Sai Silks Kalamandir IPO Subscription Status – IPO Closed

Sai Silks Kalamandir IPO subscription status started on Wednesday September 20, 2023 and will close on September 22, 2023. Sai Silks Kalamandir IPO to raise around ₹1201 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹210 to ₹222 per equity share.
Sai Silks Kalamandir IPO

Table of Contents

The Sai Silks Kalamandir IPO minimum market lot is 67 shares with ₹14,874 application amount. The Sai Silks Kalamandir IPO is a Mainline IPO, and it is to be listed on BSE and NSE.

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.


IPOWatch View

We recommend investors may apply for an IPO with long-term views. Investors should also look at the QIB, NII, and Retail numbers before investing.

Sai Silks Kalamandir IPO Subscription Status – Day 3

CategorySubscription Numbers
QIB12.17
NII2.54
bNII3.03
sNII1.57
RII0.91
Total4.47


Sai Silks Kalamandir IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

Sai Silks Kalamandir IPO Review

  • May Apply

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 online. Check out the Sai Silks Kalamandir forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Sai Silks Kalamandir IPO Subscription Status FAQs:


When Sai Silks Kalamandir IPO Subscription will start?

The IPO subscription starts on September 20, 2023 for QIB, NII, and Retail Investors.

How to subscribe Sai Silks Kalamandir IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live Sai Silks Kalamandir IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

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 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.

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6 Responses

  1. I particularly appreciate the attention to detail that goes into every aspect of the store. The ambiance is soothing and conducive to unhurried shopping, allowing customers to appreciate the intricacies of each saree. The store’s commitment to quality is also reflected in the impeccable stitching and finishing of the sarees, ensuring they are ready to wear and make a statement.

  2. I am a big fan of Sai Silks Kalamandir products and services. I have been buying their sarees for many years and I have always admired their quality and innovation. They have a wide range of products, such as sarees, dress materials, ready-made garments, accessories, etc. They also provide value-added services, such as customization, alteration, stitching, etc. They have a strong brand image and customer loyalty in the retail textile industry. They are launching their IPO with impressive financial performance and growth prospects . I think this is a great opportunity to invest in a leading retail textile company that has a strong presence in South India.

  3. My recent visit to Sai Silk Kala Mandir was a revelation in the world of saree shopping. As someone who appreciates the timeless beauty of sarees, I was utterly impressed by the exceptional quality and variety offered by this store.

  4. Sai Silks Kalamandir IPO is one of the most awaited IPOs of this year. The company is one of the top retailers of ethnic clothing, especially sarees, in South India (Source: Technopark Report). The company has a network of 54 retail locations as of FY 22 E. The company offers a variety of products, such as sarees, dress materials, ready-made garments, accessories, etc. It also offers value-added services, such as customization, alteration, stitching, etc. The company has a loyal customer base and a reputation for quality and innovation. The company has reported a CAGR of 18.64% in revenue and 20.39% in PAT for the last three years. The company is launching its IPO with an attractive price band of Rs 210-222 per share. I think this is a rare chance to invest in a promising and innovative company that has a bright future ahead.

  5. Sai Silk Kala Mandir is synonymous with premium quality, offering a luxurious array of silk products that define elegance and sophistication.

  6. Sai Silks Kalamandir IPO is highly anticipated this year, as it’s considered one of the standout initial public offerings. This company is a prominent player in the ethnic clothing market, particularly renowned for its sarees, within the South Indian region, as reported by the Technopark Report.

    As of FY 22, the company boasts an extensive network of 54 retail outlets. Their product portfolio spans across various categories, including sarees, dress materials, ready-made garments, accessories, and more. They also offer value-added services like customization, alteration, and stitching, setting them apart in the market.

    Sai Silks Kalamandir enjoys a dedicated customer base and has earned a stellar reputation for both quality and innovation in the industry. Over the last three years, the company has shown impressive growth, with a Compound Annual Growth Rate (CAGR) of 18.64% in revenue and 20.39% in Profit After Tax (PAT).

    Investors are eyeing this IPO with interest due to its attractive price range of Rs 210-222 per share. It’s seen as a unique opportunity to invest in a promising and innovative company with a bright future.


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