Listing Details
- Listing Exchange BSE, NSE
- Listing Date 27-Sep-23
- IPO Price Range ₹ 222
- Listing Price ₹ 230.1
- Listing Change 3.6 %
- Last Traded Price ₹ 290.95
- Current Change 31.1 %
Kalamandir IPO Details
- Open Date 20-Sep-23
- Close Date 22-Sep-23
- Lot Size 67
- IPO Size ₹ 1201 Cr
- IPO Price Range ₹ 210 to ₹ 222
- Min Investment ₹ 14070
- Listing Exchange BSE, NSE
- Basis of Allotment 27-Sep-23
- Refunds 29-Sep-23
- Credit to Demat Account 03-Oct-23
- Listing Date 04-Oct-23
Sai Silks (Kalamandir) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Sep-23 | 0.00 | 0.04 | 0.12 | 0.07 |
| 21-Sep-23 | 0.50 | 0.27 | 0.27 | 0.34 |
| 22-Sep-23 | 12.17 | 2.54 | 0.91 | 4.47 |
Kalamandir IPO Synopsis
Sai Silks (Kalamandir) Limited IPO is all set to open from 20th September to 22nd September 2023. The company is involved in the business of ethnic apparel and value-fashion products. The IPO includes a fresh issue of 27,027,027 equity shares worth ₹600.00 cr and an Offer For Sale (OFS) of 27,072,000 equity shares worth ₹601.00 cr. The total IPO size is ₹1,201.00 cr. The share allotment date is 27th September, and the IPO will be listed on 4th October on the stock exchanges. The price band is ₹210 to ₹222 per share and the lot size is 67 shares.
Motilal Oswal Investment Advisors Limited, HDFC Bank Limited, and Nuvama Wealth Management Limited are the book-running lead managers for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Kalamandir IPO:
• To fund capital expenditure for setting up 25 new stores and 2 warehouses.
• To fund working capital requirements.
• To pre-pay or repay, full/part borrowings obtained by the company.
• Fund general corporate purposes.
Kalamandir IPO Video:
About Sai Silks (Kalamandir)
Established in 2005, Sai Silks (Kalamandir) Limited is involved in the business of ethnic apparel and value-fashion products. Drawing inspiration from the rich and diverse culture, traditions, and heritage of India, the company provides a wide range of products. This includes ultra-premium and premium sarees suitable for various occasions, including weddings, parties, and daily wear.
Sai Silks also offer an exquisite range of lehengas, men's ethnic attire, children's ethnic wear, and value fashion products, which includes fusion and western wear for women, men, and children.
Sai Silks operates four different formats of stores:
i) Kalamandir: It provides contemporary ethnic fashion options catering to the middle-income segment. The product offerings are sarees, including Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
ii) VaraMahalakshmi Silks: This includes premium ethnic silk sarees and handloom products, with a focus on wedding and occasional wear. The exquisite selections range from Banarasi, Patola, Kota, Kanchipuram, Paithani, Organza, and Kuppadam, with an emphasis on handwoven Kancheepuram silk sarees.
iii) Mandir: Mandir stores offer ultra-premium designer sarees tailored to high-net-worth individuals. This includes an exclusive range of designer sarees, such as Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam.
iv) KLM Fashion Mall: This format store offers affordable and value fashion products that cater to a wide audience, including fusion wear, daily wear sarees, and western attire for women, men, and children.
In addition to these physical stores, Sai Silks also sells products through e-commerce channels, including our website sskl.co.in and online e-commerce platforms.
Peer Comparison
• Vedant Fashions Limited
• Go Fashion (India) Limited
• TCNS Clothing Co. Limited
• Aditya Birla Fashion and Retail Limited
• Shoppers Stop Limited
• Trent Limited
For More Information:
Webstory on Sai Silks (Kalamandir) IPO
Kalamandir IPO GMP
Sai Silks (Kalamandir) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 1351.46 | 1129.32 | 677.25 |
| EBITDA | 212.53 | 133.04 | 62.36 |
| PAT | 97.59 | 57.69 | 5.13 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1220.45 | 842.49 | 665.42 |
| Share Capital | 24.06 | 24.06 | 24.06 |
| Total Borrowings | 823.11 | 541.83 | 422.43 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 41.23 | 45.59 | -15.20 |
| Net cash from / (used in) investing activities | -60.14 | -42.00 | -17.98 |
| Net cash flow from / (used in) financing activities | 14.90 | 0.698 | 19.43 |
| Net increase (decrease) in cash and cash equivalents | -4.009 | 4.29 | -13.76 |
Kalamandir IPO Key Points
-
Strengths
1. The company is among the leading ethnic and value-fashion retail companies in south India having a portfolio of established formats with focused sales and marketing strategy.
2. Leading ethnic wear retail brand in India with a scalable model.
3. It is well-positioned to leverage growth in the ethnic and value-fashion apparel industry in India.
4. Strong presence in offline and online marketplace with an omnichannel network.
5. Track record of growth, profitability and unit economics with an efficient operating model.
6. Planning to expand our footprint within India through owned stores and franchise networks by leveraging our brand appeal. -
Risks
1. The business is highly concentrated on the sale of women’s sarees and is vulnerable to variations in demand and changes in consumer preference.
2. Revenues are generated substantially from stores located in Southern India, which creates concentration risk.
3. The company operates in a fragmented market with unorganized and single-store players.
4. Any pandemic-like situation can impact the company’s profitability.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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Kalamandir IPO FAQs
What is the minimum lot size and investment required for the Sai Silks (Kalamandir) IPO?
The minimum lot size of Sai Silks (Kalamandir) is 67 shares and the investment required is ₹14,070.
What is the price band of the IPO?
The Price band of Sai Silks (Kalamandir) IPO is ₹210 to ₹222.
When does the Sai Silks (Kalamandir) IPO open and close?
Sai Silks (Kalamandir) IPO is open from 20th September to 22nd September 2023.
What is the size of the Sai Silks (Kalamandir) IPO?
The Sai Silks (Kalamandir) IPO includes a fresh issue of ₹1,201.00 cr.
What is the allotment date of the Sai Silks Limited IPO?
The share allotment date of Sai Silks (Kalamandir) IPO is 27th of September.
What is the Sai Silks (Kalamandir) IPO listing date?
The Sai Silks (Kalamandir) IPO will be listed on the 4th of October 2023.
Who are the book runners for the Sai Silks (Kalamandir) IPO?
Motilal Oswal Investment Advisors Limited, HDFC Bank Limited, and Nuvama Wealth Management Limited are the book-running lead managers for Sai Silks (Kalamandir) IPO.
What is the objective of Sai Silks (Kalamandir) IPO?
Sai Silks (Kalamandir) plans to utilize the raised capital from IPO to:
1. To fund capital expenditure for setting up 25 new stores and 2 warehouses.
2. To fund working capital requirements.
3. To pre-pay or repay, full/part borrowings obtained by the company.
4. Fund general corporate purposes.
How to apply for the Sai Silks (Kalamandir) IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Sai Silks Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sai Silks (Kalamandir) IPO
Contact Information
Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1
Bathina Apartments, Ameerpet
Hyderabad - 500 016
Phone: +91 40 6656 6555
Email: secretarial@sskl.co.in
Website: https://sskl.co.in/
Sai Silks (Kalamandir) IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sai Silks (Kalamandir) IPO Lead Manager
Motilal Oswal Investment Advisors Limited
Hdfc Bank Limited
Nuvama Wealth Management Limited
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