Saraswati Saree Depot was listed at Rs 194 on the National Stock Exchange, a 21.3% premium to the issue price.
The company opened its issue to investors for bidding on August 12 and closed it on August 14. The company raised a total of Rs 160.01 crore through a combination of fresh shares and an offer for sale.
GMP
The company’s shares were fetching a premium of 25% to the price in the grey market. It is an unofficial place where shares change hands illegally before listing.
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Price Band
The company kept the IPO price band in a range of Rs 152 to Rs 160 per equity share. The allotment of shares was finalised on August 16.
Minimum Investment
A retail buyer had to apply for a minimum of one lot that held 90 shares for a value of Rs 14,400. Meanwhile, there were different lot sizes for small NIIs and big NIIs.
BRLM and Registrar
Unistone Capital Pvt Ltd was the lead book runner for the Saraswati Saree Depot issue, while Bigshare Services Pvt Ltd was the registrar.
