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

The initial public offer (IPO) of Hyderabad-based saree retailer Sai Silks opened for subscription today (September 20) and will close on September 22.

Sai Silks is amongst the top 10 retailers of ethnic apparel, particularly sarees, in South India in terms of revenues and profit after tax in FY22.