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Provider: Reuters Investment Profile
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Sai Silks Kalamandir Ltd INR89 Crore (INR890 million) IPO To Open On February 11-CNBC-TV18


Tuesday, 5 Feb 2013 08:08am EST 

CNBC-TV18 reported that Sai Silks Kalamandir, a retailer of sarees, is going to launch its Initial Public Offering (IPO) of INT89 crore (INR890 million) on February 11, 2013, at a price band of INR70-75 per share. Funds raised through the issue are proposed to be used 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. The issue will close on February 13, 2013. Ashika Capital Ltd and Vivro Financial Services Pvt Ltd are book running lead managers to the issue. 

Company Quote

4.75
-0.06 -1.25%
8:31am EDT