Saraswati Saree Depot IPO GMP soars 32% ahead of opening; Should you bid?

Quick Summary:

The three-day subscription window for the Saraswati Saree Depot IPO, a book-built issue worth Rs 160.

While the company has maintained stable profitability, negative cash flow remains a concern."The saree wholesale industry is highly competitive and fragmented, with low margins and significant seasonality.

The remaining amount will be used by Saraswati Saree Depot for general corporate purposes.

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Category: BusinessFinance

Markets: India

Topics: Ipo gmp today price Saraswati saree ipo gmp with price Saraswati saree ipo gmp Saraswati saree depot ipo gmp tpday Ipo listing details Saraswati saree ipo allotment date Ipo news today Saraswati saree depot ipo gmp price Ipo today Saraswati saree ipo lot size Ipo news today Saraswati saree ipo gmp toay Saraswati saree depot ipo gmp Saraswati saree ipo Saraswati saree ipo price band Saraswati saree ipo details Saraswati saree ipo listing date Ipo gmp today

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 09:24:05 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22025491

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