IPO Trending
KALAMANDIREQ / NSE, BSEListed
Sai Silks (Kalamandir)

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.

DRHPANCHOR
₹210 - ₹2224.4x sub
Listed Price₹231.00
Listing Gain+4.05%

IPO Schedule & Timeline

Book Built Issue IPO
Open20 Sep 2023
Close22 Sep 2023
Allotment25 Sep 2023
Listing27 Sep 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail1,89,34,660 shares
35%
Nii(hni)81,14,855 shares
15%
QIB2,70,49,512 shares
50%

Minimum Application Lots

Retail1 Lot (67 shares)
₹14,874
sHNI14 Lots (938 shares)
₹2,08,236
bHNI68 Lots (4,556 shares)
₹10,11,432

Company Promoters

Nagakanaka Durga Prasad ChalavadiJhansi Rani Chalavadi

Company Background

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 forma...

Lead Managers & Bankers

Motilal Oswal Investment Advisors LimitedHdfc Bank LimitedNuvama Wealth Management Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2023)₹1358.92 Cr
Growth+15.3%
Revenue Trend (₹ in Crores)
0.0520.91.0k1.6kMar 2020Mar 2021Mar 2022Mar 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 20231,358.9297.591,220.45345.50
Mar 20221,358.9257.69842.49260.49
Mar 2021679.105.13665.42217.22
Mar 20201,178.6242.10692.76164.70

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values8.1127.96%23.55%27.3734.91

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
25 Sep 2023
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
27 Sep 2023

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Sai Silks (Kalamandir). Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

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Allotment Schedule & Milestones

IST
1. Allotment Finalization25 Sep 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date27 Sep 2023Trading commences on exchange

How to Check Sai Silks (Kalamandir) Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Sai Silks (Kalamandir) IPO

Complete issue overview for Sai Silks (Kalamandir) (KALAMANDIR) IPO. The issue features an equity share price band of ₹210 – ₹222 per share with a minimum retail lot size of 67 Shares (minimum application amount of ₹14,874). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions