Sai Silks Kalamandir IPO GMP Today ( Grey Market Premium )

The Sai Silks Kalamandir IPO started on September 20, 2023, and finished on September 22, 2023. They gave out the shares on September 27, 2023, and began giving back the money on September 29, 2023. The shares were put into investors online accounts on October 3, 2023. And lastly, Sai Silks Kalamandir got listed on the stock exchange on October 4, 2023.

The Sai Silks Kalamandir IPO was priced at ₹210 to ₹222 per share, with a lot size of 67 shares . The total issue size was ₹1,201 crores, comprising a fresh issue of ₹600 crores and an offer for sale of ₹601 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Sai Silks Kalamandir IPO Basic Details

Sai Silks Kalamandir IPO GMP Today:

Sai Silks IPO Details:

Founded in 2005, Sai Silks (Kalamandir) Limited brings you a wide range of ethnic clothing and stylish fashion items.

We draw inspiration from India’s rich culture and traditions, offering a diverse selection of products. Our collection includes premium sarees for weddings, parties, and everyday wear, along with lehengas, men’s ethnic attire, children’s clothing, and trendy fusion and western wear for women, men, and kids.

Sai Silks operates four store formats:

1. Kalamandir: Providing contemporary ethnic fashion for middle-income customers, featuring a variety of sarees, including Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
2. VaraMahalakshmi Silks: Offering premium ethnic silk sarees and handloom creations for weddings and special occasions. This includes Banarasi, Patola, Kota, Kanchipuram, Paithani, Organza, Kuppadam, and a focus on Kancheepuram silk sarees.
3. Mandir: Presenting ultra-premium designer sarees for high-net-worth individuals. This collection showcases designer sarees like Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam.
4. KLM Fashion Mall: Providing affordable value fashion options, including fusion wear, daily sarees, and western clothing for women, men, and children.

In addition to our physical stores, you can find our products on our website, sskl.co.in, and other online marketplaces.

As of July 31, 2023, Sai Silks operates 54 stores across four South Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. These stores collectively occupy approximately 603,414 square feet. In the fiscal years 2023, 2022, and 2021, the company reported revenues of Rs. 13,514.69 million, Rs. 11,293.23 million, and Rs. 6,772.48 million, respectively.

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