The famous Saree store Kalamandir has been known to cater to the dressing needs of all age groups and most importantly the ladies. Now it is heard that the store has got a six month challenge. Well, the company Sai Silks is going for an IPO and this public issue is aiming at an investment of Rs 89 crores.
It is heard that the company would be part of the ‘Safety Net’ policy introduced by SEBI. As part of this, any investor who buys 1000 shares from Sai Silks can track it for 6 months and if at the end of it he/she feels dissatisfied about the growth of the share value it can be sold back to the company.
So, it is important for Kalamandir to sustain its brand value and develop the market with its already existing presence. The chances are that if anyone associates with the company they could make a great deal of money out of it. The public issue opens on February 11th and closes on February 14th. We have to see how many chance to mint money in 6 months.
