Sai Silks (Kalamandir) Ltd
Price Range
₹210 - ₹222
Min. Quantity
67
Closes on
22 September 2023
Min. investment
₹14,874/871 Shares
Sai Silks (Kalamandir) Ltd IPO Timeline
The business of Sai Silks (Kalamandir) Limited was started as a Partnership Firm under the name of 'Sai Silks' on August 10, 2005 with Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi as its Partners. Subsequently, name of the Firm was changed to 'Sai Silks (Kalamandir)' on March 4, 2008 and the status of the Firm further converted into a Private Limited Company vide Certificate of Incorporation dated July 3, 2008 under the name and style of Sai Silks (Kalamandir) Private Limited' from the Registrar of Companies, Andhra Pradesh at Hyderabad. The Company became a Public Limited Company on May 21, 2009 and the name of the Company was changed to Sai Silks (Kalamandir) Limited'.
| Event | Date |
|---|---|
| Sai Silks (Kalamandir) Ltd IPO Opening Date | 20 September 2023 |
| Sai Silks (Kalamandir) Ltd IPO Closing Date | 22 September 2023 |
| Basis of Allotment | 25 September 2023 |
| Initiation of Refunds | 26 September 2023 |
| Credit of Shares to Demat | 26 September 2023 |
| Sai Silks (Kalamandir) Ltd IPO Listing Date | 27 September 2023 |
Sai Silks (Kalamandir) Ltd IPO Details
| Sai Silks (Kalamandir) Ltd IPO Date | 20 September 2023 to 22 September 2023 |
| Sai Silks (Kalamandir) Ltd IPO Face Value | ₹2 per share |
| Sai Silks (Kalamandir) Ltd IPO Price | ₹210 to ₹222 per share |
| Sai Silks (Kalamandir) Ltd IPO Lot Size | 67 |
| Issue Size | Shares of ₹2 (aggregating up to ₹1,201 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹600 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹601 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,06,64,594 of the Net Offer |
| Retail Shares Offered | Not less than 1,94,75,200 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 83,46,515 of the Net Offer |
| Company Promoters | Nagakanaka Durga Prasad Chalav, Jhansi Rani Chalavadi |
Sai Silks (Kalamandir) Ltd IPO Lot Size
The Sai Silks (Kalamandir) Ltd IPO lot size is 67 shares. A retail-individual investor can apply for up to 13 lots (871 shares or ₹1,93,362).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 67 | ₹14,874 |
| Maximum | 13 | 871 | ₹1,93,362 |
- Strengths
- Risks
- Opportunities
- Among the leading ethnic and value-fashion retail company in south India having a portfolio of established formats with focused sales and marketing strategy.
- Leading apparel retail brand in India with a scalable model, which is well positioned to leverage growth in the ethnic and value-fashion apparel industry in India.
- Strong presence in offline and online marketplace with an omni-channel network.
- Track record of growth, profitability, and unit economics with an efficient operating model.
- Experienced Promoter, management, and in-house teams with proven execution capabilities.
Company Financials
Sai Silks (Kalamandir) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,641.64 | 1,397.03 | 100.87 |
| 03-2023 | 1,220.45 | 1,358.92 | 97.59 |
| 03-2022 | 842.49 | 1,133.02 | 57.69 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards setting up of 25 new stores
- Funding capital expenditure towards setting up 2 warehouses
- Funding 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) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 45.1% |
| Post Issue Share Holding | - |
Sai Silks (Kalamandir) Ltd IPO Subscription Status (Bidding Detail)
The Sai Silks (Kalamandir) Ltd IPO is subscribed 4.4 times on 22 September 2023 05:00:00 PM. The public issue subscribed 0.88 times in the retail category, 12.35 times in the QIB category, and 2.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 12.35 | 2.47 | 0.88 | - | 4.4 |
Sai Silks (Kalamandir) Ltd IPO Prospectus
Sai Silks (Kalamandir) Ltd IPO Listing Date
| Listing Date | 27 September 2023 |
| BSE Script | 543989 |
| NSE Symbol | KALAMANDIR |
| Listing In | BSE, NSE |
| ISIN | INE438K01021 |
| IPO Price | ₹222 |
| Face Value | ₹2 |
Company Contact Information
6-3-790/8 Flat No 1Bathina Apartments Ameerpet,Hyderabad-500016
Phone: +91-40-6656 6555
Email: secretarial@sskl.co.in
Website: www.sskl.co.in
Sai Silks (Kalamandir) Ltd IPO Registrar
Sai Silks (Kalamandir) Ltd IPO Lead Manager(s)
- Motilal Oswal Investment Advisors Ltd
- Nuvama Wealth Management Ltd
- HDFC Bank Ltd
FAQ
What is the issue size of Sai Silks (Kalamandir) Ltd IPO?
I have pre-applied for Sai Silks (Kalamandir) Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.