Sai Silks Kalamandir IPO Details ( Sai Silks Kalamandir Limited IPO Review )
(20 Sep 2023 – 22 Sep 2023)
Sai Silks (Kalamandir) Limited, established in 2005, specializes in offering traditional clothing and affordable fashion products.
Driven by India’s rich culture and heritage, we provide a wide range of products, including high-quality sarees for weddings, parties, special occasions, and everyday wear. Our collection also includes lehengas, ethnic wear for men and children, and value fashion items for women, men, and kids.
We operate four different store formats:
- Kalamandir: This store caters to middle-income customers, offering a variety of sarees like Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka, in contemporary ethnic styles.
- VaraMahalakshmi Silks: Here, we focus on premium silk sarees and handlooms, ideal for weddings and special events. Our collection includes Banarasi, Patola, Kota, Kanchipuram, Paithani, Organza, Kuppadam, and other exquisite handloom sarees.
- Mandir: Targeting high-net-worth individuals, Mandir offers ultra-premium designer sarees. Our designer saree collection includes Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam sarees.
- KLM Fashion Mall: At this store, we provide affordable fashion choices, including fusion wear, daily wear sarees, and western clothing for women, men, and children.
You can also find our products online through our website, sskl.co.in, and other e-commerce platforms.
As of July 31, 2023, we have 54 stores across four South Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, covering a total area of approximately 603,414 square feet. In fiscal year 2023, our revenue from operations amounted to Rs. 13,514.69 million, while in 2022 and 2021, it was Rs. 11,293.23 million and Rs. 6,772.48 million, respectively.
Sai Silks (Kalamandir) Limited IPO Competitive Strength
- 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 Silks Kalamandir IPO Financials Performance ( Results )
Sai Silks Kalamandir Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-20 | 692.76 | 1,178.62 | 42.10 | 3.59 | 231.51 | 208.05 | 164.70 |
| 31-Mar-21 | 665.42 | 679.10 | 5.13 | 0.43 | 242.99 | 218.93 | 217.22 |
| 31-Mar-22 | 842.49 | 1,133.02 | 57.69 | 4.79 | 300.66 | 276.60 | 260.49 |
| 31-Mar-23 | 1,220.45 | 1,358.92 | 97.59 | 8.11 | 397.33 | 373.27 | 345.50 |
Objective of IPO Issue
- Funding capital expenditure towards setting up 25 new stores.
- 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 Basic Details
| IPO Date | Sep 20, 2023 to Sep 22, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Face Value | ₹2 per share |
| Price | ₹210 to ₹222 per share |
| Lot Size | 67 Shares |
| Issue Size | 54,099,027 shares of ₹2 (aggregating up to ₹1,201.00 Cr) |
| Fresh Issue | 27,027,027 shares of ₹2 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 27,072,000 shares of ₹2 (aggregating up to ₹601.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 126,339,085 |
| Share holding post issue | 153,366,112 |
| Company Promoters | Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi |
Sai Silks Kalamandir IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Sai Silks IPO Timetable
Sai Silks IPO will open on September 20, 2023 and close on September 22, 2023. You can join Sai Silks IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 20 September 2023 (Wednesday) |
| Closing Date | 22 September 2023 (Friday) |
| Basis of Allotment | 27 September 2023 (Wednesday) |
| Initiation of Refunds | 29 September 2023 (Friday) |
| Credit of Shares to Demat | 3 October 2023 (Tuesday) |
| Listing Date | 4 October 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 22 September 2023 |
Sai Silks IPO Lot Size
For retail investors in Sai Silks IPO, 67 shares will come in 1 lot or the minimum investment will be ₹14,874. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,362.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 67 | ₹14,874 |
| Retail (Max) | 13 | 871 | ₹193,362 |
| S-HNI (Min) | 14 | 938 | ₹208,236 |
| S-HNI (Max) | 67 | 4,489 | ₹996,558 |
| B-HNI (Min) | 68 | 4,556 | ₹1,011,432 |
Sai Silks IPO Promoter Holding
The company’s promoters include Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi.
| Pre Issue Share Holding | 95.23% |
| Post Issue Share Holding | 60.80% |
Sai Silks Kalamandir Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 3404.73 |
| Earning Per Share (EPS) | ₹8.11 per Equity Share |
| Net Asset Value (NAV) | ₹33.02 per Equity Share |
| P/E Ratio (P/E) (x) | 27.37 |
| Return on Net Worth (RoNW) (%) | 24.56 |
| Return on equity (ROE) (%) | 27.96 |
| Return on Capital Employed (ROCE) (%) | 23.55 |
| Debt/Equity Ratio | 0.87 |
Sai Silks Kalamandir Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Sai Silks (Kalamandir) Limited | Standalone | 2.00 | 8.11 | 27.37 | 24.56 | 33.02 |
| Peer Group | ||||||
| Vedant Fashions Limited | Consolidated | 1.00 | 17.68 | 71.29 | 30.65 | 57.66 |
| TCNS Clothing Co. Limited | Standalone | 2.00 | -2.75 | NM | NM | 99.10 |
| Go Fashion (India) Limited | Standalone | 10.00 | 15.33 | 87.74 | 15.91 | 96.36 |
| Aditya Birla Fashion and Retail Limited | Consolidated | 10.00 | -0.38 | NM | NM | 35.24 |
| Shoppers Stop Limited | Consolidated | 5.00 | 10.51 | 69.34 | 56.30 | 18.79 |
| Trent Limited | Consolidated | 1.00 | 12.51 | 163.76 | 14.78 | 74.91 |
Sai Silks Kalamandir IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 19 September 2023 | ₹0 | – | – |
| 18 September 2023 | ₹0 | – | – |
| 17 September 2023 | ₹0 | – | – |
Sai Silks Kalamandir IPO Detail Video:
link
Sai Silks Kalamandir IPO Subscription Status (Bidding Detail)
The Sai Silks Kalamandir IPO on September 20, 2023 at 10:00:00 AM was subscribed 00.00 times, with the retail category being subscribed 00.00 times, the NII (Non-Institutional Investor) category being subscribed 00.00 times, QIB (Qualified-Institutional Buyers) category being subscribed 00.00 times.
