About Web Saraswati Saree Depot Ltd

WEB Saraswati Saree Depot IPO: A Comprehensive Guide

About WEB Saraswati Saree Depot Ltd

WEB Saraswati Saree Depot Ltd (SSDL) is a well-established player in the sarees wholesale B2B segment, as recognized by CRISIL Report. The company's journey in the sarees industry has been a remarkable one.

IPO Details

SSDL's initial public offering (IPO) is set to open for subscription on August 12, 2024, and will close on August 14, 2024. The price band for the IPO has been fixed between ₹152 and ₹160 per equity share. The company aims to raise ₹200 crore through this offering.

Investors can apply for a minimum lot size of 90 equity shares, which is equivalent to a minimum investment of ₹13,680 at the upper end of the price band. The allotment of shares is expected to take place on August 19, 2024, and the shares are likely to be listed on the BSE and NSE on August 26, 2024.

Key Features of the IPO

• SSDL is a prominent player in the sarees wholesale B2B segment.
• The IPO is expected to raise ₹200 crore.
• The price band for the IPO has been set between ₹152 and ₹160 per equity share.
• The IPO is open for subscription from August 12 to August 14, 2024.
• The shares are likely to be listed on the BSE and NSE on August 26, 2024.