Saraswati Saree Depot IPO’s retail portion fully booked in less than an hour of opening; check GMP, subscription status

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Saraswati Saree Depot IPO subscription status: The initial public offering of Saraswati Saree Depot Ltd is off to a positive start with the retail portion being fully subscribed amid subdued market conditions. At 11:00 IST, Saraswati Saree Depot IPO subscription status was 52%. 

The IPO received bids for 55,58,220 shares against 1,00,00,800 shares on offer, according to BSE.

The portion for retail investors attracted 1.17 times subscription while the quota for non-institutional investors got subscribed 74%. The qualified institutional buyers portion is yet to be booked. 

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