Saraswati Saree Depot IPO sails through on Day 1 on strong NII, retail bidding

August 12, 2024

The IPO of Saraswati Saree Depot was fully subscribed within hours of its launch today, with a subscription rate of 2.46 times. Retail and non-institutional investors were the primary contributors, with the retail portion subscribed 3.34 times. The company fixed a price band of Rs 152-160 per share. Analysts advise high-risk investors to consider this IPO.

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