati Saree Depot Ltd., a well-known supplier of sarees and women's clothing, will begin its initial public offering (IPO). The last day to subscribe is Wednesday, August 14. With this public offering, the business hopes to raise ₹160 crore. A new issue of 64,99,800 equity shares with a maximum value of ₹103.99 crore and an offer for sale of 35.01 lakh shares with a maximum value of ₹56.01 crore are both included in the IPO.

The initial public offering (IPO) price range is established at between ₹152 and ₹160 per share. Retail investors must invest a minimum of ₹14,400 with a minimum lot size of 90 shares. The shares are planned to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 20, 2024, following the expected completion of the share allocation process on August 16, 2024. Bigshare Services Pvt Ltd will serve as the IPO registrar, and Unistone Capital Pvt Ltd will be the book-running lead manager.

Four small and medium-sized company (SME) initial public offerings (IPOs) will open for subscription this week, in addition to Saraswati Saree Depot Ltd. Among them are Sunlite Recycling Industries Ltd. and Positron Energy Ltd. Just one SME initial public offering (IPO) last week, Aesthetik Engineers Ltd., raised ₹26.47 crore from investors.

The important IPOs of FirstCry.com and Unicommerce eSolutions were launched the week prior. These products sparked a lot of attention and signaled a busy time for the market.

The wave of initial public offerings (IPOs) this week coincides with investors' intense attention to novel prospects. We'll be keeping a close eye on these IPOs' success, especially in light of the recent slowdown in SME issues. Investors will have a variety of options to choose from as a combination of big and small products make their way onto the market.

The offers this coming week, especially Saraswati Saree Depot Ltd., might determine the direction of the market as the IPO landscape changes and offer important information about investor interest and market dynamics.

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