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News Details

14/09/2023 13:50

Sai Silks (Kalamandi announces launch of initial public offering

Sai Silks (Kalamandir) Ltd. has announced public offering of 54099026 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 220.00 per share. The gross proceeds of the issue are expected to be Rs 1,20,099.84 lakhs.

The company's initial public offer (IPO) will open on 20 September 2023 and is expected to close on 22 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 210.00-222.00 per share.

The IPO includes a fresh Issue of 54099026 Equity Shares of the Company at an price of Rs 222.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 67 shares with bids in multiples of 67.

Sai Silks (Kalamandir) Ltd. anticipates using the proceeds of the issue for .

HDFC Bank Limited,Motilal Oswal Investment Advisors Pvt. Ltd.,Nuvama Wealth Management Ltd. as lead manager(s) & Bigshare Services Private Limited. is the registrar, to the issue.