Sai Silks Kalamandir Limited is entering the capital market with its Initial Public Offering (IPO) of — equity shares of Rs 10 each. The IPO will open on 11th Feb 2013 and will be available for subscription upto 13th Feb 2013. Initial Public Offering (IPO) will be based on a 100% book building process. Issue price is proposed at Rs 70 at lover level and Rs 75 at upper level. Sai Silks Kalamandir Limited sell sarees in retail under Kalamandir brand name. Apart from sarees they also deals women’s dress materials, men’s wear, kid’s wear and gold Jewellery & Silver Jewellery. They are present in south india only and have 12 retail outlets there.
Initial Public Offering objective to coming in IPO market is to finance the setting up new retail outlets. Brand promotion also in the plan.
Sai Silks Kalamandir Limited Initial Public Offering (IPO) Summary :-
IPO Opens : 11th Feb 2013
IPO Closes : 13th Feb 2013
IPO Type : 100% book building Issue
IPO Size : — equity Shares of Rs 10 each
IPO Size : Rs 89.00 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 70 – Rs 75 per Equity Share
Minimum Bid Quantity : 200 Shares
The equity shares offered through the Initial Public Offering (IPO) are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Book running lead managers (BRLM) to the issue arr Ashika Capital Limited and Vivro Financial Services Private Limited.
Registrar of the Issue : Bigshare Services Pvt Limited Mumbai.
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