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Posted on  September 15, 2023 under  by Team Lakshmishree

Sai Silks IPO Details - Complete Overview of Sai Silks (Kalamandir) Limited IPO Details

Sai Silks IPO Price: ₹210 to ₹222 per share
IPO Date Range:
Sep 20, 2023 - Sep 22, 2023

Sai Silks IPO

Foundation and Business Essence:

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.

Retail Presence and Expansion:

  • Store Locations: Sai Silks operates through multiple retail outlets in prominent cities such as Hyderabad, Bengaluru, and Vijayawada.
  • Diverse Product Range: The company boasts an extensive collection of sarees, including designer, bridal, and everyday wear, alongside various textiles and garments. Their gold jewellery segment further enhances their retail offerings.

Growth and Achievements:

  • Brand Recognition: Over the years, Sai Silks has built a reputation for quality, variety, and affordability, making it a preferred choice for many customers.
  • Consistent Expansion: The company has consistently expanded its retail footprint, ensuring a wide reach and accessibility for its customers.

Bidding Starts In

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Sai Silks (Kalamandir) IPO Specifics:

IPO DateSeptember 20, 2023 to September 22, 2023
Listing DateWednesday, October 4, 2023
Face Value₹2 per share
Price₹210 to ₹222 per share
Lot Size67 Shares
Total Issue Size54,099,027 shares
(aggregating up to ₹1,201.00 Cr)
Fresh Issue27,027,027 shares
(aggregating up to ₹600.00 Cr)
Offer for Sale27,072,000 shares of ₹2
(aggregating up to ₹601.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue126,339,085
Shareholding post issue153,366,112

Sai Silks (Kalamandir) IPO Lot Size

The minimum lot size to apply in this Sai Silks (Kalamandir) IPO consists of 67 shares, requiring an investment of ₹14,874.

ApplicationLotsSharesAmount
Retail (Min)167₹14,874
Retail (Max)13871₹193,362
S-HNI (Min)14938₹208,236
S-HNI (Max)674,489₹996,558
B-HNI (Min)684,556₹1,011,432

Sai Silks IPO Reservation

QIB Shares OfferedNot more than 75.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer

Sai Silks IPO Timetable (Important Dates)

IPO Open DateWednesday, September 20, 2023
IPO Close DateFriday, September 22, 2023
Basis of AllotmentWednesday, September 27, 2023
Initiation of RefundsFriday, September 29, 2023
Credit of Shares to DematTuesday, October 3, 2023
Listing DateWednesday, October 4, 2023
Cut-off time for UPI mandate confirmation5 PM on September 22, 2023

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Sai Silks (Kalamandir) IPO Financial Information

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 Ended31 Mar 202131 Mar 202231 Mar 2023
Assets665.42842.491,220.45
Revenue679.101,133.021,358.92
Profit After Tax5.1357.6997.59
Net Worth242.99300.66397.33
Reserves and Surplus218.93276.60373.27
Total Borrowing217.22260.49345.50
Amount in ₹ Crore

Key Performance Indicator - Sai Silks (Kalamandir) Limited IPO

The market capitalization of Sai Silks (Kalamandir) IPO stands at Rs 3404.73 Crore, with a P/E ratio of 27.37.

KPIValues
P/E (x)27.37
Market Cap (₹ Cr.)3404.73
ROE27.96%
ROCE23.55%
Debt/Equity0.87
EPS (Rs)8.11
RoNW24.56%

Objects of the Issue:

The net proceeds from the IPO will be utilized for:

  • Setting up new retail outlets and expanding the existing ones.
  • Investing in their subsidiary, Sai Silks Incorporation, USA.
  • Meeting the working capital requirements.
  • Addressing general corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Sai Silks (Kalamandir) IPO DRHP and Sai Silks (Kalamandir) IPO RHP.

Frequently Asked Questions

What is an IPO?

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.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Sai Silks (Kalamandir)" IPO?

The price range for the"Sai Silks (Kalamandir)" IPO is ₹210 to ₹222 per share.

When will the "Sai Silks (Kalamandir)" IPO be listed on the stock exchange?

The "Sai Silks (Kalamandir)" IPO is expected to be listed on Wednesday, October 4, 2023.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Team Lakshmishree

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CIN No U74110MH2005PLC157942     |    Member Ship Details     |    BSE-3281     |    NSE-12817     |    MCX-55910     |    DP:IN-DP-CDSL-490-2008     |    DPID:12059100    |    SEBI Regn. No.: INZ000170330     |    Mutual Fund: ARN-77739    |    Research Analyst: registration number INH000014395
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