[MyFamilyInvestment] Sai Silks Kalamandir IPO
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Feb 6, 2013, 11:13:14 AM2/6/13
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Sai Silks Kalamandir, a retailer of sarees, has come out with an IPO of Rs 89 crore. The company is in the business of retailing of sarees under the brand name of "Kalamandir". The company started as a retailer of sarees in Hyderabad in August 2005 and now operates 12 retail outlets, which cumulatively spread over in more than 97,621 square feet.
The IPO shall open on 11 February, 2013 and shall close on 13 Febraury, 2013. The company has fixed a price band of Rs 70-75 per share.
The company plans to utilize the proceeds of the IPO 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.
Ashika Capital Ltd and Vivro Financial Services Pvt Ltd are book running lead managers to the issue. Bigshare Services Pvt Ltd is the registrar to the issue.
The IPO shall open on 11 February, 2013 and shall close on 13 Febraury, 2013. The company has fixed a price band of Rs 70-75 per share.
The company plans to utilize the proceeds of the IPO 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.
Ashika Capital Ltd and Vivro Financial Services Pvt Ltd are book running lead managers to the issue. Bigshare Services Pvt Ltd is the registrar to the issue.
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Posted By Blogger to MyFamilyInvestment at 2/06/2013 09:43:00 PM
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