Sai Silks (Kalamandir)  IPO Details

Open Date

20 Sep 2023

22 Sep 2023


₹1,201.00 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹210 to ₹222

Close Date

Allotment Date

27 Sep 2023

04 Oct 2023

IPO Details

Sai Silks (Kalamandir) Limited, founded in 2005, sells ethnic clothing and value-fashion items. Inspired by India's vibrant culture, traditions, and heritage, the company offers a diverse range of products such as wedding sarees, party wear, occasional and daily wear, lehengas, men's ethnic wear, children's ethnic wear, and value fashion products such as fusion wear and western wear for women, men, and children. Sai Silks has four different store formats: Kalamandir: It provides current ethnic apparel for the middle class, including sarees in Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.

About the Company

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


The book-running lead managers to the offer are: Motilal Oswal Investment Advisors Ltd  Hdfc Bank Ltd  Nuvama Wealth Management Ltd 

Book Runners

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