Sai Silks news and archive

Scotts Garments withdraws IPO due to timid response

After Sai Silks, readymade fashion garments manufacturer Scotts Garments has withdrawn its initial public offering owing to poor subscription response despite its low price band and extension of subscription period. The company extended the issue’s closing date to May 3 from April 29, 2013 earlier. It also lowered the price band to Rs 118-120...

Apparel

Sai Silks to expand footprint in south India

Sai Silks (Kalamandir), a Hyderabad-based retailer of women’s, kids and men’s wear, intends to expand its retail network by opening four new showrooms – one each at Hyderabad, Nizamabad, Vijayawada and Chennai – with a total investment of around Rs 13 crores. The eight-year-old company currently operates 16 outlets across Andhra Pradesh, Tamil...

Apparel

Sai Silks plans IPO

Sai Silks, a well known retailer of saris in south India that sells under the brand name Kalamandir, has filed a draft red herring prospectus with market regulator SEBI for its initial public offering of Rs 102 crores. The issue is being made through a 100 per cent book building process. The issue proceeds are proposed to be utilized for setting...