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Sai Silks (Kalamandir) Limited
Mainboard₹14,874 / 67 Shares
Sai Silks (Kalamandir) Limited IPO Details
The Sai Silks (Kalamandir) Limited IPO price band is set between ₹210-222 per equity share, with a face value of ₹2 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 20 Sep, 2023 and closes on 22 Sep, 2023. Investors can check the allotment status on 26 Sep, 2023, while the listing date is tentatively scheduled for 27 Sep, 2023.
The total issue size is Total ₹1,201 Cr :#Fresh Issue : 27,027,027 shares, aggregating up to ₹600.00 Cr. Stay tuned for the latest Sai Silks (Kalamandir) Limited IPO review and GMP updates.
Sai Silks (Kalamandir) Limited IPO Review, Rating & Analysis
Sai Silks (Kalamandir) Limited IPO Review
NO REVIEWSai Silks (Kalamandir) Limited IPO Rating
Sai Silks (Kalamandir) Limited IPO Highlights
IPO Date
Sep 20, 2023 - Sep 22, 2023
Listing Date
27 Sep, 2023
Face Value
₹2 Per Equity Share
Price Band
₹210-222 per equity share
Lot Size
67 Shares
Fresh Issue
27,027,027 Shares
Offer for Sale
27,072,000 shares of ₹2
Listing At
BSE, NSE
Sai Silks (Kalamandir) Limited IPO Lot Size
The minimum market lot for Sai Silks (Kalamandir) Limited IPO is 67 shares with an application amount of ₹14,874. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,874 |
| Retail (Max) | 13 | 871 | ₹1,93,362 |
| S-HNI (Min) | 14 | 938 | ₹2,08,236 |
| S-HNI (Max) | 67 | 4489 | ₹9,96,558 |
| B-HNI (Min) | 68 | 4556 | ₹10,11,432 |
Sai Silks (Kalamandir) Limited IPO Timeline
Issue Price
₹210-222 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Motilal Oswal Investment Advisors LimitedHdfc Bank LimitedNuvama Wealth Management LimitedIssue Size
Total ₹1,201 Cr :#Fresh Issue : 27,027,027 shares(aggregating up to ₹600.00 Cr) +
#OFS : 27,072,000 shares of ₹2(aggregating up to ₹601 Cr)
Sai Silks (Kalamandir) Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1220.45 | 1358.92 | 97.59 | - | - | - |
| 31 Mar 22 | 842.49 | 1133.02 | 57.69 | - | - | - |
| 31 Mar 21 | 665.42 | 679.10 | 5.13 | - | - | - |
| 31 Mar 20 | 692.76 | 1178.62 | 42.10 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Nagakanaka Durga Prasad Chalavadi
- Jhansi Rani Chalavadi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.23% | 60.80% |
About Company
Sai Silks (Kalamandir) Limited provides ethnic apparel and value-fashion products.
Inspired by India's vibrant culture, traditions, and heritage, the company offers a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, occasional and daily wear, lehengas, men's ethnic wear, children's ethnic wear and value fashion products comprising fusion wear and western wear for women, men and children.
Sai Silks has four different format stores:
1. Kalamandir: Here it offers contemporary ethnic fashion for the middle income, this includes varieties of sarees, such as Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
2. VaraMahalakshmi Silks: Here it offers premium ethnic silk sarees and handlooms targeting wedding and occasional wear, such as Banarasi, Patola, Kota, Kanchipuram, Paithani, and Organza, Kuppadam, with a focus on handlooms such as Kacheepuram silk sarees.
3. Mandir: Here it offers ultra-premium designer sarees targeting high net worth individuals, such as designer sarees such as Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam.
4. KLM Fashion Mall: Here it offers value fashion at affordable price points, such as fusion wear, sarees for daily wear, and western wear for women, men, and children.
The company also offers its products through e-commerce channels which comprises its website sskl.co.in and other online e-commerce marketplaces.
As of May 31, 2022, the company has over 46 stores in four south Indian states namely Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, with an aggregate area of approximately 550,815 square feet. The company recorded Rs. 11,293.23 million, Rs. 6,772.48 million, and Rs. 11,755.60 million in revenue from operations in the fiscal 2022, 2021, and 2020 respectively.
Sai Silks (Kalamandir) Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
Day 1 -20-09-23 05:00 PM | 0.00 x | 0.04 x x | 0.12 x | 0.07 x |
Day 2 -21-09-23 05:00 PM | 0.50 x | 0.27 0.57 x 0.12 x | 0.27 x | 0.34 x |
Day 3 -22-09-23 05:00 PM | 12.17 x | 2.54 3.03 x 1.57 x | 0.91 x | 4.47 x |
0.52 times
Frequently Asked Questions about Sai Silks (Kalamandir) Limited IPO
When will Sai Silks (Kalamandir) Limited IPO open for subscription?
The Sai Silks (Kalamandir) Limited IPO opens on 20 Sep, 2023 and closes on 22 Sep, 2023.
What is the investors portion for Sai Silks (Kalamandir) Limited IPO?
The investors' portion for QIB is 12.17 x, NII is 3.03 x, and Retail is 0.91 x.
How to apply for Sai Silks (Kalamandir) Limited IPO?
You can apply for Sai Silks (Kalamandir) Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Sai Silks (Kalamandir) Limited IPO?
The issue size of Sai Silks (Kalamandir) Limited IPO is approx ₹Total ₹1,201 Cr :#Fresh Issue : 27,027,027 shares(aggregating up to ₹600.00 Cr) +#OFS : 27,072,000 shares of ₹2(aggregating up to ₹601 Cr) crores.
What is the price band of Sai Silks (Kalamandir) Limited IPO?
The price band for Sai Silks (Kalamandir) Limited IPO is ₹210 to ₹222 per equity share.
What is the lot size of Sai Silks (Kalamandir) Limited IPO?
The minimum bid (lot size) for Sai Silks (Kalamandir) Limited IPO is N/A shares with an investment of approx ₹14,874 .
What is the allotment date of Sai Silks (Kalamandir) Limited IPO?
The allotment date for Sai Silks (Kalamandir) Limited IPO is 26 Sep, 2023.
What is the listing date of Sai Silks (Kalamandir) Limited IPO?
The listing date for Sai Silks (Kalamandir) Limited IPO is expected to be 27 Sep, 2023.
What is the GMP of Sai Silks (Kalamandir) Limited IPO?
The latest Grey Market Premium (GMP) for Sai Silks (Kalamandir) Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
