Issue Price: Rs. 70 - Rs. 75 Per Equity Share

Issue Detail:
Issue Open: Feb 11, 2013 - Feb 13, 2013
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 89.00 Crore
Face Value: Rs. 10 Per Equity Share
Market Lot: 200 Shares
Minimum Order Quantity: 200 Shares
Listing At: BSE, NSE

Incorporated in 2005, Sai Silks (Kalamandir) Ltd is in the business of retailing of sarees under the brand name of Kalamandir , Mandir and Varmahalakshmi. Company has a mainly presence in south India with network of 12 retail outlets. Sai Silks (Kalamandir) mainly focus on Women’s Ethnic wear.

Company's ranges of products are:
1. Sarees
2. Women’s dress materials
3. Men’s wear
4. Kid’s wear
5. Gold Jewellery & Silver Jewellery

Currently, they sell different varieties of sarees for different occasions and ready-made apparels for women, men and kids in their retail outlets. Sale of gold jewellery in their retail outlets under franchise model with its group concern Sai Swarnamandir Jewellers Private Limited ("SSJPL").

Company Promoters:
The promoters of the company are:
1. Mr. Chalavadi Naga Kanaka Durga Prasad
2. Mrs. Chalavadi Jhansi Rani

Objects of the Issue:
The object of the issue are to:
1. Setting up of Retail Outlets;
2. Expenses to be incurred for Brand Promotion;
3. Pre-payment of Term Loan facility;
4. Meeting Long Term Working Capital Requirement;
5. General Corporate Purposes; and
6. Issue Expenses.