Sai Silks (Kalamandir) Limited IPO
Sai Silks (Kalamandir) Limited IPO is listed on BSE and NSE, priced at ₹210–₹222 per share. The stock debuted at ₹231, delivering a listing gain of 4.1%. The IPO had a lot size of ₹67 shares and a minimum investment of ₹14,874.
Sai Silks (Kalamandir) Limited IPO
- IPO Dates
- Sep 20, 2023 – Sep 22, 2023
- Price band
- ₹210-222 per equity share
- Minimum Investment
- ₹14,874
- Issue size
- 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)
- Lot size
- 67
- Allotment Date
- Sep 26, 2023
- Listing
- Sep 27, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Sep 20, 2023
Open Date
Completed
-
Sep 22, 2023
Close Date
Completed
-
Sep 26, 2023
Allotment Date
Completed
-
Sep 27, 2023
Listing Date
Completed
Price Summary
- Last closing
- 111.33 (-49.85%)
- 52 week high
- 223.03
- 52 week low
- 89.76
- Last update
Sai Silks (Kalamandir) Limited IPO Essentials
Sai Silks (Kalamandir) Limited IPO Details
Sai Silks (Kalamandir) Limited IPO is priced at ₹210-222 per share with a total issue size of 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). The IPO has a lot size of 67 shares and is listed on BSE and NSE.
- Issue price
- ₹210-222 per equity share
- Lot size
- 67 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- 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
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Motilal Oswal Investment Advisors Limited, Hdfc Bank Limited, Nuvama Wealth Management Limited
Sai Silks (Kalamandir) Limited IPO Analytics
Sai Silks (Kalamandir) Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Sai Silks (Kalamandir) Limited IPO Subscription Status
Sai Silks (Kalamandir) Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Day 1 - 20-09-23 05:00 PM | 0.00 x |
0.04x
x
x
|
0.12 x | 0.07 x |
|
Day 2
21-09-23 05:00 PM
|
0.50 x |
0.27x
0.57x
0.12x
|
0.27 x | 0.34 x |
|
Day 3
22-09-23 05:00 PM
|
12.17 x |
2.54x
3.03x
1.57x
|
0.91 x | 4.47 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 147,469 (Approx) | 0.52 | ||
Sai Silks (Kalamandir) Limited Valuations
Earnings
- EPS (Post IPO)
- ₹8.11/-
- P/E Ratio
- 27.37
Returns
- RoNW
- 24.56%
Sai Silks (Kalamandir) Limited Financials( In Crs.)
| 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 |
Sai Silks (Kalamandir) Limited Company & Offer Insights
About Sai Silks (Kalamandir) Limited
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.
Sai Silks (Kalamandir) Limited Promoter(s)
Nagakanaka Durga Prasad Chalavadi, Jhansi Rani Chalavadi are the company's promoters of Sai Silks (Kalamandir) Limited.
Sai Silks (Kalamandir) Limited IPO Issue Objectives
- •
- Funding capital expenditure towards setting up 25 new stores.
- •
- Funding capital expenditure towards setting-up of two warehouses.
- •
- Funding the working capital requirements of the company.
- •
- Repayment or pre-payment, in full or part, of certain borrowings availed by the company.
- •
- 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.
Contact Information
Frequently Asked Questions
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Sai Silks (Kalamandir) Limited IPO is a book-built IPO worth ₹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). The price band is ₹210–₹222 per share. The IPO opens on Sep 20, 2023 and closes on Sep 22, 2023. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Sai Silks (Kalamandir) Limited IPO is ₹210 to ₹222 per share.
The lot size of Sai Silks (Kalamandir) Limited IPO is 67 shares.
The minimum investment for Sai Silks (Kalamandir) Limited IPO is approximately ₹14,874 based on the upper price band .
Sai Silks (Kalamandir) Limited IPO opens on Sep 20, 2023 and closes on Sep 22, 2023.
The allotment date of Sai Silks (Kalamandir) Limited IPO is Sep 26, 2023.
Sai Silks (Kalamandir) Limited IPO is expected to be listed on Sep 27, 2023, on BSE and NSE .
Sai Silks (Kalamandir) Limited IPO listed on Sep 27, 2023. It was issued at ₹231.0(NSE) and is currently around ₹111.33 as on 14-May-2026 3:30 PM, which is approximately -49.9% versus issue price. The 52-week high is ₹223.03.
Based on listing and post-listing performance, Sai Silks (Kalamandir) Limited IPO delivered around -49.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Sai Silks (Kalamandir) Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Sai Silks (Kalamandir) Limited IPO valuation snapshot: P/E 27.37, EPS ₹8.11/-, P/B N/A, RoNW 24.56%, and market cap N/A.
To apply for Sai Silks (Kalamandir) Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Sai Silks (Kalamandir) Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Sai Silks (Kalamandir) Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Sai Silks (Kalamandir) Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sai Silks (Kalamandir) Limited IPO allotment status on IPO Ji for quick and easy access.