The Sai Silks Kalamandir IPO date has been confirmed from September 20 and ended on September 22 .
The Sai Silks Kalamandir IPO date has been announced; the IPO will go public on September 20 and close on September 22. Sai Silks Kalamandir IPO will generate approximately 1201 crores through an IPO that includes a fresh issue of 600 crores and an offer for sale of up to 27,072,000 equity shares at a price of 2 apiece. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
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Bidding Dates
September 20 – 22 ,2023
Price Range
₹210 to ₹222 per share
Face Value
₹2 per share
GMP
₹7
Sai Silks Kalamandir IPO GMP
The Sai Silks Kalamandir IPO GMP is ₹[7].
IPO Overview
The IPO of Sai Silks (Kalamandir) raised a total of Rs 1,201.00 crores through a book built issue. This consisted of a fresh issue of 2.7 crore shares worth Rs 600.00 crores and an offer for sale of 2.71 crore shares worth Rs 601.00 crores. The bidding for Sai Silks (Kalamandir) IPO commenced on September 20, 2023, and concluded on September 22, 2023. The allotment for the IPO was finalized on Wednesday, September 27, 2023. The shares were then listed on both the BSE and NSE on the same day. The price band for Sai Silks (Kalamandir) IPO was set at ₹210 to ₹222 per share. Retail investors were required to apply for a minimum lot size of 67 shares, with a minimum investment amount of ₹14,874. For sNII, the minimum lot size investment was 14 lots (938 shares), totaling ₹208,236, while for bNII, it was 68 lots (4,556 shares), amounting to ₹1,011,432.
Sai Silks Kalamandir IPO Date & Price Band Details
| IPO Open: | September 20, 2023 |
| IPO Close: | September 22, 2023 |
| IPO Size: | Approx ₹1201 Crores |
| Fresh Issue: | Approx ₹600 Crores |
| Offer for Sale: | Approx 27,072,000 Shares |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹210 to ₹222 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Sai Silks Kalamandir IPO Market Lot
The Sai Silks Kalamandir IPO minimum market lot is 67 shares with ₹14,874 application amount. The retail investors can apply up-to 13 lots with 871 shares or ₹193,362 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 67 | ₹14,874 |
| Retail Maximum | 13 | 871 | ₹193,362 |
| S-HNI Minimum | 14 | 938 | ₹208,236 |
| B-HNI Minimum | 68 | 4556 | ₹1,011,432 |
Sai Silks Kalamandir IPO Allotment and Listing Dates
| Anchor Investors Allotment: | September 18, 2023 |
| IPO Open Date: | September 20, 2023 |
| IPO Close Date: | September 22, 2023 |
| Basis of Allotment: | September 27, 2023 |
| Refunds: | September 29, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
Sai Silks Kalamandir IPO Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2021 | ₹679 | ₹672 | ₹5.13 |
| 2022 | ₹1133 | ₹1056 | ₹57.69 |
| 2023 | ₹1359 | ₹1225 | ₹97.59 |
Sai Silks Kalamandir IPO Valuation – FY2023
Check Sai Silks Kalamandir IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.11 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.56% |
| Net Asset Value (NAV): | ₹33.02 per Equity Share |
Company Profile
Sai Silks (Kalamandir) has established itself as a prominent player in the ethnic garments industry, particularly sarees, in southern India. Their strong presence in the market is evident from their impressive revenues and profit after tax in Fiscal 2019, 2020, and 2021. To cater to a wide range of customers, Sai Silks offers their products to various market segments. They have strategically positioned themselves in premium ethnic fashion, ethnic fashion for middle-income individuals, and value-fashion. This is made possible through their four distinct store formats, namely Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion
Mall. Each store format offers a diverse range of products across different price points, ensuring that they meet the needs and preferences of customers from all market segments. With a network of 46 stores as of May 31, 2022, Sai Silks leverages their extensive store network to not only generate revenue but also to promote and preserve India’s rich culture, traditions, and heritage. They achieve this by offering a wide variety of products, including lehengas, men’s ethnic wear, children’s ethnic wear, fusion wear, and western wear for women, men, and children. This allows customers to embrace and celebrate India’s vibrant culture through their clothing choices.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com |
Contact Details
| Name | Sai Silks Kalamandir |
| Phone number | +91 40 6656 6555 |
| Email ID | secretarial@sskl.co.in |
| Website | https://sskl.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
