The one of the largest retailers of ethnic apparel company Sai Silk Kalamandir IPO will be hit the market 20 September 2023 and closes on 22 September 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1201.00 crore through IPO. The company will issue fresh shares of ₹600.00 crores through this IPO and will issue shares through offer for sale of o ₹601.00 crores.
The company has reserved 50% for QIB, 15% for retail and 35% for NII in this IPO.
Sai Silks (Kalamandir) Limited is one of the largest apparel retailers in South India, offering products across value fashion and ethnic apparel. Under its aegis, The group has 4 popular and well-established brands – Kalamandir, Kancheepuram Varamahalakshmi Silks, Brand Mandir and KLM Fashion Mall. You can check Sai Silks IPO GMP here.
The company products focus on spreading India’s vibrant culture, traditions and heritage by offering a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, as well as 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.
| Read also: Upcoming IPO List 2023 |
The company share of organized retailing in apparel has increased from 14% in Fiscal 2007 to 32% in Fiscal 2020. The stores are present across four states – Telangana, Karnataka, Andhra Pradesh and Tamil Nadu. Starting with a single store of 3,213 sq.ft retail area back in 2005, the group now risen to be a 46-store entity (as of October’ -21) with a total retail area of 6,00,000+ sq.ft.
The company operations through our first ‘Kalamandir’ store in 2005 at Hyderabad, Telangana with a store size of 3,213 square feet and have over the years expanded to 46 stores in four south Indian states, i.e., Andhra Pradesh, Telangana, Karnataka and Tamil Nadu, with an aggregate area of approximately 550,815 square feet, as of May 31, 2022.
As of May 31, 2022, our average store size, calculated on the basis of our operating stores, is 12,811 square feet for our Kalamandir format stores, 3,400 square feet for our Mandir format stores, 5,972 square feet for our VaraMahalakshmi format stores and 18,700 square feet for our KLM Fashion Mall format stores. you can check Sai Silk Kalamandir IPO Subscription Status here.
Object Of the Issue :
- Funding capital expenditure towards setting-up of 25 new stores (“New Stores”);
- Funding capital expenditure towards setting-up of two warehouses;
- Funding working capital requirements of our Company;
- Repayment or pre-payment, in full or part, of certain borrowings availed by our Company; and
- General corporate purposes
Company Strengths :
- Among the leading ethnic wear 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.
Sai Silk Kalamandir IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹97.59 Cr ₹222 Per Shares 8.11 27.37x 27.96 % 24.56 % 23.55 % 0.87 ₹33.02 ₹1220.45 Cr ₹3404.73 Cr 95.23 % 60.80 % |
| Team Review : | ✔ Apply For Long Term |
Sai Silk Kalamandir IPO Date & Price Band & Details :
| IPO Open : | 20 September 2023 |
| IPO Close : | 22 September 2023 |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹210 – ₹222 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1201.00 Cr {54,099,027 Shares} |
| Fresh Issue : | ₹600.00 Cr {27,027,027 Shares} |
| Offer For Sale : | ₹601.00 Cr {27,072,000 Shares} |
Sai Silk Kalamandir IPO Market Lot :
Sai Silk Kalamandir IPO Minimum Market lot is 1 Lot with 67 shares with ₹14,874 Application amount. The retail investors can apply up to 13 lots with 871 Shares or ₹193,362 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 67 | ₹14,874 |
| Retail Maximum : | 13 | 871 | ₹193,362 |
| S-HNI Minimum : | 14 | 948 | ₹208,236 |
| S-HNI Maximum : | 67 | 4,489 | ₹996,558 |
| B- HNI Minimum : | 68 | 4,556 | ₹1,011,432 |
Sai Silk Kalamandir IPO Shares Offer :
A Total of 54,099,027 shares are to be bid for the public issue by Sai Silk Kalamandir IPO with 27,027,027 for Fresh issue and 27,072,000 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 27,027,027 | ₹600.00 Cr |
| Offer For Sale : | 27,072,000 | ₹601.00 Cr |
| Total : | 54,099,027 | ₹1201.00 Cr |
Sai Silk Kalamandir IPO Reservation :
Sai Silk Kalamandir IPO Total Reservation of 54,099,027 shares are to be bid for the public issue by Sai Silk Kalamandir IPO with 27,049,514 for QIB and 8,114,854 for NII 18,934,659 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 27,049,514 | ₹600.50 Cr |
| NII : | 15% | 8,114,854 | ₹180.15 Cr |
| RII : | 35% | 18,934,659 | ₹420.35 Cr |
| Total : | 100% | 54,099,027 | ₹1201.00 Cr |
Sai Silk Kalamandir IPO EPS :
The Sai Silk Kalamandir company’s EPS growth is increasing every year, which is shown to you in the table here.
