Sai Silks IPO GMP, Price, Date, Allotment

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Last updated on September 28, 2023

Sai Silks (Kalamandir) IPO GMP

Sai Silks IPO Description – Incorporated in 2005, Sai Silks (Kalamandir) offers various types of ultra-premium and premium sarees suitable for weddings, party wear, occasional and daily wear, lehengas, men’s ethnic wear, children’s ethnic wear and value fashion products comprising fusion wear and western wear for women, men, and children.

Sai Silks has four different format stores:

  • Kalamandir: Here it offers contemporary ethnic fashion for the middle income, this includes varieties of sarees, such as Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
  • VaraMahalakshmi Silks: Here it offers premium ethnic silk sarees and handlooms targeting wedding and occasional wear, such as Banarasi, Patola, Kota, Kanchipuram, Paithani, and Organza, Kuppadam, with a focus on handlooms such as Kacheepuram silk sarees.
  • Mandir: Here it offers ultra-premium designer sarees targeting high net worth individuals, such as designer sarees such as Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam.
  • KLM Fashion Mall: Here it offers value fashion at affordable price points, such as fusion wear, sarees for daily wear, and western wear for women, men, and children.

As of 31 May 2022, the company has over 46 stores in four south Indian states namely Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, with an aggregate area of 550,815 square feet. The company recorded INR 1,129.32 crore, INR 677.25 crore, and INR 1,175.56 crore in revenue from operations in the FY 2022, 2021, and 2020 respectively. The EBITDA has increased from INR 103.71 crore in FY 2020 to INR 133.05 crore in FY 2022, while the EBITDA Margin has increased from 8.82% in FY 2020 to 11.78% in FY 2022.

Sai Silks (Kalamandir)

Promoters of Sai Silks (Kalamandir) – Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi


Sai Silks (Kalamandir) IPO Details

Sai Silks IPO Dates20 – 22 September 2023
Sai Silks IPO PriceINR 210 – 222 per share
Fresh issue27,027,027 shares (INR 567.57 – 600 crore)
Offer For Sale27,072,000 shares (INR 568.51 – 601 crore)
Total IPO size54,099,027 shares (INR 1,168.51 – 1,201 crore)
Minimum bid (lot size)67 shares (INR 14,874)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

Sai Silks (Kalamandir) Financial Performance

 FY 2020FY 2021FY 2022FY 2023
Revenue1,175.56677.251,129.321,351.46
Expenses1,125.24671.791,055.731,225.35
Net income42.125.3957.6796.67
Margin (%)3.580.805.117.15
Figures in INR crore unless specified otherwise

Sai Silks Offer News


Sai Silks (Kalamandir) Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
EPS3.590.434.798.11
PE ratio–––25.89 – 27.37
RONW (%)18.182.1119.1924.56
NAV––24.9933.02
ROCE (%)24.398.5121.7123.55
EBITDA (%)8.829.2111.789.21
Debt/Equity0.710.890.870.89
*Compiled by IPO Central from Prospectus

Sai Silks IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
26 September 202313300800
25 September 202315350800
23 September 202315350800
22 September 202315350900
21 September 202315–8,000
20 September 202310––
19 September 202315––
18 September 202315––
16 September 202315––
15 September 202315––

Sai Silks (Kalamandir) IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered1,06,64,59483,46,5151,94,75,2003,84,86,309
22 Sep 202312.352.470.884.40
21 Sep 20230.510.270.260.33
20 Sep 20230.000.070.190.11

Sai Silks (Kalamandir) IPO Allotment Status

Sai Silks (Kalamandir) IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Sai Silks IPO Dates & Listing Performance

Sai Silks IPO Opening Date20 September 2023
Sai Silks IPO Closing Date22 September 2023
Finalization of Basis of Allotment26 September 2023
Initiation of refunds26 September 2023
Transfer of shares to demat accounts26 September 2023
Sai Silks IPO Listing Date27 September 2023
Opening Price on NSEINR 231 per share (up 4.05%)
Closing Price on NSEINR 244.9 per share (up 10.32%)

Sai Silks (Kalamandir) IPO Reviews – Subscribe or Avoid?

