This entry is part 5 of 8 in the series IPO

Sai Silk (Kalamandir) Ltd IPO open for Subscription on Feb. 11, 2013 and close on Feb. 13, 2013. This IPO provide Safty Net Scheme for Retail Investor. Price Band of Issue 70 to 75 , Bid lot 200 each.

 

Recommendation : Apply for this IPO. If Rate goes down then you can surrender your Share to Promoters. Take benefit from Safety Net Mechanism. It’s win win situation, It’s a risk free investment (for six months) nothing to loose any money, Your capital is secure.

Overview

Business Overview

Sail Silk Ltd is majorly in business of retailing of sarees under brand name of “KALAMANDIR” , “MANDIR” & ” VARAMAHALAKSHMI”. The company started as a retailer of sarees in Hyderabad  in Aug., 2005. As on date they operate 15 retail outlet across south India. The company is presently engaged in retail offering of the following products to all the segments  :

 

  • Sarees
  • Women Dress Materials & Readymades
  • Men’s Wear
  • Kid’s Wear
  • Gold Jewellery & Silver articles

 

Object of Issue

The object of Issue are as  follows

  • Setting up of Retail Outlets
  • Expenses to be incurred for Brand promotion
  • Pre-payment of Term loan facility
  • Meeting long-term loan facility
  • Meeting long-term working capital Requirement

 

Safty Net Scheme

Under Safty Net Scheme, if the market value of the shares falls below the issue price at any time during the Scheme  period, promoters would buyback shares at the sale price from original investor.  The promoters of the issuer company have provided Safty Net Mechanism, under which they have offer to purchase up to a maximum 1000 shares per Original Resident Retail Individual Allottees at the issue price within a period of 6 months from the date of allotment in case the market price of share falls below the issue price.

Issue Details

Issue OpenMonday 11 Feb, 2013
Issue CloseWednesday 13 Feb, 2013
Issue Size 89 Cr.
Price BandRs. 70 - Rs. 75
Bid Lot200 Equity Shares
Cheque in Favour of (Retail Investor)SKKL - Escrow Account - R
Registrar of IssueBigshare Services Pvt. Ltd
IPO GradeGrade 2 by ICRA (Indicate below average Fundamental)

Bankers : HDFC Bank , ICICI Bank,   SBI

No. of SharesPrice per ShareCheque Amount (Rs)
No. of SharesPrice per ShareCheque Amount (Rs)
2007515000
4007530000
6007545000
8007560000
10007575000
12007590000
140075105000
1600751,20,000
1800751,35,000
2000751,50,000
2200751,65,000
2400751,80,000
2600751,95,000

Subscription Data

CategoryNo Share OfferNo of Share Bid forNo of time subscribe
13 FEB 2013
I - QIB12,71,42000
II- Non Inst. Investor44,49,97019,30,8000.43
III - Retail Investor69,92,81091,45,0001.31
Total1,27,14,20091,45,0000.87
12 FEB 2013
I - QIB12,71,4200000
II - Non Insti. Investor44,49,97036,4000.01
III- Retail Investor69,92,81075,57,8001.08
Total1,27,14,20075,94,2000.60
11 FEB 2013
I - QIB12,71,42000
II - Non Insti. Investor44,49,97000
III - Retail Investor 69,92,81063,64,0000.91
Total1,27,14,20063,64,0000.50

Allotment Listing

Registrar of Issue  : Bigshare Services Pvt Ltd

Listing                         : NSE & BSE

RajendraIPOSai Silk (Kalamandir) Ltd IPO open for Subscription on Feb. 11, 2013 and close on Feb. 13, 2013. This IPO provide Safty Net Scheme for Retail Investor. Price Band of Issue 70 to 75 , Bid lot 200 each.   Recommendation : Apply for this IPO. If Rate goes down then...Investment you need