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IPO tracker: Signature Global, Sai Silks public offers yet to sail through on Day 2. Check details

The Rs 730-crore IPO of Signature Global was subscribed 85% with both retail and NII categories fully booked. The QIB part was subscribed just 8% so far. Meanwhile, Sai Silks offer was subscribed just 12% so far. The part reserved for retail investors was the most subscribed at 20%, followed by NIIs at 10%. There are still no bids in the QIB category. ....

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sai silks ipo review: Sai Silks IPO: Should you subscribe to Rs 1,200 crore public offer?

Sai Silks, which is amongst the top 10 retailers of ethnic apparel, particularly sarees, in South India, is looking to raise Rs 1,201 crore via its initial public offer (IPO). The company has priced its IPO in the range of Rs 210-222 per share. Analysts largely recommend subscribing to the issue. ....

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sai silks' ipo news: Hyderabad-based saree retailer Sai Silks' IPO to open on September 20

The company proposes to utilise net proceeds of the fresh issue towards funding capital expenditure for setting up 30 new stores, two warehouses, to meet working capital requirements, to repay of debt and other general corporate purposes ....

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