Saraswati Saree Depot IPO GMP Today, details, Review

Dear investors check out here Saraswati Saree Depot IPO GMP Today. We regularly update Grey Market Premium Today About all IPO. Saraswati Saree Depot IPO GMP today is ₹60.

Saraswati Saree Depot IPO is open on Tuesday, August 12, 2024, 2024. and close on Thursday, August 14, 2024. Saraswati Saree Depot IPO total issue size is 10,000,800 shares (aggregating up to ₹160.01 Cr), and Saraswati Saree Depot IPO price is ₹160 per share. The IPO will be listed on BSE and NSE. Saraswati Saree Depot Limited IPO listing on Tuesday, August 20, 2024.

Saraswati Saree Depot IPO Date

IPO Open Date: Monday, August 12, 2024
IPO Close Date: Wednesday, August 14, 2024
Basis of Allotment: Friday, August 16, 2024
Initiation of Refunds: Monday, August 19, 2024
Credit of Shares to Demat: Monday, August 19, 2024
Listing Date: Tuesday, August 20, 2024
Cut-off time for UPI mandate confirmation: 5 PM on August 14, 2024

Saraswati Saree Depot Limited About

Saraswati Saree Depot is a wholesale fashion company founded in 1996. They specialize in sarees but also offer a wide range of women’s clothing like kurtas, dress materials, and lehengas.

The company works directly with other businesses to supply their products. They source their beautiful sarees and other clothing from over 900 talented artisans and suppliers across India. With a huge selection of over 300,000 styles, they cater to customers in the south and west of India, particularly in Maharashtra, Goa, Karnataka, and Tamil Nadu. They’ve worked with more than 15,000 different shops in the past year.

Saraswati Saree Depot is known for its wide variety of sarees, which they categorize by occasion, fabric, design, and embellishments. Sarees make up the majority of their business.

Saraswati Saree Depot Limited Financial Overview

Saraswati Saree Depot Limited experienced significant financial growth in the fiscal year ending March 31, 2023. Revenues climbed by 9.67% compared to the previous year, while profits after tax surged by a substantial 86.66%. These positive results contributed to an increase in net worth from ₹12.41 crore to ₹35.38 crore, demonstrating the company’s strong financial performance.

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Saraswati Saree Depot IPO GMP Today Price | Gray Markets Price Today

As Per the last update on August 12, 2024, at 11:00 AM, the latest GMP (Gray Markets Price) for Saraswati Saree Depot IPO is ₹60. The base price of the IPO is ₹160.00, with an estimated listing price of ₹220 (37.5%) (cap price + today’s GMP). This suggests an expected profit/loss per share of 37.5%.