Sai Silks (Kalamandir) Limited

Offer PeriodSep 20, 2023 – Sep 22, 2023

MainBoardListed

Listed Price

₹231.00

+4.05%

Price Band₹210 - ₹222

Lot Size67 Shares

Allotment DateSep 25, 2023

Listing DateSep 27, 2023

Subscription4.4 Times

Issue Size₹1201.00 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹7
(3.15%)

Premium (ELP)

Sai Silks (Kalamandir) Limited's successfully completed its Initial Public Offering and commenced trading on Sep 27, 2023 at the NSE, BSE exchange. The company raised 5,40,99,027 Shares through this public offering, comprising 2,70,27,027 Shares in fresh capital and ₹601.00 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹210 to ₹222, with minimum application lots of 67 shares. The offering attracted significant investor interest during its subscription period from Sep 20, 2023 to Sep 22, 2023.

Share allotment was finalized on Sep 25, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Sai Silks IPO Details

IPO Date

Sep 20, 2023 to Sep 22, 2023

Allotment Date

Sep 25, 2023

List Date

Sep 27, 2023

Lot Size

67 share

Issue Price

₹210 - ₹222

Issue Size

5,40,99,027 (aggregating up to 1201.00 Cr)

Fresh Issue

2,70,27,027 (aggregating up to 600.00 Cr)

Offer For Sale

2,70,72,000 (aggregating up to 601.00 Cr)

Listing At

NSE, BSE

Share Holding Pre-Issue

12,63,39,085

Share Holding Post-Issue

15,33,66,112

Market Marker Portion

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	67	14,874
sHNI	14	938	2,08,236
bHNI	68	4556	10,11,432

IPO Reservation

Shares5,40,99,027

Retail

35.00%(1,89,34,660)

NII(HNI)

15.00%(81,14,855)

QIB

50.00%(2,70,49,512)

Total

100.00%(5,40,99,027)

Sai Silks IPO Key Performance Indicators

KPI	Values

KPI	Values
EPS	8.11
ROE	27.96
ROCE	23.55
RONW	24.56
PRE IPO(PE)	27.37
POST IPO(PE)	34.91

Company Financials ( In Crores)

Period Ended	Mar 2023	Mar 2022	Mar 2021	Mar 2020

Period Ended	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Assets	1,220.45	842.49	665.42	692.76
Revenue	1,358.92	1,358.92	679.10	1,178.62
Net Worth	397.33	300.66	242.99	231.51
profit After Tax	97.59	57.69	5.13	42.10
Reserves And Surpluse	373.27	276.60	218.93	208.05
Total Borrowing	345.50	260.49	217.22	164.70

Sai Silks IPO About Company

Incorporated in 2005, Sai Silks (Kalamandir) Limited is a South India-based retailer of ethnic apparel and value-fashion products, offering a wide range of ultra-premium and premium sarees for weddings, parties, occasions, and daily wear, along with lehengas, men’s and children’s ethnic wear, and fusion and western wear. The company operates four store formats: Kalamandir for middle-income contemporary ethnic fashion, VaraMahalakshmi Silks for premium silk sarees and handlooms, Mandir for ultra-premium designer sarees targeting high net worth individuals, and KLM Fashion Mall for affordable value fashion. Sai Silks also sells through its website and other e-commerce platforms. As of July 31, 2023, it has 54 stores across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu with a total area of approximately 603,414 sq. ft. The company recorded revenues of ₹13,514.69 million in FY23, ₹11,293.23 million in FY22, and ₹6,772.48 million in FY21.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Sai Silks IPO Strength Factors

⚠️Sai Silks IPO Risk Factors

🏦Sai Silks IPO Lead Manager(s)

Motilal Oswal Investment Advisors LimitedHdfc Bank LimitedNuvama Wealth Management Limited

👤Sai Silks IPO Promoter(s)

Nagakanaka Durga Prasad Chalavadi
Jhansi Rani Chalavadi

🏢Sai Silks IPO Company Details

Sai Silks (Kalamandir) Limited

Email:secretarial@sskl.co.in

Phone:+91 40 6656 6555

Website:https://sskl.co.in/

address:6-3-790/8, Flat No. 1 Bathina Apartments, Ameerpet Hyderabad - 500 016

📋Sai Silks IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/ipo_status.html

❓Sai Silks IPO FAQs

Sai Silks IPO is a main-board IPO of 2,70,27,027 equity shares of the face value of ₹2 Per Share aggregating up to ₹601.00 crore shares. The issue is priced at ₹210 - ₹222 per share. The minimum order quantity is .The IPO opens on Sep 20, 2023, and closes on Sep 22, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.

Zerodha customers can apply online in Sai Silks IPO using UPI as a payment gateway. Zerodha customers can apply in Sai Silks IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Sai Silks IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Sai Silks IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Sai Silks IPO opens on Sep 20, 2023 and closes on Sep 22, 2023.

You can apply in Sai Silks IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Sai Silks IPO will be done on Sep 25, 2023, and the allotted shares will be credited to your demat account by Sep 25, 2023

Sai Silks IPO's listing date is Sep 27, 2023.

Sai Silks (Kalamandir) Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹7(3.15%)

Premium (ELP)

₹7
(3.15%)