Sai Silks IPO Price: ₹210 to ₹222 per share
IPO Date Range: Sep 20, 2023 - Sep 22, 2023
Established in 2005, Sai Silks (Kalamandir) Limited has emerged as a notable name in the Indian retail sector. The company sells sarees, textiles, readymade garments, and gold jewellery, catering to a diverse clientele.
| IPO Date | September 20, 2023 to September 22, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Face Value | ₹2 per share |
| Price | ₹210 to ₹222 per share |
| Lot Size | 67 Shares |
| Total Issue Size | 54,099,027 shares (aggregating up to ₹1,201.00 Cr) |
| Fresh Issue | 27,027,027 shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 27,072,000 shares of ₹2 (aggregating up to ₹601.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 126,339,085 |
| Shareholding post issue | 153,366,112 |
The minimum lot size to apply in this Sai Silks (Kalamandir) IPO consists of 67 shares, requiring an investment of ₹14,874.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,874 |
| Retail (Max) | 13 | 871 | ₹193,362 |
| S-HNI (Min) | 14 | 938 | ₹208,236 |
| S-HNI (Max) | 67 | 4,489 | ₹996,558 |
| B-HNI (Min) | 68 | 4,556 | ₹1,011,432 |
| QIB Shares Offered | Not more than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| IPO Open Date | Wednesday, September 20, 2023 |
| IPO Close Date | Friday, September 22, 2023 |
| Basis of Allotment | Wednesday, September 27, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 22, 2023 |
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As of March 31, 2023, the company's assets stood at ₹1,220.45 crores, with a revenue of ₹1,358.92 crores. The profit after tax for the same period was ₹97.59 crores. Here, you can get the complete data of the past three years:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 665.42 | 842.49 | 1,220.45 |
| Revenue | 679.10 | 1,133.02 | 1,358.92 |
| Profit After Tax | 5.13 | 57.69 | 97.59 |
| Net Worth | 242.99 | 300.66 | 397.33 |
| Reserves and Surplus | 218.93 | 276.60 | 373.27 |
| Total Borrowing | 217.22 | 260.49 | 345.50 |
The market capitalization of Sai Silks (Kalamandir) IPO stands at Rs 3404.73 Crore, with a P/E ratio of 27.37.
| KPI | Values |
|---|---|
| P/E (x) | 27.37 |
| Market Cap (₹ Cr.) | 3404.73 |
| ROE | 27.96% |
| ROCE | 23.55% |
| Debt/Equity | 0.87 |
| EPS (Rs) | 8.11 |
| RoNW | 24.56% |
The net proceeds from the IPO will be utilized for:
Prospectus: Official documents that provide detailed information about the IPO and the company. Sai Silks (Kalamandir) IPO DRHP and Sai Silks (Kalamandir) IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Sai Silks (Kalamandir)" IPO is ₹210 to ₹222 per share.
The "Sai Silks (Kalamandir)" IPO is expected to be listed on Wednesday, October 4, 2023.
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