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.
Saraswati Saree Depot IPO Recommendations - Analysts mostly positive#SaraswatiSareeDepot #IPOAlert #IPOChart #IPONews pic.twitter.com/jdpvjLRF5O
— IPO Central (@ipo_central) August 12, 2024
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.
Saraswati Saree Depot IPO
— MBA Investmentwala (@Aditya_Hujband) August 12, 2024
📅 Dates: 12 to 14 August 2024
💵 Price Band: ₹152 to ₹160 per share
📦 Lot Size: 90 Shares
💰 Total Issue Size: ₹160 Cr
🛒 Retail Quota: 35%
📈 GMP: +30%
🔸Rating: Apply
🔸Company Overview:
Incorporated in 1996, Saraswati Saree Depot Limited has… pic.twitter.com/MTBVeCmzh8
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.
Saraswati Saree Depot IPO will open for subscription on August 12, 2024, and close on August 14, 2024.
— Value Research Stocks (@VROStocks) August 10, 2024
Here is everything you need to know about the IPO to make an informed decision. Read the whole story through the link below!https://t.co/quTEZCg1BP #IPO #IPOAnalysis
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.
