Home / Knowledge / News / Textiles / Sai Silks files for Rs. 102 crore IPO
Sai Silks files for Rs. 102 crore IPO
Jun '11
Sai Silks, popular in south India for its Kalamandir brand of saris, has filed a draft red herring prospectus for an initial public offering (IPO) of Rs. 102 crore with market regulator SEBI.

The proceeds of the IPO, being made through a 100 percent book building process, will be utilized by the company for meeting its working capital requirement, brand promotion, setting up new retail outlets, and pre-payment of term loan facility.

Currently, the company has a network of 12 retail stores spread across all of south India. These include its showrooms in prime locations of Hyderabad and at Jayanagar and Malleshwaram in Bangalore. These stores offer a collection of intricately designed, woven and embroidered saris.

Since 2005, Kalamandir has kept some of the best weaving traditions alive in the country. The brand has been offering handloom and traditional silk saris woven by master craftsmen from all over India.

Unusual prints, lively splashes of colour, awesome brocades, and bead and sequin work can be seen on zari, chiffon, bhandej, Kanjeevaram, Banarasi, and georgette saris offered by the brand.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 16th Jan 2017

India’s WPI inflation rises to 3.39% in December 2016

India’s annual rate of inflation, based on monthly wholesale price...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Textiles | On 16th Jan 2017

Producing contamination free cotton biggest task: CCI

Producing contamination free cotton is the biggest task for the...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search