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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. 

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-0.06 -1.25%
8:31am EDT