Saraswati Saree Depot IPO
Saraswati Saree Depot Limited (SSDL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 20 August 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +63.8% (likely range +11% to +134%), day's high +73.8%, chance of a gain 97%. Actual: +21.2% at the open, +27.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 50,00,400 | 32,06,47,500 | 64.1x | |
| NII (HNI) total | 15,00,120 | 53,80,14,690 | 359x | |
| Big NII (above ₹10 lakh) | 10,00,080 | 38,93,12,460 | 389x | |
| Small NII (₹2-10 lakh) | 5,00,040 | 14,87,02,230 | 297x | |
| Retail | 35,00,280 | 21,65,80,860 | 61.9x | |
| Total | 1,00,00,800 | 1,07,52,43,050 | 108x |
Bids on NSE and BSE together, as published by NSE, as of 14 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Saraswati Saree Depot's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
| Kronox Lab SciencesLimitedJun 2024 | 89.0x | 303x | 55.7x | 118x | ₹130 Cr | +21.3% | +21.8% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
| Quess CorpJul 2016 | 59.0x | 392x | 34.1x | 144x | ₹411 Cr | +57.7% | +60.7% |
| Burger King IndiaDec 2020 | 86.6x | 354x | 68.2x | 157x | ₹811 Cr | +87.5% | +125.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Unistone Capital | 13 | +47.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Saraswati Saree Depot IPO price band and lot size? ₹152–160 per share, with a lot of 90 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 108x overall: QIB 64.1x, NII 359x, retail 61.9x.
How did it list? It opened at ₹194, +21.2% against the issue price of ₹160, and closed its first day +27.3%.
