How To Check Saraswati Saree Depot IPO Allotment Status

Are you eagerly waiting to know your Saraswati Saree Depot IPO allotment status? In this comprehensive guide, we’ll walk you through the step-by-step process of checking your allotment status and provide you with all the necessary information to make the process smooth and hassle-free.

What is the Saraswati Saree Depot IPO?

Saraswati Saree Depot Limited (SSDL) is a key player in the sarees wholesale (B2B) segment and also in women’s apparel wear. The company is raising ₹160.01 crores via an initial public offering (IPO) priced at ₹152 to ₹160 per equity share. The IPO will be listed on both the BSE and NSE stock exchanges.

Saraswati Saree Depot IPO Allotment Dates

The Saraswati Saree Depot IPO opened for subscription on August 12, 2024, and closed on August 14, 2024. The basis of allotment is expected to be finalized on August 16, 2024, and the shares are likely to be credited to the demat accounts of successful applicants on August 19, 2024. The IPO is scheduled to be listed on the stock exchanges on August 20, 2024.

Saraswati Saree Depot IPO Subscription Status

As of 2 pm on the final day of bidding, the Saraswati Saree Depot IPO was subscribed 60.72 times. The category reserved for non-institutional investors was subscribed the most at 201 times, followed by retail investors at 41 times and qualified institutional buyers (QIB) at 4.21 times.

How to Check Saraswati Saree Depot IPO (SSDL) Allotment Status

There are several ways to check your Saraswati Saree Depot IPO allotment status. You can use the following methods:

1. Check on the BSE Website

1. Visit the BSE website at www.bseindia.com.
2. Click on “Issue Info” under the “Investors” section.
3. Select “Equity” as the issue type and enter “Saraswati Saree Depot Limited” in the search bar.
4. Click on the company name to access the issue page.
5. Click on the “Allotment Status” tab to check your allotment status.
6. Enter your application number and PAN card details to view your allotment status.

2. Check on the Registrar’s Website

1. Visit the website of the registrar to the Saraswati Saree Depot IPO, which is Bigshare Services Private Limited, at www.bigshareonline.com.
2. Click on “IPO Allotment” under the “Investor Corner” section.
3. Select “Saraswati Saree Depot Limited” from the dropdown menu.
4. Enter your application number and PAN card details to check your allotment status.

3. Check with Your Broker

If you applied for the Saraswati Saree Depot IPO through a broker, you can contact them directly to inquire about your allotment status. Your broker should be able to provide you with the necessary information.

4. Check via SMS

You can also check your Saraswati Saree Depot IPO allotment status via SMS. Simply send an SMS in the format “SSDL ” to 57575. You will receive an SMS with your allotment status[4].

Saraswati Saree Depot IPO Allotment Criteria

The allotment of shares in the Saraswati Saree Depot IPO will be done on a proportionate basis. If the number of shares applied exceeds the available shares in a particular category, the allotment will be made on a proportionate basis.

Retail Individual Investors (RII)

Retail Individual Investors are entitled to a minimum lot of 90 shares and in multiples of 90 shares thereafter. The retail category is allocated 35% of the total issue size.

Non-Institutional Investors (NII)

Non-Institutional Investors are divided into two categories: Small NIIs and Large NIIs. Small NIIs are entitled to a minimum lot of 1,260 shares (14 lots), while Large NIIs are entitled to a minimum lot of 6,120 shares (68 lots). The NII category is allocated 15% of the total issue size.

Qualified Institutional Buyers (QIB)

Qualified Institutional Buyers are entitled to a minimum lot of 6,120 shares (68 lots). The QIB category is allocated 50% of the total issue size.

Saraswati Saree Depot IPO Listing Premium

In the unlisted market, the Saraswati Saree Depot IPO shares were trading at a premium of ₹100 over the issue price, which translates to a listing premium of 62.5%.

Saraswati Saree Depot IPO Refund Process

If you are not allotted any shares in the Saraswati Saree Depot IPO or if you are allotted fewer shares than you applied for, the amount paid by you or the excess amount, as the case may be, will be refunded to you. The refunds are expected to be credited to your bank account on August 19, 2024.

Refund via ASBA

If you applied for the Saraswati Saree Depot IPO through the ASBA (Application Supported by Blocked Amount) process, the amount will be unblocked from your bank account and credited to your registered bank account.

Refund via UPI

If you applied for the Saraswati Saree Depot IPO through the UPI (Unified Payments Interface) mechanism, the refund amount will be credited to your UPI-linked bank account.

Saraswati Saree Depot IPO Listing Date

The shares of Saraswati Saree Depot Limited are expected to be listed on the BSE and NSE stock exchanges on August 20, 2024.

Conclusion

Checking your Saraswati Saree Depot IPO allotment status is a crucial step in the IPO process. By following the methods outlined in this guide, you can easily check your allotment status and stay informed about the progress of the IPO. Remember to keep your application number and PAN card details handy when checking your allotment status online. If you have any further questions or concerns, feel free to reach out to your broker or the registrar to the issue for assistance.