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

Sai Silks Kalamandir IPO Details: Sai Silks Kalamandir IPO date is fixed, the IPO is to hit the market on September 20 and will close on September 22. Sai Silks Kalamandir IPO to raise around ₹1201 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to 27,072,000 equity shares ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Sai Silks Kalamandir IPO

Table of Contents

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

IPO Open:September 20, 2023
IPO Close:September 22, 2023
IPO Size:Approx ₹1201 Crores
Fresh Issue:Approx ₹600 Crores
Offer for Sale:Approx 27,072,000 Shares
Face Value:₹2 Per Equity Share
IPO Price Band:₹210 to ₹222 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum167₹14,874
Retail Maximum13871₹193,362
S-HNI Minimum14938₹208,236
B-HNI Minimum684556₹1,011,432

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.

Anchor Investors Allotment:September 18, 2023
IPO Open Date:September 20, 2023
IPO Close Date:September 22, 2023
Basis of Allotment:September 26, 2023
Refunds:September 26, 2023
Credit to Demat Account:September 27, 2023
IPO Listing Date:September 27, 2023

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

  ₹ in Crores
YearRevenueExpensePAT
2021₹679₹672₹5.13
2022₹1133₹1056₹57.69
2023₹1359₹1225₹97.59

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.

Earning Per Share (EPS):₹8.11 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):24.56%
Net Asset Value (NAV):₹33.02 per Equity Share

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

What is Sai Silks Kalamandir IPO?

Sai Silks Kalamandir IPO is a main-board IPO. They are going to raise ₹1201 Crores via IPO. The issue is priced at ₹210 to ₹222 pr equity share. The IPO is to be listed on BSE & NSE.

When Sai Silks Kalamandir IPO will open?

The IPO is to open on September 20, 2023 for QIB, NII, and Retail Investors.

What is Sai Silks Kalamandir IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Sai Silks Kalamandir IPO?

You can apply for Sai Silks Kalamandir IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Sai Silks Kalamandir IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sai Silks Kalamandir”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Sai Silks Kalamandir IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sai Silks Kalamandir”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Sai Silks Kalamandir IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Sai Silks Kalamandir”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Sai Silks Kalamandir IPO Size?

Sai Silks Kalamandir IPO size is ₹1201 crores.

What is Sai Silks Kalamandir IPO Price Band?

Sai Silks Kalamandir IPO Price Band is ₹210 to ₹222.

What is the Sai Silks Kalamandir IPO Allotment Date?

Sai Silks Kalamandir IPO allotment date is September 26, 2023.

What is the Sai Silks Kalamandir IPO Listing Date?

Sai Silks Kalamandir IPO listing date is September 27, 2023. The IPO is to list on BSE and NSE.

Note: The Sai Silks Kalamandir IPO price band and date are officially announced yet. The IPO grey market premium (Sai Silks Kalamandir IPO Premium) will be added to the IPO grey market page as it will start).

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  3. Investing in this IPO is not only a smart financial move but also an opportunity to support a company that values traditional craftsmanship and cultural heritage.

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