The allotment of shares in the initial public offer (IPO) of Saraswati Saree Depot Ltd is set to be finalised on Friday, August 16. The public offer was booked over 107 times during the bidding window from August 12 to August 14. Investors submitted bids for 107.39 crore shares compared to the 1 crore shares on offer in Saraswati Saree Depot IPO.

Investors who bid for the shares of Saraswati Saree Depot can check the allotment status on the websites of BSE and the IPO’s registrar, Bigshare Services Private Limited.

Here are the steps to check Saraswati Saree Depot IPO share allotment status on the BSE website:

Go to the BSE website: https://www.bseindia.com

Navigate to Application Status (https://www.bseindia.com/investors/appli_check.aspx)

From the dropdown menu, select Equity

Select Saraswati Saree Depot Ltd under the issue name

Enter your IPO application number or PAN details

Check on the ‘I am not a robot’ button

Submit to check the details of the allotment status.

Check Saraswati Saree Depot share allotment status on the registrar’s website

Here is how to check Saraswati Saree Depot share allotment status on the registrar’s portal

Go to the official website of the registrar Bigshare Service Private Limited: https://www.bigshareonline.com/ipo_Allotment.html

To check your IPO allotment status, first click on any one server

Now, from the list of companies choose Saraswati Saree Depot Ltd

From the Selection Type dropdown menu, click on any of these: Application number, Beneficiary ID, or PAN ID.

Based on the type you selected, enter the required information.

Verify that you are not a robot by completing the captcha

Lastly, click the search button to check your allotment status

Saraswati Saree Depot IPO

Saraswati Saree Depot IPO, valued at ₹160.01 crore, had a fresh 64.9 lakh shares and an offer-for-sale component with 35.01 lakh shares. The price band for the IPO was fixed in the ₹152-160 apiece range.

The public offer saw strong demand across investor categories. The Saraswati Saree Depot IPO was booked 358.47 times in the Non-Institutional Investors (NIIs) category, 61.59 times in the retail category and 64.12 times in the Qualified Institutional Buyers (QIBs) segment.

About Saraswati Saree Depot Limited

Established in 1966, Saraswati Saree Depot Limited deals in manufacturing and wholesale women’s apparel, especially the saree. The company sources its products from over 900 weavers and suppliers across India. With a product catalogue of over 3 lakh items, Saraswati Saree primarily caters to states such as Maharashtra, Goa, Karnataka, and Tamil Nadu.

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