Sai Silks Kalamandir IPO Date, Review, Price, Allotment, Analysis

Sai Silks (Kalamandir) is one of the largest retailers of ethnic apparel, particularly sarees, in south India in terms of revenues and profit after tax in Fiscal 2019, 2020, and 2021. Through their four store formats, i.e., Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, they offer our products to various segments of the market that include premium ethnic fashion, ethnic fashion for middle income, and value-fashion, with a variety of products across different price points, thereby catering to customers across all market segments. They leverage their store network of 46 stores as of May 31, 2022, to focus on spreading India’s vibrant culture, traditions, and heritage by offering a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, as well as 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.

The share of organized retailing in apparel has increased from 14% in Fiscal 2007 to 32% in Fiscal 2020. The evolution of the market, in its current phase, represents a distinct segmentation of channels of organized retail for apparel. This phase also represents the emergence of category leaders in respective groups of Western (formal and casual), Indian, and athleisure. Historically, the ethnic retail trade of sarees was dominated by unorganized players in small format stores with very few organized players. Their founders recognized the opportunity and to address the gap in the market, they commenced operations in 2005. Today, they offer one of the widest portfolios of saree SKUs among women’s apparel brands in India. with large retail outlets that provide customers with a wide variety of options in ethnic wear across various price points.

Sai Silks Kalamandir believes our stores provide a unique experience and customer service, which combined with their inventory and variety of SKUs that they offer, enables them to attract and retain a growing customer base that, as of May 31, 2022, exceeded over 5.00 million customers in India.

Objects of the Issue

• 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 IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Sai Silks Kalamandir IPO Date & Price Band Details

Sai Silks Kalamandir IPO Market Lot

The Sai Silks Kalamandir IPO minimum market lot is 67 shares with ₹14,874 application amount. The retail investors can apply up-to 13 lots with 871 shares or ₹193,362 amount.

Sai Silks Kalamandir IPO Allotment & Listing Dates

The Sai Silks Kalamandir IPO date is September 20 and the close date is September 22. The Sai Silks Kalamandir IPO allotment will be finalized on September 26 and the IPO listing on September 27.

You can check IPO subscription status and IPO allotment status on their respective pages.

Sai Silks Kalamandir IPO Form

How to apply for the Sai Silks Kalamandir IPO? You can apply for Sai Silks Kalamandir IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sai Silks Kalamandir IPO in the Invest section. The other option is you can apply for Sai Silks Kalamandir IPO via IPO forms downloaded via NSE and BSE. Check out the Sai Silks Kalamandir forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Sai Silks Kalamandir Company Financial Report

Sai Silks Kalamandir IPO Valuation – FY2023

Check Sai Silks Kalamandir IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Vedant Fashions Limited
• TCNS Clothing Co. Limited
• Go Fashion (India) Limited
• Aditya Birla Fashion and Retail Limited
• Shoppers Stop Limited
• Trent Limited

Company Promoters

• Nagakanaka Durga Prasad Chalavadi
• Jhansi Rani Chalavadi

Sai Silks Kalamandir IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html

Sai Silks Kalamandir IPO Allotment Status Check

Check Sai Silks Kalamandir IPO allotment status on Bigshare Services website allotment URL. Click Here

Sai Silks Kalamandir IPO Lead Managers aka Merchant Bankers

• Motilal Oswal Investment Advisors Limited
• Hdfc Bank Limited
• Nuvama Wealth Management Limited

Company Address

Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1
Bathina Apartments, Ameerpet
Hyderabad – 500 016
Phone: +91 40 6656 6555
Email: [email protected]
Website: https://sskl.co.in/

Sai Silks Kalamandir IPO FAQs