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SMC Global – 2/5
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Swastika Investmart –
Systematix – Not Rated
Ventura Securities – Subscribe


Sai Silks (Kalamandir) Offer Lead Manager

MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Tel: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com


Sai Silks (Kalamandir) Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com


Sai Silks (Kalamandir) Contact Details

SAI SILKS (KALAMANDIR) LIMITED
6-3-790/8, Flat No. 1, Bathina Apartments,
Ameerpet, Hyderabad 500 016, Telangana, India
Phone: +91 40 6656 6555
Email: [email protected]
Website: www.sskl.co.in


Sai Silks (Kalamandir) IPO FAQs

How many shares in Sai Silks (Kalamandir) IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Sai Silks (Kalamandir) Public Offer?

The best way to apply in Sai Silks (Kalamandir) public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Sai Silks IPO GMP today?

Sai Silks IPO GMP today is INR 13 per share.

What is Sai Silks (Kalamandir) kostak rate today?

Sai Silks (Kalamandir) kostak rate today is INR 300 per application.

What is Sai Silks (Kalamandir) Subject to Sauda rate today?

Sai Silks (Kalamandir) Subject to Sauda rate today is INR 800 per application.

19 COMMENTS

  1. Sai Silk Kala Mandir is synonymous with premium quality, offering a luxurious array of silk products that define elegance and sophistication.

  2. Sai Silk Kala Mandir radiates goodwill through its exquisite silk creations, embodying craftsmanship and tradition in every thread. A treasure trove for silk enthusiasts!

  3. Sai Silks Kalamandir IPO is highly anticipated this year, as it’s considered one of the standout initial public offerings. This company is a prominent player in the ethnic clothing market, particularly renowned for its sarees, within the South Indian region, as reported by the Technopark Report.

    As of FY 22, the company boasts an extensive network of 54 retail outlets. Their product portfolio spans across various categories, including sarees, dress materials, ready-made garments, accessories, and more. They also offer value-added services like customization, alteration, and stitching, setting them apart in the market.

    Sai Silks Kalamandir enjoys a dedicated customer base and has earned a stellar reputation for both quality and innovation in the industry. Over the last three years, the company has shown impressive growth, with a Compound Annual Growth Rate (CAGR) of 18.64% in revenue and 20.39% in Profit After Tax (PAT).

    Investors are eyeing this IPO with interest due to its attractive price range of Rs 210-222 per share. It’s seen as a unique opportunity to invest in a promising and innovative company with a bright future.

  4. Sai Silks Kalamandir IPO is one of the most awaited IPOs of this year. The company is one of the top retailers of ethnic clothing, especially sarees, in South India (Source: Technopark Report). The company has a network of 54 retail locations as of FY 22 E. The company offers a variety of products, such as sarees, dress materials, ready-made garments, accessories, etc. It also offers value-added services, such as customization, alteration, stitching, etc. The company has a loyal customer base and a reputation for quality and innovation. The company has reported a CAGR of 18.64% in revenue and 20.39% in PAT for the last three years. The company is launching its IPO with an attractive price band of Rs 210-222 per share. I think this is a rare chance to invest in a promising and innovative company that has a bright future ahead.

  5. I am a big fan of Sai Silks Kalamandir products and services. I have been buying their sarees for many years and I have always admired their quality and innovation. They have a wide range of products, such as sarees, dress materials, ready-made garments, accessories, etc. They also provide value-added services, such as customization, alteration, stitching, etc. They have a strong brand image and customer loyalty in the retail textile industry. They are launching their IPO with impressive financial performance and growth prospects . I think this is a great opportunity to invest in a leading retail textile company that has a strong presence in South India.

  6. I particularly appreciate the attention to detail that goes into every aspect of the store. The ambiance is soothing and conducive to unhurried shopping, allowing customers to appreciate the intricacies of each saree. The store’s commitment to quality is also reflected in the impeccable stitching and finishing of the sarees, ensuring they are ready to wear and make a statement.

