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Sai Silk Stock: Newly listed company Sai Silk (Kala Mandir) has seen a 35 percent increase in share price in the last 2 months. On November 24, the share price of the company was Rs 298.75. The IPO was launched from September 20 to 22. Then the company’s IPO price band was Rs. 210 to Rs. 222 per share.
Buy it, experts say
Shares of local brokerage firm HDFC Securities Sai Silk seem bullish. The brokerage firm says that the stock can go up to the Rs 385 level. Means if bought this stock can give profit in coming days. Let us tell you that the company was listed in the stock market on September 27 at 231 rupees.
The company is giving 1 share bonus on 1 share, announced on record date
Sai Silk’s IPO size was Rs 1201 crore. An issue of Rs. 600 crores of new shares were issued. While 2.70 crore shares were issued under offer for sale. The company’s IPO was subscribed 4.47 times. The Qualified Institutional Investors category was oversubscribed by 12.17 times.