Tag: Sai Silks (Kalamandir)

Sai Silks Kalamandir's IPO received a lukewarm response with a subscription rate of just 0.07 times. Analysts have raised concerns about the company's high debt levels, intense competition in the industry, and the fact that half of the issue size is an OFS. The company also has 30 percent of its promoter holdings pledged. Despite these concerns, the company's management is confident about its growth prospects.

Sai Silks IPO was oversubscribed 4.4 times on the final day of bidding, with qualified institutional buyers and high networth individuals supporting the issue on closing day. The net fresh issue proceeds will be utilized by the company mainly for the setting up of 30 new stores, two warehouses, working capital requirements and repaying debts. The trading in its equity shares will commence with effect from October 4, as per the IPO schedule.

Ethnic apparel retailer Sai Silks Kalamandir is launching its Rs 1,200 crore IPO on September 20. The IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer-for-sale (OFS) of 2.7 million shares by the promoter group. The IPO is expected to be well-received by investors, given the strong growth prospects of the ethnic apparel market

Sai Silks Kalamandir, a leading ethnic apparel retailer in south India, is launching its IPO on September 20. The IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer-for-sale (OFS) of 2.7 million shares by promoter group. The company plans to use the net proceeds from the IPO to set up 30 new stores and two warehouses. The IPO is likely to be well-received by investors.