Sai Silks (Kalamandir) Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹210 - ₹222
- Lot size
- 67 shares
- Issue amount
- ₹1,201 cr
- Total subscription
- 4.4×
- Opens
- 20 Sept 2023
- Closes
- 22 Sept 2023
- Allotment
- 25 Sept 2023
- Listing
- 27 Sept 2023
Offer at a glance
Issue overview
- Issue size
- 5,40,99,027 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹14,070
- Fresh issue
- ₹600 cr
- Offer for sale
- ₹601 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,874
- Issue type
- Book Built Issue IPO
- Shares before issue
- 12,63,39,085
- Shares after issue
- 15,33,66,112
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 67 | ₹14,874 |
| sHNI | 14 | 938 | ₹2,08,236 |
| bHNI | 68 | 4,556 | ₹10,11,432 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 236.75 | 2,923.29 |
| RETAIL | 432.35 | 380.81 |
| NIB | 185.29 | 457.89 |
| HNIs 2+ | 61.76 | 94.09 |
| HNIs 10+ | 123.53 | 363.8 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 8.11 |
| ROE | 27.96 |
| ROCE | 23.55 |
| RONW | 24.56 |
| PRE IPO(PE) | 27.37 |
| POST IPO(PE) | 34.91 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2005, Sai Silks (Kalamandir) Limited is a South India-based retailer of ethnic apparel and value-fashion products, offering a wide range of ultra-premium and premium sarees for weddings, parties, occasions, and daily wear, along with lehengas, men’s and children’s ethnic wear, and fusion and western wear. The company operates four store formats: Kalamandir for middle-income contemporary ethnic fashion, VaraMahalakshmi Silks for premium silk sarees and handlooms, Mandir for ultra-premium designer sarees targeting high net worth individuals, and KLM Fashion Mall for affordable value fashion. Sai Silks also sells through its website and other e-commerce platforms. As of July 31, 2023, it has 54 stores across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu with a total area of approximately 603,414 sq. ft. The company recorded revenues of ₹13,514.69 million in FY23, ₹11,293.23 million in FY22, and ₹6,772.48 million in FY21.
Promoters
Nagakanaka Durga Prasad Chalavadi
Jhansi Rani Chalavadi
Registrar & documents
Lead manager
Motilal Oswal Investment Advisors Limited, Hdfc Bank Limited, Nuvama Wealth Management Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
6-3-790/8, Flat No. 1 Bathina Apartments, Ameerpet Hyderabad - 500 016
+91 40 6656 6555
[email protected]Company website ↗Understanding KALAMANDIR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.