Sai Silks files RHP, eyes Rs 89 cr via IPO
As of March 31, 2012, the co's networth stood at Rs 47.65 cr. Sai Silks's total revenue stood at Rs 262.76 cr and net profit was at Rs 11.69 cr during the same period.
By PTI |
NEW DELHI: Retail firm Sai Silks (Kalamandir) Ltd, today said it has filed initial papers with market regulator Sebi to raise Rs 89 crore through an initial public offering.
"Sai Silks (Kalamandir) Ltd has filed a Red Herring Prospectus ( RHP) with Sebi/ ROC for an IPO to raise Rs 89 crore," the company said in a statement.
The company, which is engaged in the business retailing sarees, women dress materials, men and kids wear, has 15 retail outlets across Hyderabad, Vijayawada, Bangalore and Kanchipuram.
Ashika Capital and Vivro Financial Services are Book Running Lead Managers to the issue.
The equity shares of the company are proposed to be listed on the BSE and the National Stock Exchange.
As of March 31, 2012, the company's networth stood at Rs 47.65 crore. Sai Silks's total revenue stood at Rs 262.76 crore and net profit was at Rs 11.69 crore during the same period.
"Sai Silks (Kalamandir) Ltd has filed a Red Herring Prospectus ( RHP) with Sebi/ ROC for an IPO to raise Rs 89 crore," the company said in a statement.
The company, which is engaged in the business retailing sarees, women dress materials, men and kids wear, has 15 retail outlets across Hyderabad, Vijayawada, Bangalore and Kanchipuram.
Ashika Capital and Vivro Financial Services are Book Running Lead Managers to the issue.
The equity shares of the company are proposed to be listed on the BSE and the National Stock Exchange.
As of March 31, 2012, the company's networth stood at Rs 47.65 crore. Sai Silks's total revenue stood at Rs 262.76 crore and net profit was at Rs 11.69 crore during the same period.
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