| Category | Subscription |
| QIB | 0.00x |
| NII | 0.00x |
| Retail | 0.00x |
| Total | 0.00x |
Sai Silks Kalamandir IPO Prospectus
| Sai Silks Kalamandir IPO DRHP | Download |
| Sai Silks Kalamandir IPO RHP | Download |
| Sai Silks Kalamandir IPO Anchor Investors Details PDF | Download |
Sai Silks Kalamandir IPO Rating
| Our Rating | 3.0/5.0 |
Sai Silks Kalamandir Company Contact Information
Sai Silks (Kalamandir) Limited
Corporate Identity Number: U52190TG2008PLC059968
Registered and Corporate Office: 6-3-790/8, Flat No. 1, Bathina Apartments,
Ameerpet, Hyderabad 500 016, Telangana, India
Contact Person: Matte Koti Bhaskara Teja, Company Secretary and Compliance Officer
Website: www.sskl.co.in
E-mail: secretarial@sskl.co.in
Telephone: +91 40 6656 6555
Promoters of Our Company: Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi
Sai Silks Kalamandir IPO Registrar
Bigshare Services Private Limited
Registered and Corporate Office: 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: ipo@bigshareonline.com
Investor Grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Jibu John
SEBI Registration No.: INR000001385
Sai Silks Kalamandir IPO Lead Manager
Motilal Oswal Investment Advisors Limited
Registered Office: Motilal Oswal Tower, Rahimtullah Sayani Road
Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025
Maharashtra, India
Telephone: +91 22 7193 4380
E-mail: sskl.ipo@motilaloswal.com
Investor Grievance E-mail: moiaplredressal@motilaloswalgroup.com
Website: www.motilaloswalgroup.com
Contact Person: Subodh Mallya /Kirti Kanoria
SEBI Registration No.: INM000011005
Edelweiss Financial Services Limited
Registered Office: 6th Floor, Edelweiss House, Off C.S.T Road, Kalina
Mumbai 400 098, Maharashtra, India
Telephone: + 91 22 4009 4400
E-mail: sskl.ipo@edelweissfin.com
Investor Grievance ID: customerservice.mb@edelweiss.com
Website: www.edelweissfin.com
Contact Person: Dhruv Bhavsar / Lokesh Singhi
SEBI Registration Number: INM0000010650
HDFC Bank Limited
Registered Office: Investment Banking Group, Unit No. 401 & 402,
4th Floor, Tower B Peninsula Business Park, Lower Parel, Mumbai
400 013, Maharashtra, India
Telephone: +91 22 3395 8233
E-mail: ssklipo@hdfcbank.com
Investor Grievance E-mail: investor.redressal@hdfcbank.com
Website: www.hdfcbank.com
Contact Person: Kunal Thakkar
SEBI Registration No.: INM000011252
Sai Silks Kalamandir IPO FAQs
What is the lot size of Sai Silks Kalamandir IPO?
The total size of Sai Silks Kalamandir IPO is ₹1200 crores out of which ₹600 crores is fresh issue and ₹601 crores is offer for sale (OFS).
When will Sai Silks Kalamandir IPO start?
Sai Silks Kalamandir IPO will open from 20 September 2023 and IPO will close on 21 September 2023.
What is the open date of Sai Silks Kalamandir IPO?
Sai Silks Kalamandir IPO will open date from 20 September 2023.
What is the last date ( close date ) of Sai Silks Kalamandir IPO?
Sai Silks Kalamandir IPO will close from 21 September 2023.
What is the price band of Sai Silks Kalamandir IPO?
Sai Silks Kalamandir IPO price band is ₹210 to ₹222. ( Upper Price Band: ₹222, Lower Price Band: ₹210 )
What is the minimum amount required to apply for Sai Silks Kalamandir IPO?
The minimum investment for retailers to apply for Sai Silks Kalamandir IPO is ₹14,874 and the maximum investment is ₹193,362.
What is going on gray market premium of Sai Silks Kalamandir IPO?
View gray market premium of Sai Silks Kalamandir IPO by Clicking Here
How much is the GMP of Sai Silks Kalamandir IPO?
Watch Sai Silks Kalamandir IPO GMP Today: Click Here
What is the allotment date of Sai Silks Kalamandir IPO?
The allotment date of Sai Silks Kalamandir IPO is 27 September 2023.
How to check allotment status in Sai Silks Kalamandir IPO?
To check the allotment status of Sai Silks Kalamandir IPO, first of all go to the registrar website by clicking here, select your bad Sai Silks Kalamandir IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sai Silks Kalamandir IPO?
The listing date of Sai Silks Kalamandir IPO is 4 September 2023.
How much will be the listing gain in Sai Silks Kalamandir IPO?
View listing gain of Sai Silks Kalamandir IPO by Clicking Here
How much time Sai Silks Kalamandir IPO is subscribed?
Total 00.00 times subscribed in Sai Silks Kalamandir IPO out of which 00.00 times subscription was done in retail quota, 00.00 times subscription in NII quota and 00.00 times subscription in QIB quota.
How to apply for Sai Silks Kalamandir IPO from Upstox?
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How to apply for Sai Silks Kalamandir IPO from Zerodha?
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How to apply for Sai Silks Kalamandir IPO from Angle One?
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