JSA acts on Sai Silks (Kalamandir) IPO

Sai Silks (Kalamandir) Limited has made an initial public offering (IPO) of equity shares aggregating to ₹12,009.98 million, which comprises a Fresh Issue of ₹6,000 million and an Offer for Sale of ₹6,009.98 million.

JSA advised Sai Silks (Kalamandir) in this IPO.

The transaction team consisted of Madhurima Mukherjee Saha (Lead Partner), Shivali Singh (Principal Associate), Rishika Kharbanda (Associate) and Shristi Kanchan (Associate).

Sai Silks (Kalamandir) is amongst the top 10 retailers of ethnic apparel, particularly sarees, in South India in terms of revenues and profit after tax in Fiscal 2020, 2021 and 2022 (Source: Technopak Report) and offers their products to various segments of the market that include premium ethnic fashion, ethnic fashion for middle income and value-fashion.

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