Saraswati Saree jumps 31% in debut trade

New Delhi: Shares of Saraswati Saree Depot Ltd on Tuesday ended with a premium of over 31 per cent against the issue price of Rs160. The stock made its debut at Rs200, registering a jump of 25 per cent from the issue price on the BSE. It later zoomed 31.21 per cent to hit the upper circuit limit of Rs209.95. On the NSE, shares of the firm listed at Rs194, up 21.25 per cent. The stock ended at Rs203.70, a surge of 27.31 per cent. The company’s market valuation stood at Rs831.40 crore. On the volume front, 10.27 lakh shares of the firm were traded on the BSE and 40.90 lakh shares on the NSE during the day. The initial public offer of Saraswati Saree Depot, a key player in the saree wholesale segment, got subscribed a whopping 107.39 times on the last day of subscription on Wednesday.