Sai Silks (Kalamandir) Limited IPO

Mainboard

Speciality Retail

Listed On: Sep 27, 2023 at ₹ 231.0(NSE)

₹ 14874 /67 Shares

Check Allotment

Price Summary

Last Closing

160.55 (-27.68%)

52 Week High

312.00

52 Week Low

143.92

Last Update

22-Nov-2024 3:30 PM

Sai Silks (Kalamandir) Limited IPO Details

20 Sep, 2023

Open Date

22 Sep, 2023

Close Date

26 Sep, 2023

Allotment Date

27 Sep, 2023

Listing Date

Issue Price

₹210-222 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

231.0(NSE)

Listing Date

2023-09-27

Market Lot

Retail : 67 Shares (₹14,874/-)
S-HNI : 938 Shares (₹2,08,236/-)
B-HNI : 4,556 Shares (₹10,11,432/-)

Lead Manager

Motilal Oswal Investment Advisors Limited
Hdfc Bank Limited
Nuvama Wealth Management Limited

Issue Size

Total ₹1,201 Cr :
#Fresh Issue : 27,027,027 shares(aggregating up to ₹600.00 Cr) +
#OFS : 27,072,000 shares of ₹2(aggregating up to ₹601 Cr)

Retail Portion

35% (Number of Retail Applications: 2,82,607 Approx),
(Number of S-HNI Applications : 2,884 Approx),
(Number of B-HNI Applications : 5,767 Approx)

Subscription

4.47 times

IPO Docs

DRHP RHP ANCHOR

Sai Silks (Kalamandir) Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Day 1 - 20-09-23 05:00 PM	0.00 x	0.04 x x	0.12 x	0.07 x
Day 2 - 21-09-23 05:00 PM	0.50 x	0.27 0.57 x 0.12 x	0.27 x	0.34 x
Day 3 - 22-09-23 05:00 PM	12.17 x	2.54 3.03 x 1.57 x	0.91 x	4.47 x

Total No. of Applications: 147,469 (Approx)

Retail Subscription on the basis of Applications: 0.52 times

Sai Silks (Kalamandir) Limited Valuations

Earnings Per Share (EPS)

₹8.11/-

P/E Ratio

27.37

RoNW

24.56%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Sai Silks (Kalamandir) Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21	31-Mar-20
Assets	1,220.45	842.49	665.42	692.76
Revenue	1,358.92	1,133.02	679.10	1,178.62
Profit After Tax	97.59	57.69	5.13	42.10

About The Company

Sai Silks (Kalamandir) Limited provides ethnic apparel and value-fashion products.

Inspired by India's vibrant culture, traditions, and heritage, the company offers a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, 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.

Sai Silks has four different format stores:
1. Kalamandir: Here it offers contemporary ethnic fashion for the middle income, this includes varieties of sarees, such as Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
2. VaraMahalakshmi Silks: Here it offers premium ethnic silk sarees and handlooms targeting wedding and occasional wear, such as Banarasi, Patola, Kota, Kanchipuram, Paithani, and Organza, Kuppadam, with a focus on handlooms such as Kacheepuram silk sarees.
3. Mandir: Here it offers ultra-premium designer sarees targeting high net worth individuals, such as designer sarees such as Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam.
4. KLM Fashion Mall: Here it offers value fashion at affordable price points, such as fusion wear, sarees for daily wear, and western wear for women, men, and children.

The company also offers its products through e-commerce channels which comprises its website sskl.co.in and other online e-commerce marketplaces.

As of May 31, 2022, the company has over 46 stores in four south Indian states namely Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, with an aggregate area of approximately 550,815 square feet. The company recorded Rs. 11,293.23 million, Rs. 6,772.48 million, and Rs. 11,755.60 million in revenue from operations in the fiscal 2022, 2021, and 2020 respectively.

Sai Silks (Kalamandir) Limited - Promoter(s)

Pre Issue Share Holding: 95.23%

Post Issue Share Holding: 60.80%

Company Promoter(s)

Nagakanaka Durga Prasad Chalavadi
Jhansi Rani Chalavadi

Sai Silks (Kalamandir) Limited IPO - Issue Objectives

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) Limited IPO - Anchor Investors

Sai Silks Kalamandir mops up Rs 360 crore via anchor book, ahead of IPO.

Andhra Pradesh-based Sai Silks Kalamandir has raised Rs 360.3 crore from 26 anchor investors on September 18, a day before the issue launch.

Global marquee investors Societe Generale, Citigroup Global Markets Mauritius, HSBC and BNP Paribas Arbitrage participated in the anchor book.

Among others, SBI Mutual Fund, ICICI Prudential Mutual Fund, Whiteoak Capital, Eastspring Investments India, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Abakkus Growth Fund and Mirae Asset India also invested in the company via anchor book.

Sai Silks (Kalamandir) Limited IPO - FAQs

Ans. Sai Silks (Kalamandir) Limited IPO is a Mainboard IPO. The issue is priced at ₹210-222 per equity share. The minimum order quantity is 67 Shares. The IPO opens on Sep 20, 2023, and closes on Sep 22, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Sai Silks (Kalamandir) Limited IPO opens on Sep 20, 2023 and closes on Sep 22, 2023.

Ans. The size of Sai Silks (Kalamandir) Limited IPO is Total ₹1,201 Cr : #Fresh Issue : 27,027,027 shares(aggregating up to ₹600.00 Cr) + #OFS : 27,072,000 shares of ₹2(aggregating up to ₹601 Cr).

Ans. The IPO price band is set between ₹210-222 per equity share.

Ans. To apply for Sai Silks (Kalamandir) Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Sai Silks (Kalamandir) Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Sai Silks (Kalamandir) Limited IPO is Sep 26, 2023.

Ans. The Sai Silks (Kalamandir) Limited IPO will be listed on Sep 27, 2023.

Ans. Follow the steps to check the allotment status for Sai Silks (Kalamandir) Limited IPO here.