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%.
In terms of revenues and profit after tax in Fiscal 2019, 2020, and 2021, Sai Silks (Kalamandir) is one of the major merchants of ethnic garments, notably sarees, in south India. They offer our products to various market segments, including premium ethnic fashion, ethnic fashion for middle income, and value-fashion, through their four store formats, Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, with a variety of products across different price points, thereby catering to customers across all market segments.
They leverage their store network of 46 stores as of May 31, 2022, to focus on spreading India’s vibrant culture, traditions, and heritage by offering a diverse range of products such as lehengas, men’s ethnic wear, and children’s ethnic wear, and value fashion products such as fusion wear and western wear for women, men, and children.
The share of organized retailing in clothes has climbed from 14% in Fiscal 2007 to 32% in Fiscal 2020. In its current phase, the market evolution indicates a separate segmentation of organized retail channels for clothes. This stage also marks the birth of category leaders in the Western (formal and casual), Indian, and athleisure categories. Historically, the ethnic retail trade of sarees was dominated by unorganized operators in tiny format stores with very few organized players.
Their founders recognised the opportunity and began operations in 2005 to fill a market vacuum. Today, they have one of the most diverse portfolios of saree SKUs among Indian women’s apparel manufacturers. Featuring huge retail establishments that offer customers a wide range of ethnic dress options at varying pricing points.
Sai Silks Kalamandir believes that our stores offer a unique experience and customer service, which, when paired with their inventory and range of SKUs, enables them to attract and retain a rising client base that, as of May 31, 2022, surpassed over 5.00 million people in India.
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 |
Objects of the Issue
- Funding capital expenditure towards setting-up of two warehouses.
- Funding the working capital requirements of the company.
- Repayment or pre-payment, in full or part, of certain borrowings availed by the company.
- General corporate purposes.
Sai Silks Kalamandir IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Sai Silks Kalamandir IPO Allotment & Listing Dates
The Sai Silks Kalamandir IPO date is September 20 and the close date is September 22. The Sai Silks Kalamandir IPO allotment will be finalized on September 27 and the IPO listing on October 4.
| 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 Form
How to apply for the Sai Silks Kalamandir IPO? –> You can apply for the Sai Silks Kalamandir IPO using your bank account’s ASBA. Simply go in to your online bank and apply through your bank account by selecting the Sai Silks Kalamandir IPO in the Invest section. You can also apply for the Sai Silks Kalamandir IPO by downloading IPO forms from the NSE and BSE. Examine the Sai Silks Kalamandir shapes.
Sai Silks Kalamandir 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 |
Peer Group
- Vedant Fashions Limited
- TCNS Clothing Co. Limited
- Go Fashion (India) Limited
- Aditya Birla Fashion and Retail Limited
- Shoppers Stop Limited
- Trent Limited
Sai Silks Kalamandir IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Company Address
Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1
Bathina Apartments, Ameerpet
Hyderabad – 500 016
Phone: +91 40 6656 6555
Email: [email protected]
Website: https://sskl.co.in
Company Promoters
- Nagakanaka Durga Prasad Chalavadi
- Jhansi Rani Chalavadi
Sai Silks Kalamandir IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Hdfc Bank Limited
- Nuvama Wealth Management Limited
Sai Silks Kalamandir IPO FAQs:
Q1. What is Sai Silks Kalamandir IPO?
Ans. Sai Silks Kalamandir IPO is a main-board IPO. They are going to raise ₹1201 Crores via IPO. The issue is priced at ₹210 to ₹222 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Sai Silks Kalamandir IPO will open?
Ans. The IPO is to open on September 20, 2023 for QIB, NII, and Retail Investors.
Q3. What is Sai Silks Kalamandir IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Sai Silks Kalamandir IPO?
Ans. You can apply for Sai Silks Kalamandir IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Sai Silks Kalamandir IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sai Silks Kalamandir”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Sai Silks Kalamandir IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sai Silks Kalamandir”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Sai Silks Kalamandir IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Sai Silks Kalamandir”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Sai Silks Kalamandir IPO Size?
Ans. Sai Silks Kalamandir IPO size is ₹1201 crores.
Q9. What is Sai Silks Kalamandir IPO Price Band?
Ans. Sai Silks Kalamandir IPO Price Band is ₹210 to ₹222.
Q10. What is the Sai Silks Kalamandir IPO Allotment Date?
Ans. Sai Silks Kalamandir IPO allotment date is September 27, 2023.
Q11. What is the Sai Silks Kalamandir IPO Listing Date?
Ans. Sai Silks Kalamandir IPO listing date is October 4, 2023. The IPO is to list on BSE and NSE.
