Sai Silks files IPO draft papers with Sebi; eyes up to Rs 1,200 cr

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Motilal Oswal Investment Advisors, Edelweiss Financial Services and HDFC Bank are the book-running lead managers to the issue.The equity shares are proposed to be listed on BSE Limited and National Stock Exchange (India) Limited.Sai Silks is one of the leading retailers of ethnic apparel, particularly sarees, in south India in terms of revenues and profit after tax in fiscal 2019, 2020 and 2021.