Sai Silk Kalamandir is set to launch an IPO which will open on September 20, 2023, and close on September 22, 2023. Through this public offer company wants to raise Rs.1,201 Crore from the primary market, Company fixed the IPO price of Rs. 222 with a minimum lot of 67 shares, and list on October 04, according to the preliminary papers draft red herring prospectus (DRHP) filed to the capital market regulator SEBI.
SAI SILK KALAMANDIR is a South India-based retailer of ethnic apparel especially in sarees. The company has four store format (KLM Fashion Mall, VaraMahalashmi Slik, and Mandir) and come in top 10 retailers of ethnic apparel, as of March 2023 company has 54 store with a focus on spreading India’s vibrant culture, tradition, and heritage by offering a diverse range of products for men, woman’s and kids.
In the fiscal year 2023, the company generated Rs. 1,358.92 Crore in revenue from operations, and Rs. 1,133.02 crore in the year 2022.
Check out the IPO allotment status on IPO Deliver.
#Sai Silk Kalamandir IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- Rs. 122.5 & 23.3 crore of the total net proceeds fund will be used for capital expenditure purposes for setting up new stores and warehouses respectively.
- Rs. 235.99 crore of the total net proceeds fund will be used for the working capital requirement of the company.
- Rs. 60 crore of the total net proceeds fund will be used for repayment or prepayment in part or full of the borrowing funds.
- The rest funds will be used for general corporate purposes and offer expenses.
#Sai Silk Kalamandir Strength
- Experienced management team
- Strong position in the market
- Leading apparel retail brand in India
- Good track record of profitability and growth
#Sai Silk Kalamandir Forward Statements
- Company required high inventory costs.
- The current location of stores become unattractive
#Sai Silk Kalamandir IPO Review & Rating
| Issue Size | 1,201 crore (Book built issue) |
| Issue Price | Rs. 222 per share |
| Lot size | 67 shares |
| Market Capitalization | 3,404.73 crore |
| Profit – 2023 | 97.59 crore |
| Total Assets – 2023 | 1,220.45 crore |
| Debt/Equity ratio | 0.87 |
| NAV Value | Rs. 33.02 per share |
| Pre-offer Promoter holding | 95.23% |
| Listing on Stock Exchanges | Mainboard (NSE & BSE) |
| IPO Deliver Rating | Five |
#Sai Silk Kalamandir IPO Dates, Price Band, Lot Size & Details
Sai Silk Kalamandir IPO is open on September 20, 2023, and closes on September 22, 2023. The IPO list on October 04, 2023.
| Type of issue | Fresh issue and offer for sale |
| Issue Size | Rs. 1,201 Crore |
| Price band | Rs. 210-222 per share |
| Lot size | 67 equity shares |
| Face Value | Rs.2 each equity share |
| IPO Open | September 20, 2023 |
| IPO Close | September 22, 2023 |
| IPO Allotment Date | September 27, 2023 |
| Refund Date | September 29, 2023 |
| Listing Date | October 04, 2023 |
| Fresh Issue | Rs. 600 Crore (27,027,027 equity share) |
| Offer for sale | Rs. 601 Crore (27,072,000 equity share) |
#Sai Silk Kalamandir Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Total Revenue | 13,514.69 | 11,293.23 | 6,772.48 |
| Net worth | 3,973.34 | 3,006.61 | 2,429.90 |
| Profit after Tax (PAT)
|
975.88 | 576.87 | 51.31 |
| Total Borrowings
|
3,454.98 | 2,604.69 | 2,172.24 |
#Sai Silk Kalamandir IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 8.11 | 4.79 | 0.43 |
| Diluted EPS | 8.11 | 4.79 | 0.43 |
| RoNW | 24.56 | 19.19 | 2.11 |
| NAV | 33.02 | 24.99 | 20.19 |
#Sai Silk Kalamandir IPO Industry peers
| Company | EPS | P/E Ratio | RoNW | NAV |
| Go Fashion Ltd. | 15.33 | 87.74 | 15.91 | 96.36 |
| TCNS Clothing | (2.75) | N/A | N/A | 99.10 |
# Sai Silk Kalamandir Company Promoter
The company has nine Promoters
- N.D.P Chalavadi
- J.R. Chalavadi
- Pre-offer shareholding: 54.16 % (68,427,000 equity shares)
- The average cost of acquisition for promoter: Rs. 5.48- 19.81 per equity share.
# Sai Silk Kalamandir IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter & promoter group shareholding 95.23%
Post-offer promoter & promoter group shareholding 60.80%
# Sai Silk Kalamandir IPO Reservation
Retail investor (QIB): Not more than 50% of the offer size i.e. 27,049, 514 equity shares.
NII: Not more than 15% of the offer size i.e. 8,114,854 equity shares
RII: Not less than 35% of the offer size i.e 18,934,659 equity shares
# Sai Silk Kalamandir IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
# Sai Silk Kalamandir IPO Registrar
Bigshare Services Private Limited
Tel: +91 022 62638200 and Email: ipo@bigshareonline.com
Website: www. bigshareonline.com
# Sai Silk Kalamandir IPO lead manager
#1. Motilal Oswal Financial Services Limited
Tel No.: +91 22 7193 4380 and Email: ipo@motilaloswal.com
Website: www. motilaloswal.com
#2. HDFC Bank Limited
Tel No.: +91 22 3395 8233 and Email: signatureglobal.ipo@hdfcbank.com
Website: www. hdfcbank.com
#3. Nuvma Wealth Management Limited
Tel No.: +91 22 4009 4400 and Email: sskl.ipo@nuvma.com
Website: www. nuvma.com
#Sai Silk Kalamandir IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “Sai Silk Kalamandir Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Sai Silk Kalamandir Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
# Sai Silk Kalamandir Company Details
Sai Silk Kalamandir Limited (Established 2008)
Regd. Off: 6-3-790/8, Flat No. 1 Bathina Apartments, Ameerpet Hyderabad 500 016 Telangana, India
Tel: +91 40 666565 55 & Email: secretarial@sskl.co.in
Website: www. sskl.co.in
Investor Grievances/Compliance Officer: Mr. M. K. B. Teja
Subsidiary Companies: NO
# Sai Silk Kalamandir Company Board (Top 2)
Mrs. J.R Chalavadi, Whole time Director
Mr. N.D.P Chalavadi, Managing Director
# Sai Silk Kalamandir IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is Sai Silk Kalamandir IPO Open date?
Ans: Sai Silk Kalamandir IPO opening date is September 20 – September 22, 2023.
Q-2 what is Sai Silk Kalamandir IPO Close date?
Ans: Sai Silk Kalamandir IPO opening date is September 22, 2023
Q-3 What is Sai Silk Kalamandir IPO Listing date?
Ans: Sai Silk Kalamandir IPO opening date is October 04, 2023
Q-4 What is Sai Silk Kalamandir IPO Minimum investment amount?
Ans: Sai Silk Kalamandir IPO minimum investment amount is Rs. 14,874.
Q-5 What is Sai Silk Kalamandir IPO offer issue Size?
Ans: Sai Silk Kalamandir offer an issue size of Rs. 1,201 crores, which comprise fresh issue and offer for sale.
Q-6 What is Sai Silk Kalamandir IPO Price Band?
Ans: Sai Silk Kalamandir IPO price band is Rs 210-222 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is Sai Silk Kalamandir IPO mainboard IPO or SME IPO?
Ans: Sai Silk Kalamandir IPO is the Mainboard IPO.
Q-9 Sai Silk Kalamandir IPO Rating by IPO Deliver Team?
Ans: Five Rating
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