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IPO Status: Listed [20th Sep 2023 to 22nd Sep 2023]
-logo.png "Sai Silks (Kalamandir) IPO Detail"){kind=logo}
Sai Silks (Kalamandir) Limited is launching its IPO at NSE and BSE. This IPO application’s fresh issue worth of Rs 600 Cr and Offer for sale of Rs 601 Cr. You can apply in this IPO from Sept 20, 2023 to Sept 22, 2023. The face value of each share is Rs 2 and the issue price band for this mainline IPO is ranging from Rs 210 to Rs 222 per share along with the lot size of 67 shares or its multiples.
Keep visiting this website to get updated information about IPO details of Sai Silks (Kalamandir) Limited including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 20th Sep 2023 |
| IPO Issue Closing Date: | 22nd Sep 2023 |
| IPO Issue Price: | ₹210.00-222.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1201.00 Cr |
| Offer for Sale: | ₹601.00 Cr |
| Fresh Issue: | ₹600.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.23% |
| Promoter Holding Post IPO: | 60.80% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543989 |
| NSE Code: | KALAMANDIR |
Get important updates regarding Sai Silks (Kalamandir) IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 27th Sep 2023 |
| Refunds Initiation* | 29th Sep 2023 |
| Credit of Shares to Demat* | 3rd Oct 2023 |
| IPO Listing Date* | 27th Sep 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹210.00-222.00 |
| Market Lot: | 67 Shares |
| 1 Lot Amount: | ₹14874 |
| Min Small HNI Lots(2-10 Lakh): | 938 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4556 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-09-2023 | 222.00 | 7 | 400/5600 | ₹229 (3.15%) | 27-Sep-2023 10:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 2005,Sai Silks (Kalamandir) Limited is one of the largest retailers of ethnic wear, especially sarees, in South India. The company offers its products in various market segments, including premium ethnic fashion, low-income ethnic fashion, and budget fashion, with various products in different price categories to cater to customers in all market segments. The company uses its store network of 46 stores. Its ethnic wear and premium fashion products are available at its various stores Kalamandir, VaraMahalakshmi Silks, Mandir and KLM Fashion, as well as through e-commerce channels such as its own website and other online e-commerce marketplaces.
Their sales through online e-commerce marketplaces and started selling their products through their own online website, www.kalamandir.com,www.brandmandir.com and www.kanchivml.com and www.klmfashionmall.comasas as well as through other third party online e-commerce websites which provides an omnichannel network for their customers, through their online and offline channels. The seamless integration between their offline and online channels also ensures that their products are readily available to their customers. The following images of www.kalamandir.com,www.brandmandir.com www.kanchivml.com and www.klmfashionmall.comhighlight websites show that the focus is on increasing online sales.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Silk and Fashion | ₹1201.00 Cr | https://sskl.co.in/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 10,819,807 (28.57%) | 8,114,854 (21.43%) | 18,934,659 (50%) | 37,869,320 | |
| 1 | 20th Sep 2023 19:04 | 0.00x | 0.04x | 0.12x | 0.07x |
| 2 | 21st Sep 2023 19:04 | 0.50x | 0.27x | 0.27x | 0.34x |
| 3 | 22nd Sep 2023 19:04 | 12.17x | 2.54x | 0.91x | 4.47x |
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 692.76 | 665.42 | 842.49 | 1,220.45 |
| Revenue | 1,178.62 | 679.10 | 1,133.02 | 1,358.92 |
| Profit After Tax | 42.10 | 5.13 | 57.69 | 97.59 |
| Net Worth | 231.51 | 242.99 | 300.66 | 397.33 |
| Reserves and Surplus | 208.05 | 218.93 | 276.60 | 373.27 |
| Total Borrowing | 164.70 | 217.22 | 260.49 | 345.50 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sai Silks (Kalamandir) Limited | 8.11 | 8.11 | 33.02 | 24.56 | ||
| Vedant Fashions Limited | 17.68 | 17.68 | 57.66 | 71.29 | 30.65 | |
| TCNS Clothing Co. Limited | -2.75 | -2.75 | 99.1 | |||
| Go Fashion (India) Limited | 15.33 | 15.33 | 96.36 | 87.74 | 15.91 | |
| Aditya Birla Fashion and Retail Limited | -0.38 | -0.38 | 35.24 | |||
| Shoppers Stop Limited | 10.59 | 10.59 | 18.79 | 69.34 | 56.3 | |
| Trent Limited | 12.51 | 12.51 | 74.91 | 163.76 | 14.78 |
Last Updated on 01-Oct-2023 06:02:46
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sai Silks (Kalamandir) IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sai Silks (Kalamandir) IPO with Zerodha.
Alternate approch to apply in Sai Silks (Kalamandir) IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sai Silks (Kalamandir) IPO Review and Important Updates
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To subscribe or apply in Sai Silks (Kalamandir) IPO, you can use the following methods:
| Sai Silks (Kalamandir) IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sai Silks (Kalamandir) IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sai Silks (Kalamandir) IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sai Silks (Kalamandir) IPO. Most of the Syndicate Banks provide access to apply in Sai Silks (Kalamandir) IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sai Silks (Kalamandir) IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sai Silks (Kalamandir) IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sai Silks (Kalamandir) IPO Review and Important Updates
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Applying in Sai Silks (Kalamandir) IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Sai Silks (Kalamandir) IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Sai Silks (Kalamandir) IPO, please refer article >> Link
Sai Silks (Kalamandir) IPO Review and Important Updates
Steps to download the online application form for Sai Silks (Kalamandir) IPO
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Sai Silks (Kalamandir) IPO is going to be list on 27-09-2023. NSE Code for Sai Silks (Kalamandir) is KALAMANDIR. BSE Code for Sai Silks (Kalamandir) is 543989.
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Sai Silks (Kalamandir) IPO Allotment Date is 27-09-2023.
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