The Sai Silks Kalamandir IPO started on September 20, 2023, and ended on September 22, 2023. Shares were allocated on September 27, 2023, and refund processes began on September 29, 2023. On October 3, 2023, the shares were credited to investors demat accounts. Sai Silks Kalamandir was officially listed on the stock exchange on October 4, 2023.
During the IPO, Sai Silks Kalamandir offered shares at a price range of ₹210 to ₹222 per share, and the lot size was 67 shares. The total issue size was ₹1,201 crores, with ₹600 crores from new shares and ₹601 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Sai Silks IPO Subscription Update Video
Sai Silks Kalamandir IPO Subscription Status
The Sai Silks Kalamandir IPO on September 20, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Total | x |
Sai Silks Kalamandir IPO Basic Details
| Company Name | Sai Silks Kalamandir Limited |
| Domain of Company | Ethnic Apparel and Value-fashion Products |
| IPO Open Date | September 20, 2023 |
| IPO Close Date | September 22, 2023 |
| IPO Allotment Date | October 3, 2023 |
| IPO Listing Date | October 4, 2023 |
| Face Value | ₹10 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 |
| Company Promoters | Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi |
About Sai Silks Kalamandir Limited
Sai Silks (Kalamandir) Limited was founded in 2005 and specializes in ethnic clothing and affordable fashion.
The company draws inspiration from India’s rich culture and traditions, offering a wide variety of products. These include premium sarees for weddings, parties, and everyday wear, as well as lehengas, men’s and children’s ethnic clothing, and value fashion items that blend different styles for women, men, and kids.
Sai Silks operates four different types of stores:
- Kalamandir: This store caters to the middle-income segment and offers contemporary ethnic fashion. It features a range of sarees, including Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
- VaraMahalakshmi Silks: Here, the focus is on premium ethnic silk sarees and handlooms, mainly for weddings and special occasions. They offer sarees like Banarasi, Patola, Kota, Kanchipuram, Paithani, Organza, and Kuppadam, with a strong emphasis on handloom products like Kancheepuram silk sarees.
- Mandir: This store caters to high-net-worth individuals and features ultra-premium designer sarees. You’ll find designer sarees like Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam here.
- KLM Fashion Mall: Offering affordability, this store provides fusion wear, daily sarees, and Western clothing options for women, men, and children.
Sai Silks also sells its products online through its website sskl.co.in and other e-commerce platforms.
As of July 31, 2023, the company operates 54 stores in four southern Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. These stores collectively cover an area of approximately 603,414 square feet. In terms of revenue, the company earned Rs. 13,514.69 million, Rs. 11,293.23 million, and Rs. 6,772.48 million in the fiscal years 2023, 2022, and 2021, respectively.
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Sai Silks Kalamandir IPO FAQs
What is the start and end date of Sai Silks Kalamandir IPO Subscription?
The Sai Silks Kalamandir IPO started on September 20, 2023, and ended on September 22, 2023.
When does Sai Silks Kalamandir IPO Subscription open?
The Sai Silks Kalamandir IPO open on September 20, 2023.
When does Sai Silks Kalamandir IPO Subscription close?
The Sai Silks Kalamandir IPO Close on September 22, 2023.
What is the allotment date of Sai Silks Kalamandir IPO?
The allotment date for Sai Silks Kalamandir IPO is September 27, 2023.
When is the initial refund date of Sai Silks Kalamandir IPO?
The initial Refund date for Sai Silks Kalamandir IPO is September 29, 2023.
When were the shares credited to investors demat accounts for the Sai Silks Kalamandir IPO?
The shares for the Sai Silks Kalamandir IPO were credited to investors demat accounts on October 3, 2023.
When will Sai Silks Kalamandir IPO be listed on the stock market?
Sai Silks Kalamandir IPO stock market will be listed on October 4, 2023 at 10 am.
What was the price range of the Sai Silks Kalamandir IPO shares?
The Sai Silks Kalamandir IPO shares were offered at a price range of ₹210 to ₹222 per share.
What was the lot size for the Sai Silks Kalamandir IPO shares?
The lot size for the Sai Silks Kalamandir IPO shares was 67 shares.
What was the total issue size of the Sai Silks Kalamandir IPO?
The total issue size of the Sai Silks Kalamandir IPO was ₹1201 crores.
How were the shares allocated among different types of investors for the Sai Silks Kalamandir IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Sai Silks Kalamandir IPO listed?
The Sai Silks Kalamandir IPO was listed on both the NSE and BSE.
What is the Sai Silks Kalamandir IPO Subscription Status?
Sai Silks Kalamandir IPO is subscribed Times.
