What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Saraswati Saree Depot Limited IPO allotment date?

The basis of allotment for Saraswati Saree Depot Limited IPO is scheduled to be finalized on 16 Aug 2024.

Where can I check Saraswati Saree Depot Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 17 Aug 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Saraswati Saree Depot Limited

ListedSME

Consumer Discretionary · NSE / BSE

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.

Price Band

₹152 – ₹160

Issue Size

₹160 Cr

Lot Size

90 shares

GMP

₹40

+25.0%

Est. Listing

₹200

at current GMP

Subscribed

107.52x

overall

Open

12 Aug 2024

14 Aug 2024

Allotment

16 Aug 2024

Refund

17 Aug 2024

Demat Credit

18 Aug 2024

Listing

20 Aug 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Saraswati Saree Depot Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Aug 2024

Basis finalization

Refunds Initiate

17 Aug 2024

Mandate release

Demat Credit

18 Aug 2024

Shares in demat

Listing Debut

20 Aug 2024

Trading begins

About Saraswati Saree Depot Limited Public Issue & Market Profile

Saraswati Saree Depot Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹160.01 Crores. The shares are offered at a price band of ₹152 to ₹160 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-08-14, the basis of allotment is scheduled to be finalized on 2024-08-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.