The initial public offer (IPO) of Saraswati Saree Depot, which opened for subscription earlier today, sailed through within hours of opening. The subscription for the IPO, which closes on August 14, stood at 2.46 times so far on Day 1.
The issue was fully subscribed in all the categories, but retail and non-institutional investors led the bidding. The retail portion of the IPO was booked 3.34 times and the NII part was subscribed 5.06 times.
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