Saraswati Saree Depot Ltd. has announced public offering of 10000800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 150.00 per share. The gross proceeds of the issue are expected to be Rs 16,001.28 lakhs.

The company's initial public offer (IPO) will open on 12 August 2024 and is expected to close on 14 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 152.00-160.00 per share.

The IPO includes a fresh Issue of 10000800 Equity Shares of the Company at an price of Rs 160.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 90 shares with bids in multiples of 90.

Saraswati Saree Depot Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.