09 February 2013

IPO of Sai Silks (Kalamandir) Ltd - 11th to 13 February 2013


Sai Silks (Kalamandir) Ltd is in the business of retailing of sarees under the brand name of Kalamandir, Mandir and Varmahalakshmi. Company has presence in Southern India with network of 12 retail outlets. Sai Silks mainly focuses on Women’s Ethnic wear. Its products include Sarees, Women’s dress materials, Men’s wear, Kid’s wear and Gold & Silver Jewellery.
Sai Silks that started as a retailer of sarees in Hyderabad in August 2005 operates 12 retail outlets, which cumulatively spread over in more than 97,621 square feet.
It is in the business of retailing of sarees under the brand name of Kalamandir , Mandir and Varmahalakshmi. Company has a mainly presence in south India with network of 12 retail outlets. Sai Silks (Kalamandir) mainly focus on Women’s Ethnic wear. Company's ranges of products are Sarees, Women’s dress materials, Men’s wear, Kid’s wear and Gold & Silver Jewellery.
The company is entering the capital markets with an initial public offering (IPO), aggregating upto Rs 89 crore through a book building process. Funds raised through the issue are proposed to be used for setting up of retail outlets; expenses to be incurred for brand promotion; pre-payment of term loan facility; long term working capital requirement; and general corporate purposes.
About the IPO
Sai Silks (Kalamandir) Ltd
Issue opens on11th February 2013
Issue closes on13th February 2013
Issue SizeRs 89 Crore
Prize bandRs 70 - 75
Bid Lot Size200 Equity Shares and in multiples thereof
IPO Grading“IPO Grade 2/5” by ICRA