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Sai Silks (Kalamandir) IPO Details 2023

IPO Status: Listed [20th Sep 2023 to 22nd Sep 2023]

Rated 3 stars Rated 3/5 by Team InvestorGain
Sai Silks (Kalamandir) IPO Detail

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.

Sai Silks (Kalamandir) IPO Details

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

Sai Silks (Kalamandir) IPO Important Dates

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.

Sai Silks (Kalamandir) IPO dates
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

Sai Silks (Kalamandir) IPO Lots

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)

Sai Silks (Kalamandir) IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
27-09-2023222.007400/5600₹229 (3.15%)27-Sep-2023 9:30
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**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.

About Company - Sai Silks (Kalamandir)

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,, and 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, and www.klmfashionmall.comhighlight websites show that the focus is on increasing online sales.

Sai Silks (Kalamandir) IPO Strengths

  • Among the leading ethnic wear and value-fashion retail company in south India having portfolio of established formats with focused sales and marketing strategy.
  • 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.
  • Strong presence in offline and online marketplace with an omni-channel network.
  • Track ecord of growth, profitability and unit economics with an efficient operating model.
  • Experienced Promoter, management and in-house teams with proven execution capabilities
Incorporation Sector IPO Issue Size Website
2005 Silk and Fashion ₹1201.00 Cr

Sai Silks (Kalamandir) IPO Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding capital expenditure towards setting up 30 new stores.
  2. Funding capital expenditure towards setting-up of two warehouses.
  3. Funding the working capital requirements of the company.
  4. Repayment or pre-payment, in full or part, of certain borrowings availed by the company.
  5. General corporate purposes.
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Sai Silks (Kalamandir) IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 10,819,807 Shares
  • Non-Institutional Investors: 8,114,854 Shares
  • Retail Individual Investor: 18,934,659 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered10,819,807 (28.57%)8,114,854 (21.43%)18,934,659 (50%)37,869,320
120th Sep 2023 19:040.00x0.04x0.12x0.07x
221st Sep 2023 19:040.50x0.27x0.27x0.34x
322nd Sep 2023 19:0412.17x2.54x0.91x4.47x

Sai Silks (Kalamandir) Financials for past 3 Years

Past performance and financial results of Sai Silks (Kalamandir).

Sai Silks (Kalamandir) IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax42.105.1357.6997.59
Net Worth231.51242.99300.66397.33
Reserves and Surplus208.05218.93276.60373.27
Total Borrowing164.70217.22260.49345.50
Amount in ₹ Crore

Company Address

Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1Bathina Apartments,
AmeerpetHyderabad,Telangana-500 016
Phone: +91 40 6656 6555
Email: [email protected]

Sai Silks (Kalamandir) IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Sai Silks (Kalamandir) IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Sai Silks (Kalamandir)? Should I apply in Sai Silks (Kalamandir) IPO?

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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Apply in Sai Silks (Kalamandir) IPO online

To subscribe or apply in Sai Silks (Kalamandir) IPO, you can use the following methods:

Sai Silks (Kalamandir) IPO Applying Mode
Online Application3-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 Application2-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 ApplicationASBA

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 ApplicationPhysical 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

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 67 and max 871 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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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.

Other relevant questions:

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Sai Silks (Kalamandir) IPO Allotment Date is 27-09-2023.

Other relevant questions:

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User Reviews

4. Mithun  Sep 11 2023 04:01:35 AM Reply
Sai Silks (Kalamandir) IPO expected listing gain.
3. AKHILA VIJAYAN Sep 11 2023 04:01:35 AM Reply
Please confirm Sai Silks (Kalamandir) IPO GMP (grey market premium) and kostak.
2. Praveen Sep 11 2023 04:01:35 AM Reply
Sai Silks (Kalamandir) IPO good or bad.
1. indrasen verma Sep 11 2023 04:01:35 AM Reply
Sai Silks (Kalamandir) IPO whether to invest or not.