Sai Silks (Kalamandir) IPO Review

 
Sai Silks (Kalamandir) IPO Review

IPO Open Date: September 20, 2023

IPO Close Date: September 22, 2023

IPO Price: ₹210 to ₹222 per share

Lot Size: 67 Shares

Listing: October 4, 2023

Sai Silks (Kalamandir)



Sai Silks (Kalamandir) IPO is scheduled to hit the market on September 20, 2023 and close on September 22, 2023. Sai Silks (Kalamandir) plans to raise around ₹1,201.00 Cr through an IPO with a sale of up to 54,099,027 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Founded in 2005, Sai Silks (Kalamandir) is a leading provider of ethnic apparel and value-fashion products that celebrate India's rich culture and traditions. Their extensive product range includes a wide variety of ultra-premium and premium sarees suitable for weddings, parties, occasions, and daily wear. They also offer an impressive selection of lehengas, men's ethnic wear, and children's ethnic wear, along with fusion wear and western wear for women, men, and children.

Sai Silks (Kalamandir) continues to be a go-to destination for those seeking a wide range of ethnic and fashionable attire inspired by India's vibrant heritage.

Sai Silks (Kalamandir) IPO Details

Sai Silks (Kalamandir) IPO opens on Sept 20, 2023, and closes on Sep 22, 2023. The Listing date for Sai Silks (Kalamandir) IPO is on Oct 04, 2023. The price band for IPO is ₹366 to ₹385 per share and lot size of 38 Shares.

IPO DateSept 20, 2023 to Sept 22, 2023
Listing DateOct 04, 2023
Price₹210 to ₹222 per share
Lot Size67 Shares
Issue Size₹1,201.00 Cr
Face Value₹2 per share

Sai Silks (Kalamandir) IPO Tentative Timetable

Sai Silks (Kalamandir) opening date is September 20, 2023 and close date is September 22, 2023. The IPO allotment date is September 27, 2023. The refund initiation of IPO is on September 29, 2023. The credit of shares in demat account is on October 3, 2023. The listing date is on October 4, 2023.

EventDate
IPO OpeningSept 20 2023
IPO ClosingSept 22, 2023
IPO Allotment DateSept 27, 2023
Refund InitiationSept 29, 2023
Shares Credit to DematOct 03, 2023
Lisiting DateOct 04, 2023

Sai Silks (Kalamandir) IPO Lot Size

Lot Size of this IPO is 67 shares. A retail-individual investor can apply for up to 13 lots (871 shares or ₹193,362).

CategoryLotsSharesAmount
Retail(Minimum)167₹14,874
Retail(Maximum)13871₹193,362
S-HNI (Minimum)14938₹208,236
B-HNI (Minimum)684,556₹1,011,432

Sai Silks (Kalamandir) IPO Promoter Holding

Pre Issue Share Holding78.36%
Post Issue Share Holding69.63%

Sai Silks (Kalamandir) IPO Review

The company has a significant retail presence in four South Indian states, boasting over 54 stores spanning approximately 603,414 square feet. Their focus on different store formats allows them to reach a wide customer base. In terms of financials, the company has demonstrated consistent revenue growth over the years, with revenue from operations reaching Rs. 13,514.69 million in fiscal 2023. It's important to note that Sai Silks (Kalamandir) Limited has posted profits in recent years, with a net profit of Rs. 97.59 million in fiscal 2023.

The Sai Silks (Kalamandir) IPO, with a total issue size of Rs 1,201.00 Crores, is scheduled to be open for subscription from September 20, 2023, to September 22, 2023. The IPO comprises both fresh equity shares and an offer for sale, with a price range of ₹210 to ₹222 per share. It will be listed on both BSE and NSE.

Investors should assess the company's financial performance and business strategy before considering participation in this IPO. Additionally, they should consider the company's growth prospects, especially its plans to set up new stores and warehouses, before making an investment decision.

Sai Silks (Kalamandir) IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Sai Silks (Kalamandir) IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Sai Silks (Kalamandir) IPO FAQs

What is Sai Silks (Kalamandir) IPO?

Sai Silks (Kalamandir) is issuing 54,099,027 equity shares with a face value of ₹2 each, totaling up to ₹1,201.00 Cr. The shares are being offered at a price of ₹210 to ₹222 each, with a minimum order quantity of 67 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Sai Silks (Kalamandir) IPO will open?

Sai Silks (Kalamandir) will open on September 20, 2023 for QIB, NII, and Retail Investors.

When Sai Silks (Kalamandir) IPO will end?

Sai Silks (Kalamandir) will end on September 22, 2023.

What is Sai Silks (Kalamandir) IPO Size?

Sai Silks (Kalamandir) IPO size is 1,201.00 Cr.

What is Sai Silks (Kalamandir) IPO Price Band?

Sai Silks (Kalamandir) price band is ₹210 to ₹222.

What is theSai Silks (Kalamandir) IPO Allotment Date?

Sai Silks (Kalamandir) allotment date is 27 September 2023.

What is the Sai Silks (Kalamandir) IPO Listing Date?

Sai Silks (Kalamandir) listing date is 04 October 2023. The IPO is to be listed on BSE and NSE.

How to Apply Sai Silks (Kalamandir) IPO through Zerodha?

To apply for the IPO “Sai Silks (Kalamandir)” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Sai Silks (Kalamandir) IPO through Upstox?

To apply for the IPO “Sai Silks (Kalamandir)” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Sai Silks (Kalamandir) IPO Allotment Status?

For Sai Silks (Kalamandir) IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Sai Silks (Kalamandir) IPO GMP?

You can check out here: Sai Silks (Kalamandir) IPO GMP

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