Business Standard

Saraswati Saree Depot Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

160.01 cr

Price Range (₹)

160

Lot Size

90

Min Investment (₹)

14,400.00

Listing Exchange

MumbaiNSE

Open Date

12-Aug-2024

Close Date

14-Aug-2024

Listing Date

20-Aug-2024

Saraswati Saree Depot Ltd News

    The Shares of Saraswati Saree Depot Ltd have now been listed.

    Saraswati Saree Depot Ltd IPO Details

    Initial public offer of up to 10,000,800 equity shares of face value of Rs. 10 each (Equity Shares) of Saraswati Saree Depot Limited (Company or Issuer) for cash at a price of Rs. 160 per equity share (including a share premium of Rs. 150 per equity share) (Offer Price) aggregating up to Rs. 160.01 crores comprising a fresh issue of up to 6,499,800* equity shares aggregating up to Rs. 104.00 crores by the company (Fresh Issue) and an offer for sale of up to 3,501,000 equity shares aggregating up to Rs. 56.02 crores (Offer for Sale), comprising of up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Tejas Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Amar Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Shevakram Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crorse by Sujandas Dulhani, up to 350,100 equity shares aggregating up to Rs. 5.60 crores by Tushar Dulhani, up to 350,100 equity shares aggregating up to Rs. 5.60 crores by Nikhil Dulhani, (collectively the Promoter Group Selling Shareholders) and such equity shares offered by the promoter group selling shareholders (the Offered Shares). (such offer by each of the promoter group selling shareholders, the Offer for Sale and together with the fresh issue, the Offer). The offer shall constitute up to 25.25% of the post-offer paid-up equity share capital of the company.

    Objective of issue

    Funding working capital requirements of the company. General corporate purposes.

    Saraswati Saree Depot Ltd Contact Details

    Saraswati Saree Depot Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@saraswatisareedepotlimited.com

    Website - www.saraswatisareedepot.com