Regulatory12 May 2026, 09:01 pm
Sai Silks: IPO Proceeds Utilisation Report for Q4 FY26
AI Summary
Sai Silks (Kalamandir) Ltd has filed a monitoring agency report on the utilisation of IPO proceeds for the quarter ended March 31, 2026. The report, issued by CARE Ratings Ltd, confirms no deviation from the stated objectives of the IPO. The IPO, which occurred between September 20-22, 2023, involved a fresh issue of 2,70,27,027 equity shares at ₹222 per share, raising ₹600 crore. CARE Ratings declares that the report provides an objective view based on information provided by the issuer and believed to be accurate.
Key Highlights
- Sai Silks reports on IPO proceeds utilisation for quarter ended March 31, 2026.
- CARE Ratings finds no deviation from IPO objectives.
- IPO raised ₹600 crore through fresh issue of equity shares.
- Report is based on information provided by Sai Silks and believed to be reliable.
- CARE Ratings confirms no conflict of interest in monitoring the IPO proceeds.
Price Impact
More from KALAMANDIR