IPO
Ethnic apparel retailer Sai Silks Kalamandir's R.1,201-Cr IPO subscribed 4.4x
Hyderabad-headquartered Sai Silks Kalamandir's IPO has been subscribed 4.40 times. It received bids for 16,94,58,544 shares against 3,84,86,309 shares on offer. The retail investors portion was subscribed 88%, receiving bids for 1,71,53,407 shares against 1,94,75,200 shares on offer. The NII (non-institutional investors) portion was subscribed 2.47 times with bids for 2,06,25,481 shares against 83,46,515 on offer and the Qualified Institutional Buyers (QIB) portion was subscribed 12.35 times, receiving bids for 13,16,79,656 shares against 1,06,64,594 shares on offer. Motilal Oswal Investment Advisors Ltd, HDFC Bank Ltd, Nuvama Wealth Management Ltd are the book running lead managers to the offer.
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