20 Sep 2023
22 Sep 2023
₹210 to ₹222
27 Sep 2023
04 Oct 2023
Sai Silks (Kalamandir) Limited, founded in 2005, sells ethnic clothing and value-fashion items. Inspired by India's vibrant culture, traditions, and heritage, the company offers a diverse range of products such as wedding sarees, party wear, occasional and daily wear, lehengas, men's ethnic wear, children's ethnic wear, and value fashion products such as fusion wear and western wear for women, men, and children. Sai Silks has four different store formats: Kalamandir: It provides current ethnic apparel for the middle class, including sarees in Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Funding capital expenditure towards setting up 25 new stores. Funding capital expenditure towards setting-up of two warehouses. Funding the working capital requirements of the company. Repayment or pre-payment, in full or part, of certain borrowings availed by the company. General corporate purposes.
The book-running lead managers to the offer are: Motilal Oswal Investment Advisors Ltd Hdfc Bank Ltd Nuvama Wealth Management Ltd
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