Saraswati Saree Depot Ltd - IPO

Saraswati Saree Depot Ltd IPO Details

Initial public offer of up to 10,000,800 equity shares of face value of Rs. 10 each (Equity Shares) of Saraswati Saree Depot Limited (Company or Issuer) for cash at a price of Rs. 160 per equity share (including a share premium of Rs. 150 per equity share) (Offer Price) aggregating up to Rs. 160.01 crores comprising a fresh issue of up to 6,499,800* equity shares aggregating up to Rs. 104.00 crores by the company (Fresh Issue) and an offer for sale of up to 3,501,000 equity shares aggregating up to Rs. 56.02 crores (Offer for Sale), comprising of up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Tejas Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Amar Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crores by Shevakram Dulhani, up to 700,200 equity shares aggregating up to Rs. 11.20 crorse by Sujandas Dulhani, up to 350,100 equity shares aggregating up to Rs. 5.60 crores by Tushar Dulhani, up to 350,100 equity shares aggregating up to Rs. 5.60 crores by Nikhil Dulhani, (collectively the Promoter Group Selling Shareholders) and such equity shares offered by the promoter group selling shareholders (the Offered Shares). (such offer by each of the promoter group selling shareholders, the Offer for Sale and together with the fresh issue, the Offer). The offer shall constitute up to 25.25% of the post-offer paid-up equity share capital of the company.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Saraswati Saree Depot Ltd Contact Details

Saraswati Saree Depot Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@saraswatisareedepotlimited.com

Website - www.saraswatisareedepot.com