Saraswati Saree Depot IPO Skyrockets with 107.39 Times Subscription

The initial public offer (IPO) of Saraswati Saree Depot, a significant player in the saree wholesale market, was massively oversubscribed 107.39 times by the end of its subscription period. The 160-crore IPO attracted significant interest, especially from non-institutional investors, QIBs, and retail investors.

The initial public offer (IPO) of Saraswati Saree Depot, a key player in the saree wholesale segment, witnessed a monumental subscription rate of 107.39 times on its final day.

The Rs 160-crore IPO received bids for an astounding 1,07,39,63,880 shares against the 1,00,00,800 shares on offer, according to NSE data.

The market response was overwhelmingly positive, with non-institutional investors subscribing 358.47 times, QIBs 64.12 times, and retail investors 61.59 times.

(With inputs from agencies.)