IPO

Sai Silks (Kalamandir) Limited IPO

Mainboard

Speciality Retail

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

₹ 14874 /67 Shares

Check Allotment

20 Sep, 2023

Open Date

22 Sep, 2023

Close Date

26 Sep, 2023

Allotment Date

27 Sep, 2023

Listing Date
Price Summary

Last Closing

153.19 (-31%)

52 Week High

223.03

52 Week Low

113.00

Last Update

19-Dec-2025 3:30 PM
Sai Silks (Kalamandir) Limited IPO Issue Details
  • Issue Price ₹210-222 per equity share
  • Face Value ₹2 Per Equity Share
  • Issue Price 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)
  • Listing at BSE, NSE
  • List Price 231.0(NSE)
  • Listing Date 2023-09-27
  • Lead Manager Motilal Oswal Investment Advisors Limited
    Hdfc Bank Limited
    Nuvama Wealth Management Limited
  • Registrar Bigshare Services Pvt Ltd
Sai Silks (Kalamandir) Limited IPO Details
  • 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)
Sai Silks (Kalamandir) Limited IPO Documents
DRHP
RHP
ANCHOR
Sai Silks (Kalamandir) Limited IPO Details


The IPO of Sai Silks (Kalamandir) Limited is priced at ₹210-222 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Sep 20, 2023 and ends on Sep 22, 2023. The allotment for Sai Silks (Kalamandir) Limited IPO will be finalized on Sep 26, 2023. Sai Silks (Kalamandir) Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 27, 2023. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Motilal Oswal Investment Advisors Limited, Hdfc Bank Limited, Nuvama Wealth Management Limited.


The Sai Silks (Kalamandir) Limited IPO sets its price band at 210-222 for each share. A single application for Sai Silks (Kalamandir) Limited IPO must contain at least 67 shares.

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Sai Silks (Kalamandir) Limited IPO Subscription Analysis And Details
Retail
0.91x
QIB
12.17x
NII
2.54x
bNII
3.03x
sNII
1.57x
Total
4.47x
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
Subscription on the basis of Applications
0.52
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
In Crs.
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 Sai Silks (Kalamandir) Limited 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.

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Sai Silks (Kalamandir) Limited - Promoter(s)

Nagakanaka Durga Prasad Chalavadi

Jhansi Rani Chalavadi

Pre Issue Share Holding : 95.23%

Post Issue Share Holding : 60.80%

Sai Silks (Kalamandir) Limited IPO - Issue Objectives
1

Funding capital expenditure towards setting up 25 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.

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.