Sai Silks (Kalamandir) Limited IPO

Sai Silks (Kalamandir) Limited IPO Review, Date, Price, GMP

Sai Silks (Kalamandir) Limited Incorporated in 2005, is one of the largest retailers of ethnic clothing in South India and operates through four different store formats: 

  • Kalamandir
  • VaraMahalakshmi Silks
  • Mandir
  • KLM Fashion Mall

Sai Silks (Kalamandir) Limited delivers its products to various market segments, offering a wide range of products across different price points. Their network includes 46 stores as of May 31, 2022, and their main aim is to promote India’s rich culture, traditions, and heritage by providing diverse offerings.

Sai Silks (Kalamandir) Limited’s product range includes ultra-premium and premium sarees suitable for weddings, parties, and occasional, and daily wear. They also offer lehengas, men’s ethnic wear, children’s ethnic wear, and value fashion products, including fusion wear and western wear for women, men, and children.

The founders of Sai Silks (Kalamandir) Limited identified a market gap and began operations in 2005. Since then, they have developed one of the most diverse portfolios of saree SKUs among Indian women’s apparel businesses, operating big retail shops that provide a diverse range of ethnic wear alternatives at various price ranges. 

Nagakanaka Durga Prasad Chalavadi, a first-generation entrepreneur, founded Sai Silks (Kalamandir) Limited in 2005 with the launch of the first ‘Kalamandir’ store in Hyderabad, Telangana. The company has currently 46 outlets in four South Indian states: 

1)Andhra Pradesh, 

2)Telangana,

3)Karnataka, and 

4)Tamil Nadu.

Sai Silks (Kalamandir) Limited offers its ethnic wear and value-fashion products through four different store formats:

– Kalamandir: Under this format, the company offers a variety of sarees which include Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka, with prices ranging from approximately ₹1,000 to ₹100,000.

– VaraMahalakshmi Silks: This Format Focuses on premium sarees such as Banarasi, Patola, Kota, Kanchipuram, Paithani, Organza, and Kuppadam, with a major emphasis on handlooms like Kanchipuram silk sarees. Prices range from ₹4,000 to ₹250,000 approximately.

– Mandir: Offers ultra-premium designer sarees, including Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam, with prices ranging from approximately ₹6,000 to ₹350,000.

– KLM Fashion Mall: Provides value fashion products which include fusion wear, daily wear sarees, and western wear for women, men, and children, with prices ranging from approximately ₹200 to ₹75,000.

Additionally, these products are available through various e-commerce channels, including their official website and other online e-commerce marketplaces.

Sai Silks (Kalamandir) Limited IPO Complete Details:

Untitled spreadsheet Sheet1.pdf 37

Sai Silks (Kalamandir) Limited IPO Timetable:

Navy Simple Modern Timeline Infographic 35

Company Financial Details:

Blue Content Creation Table Plan Diagram 35

AS OF NOW, the GMP OF Sai Silks (Kalamandir) Limited is Around 07 Rs.

Objects Of Issue:

  1. Financing the capital expenditure needed for establishing 25 new stores.
  2. Financing the capital expenditure required for establishing two warehouses.
  3. Meeting the working capital needs of the company.
  4. Repaying or making partial or full prepayments towards specific borrowings obtained by the company.
  5. Addressing general corporate requirements.

Promoters and Group:

Nagakanaka Durga Prasad Chalavadi:

  • Age: Not specified
  • Education: Holds a bachelor’s degree in commerce from Nagarjuna University and a master’s degree in Business Administration from the Institute of Management Education, Pune. Also possesses a postgraduate diploma in computer applications from the Institute of Computer Software Sciences.
  • Professional Background: With over 16 years of experience in the retail sector, Mr. Chalavadi has been an integral part of the company since its inception. He was one of the partners in the former partnership firm ‘Sai Silks,’ which has since evolved into the present company. His responsibilities encompass overall management, financial oversight, internal controls, and security systems.

Jhansi Rani Chalavadi:

  • Age: 53 years
  • Education: Holds a bachelor’s degree in commerce from Nagarjuna University, Andhra Pradesh.
  • Professional Background: With 16 years of experience, Mrs. Jhansi Rani Chalavadi serves as one of the company’s Promoters. She plays a vital role in business operations, which include retail, marketing and sales, administration, and human resources, contributing significantly to the company’s success.

FAQs:

When Sai Silks (Kalamandir) Limited’s IPO is Opening?

Sai Silks (Kalamandir) Limited IPO is Opening on 20 September 2023(Wednesday).

When Sai Silks (Kalamandir) Limited IPO is Closing?

Sai Silks (Kalamandir) Limited IPO is Closing on 22 September 2023(Friday).

What is the IPO Issue Size of Sai Silks (Kalamandir) Limited?

The IPO Issue Size of Sai Silks (Kalamandir) Limited is 1,201 Crore.

Price Band of Sai Silks (Kalamandir) Limited IPO?

The price Band of Sai Silks (Kalamandir) Limited IPO is 210 to 222 rupees per share.

What is the minimum investment for Sai Silks (Kalamandir) Limited IPO?

The minimum investment for Sai Silks (Kalamandir) Limited IPO is 14,874 Rupees.

Allotment Date of Sai Silks (Kalamandir) Limited IPO?

The Allotment of Sai Silks (Kalamandir) Limited IPO is on 27 September 2023(Wednesday).

Listing Date of Sai Silks (Kalamandir) Limited IPO?

The Listing Of Sai Silks (Kalamandir) Limited is Scheduled on 04 October 2023(Wednesday).

One Should Apply Sai Silks (Kalamandir) Limited IPO or Not?

will update soon!

How to apply for Sai Silks (Kalamandir) Limited IPO through the Zerodha Application?

Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Sai Silks (Kalamandir) Limited IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.

How to apply for Sai Silks (Kalamandir) Limited IPO through the Upstox Application?

Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Sai Silks (Kalamandir) Limited IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.

How to apply for Sai Silks (Kalamandir) Limited IPO through Angel One Application?

Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Sai Silks (Kalamandir) Limited IPO from the list ——–> Click on Sai Silks (Kalamandir) Limited IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.

Who is Sai Silks (Kalamandir) Limited IPO’s Lead Manager?

Motilal Oswal Investment Advisors Limited, HDFC Bank Limited,Nuvama Wealth Management Limited is the Lead Manager of Sai Silks (Kalamandir) Limited.

Where To Check the Allotment of Sai Silks (Kalamandir) Limited IPO?

The allotment status for the Sai Silks (Kalamandir) Limited IPO will be accessible on the Bigshare Services Pvt Ltd Website.

What is the P/E Ratio of Sai Silks (Kalamandir) Limited?

The P/E Ratio of Sai Silks (Kalamandir) Limited is 27.37.

What is the Earning Per Share (EPS) of Sai Silks (Kalamandir) Limited?

The earning Per Share (EPS) of Sai Silks (Kalamandir) Limited is 8.11 Rs.

What is the ROE of Sai Silks (Kalamandir) Limited?

The ROE of Sai Silks (Kalamandir) Limited is 27.96 %.

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