Saraswati Saree IPO Allotment Status

Summary

The Saraswati Saree Depot IPO was a remarkable success, significantly oversubscribed by 107.39 times by the closing date of August 14, 2024. The IPO received overwhelming demand across all investor categories, with qualified institutional buyers (QIB) subscribing 64.12 times, non-institutional investors (NII) subscribing 358.47 times, and retail investors subscribing 61.59 times. A total of 1 crore shares were offered, while the total shares bid for amounted to ₹ 107.39 crores, reflecting the immense investor interest. The total amount raised through the IPO is ₹ 160.01 crore, with the fresh issue contributing ₹ 104.00 crore and the offer for sale aggregating to ₹ 56.02 crore.

How to Check Saraswati Saree IPO Allotment Status:

How do you check Saraswati Saree Depot IPO allotment status on the Registrar's site?

Step 1: For the Saraswati Saree IPO allotment, go directly to the Bigshare URL, https://ipo.bigshareonline.com/ipo_status.html , and input your login details.

Step 2: From the list of firms, choose "Saraswati Saree IPO".

Step3: Select "PAN Number, Beneficiary ID, or Application No./CAF No." in step three.

Step 4: Select "Search."

You can view the Saraswati Saree Depot IPO on a computer monitor or your phone's screen.

How to check Saraswati Saree Depot IPO allotment status on BSE?

Step 1: First, visit the official website- Aethestik Engineers IPO Allotment status check online BSE- 
https://www.bseindia.com/investors/appli_check.aspx

Step 2- Now click on the sign-up button on the BSE website. To do so, you have to register yourself with PAN.

Step 3- Next, enter username, password and captcha code.

Step 4- Check your IPO allotment status on the new page that will appear.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Open your bank's mobile app or website and log in.

Explore IPO Section: Go to the IPO Section and look for the "IPO Services" or "Application Status" sections. This could be found on the services or investing tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: After you submit your information, an IPO allotment status should appear, showing the availability of shares for allocation.

Verify Status: You can utilise additional resources or double-check the status with the IPO Registrar to obtain confirmation.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Saraswati Saree Depot IPO Timelines: 

Saraswati Saree IPO Subscription Status

By August 14, 2024, 6:19:08 PM, Saraswati Saree IPO subscribed 107.39 times. The public issue subscribed 61.59 times in the retail category, 64.12 times in QIB, and 358.47 times in the NII category.

Subscription Day 3
-Total Subscription: 107.39 times.
-QIBs: 64.12
-Non-Institutional investors: 358.47 times.
-Retail investors: 61.59 times.
 
Subscription Day 2
-Total Subscription: 16.48 times.
-QIBs: 1.32 times.
-Non-institutional investors: 57.34 times.
-Retail investors:  20.62 times.
 
Subscription Day 1
-Total Subscription: 4.45 times.
-QIBs: 1.19 times.
-Non-institutional investors: 12.67 times.
-Retail investors: 5.57 times.

Saraswati Saree Depot IPO Details

The Saraswati Saree Depot IPO is a book-built issue valued at ₹160.01 crores. The IPO comprises a fresh issue of 0.65 crore shares aggregating to ₹104.00 crores and an offer for sale of 0.35 crore shares totalling ₹56.02 crores. The bidding for the Saraswati Saree Depot IPO started on August 12, 2024, and concluded on August 14, 2024. Investors can expect the allotment of shares to be finalised by Friday, August 16, 2024. The Saraswati Saree Depot IPO listing is anticipated on Tuesday, August 20, 2024, on both BSE and NSE.

The price band for Saraswati Saree Depot IPO is set between ₹152 to ₹160 per share. Retail investors must apply for a minimum lot size of 90 shares, requiring an investment of ₹14,400. For Small Non-Institutional Investors (sNII), the minimum application size is 14 lots, totalling 1,260 shares, with an investment of ₹201,600. Big Non-Institutional Investors (bNII) must apply for at least 70 lots, amounting to 6,300 shares and an investment of ₹1,008,000.