Saraswati Saree Depot IPO Listing News :The shares of Saraswati Saree Depot Limited, a company engaged in the business of sarees, have made a blockbuster entry in the stock market today on 20 August. The company’s shares were listed on the BSE at a price of Rs 200, while the IPO price was Rs 160. In this sense, the stock gave a return of 25 percent or Rs 40 per share on listing. The IPO had received a strong response from investors, while there were indications of a better listing from the grey market as well. The question is whether the shares should be sold after earning a good profit.
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Saraswati Saree Depot IPO: It was subscribed 107 times
Saraswati Saree Depot Limited’s IPO received a tremendous response from investors. This IPO was subscribed more than 107 times overall. About 50 percent of this IPO was reserved for qualified institutional buyers (QIB) and it was subscribed 64.12 times on the last day. In this, 35 percent was reserved for retail investors and it was subscribed 60.53 times. While 15 percent was reserved for non-institutional investors (NII) and it was subscribed 358.33 times.
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Canara Bank Securities According to the report, due to the growing trend of multi-day weddings, acceptance of traditional attire during the festive season and emerging as a major brand in the Indian wedding and celebration wear market, Saraswati Sarees now plans to enter the ethnic wear space for men. The company has shown impressive financial performance.
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Brokerage House SMIFS According to the company, it serves 13,000 customers, which is expected to grow in the future through its e-commerce initiatives, while it is expected to benefit from growth in the saree market. Organized retailers are specifically targeting the saree market with mid to premium range offerings. This growth is reflected in the growth in the company’s average net sales per customer. However, the saree business is stable and new ventures in men’s ethnic wear may improve future growth rates with cheaper valuations.
Swastika Investmart According to Saraswati Saree Depot, it is a leading player in the wholesale saree market, characterized by a diverse supplier and customer base. Its extensive product portfolio and bulk buying capabilities provide a competitive edge. Although the company has maintained stable profitability, negative cash flow remains a concern. The saree wholesale industry is highly competitive, with challenges such as low margins and seasonality.
(Disclaimer: Investing or selling stocks is advised by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
