Feb 12, 2013, 04.56 PM IST | Source: Moneycontrol.com

Subscribe to Sai Silk Kalamandir IPO, says Magnum Research

Magnum research has come out with its report on "Sai Silk (Kalamandir) IPO". The research firm, recommends to subscribe to this issue for special case of safety net scheme opted by the company as per SEBI guidelines.

Magnum research has come out with its report on "Sai Silk (Kalamandir) IPO". The research firm, recommends to subscribe to this issue for special case of safety net scheme opted by the company as per SEBI guidelines.

The company majorly in the business of retailing of sarees under the brand names of "KALAMANDIR", "MANDIR" & "VARAMAHALAKSHMI".
The company Founded in 2005 as a partnership firm and later converted into a public limited company in 2009, Sai Silks (Kalamandir) Limited. The company is engaged in primarily a saree retailing with its presence in the states of Andhra Pradesh, Karnataka and Tamil Nadu.

The company is presently engaged in retail offering of the following products to all the segments: a. Sarees, b. Women's dress materials and readymades, c. Men's wear, d. Kid's wear, e. Gold Jewellery and Silver articles.

The company operates fifteen retail stores out of which six are in Bangalore, five in Hyderabad, one each in Guntur, Vijayawada, Hanamkonda and Kanchi. These fifteen showrooms are spread over more than 129,035 square feet.

The company also has a 2MW wind mill unit located in Kurnool district of Andhra Pradesh. The wind mill unit commenced operations during FY 10-11.

We recommend to Subscribe to this Issue for special case of Safety Net scheme opted by the Company as per SEBI guidelines.( The retail investor of max 1000 shares wont loss the money if there are no gains as per the scheme.)

India's total textile and apparel industry size (Domestic + Exports) is estimated to be Rs 4,18,000 cr (USD 89 billion) in 2011 and is projected to grow at a CAGR of 9.5% to reach Rs 10,50,000 cr (USD 223 billion) by 2021.Indian domestic apparel market is estimated to be around Rs 190,000 cr and is expected to grow at a CAGR of 9% to reach around Rs 462,000 cr by 2021. Currently menswear is the biggest segment of the apparel market; however kids wear and women's wear are growing faster than men's segments. Kids wear (Girls) has the highest growth rate. In 2011 the men's apparel market stood at Rs 80,950 cr (43% of the total apparel market size), followed closely by the women's
apparel market at Rs 72,040 cr.

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To read the full report click here

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