Tuesday, February 5, 2013

Sai Silks Kalamandir IPO to open on Feb 11th

Sai Silks (Kalamandir) Ltd is entering in the capital markets with an initial public offering (IPO), aggregating upto Rs 89 crore through a book building process. The price band for the issue has been fixed at Rs 70/- at lower level and Rs 75/- at upper level.

Sai Silks (Kalamandir) Ltd 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 issue opens on Feb 11, 2013 and closes for subscription on Feb 13, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Get more info about Sai Silks (Kalamandir) Ltd IPO.