  7. Sai Silks Kalamandir IPO is a great opportunity to invest in a leading retail textile company. They have a strong brand value, a loyal customer base, and a diversified product portfolio. They have also shown consistent growth and profitability in the past few years.

  8. Upon entering, I was greeted by a tastefully curated collection that seamlessly blends traditional aesthetics with modern trends. The sarees on display were not just pieces of clothing; they were works of art. From the rich and opulent silk sarees to the delicate and ethereal chiffon creations, Sai Silk Kala Mandir offers a plethora of options to cater to diverse tastes and occasions.

  9. My recent visit to Sai Silk Kala Mandir was a revelation in the world of saree shopping. As someone who appreciates the timeless beauty of sarees, I was utterly impressed by the exceptional quality and variety offered by this store.

  10. The exquisite selection of sarees on display caught my attention initially. Sai Silk Kala Mandir has an amazing selection of sarees in terms of hues, patterns, and materials. This shop has something for everyone, whether you’re seeking a modern designer piece or a traditional silk saree. Their distinctive handwoven silk sarees, which radiate beauty and craftsmanship, particularly captured my attention.

  11. I’m interested in Sai Silks Kalamandir’s IPO since it offers the possibility to make investments in a growing company in the ethnic wear sector. They achieved an amazing transformation from a single store to the market leader for sarees in South India in only 17 years. They obviously prioritise innovation and technology, which is advantageous for growth and productivity in the future. As a shareholder, I am encouraged by their foray into Tamil Nadu and have faith in the value of their products due to their commitment to quality.

  12. Sai Silks Kalamandir’s IPO is an exciting opportunity for investors. With a strong track record of growth and a solid business model, it’s a promising investment prospect.

  13. Investing in Sai Silks Kalamandir’s IPO means getting a piece of a company with a proven history of profitability and a clear vision for the future.

  14. As an investor, I’m excited about the growth prospects of Sai Silks Kalamandir. Their IPO is an ideal entry point to tap into their future success.

  15. Sai Silks Kalamandir’s IPO is an excellent way to invest in a company that values innovation and customer satisfaction. Their commitment to quality and expansion plans make them a compelling investment choice.

  16. Sai Silks Kalamandir’s IPO has caught my attention due to its strategic expansion plans. Their cluster-based approach makes sense, ensuring a strong local presence before venturing into new territories. This approach not only reduces risk but also maximizes efficiency. The company’s adaptability to e-commerce trends is another appealing aspect. With the e-commerce market on the rise, this diversification can be a significant revenue driver. The IPO valuation appears reasonable, considering their market leadership and promising future.

  17. The Sai Silks Kalamandir IPO seems to be a fantastic investment choice. The company’s focus on data analytics and technology-driven decision-making demonstrates their commitment to maintaining their level of competition and meeting customer expectations. By expanding into Tamil Nadu, especially in the premium silk saree sector, they are following market trends. I like their dedication to quality and their long-standing relationships with artisans. In light of the expanding potential of the Indian women’s apparel market, this IPO seems to be a good investment.

  18. Because of the company’s remarkable development trajectory, I’m thinking about investing in the Sai Silks Kalamandir IPO. Their cluster-based growth strategy makes sense; they should first establish a solid presence in current areas before expanding into new ones. The use of the internet and expenditures in digital infrastructure are consistent with the evolving retail environment. Furthermore, given their position in the industry and prospects, their valuation, which has a P/E ratio of 27x based on FY23 profits, is fair. The retail market for ethnic clothing offers a fascinating possibility.

  19. I am interested in investing in the Sai Silks Kalamandir IPO because of the company’s promising development potential and significant market presence. They stand out in the ethnic clothing retail industry because to their technology-driven strategy and dedication to quality. Exciting is the calculated decision to grow in Tamil Nadu, which is renowned for its silk saree market. Additionally, they have a wide range of pricing points that appeal to a variety of customers, which may spur further expansion. In general, this IPO is consistent with my long-term investing plan.

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