Sai Silks (Kalamandir) Ltd

Retail

Offer Period :

20th to 9th Sep 2023

Established in 2005, Sai Silks (Kalamandir) Limited specializes in ethnic apparel, offering a diverse range from ultra-premium sarees to value fashion products. With four store formats, including Kalamandir and VaraMahalakshmi Silks,  Read more... the company operates 54 stores across four south Indian states and recorded significant revenue growth in fiscal years 2021 to 2023.Read less

Sai Silks (Kalamandir) Ltd IPO Details

IPO Date 20th to 9th Sep 2023 Minimum Investment ₹14874 / 1 Lots
Listing Date 2023-09-27 Maximum Investment ₹193362 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹1201 Crores
Price ₹222 to ₹222 per share Fresh Issue ₹600 Crores
Lot Size 1 Lots (67 Shares) Offer For Sale ₹ 601
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 20th to 9th Sep 2023
Listing Date 2023-09-27
Face Value ₹2 per share
Price ₹222 to ₹222 per share
Lot Size 1 Lots (67 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14874 / 1 Lots
Maximum Investment ₹193362 / 13 Lots
Total Issue Size ₹1201 Crores
Fresh Issue ₹600 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

20th Sep

IPO Starts

22nd Sep

IPO Ends

25th Sep

Allotment Date

26th Sep

Initiation of Refund

26th Sep

Credit of Shares to Demat Account

27th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 54.16 38.92
Public Group 45.84 61.08

Sai Silks (Kalamandir) Ltd IPO Reservation

QIB Shares Offered 27049514(50%)
NII (HNI) Shares Offered 8114854(15%)
Retail Shares Offered 18934660(35%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 54099028
Total Shares With Anchor Investor 54099028

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sai Silks (Kalamandir) Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number 91-22-62638200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Sai Silks (Kalamandir) Ltd IPO Lead Manager

1. Motilal Oswal Investment Advisors Ltd

2. Nuvama Wealth Management Ltd

3. HDFC Bank Ltd

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Sai Silks (Kalamandir) Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sai Silks (Kalamandir) Ltd

1. Among the leading ethnic and value-fashion retail company in south India having a portfolio of established formats with focused sales and marketing strategy.

2. 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.

3. Strong presence in offline and online marketplace with an omni-channel network.

4. Track record of growth, profitability, and unit economics with an efficient operating model.

5. Experienced Promoter, management, and in-house teams with proven execution capabilities.

Risks Involved

1. The company business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand and changes in consumer preference, could have an adverse effect on its business, results of operations and financial condition.

2. An inability to effectively market its products, or any deterioration in public perception of the company brands, could affect customer footfall and consequently adversely impact its business, financial condition, cash flows and results of operations.

3. Current locations of its stores may become unattractive, and suitable new locations may not be available for a reasonable price or acceptable terms, if at all. In addition, the company is exposed to risks associated with leasing real estate and any adverse developments could materially affect its business, results of operations and financial condition. Further, the company is generated substantially all of its sales from stores located in Southern India and any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.

4. The current and continuing impact of the ongoing COVID-19 pandemic on its business and operations has been significant. The impact of the pandemic on its operations in the future, including its effect on the ability or desire of customers to visit the company stores, is uncertain and may be significant and continue to have an adverse effect on its business prospects, strategies, business, operations, the company future financial performance, and the price of its Equity Shares.

5. The Proforma Financial Statements included in this Draft Red Herring Prospectus are not indicative of its future financial condition or results of operations.

6. If the company is unable to maintain an optimal level of inventory, its business, results of operations and financial condition may be adversely affected.

7. The company operate all of its shops, the company Registered Office, and warehouses on a leasehold basis. If its unable to comply with the terms of the leases, renew the company agreements or enter into new agreements on favorable terms, or at all, its business, results of operations and financial condition may be adversely affected.

8. Quality and consistency in customer service at its stores are critical for the company success, which depend on its ability to attract and retain skilled personnel. Any failure in this respect could materially and adversely impact the company reputation, business, financial condition, cash flows and results of operations.

9. The company may be subject to labour unrest, slowdowns and increased wage costs, which may have an adverse effect on its business, operations, the company cash flow and financial condition.

10. The company procure its products from third-party vendors and master weavers. The company do not enter into long term formal agreements with such vendors and may not be able to procure sufficient quantities or desired quality of products from such vendors and master weavers in a timely manner or at acceptable prices, or on an exclusive basis, which may adversely affect its business, financial condition and results of operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Sai Silks (Kalamandir) Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-27 543989 KALAMANDIR
INE438K01021
₹222 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹222 ₹222
Open ₹230.1 ₹231
Low ₹230.1 ₹230.95
High ₹246.85 ₹247
Low ₹230.1 ₹230.95

Frequently Asked Questions

What is Sai Silks (Kalamandir) Ltd IPO?

Answer Field

Sai Silks (Kalamandir) Ltd IPO is a Mainboard IPO of 5,40,99,028 equity shares of a face value of ₹2 aggregating up to ₹1201 Crores. The issue is priced at ₹222 to ₹222 per share. The minimum order quantity is 67 Shares. The IPO opens on September 20, 2023, and closes on September 22, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Sai Silks (Kalamandir) Ltd IPO will open?

Answer Field

The Sai Silks (Kalamandir) Ltd IPO opens on September 20, 2023 and closes on September 22, 2023.

What is the lot size of Sai Silks (Kalamandir) Ltd?

Answer Field

Sai Silks (Kalamandir) Ltd lot size is 67 shares, and the minimum amount required is ₹14,874.

How to apply for Sai Silks (Kalamandir) Ltd IPO?

Answer Field

You can apply in Sai Silks (Kalamandir) Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Sai Silks (Kalamandir) Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sai Silks (Kalamandir) Ltd IPO will be done on September 25, 2023, and the allotted shares will be credited to your demat account by September 26, 2023.

When is Sai Silks (Kalamandir) Ltd IPO listing date?

Answer Field

The Sai Silks (Kalamandir) Ltd listing date is September 27, 2023.

Who is the registrar of Sai Silks (Kalamandir) Ltd IPO?

Answer Field

The registrar of Sai Silks (Kalamandir) Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Motilal Oswal Investment Advisors Ltd,Nuvama Wealth Management Ltd,HDFC Bank Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sai Silks (Kalamandir) Ltd IPO?

Answer Field

The fresh issue size is ₹600 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sai Silks (Kalamandir) Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 67 shares and ₹14,874 amount.

How can I approve the UPI mandate request for Sai Silks (Kalamandir) Ltd IPO?

Answer Field

To apply for Sai Silks (Kalamandir) Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sai Silks (Kalamandir) Ltd?

Answer Field

The price of each Sai Silks (Kalamandir) Ltd share will be ranging in between ₹222 to ₹222 per share.

What is the cut-off time for the UPI mandate for Sai Silks (Kalamandir) Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 22, 2023.

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