Mumbai: Shares of Saraswati Saree Depot made a great debut on Dalal Avenue on Tuesday and the inventory listed at Rs 200 on the BSE, up 25 per cent from its difficulty worth of Rs 160. Equally, the inventory listed at Rs 194 on the NSE with a premium of 21.25 per cent.
Saraswati Saree Depot, which performs an necessary position within the wholesale saree market, acquired 16.34 occasions subscription for its preliminary public providing (IPO) on the second day. The Saraswati Saree IPO was subscribed 4.37 occasions on the primary day of bidding.
About Saraswati Saree IPO
For the IPO, Saraswati Saree Depot has reserved a most of fifty per cent shares for QIBs, at the least 15 per cent for NIIs and a minimal of 35 per cent for retail traders.
