Sai Silks (Kalamandir) Limited
- IPO Date20 Sep, 2023 to 22 Sep, 2023
- Listing Date27 Sep, 2023
- Face Value₹2 per share
- Issue Price₹210 to ₹222 per share
- Lot Size67 Shares
- Minimum Investment₹14,874
- Listing AtBSE, NSE
- Total Issue Size5,40,99,027 Shares
(aggregating up to ₹1201.00 Cr) - Fresh Issue2,70,27,027 Shares
(aggregating up to ₹600.00 Cr)
- Offer for Sale2,70,72,000 Shares
(aggregating up to ₹601.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue12,63,39,085
- Shareholding post issue15,33,66,112
IPO Dates
Closing Date
22 Sep, 2023
Initiation of Refunds
03 Oct, 2023
Listing Date
27 Sep, 2023
20 Sep, 2023
Opening Date
27 Sep, 2023
Basis of Allotment
03 Oct, 2023
Credit of Shares
Sai Silks (Kalamandir) Limited Lot Size
Investors can bid for a minimum of 67 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Promoter Holding
The promoters of the company are Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95.23% | 60.8% |
Key Performance Indicator
Sai Silks (Kalamandir) IPO Market Cap is Rs 3404.73 Cr and P/E (x) is 27.37.
| KPI | Values |
|---|---|
| ROE | 27.96% |
| ROCE | 23.55% |
| RoNW | 24.56% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 27.37 | 8.11 |
| P/E (x) | 27.37 | 8.11 |
Sai Silks (Kalamandir) Limited COMPANY INFORMATION
Sai Silks (Kalamandir) IPO is a book built issue of Rs 1,201.00 crores. The issue is a combination of fresh issue of 2.7 crore shares aggregating to Rs 600.00 crores and offer for sale of 2.71 crore shares aggregating to Rs 601.00 crores. Sai Silks (Kalamandir) IPO bidding started from September 20, 2023 and ended on September 22, 2023. The allotment for Sai Silks (Kalamandir) IPO was finalized on Wednesday, September 27, 2023. The shares got listed on BSE, NSE on September 27, 2023. Sai Silks (Kalamandir) IPO price band is set at ₹210 to ₹222 per share. The minimum lot size for an application is 67 Shares. The minimum amount of investment required by retail investors is ₹14,874. The minimum lot size investment for sNII is 14 lots (938 shares), amounting to ₹208,236, and for bNII, it is 68 lots (4,556 shares), amounting to ₹1,011,432. Motilal Oswal Investment Advisors Limited, Hdfc Bank Limited and Nuvama Wealth Management Limited are the book running lead managers of the Sai Silks (Kalamandir) IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Sai Silks (Kalamandir) IPO RHP for detailed information.
Incorporated in 2005, 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:
- 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.
- 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.
- 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.
- 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 July 31, 2023, the company has over 54 stores in four south Indian states namely Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, with an aggregate area of approximately 603,414 square feet. The company recorded Rs. 13,514.69 million, Rs. 11,293.23 million, and Rs. 6,772.48 million in revenue from operations in the fiscal 2023, 2022, and 2021 respectively.
FAQs About Sai Silks (Kalamandir) Limited
Sai Silks (Kalamandir) Limited will open on 20 Sep, 2023 and close on 22 Sep, 2023. Investors must apply within this period to participate.
The Sai Silks (Kalamandir) Limited price band is set between ₹210.00 and ₹222.00 per share. The minimum lot size is 67, requiring an investment of at least ₹14874.00.
The Sai Silks (Kalamandir) Limited shares are expected to be listed on 27 Sep, 2023, subject to regulatory approvals and final allotment.
You can track your Sai Silks (Kalamandir) Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sai Silks (Kalamandir) Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.