Saraswati Saree Depot, a wholesale supplier of women's apparel, is set to launch its initial public offering (IPO) worth Rs 160 crore. The company, which was established in 1966, specializes in sourcing from 900 weavers across India and serves 13,000 retailers nationwide. The funds raised from the IPO will be primarily used for working capital and other general corporate purposes.
Saraswati Saree Depot's IPO: A Success Story in the Apparel Industry
Background:
Saraswati Saree Depot is a leading wholesale supplier of women's apparel, established in 1966. Headquartered in Surat, Gujarat, the company has a vast network of over 900 weavers across India and caters to 13,000 retailers nationwide. The company specializes in sarees, kurtis, suits, and other traditional Indian attire.
IPO Announcement:
On [date], Saraswati Saree Depot announced its plans to launch an initial public offering (IPO) worth Rs 160 crore. The IPO is expected to open for subscription on [date] and close on [date]. The company will offer 14.75 million shares at a price band of Rs 106-112 per share.
Purpose of the Funds Raised:
The funds raised from the IPO will be primarily used for:
Benefits of Investing in the IPO:
Top 5 FAQs:
1. How much is the IPO size?
Answer: Rs 160 crore
2. When is the IPO subscription period?
Answer: [date] to [date]
3. What is the price band of the IPO?
Answer: Rs 106-112 per share
4. What is the purpose of the funds raised from the IPO?
Answer: Working capital, expansion, and product development
5. How has Saraswati Saree Depot performed in recent years?
Answer: The company has consistently reported strong financial performance with revenue and profit growth in recent years.
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