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KALAMANDIREQ / NSE, BSEListed

Sai Silks (Kalamandir) Limited

Incorporated in 2005, Sai Silks (Kalamandir) Limited is a South India-based retailer of ethnic apparel and value-fashion products, offering a wide range of ultra-premium and premium sarees for weddings, parties, occasions, and daily wear, along with lehengas, men’s and children’s ethnic wear, and fusion and western wear. The company operates four store formats: Kalamandir for middle-income contemporary ethnic fashion, VaraMahalakshmi Silks for premium silk sarees and handlooms, Mandir for ultra-premium designer sarees targeting high net worth individuals, and KLM Fashion Mall for affordable value fashion. Sai Silks also sells through its website and other e-commerce platforms. As of July 31, 2023, it has 54 stores across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu with a total area of approximately 603,414 sq. ft. The company recorded revenues of ₹13,514.69 million in FY23, ₹11,293.23 million in FY22, and ₹6,772.48 million in FY21.

₹210 - ₹2224.4x sub
Listed Price231.00
Listing Gain+4.05%
TimelineBook Built Issue IPO
Open20 Sep 2023
Close22 Sep 2023
Allotment25 Sep 2023
Listing27 Sep 2023

Quota Reservation Portions

RetailPortion: 1,89,34,660 shares
35%
Nii(hni)Portion: 81,14,855 shares
15%
QIBPortion: 2,70,49,512 shares
50%

Minimum Application Bracket Matrix

Retail1 lots / 67 shares
₹14,874
sHNI14 lots / 938 shares
₹2,08,236
bHNI68 lots / 4,556 shares
₹10,11,432

About the Company

Incorporated in 2005, Sai Silks (Kalamandir) Limited is a South India-based retailer of ethnic apparel and value-fashion products, offering a wide range of ultra-premium and premium sarees for weddings, parties, occasions, and daily wear, along with lehengas, men’s and children’s ethnic wear, and fusion and western wear. The company operates four store formats: Kalamandir for middle-income contemporary ethnic fashion, VaraMahalakshmi Silks for premium silk sarees and handlooms, Mandir for ultra-premium designer sarees targeting high net worth individuals, and KLM Fashion Mall for affordable value fashion. Sai Silks also sells through its website and other e-commerce platforms. As of July 31, 2023, it has 54 stores across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu with a total area of approximately 603,414 sq. ft. The company recorded revenues of ₹13,514.69 million in FY23, ₹11,293.23 million in FY22, and ₹6,772.48 million in FY21.

Company Promoters

Nagakanaka Durga Prasad ChalavadiJhansi Rani Chalavadi
Sai Silks (Kalamandir) Limited IPO Details | GMP, Allotment & Financials | IPO Trending