| Year | EPS | RoNW | NAV |
|---|---|---|---|
| 2023 | ₹8.11 | 24.56% | ₹33.02 |
| 2022 | ₹4.79 | 19.19% | ₹24.99 |
| 2021 | ₹0.43 | 2.11% | ₹20.19 |
Sai Silk Kalamandir IPO Peer Comparison PE :
The Sai Silk Kalamandir, According to DRHP of the company only few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Vedant Fashions Limited | 84.55 |
| 2. | TCNS Clothing Co. Limited | N/A |
| 3. | Go Fashion (India) Limited | 148.46 |
| 4. | Aditya Birla Fashion and Retail Limited | N/A |
| 5. | Shoppers Stop Limited | N/A |
| 6. | Trent Limited | 405.17 |
Sai Silk Kalamandir IPO Dates :
Sai Silk Kalamandir IPO Date is 20 September 2023 and closes on 22 September 2023. The allotment will be finalized on 27 September 2023 and the IPO may list on 04 October 2023.
| Anchor Date : | 19 September 2023 |
| Open Date : | 20 September 2023 |
| Close Date : | 22 September 2023 |
| Allotment Date : | 27 September 2023 |
| Refund Date : | 29 September 2023 |
| Share Credit Date : | 03 October 2023 |
| Listing Date : | 04 October 2023 |
Sai Silk Kalamandir IPO Form :
There are two ways to apply in Sai Silk Kalamandir IPO. You can apply for Sai Silk Kalamandir IPO through ASBA available in your bank account. You have to go to your online bank login and select Sai Silk Kalamandir IPO in the Invest section and apply through your bank account. Another option is you can apply for Sai Silk Kalamandir IPO through IPO form download through NSE and BSE. See the Sai Silk Kalamandir IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Sai Silk Kalamandir Company Financial Report (Crores) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹1,358.92 | ₹1,225.35 | ₹97.59 |
| 2022 | ₹1,133.02 | ₹1,055.73 | ₹57.69 |
| 2021 | ₹679.10 | ₹671.79 | ₹5.13 |
Company Promoters :
■ Ravindra Vikram Mamidipudi
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Sai Silk Kalamandir IPO Lead Managers :
■ Motilal Oswal Investment Advisors Limited
■ Edelweiss Financial Services Limited
■ HDFC Bank Limited
Sai Silk Kalamandir IPO Registrar :
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093
Telephone: 022 62638200
E-mail: [email protected]
Investor Grievance e-mail:
[email protected]
Website: www.bigshareonline.com
Note: Check Sai Silk Kalamandir IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1,
Bathina Apartments,
Ameerpet, Hyderabad 500 016
Telangana, India
Telephone: +91 40 6656 6555
E-mail: [email protected]
Website: www.sskl.co.in
Sai Silk Kalamandir IPO FAQs :
What is Sai Silk Kalamandir IPO?
Sai Silk Kalamandir IPO is Mainboard IPO. They are going to raise ₹1201.00 Crores via IPO. The issue is priced at ₹210-₹222 per equity share. The IPO is to be listed on NSE, BSE.
When Sai Silk Kalamandir IPO will open?
The IPO is to open on 20 Sep – 22 Sep for QIB, NII & RII.
What is Sai Silk Kalamandir IPO Size?
Sai Silk Kalamandir IPO size is ₹1201.00 Crores.
What is the Fresh issue size of Sai Silk Kalamandir IPO?
The Fresh issue size of Sai Silk Kalamandir IPO ₹600.00 Cr.
What is the Offer For Sale size of Sai Silk Kalamandir IPO?
The Offer For Sale size of Sai Silk Kalamandir IPO ₹601.00 Cr.
What is Sai Silk Kalamandir IPO Price Band?
Sai Silk Kalamandir IPO Price Band is ₹210-₹222 Per share.
What is Sai Silk Kalamandir IPO Minimum and Maximum Lot Size?
The minimum 67 Shares with ₹14,874 amount while the maximum 871 shares with ₹193,362.
What is Sai Silk Kalamandir IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Sai Silk Kalamandir IPO Allotment Date?
Sai Silk Kalamandir IPO allotment date is 27 September 2023.
What is Sai Silk Kalamandir IPO Listing Date?
Sai Silk Kalamandir IPO listing date is 04 October 2023. The IPO to list on NSE, BSE.
How to Apply the Sai Silk Kalamandir IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Sai Silk Kalamandir IPO”. 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.
How to Apply the Sai Silk Kalamandir IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Sai Silk Kalamandir IPO”. 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.
How to Apply the Sai Silk Kalamandir IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Sai Silk Kalamandir IPO”. 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.
How to Apply the Sai Silk Kalamandir IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Sai Silk Kalamandir IPO”. 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.
| Sai Silk Kalamandir IPO GMP: Click Here Sai Silk Kalamandir IPO Subscription: Click Here Sai Silk Kalamandir IPO Allotment: Click Here Sai Silk Kalamandir IPO Listing: Click Here |
All Sai Silk Kalamandir IPO-related links are available here. If you want to know the details then click on Click Here Link.
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