Sai Silks (Kalamandir) Limited IPO (SSKL IPO)

About Company –

Sai Silks (Kalamandir) Ltd was established in 2005 with the aim of offering a wide range of ethnic apparel and value-fashion products. Drawing inspiration from India’s rich ethnic diversity and cultural heritage, the company has curated its product offerings to cater to various occasions. Currently, Sai Silks (Kalamandir) Ltd provides an extensive collection of ultra-premium and premium sarees suitable for weddings, parties, and daily wear. Additionally, they offer lehengas, men’s ethnic wear, children’s ethnic wear, and semi-western wear with an ethnic touch for women, men, and children.

The company employs a multi-format store approach to market its apparel products. As of July 2023, Sai Silks (Kalamandir) Ltd operates more than 54 stores across four South Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. These stores collectively cover an area of approximately 603,414 square feet (SFT).

Sai Silks (Kalamandir) Brands (Products)

1. Kalamandir: This format offers contemporary ethnic fashion, catering to middle-income groups. It includes a variety of sarees such as Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and more.
2. Vara Mahalakshmi Silks: Under this format, the company provides premium ethnic silk sarees and handlooms tailored for weddings and special occasions. Offerings encompass Banarasi, Patola, Kota, Kanchipuram, Paithani, and Organza sarees.
3. Mandir: In this high-end format, Sai Silks (Kalamandir) Ltd offers ultra-premium designer sarees, targeting affluent customers. This includes designer sarees like Banarasi, Patola, Ikat, Kanchipuram, Paithani, and Kuppadam.
4. KLM Fashion Mall: This format focuses on providing value fashion at affordable prices. It includes fusion wear, daily wear sarees, and western wear for women, men, and children.

Sai Silks (Kalamandir) Ltd adopts an omnichannel approach, selling its products through physical store formats and various e-commerce channels. The company operates its dedicated website and also markets its products through online e-commerce marketplaces.

For its upcoming IPO, the issue will be lead managed by Motilal Oswal Investment Advisors, HDFC Bank, and Nuvama Wealth Management, with Bigshare Services Private Ltd serving as the registrar to the issue.

Sai Silks (Kalamandir) Limited IPO Objectives (SSKL IPO Objectives)

The company’s plans for utilizing the net proceeds from the issue encompass the following objectives:

1. Funding Capital Expenditure for New Stores: Allocating funds for capital expenditure to establish 25 new stores, expanding the company’s retail presence.
2. Funding Capital Expenditure for Warehouses: Utilizing resources for capital expenditure related to the setup of two new warehouses, enhancing logistical capabilities.
3. Funding Working Capital Requirements: Allocating capital to fulfill the company’s working capital needs, ensuring smooth day-to-day operations.
4. Repayment or Pre-payment of Borrowings: Utilizing funds to either fully or partially repay certain borrowings previously availed by the company, reducing financial liabilities.
5. General Corporate Purposes: Addressing general corporate requirements and initiatives essential for business growth and development.

Sai Silks (Kalamandir) Limited IPO Details (SSKL IPO Details)

Open and Close Date of Sai Silks (Kalamandir) Limited IPO (SSKL IPO Dates) – Tentative

The subscription for the IPO will be open from September 20th and will close on September 22nd.

Sai Silks (Kalamandir) Limited IPO share price (SSKL IPO Share Price)

The price band for the Sai Silks (Kalamandir) IPO has been set at ₹210 to ₹222 per share.

Sai Silks (Kalamandir) IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Sai Silks (Kalamandir) IPO Promoter Holding (SSKL IPO Promoter Holding)

Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi serve as the promoters of the company.

Sai Silks (Kalamandir) Limited’ Financial Information (Reiterated)

Sai Silks (Kalamandir) IPO Registrar (SSKL IPO Registrar)

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Sai Silks (Kalamandir) Limited IPO Lead Manager (SSKL IPO Lead Manager)

1. Motilal Oswal Investment Advisors Limited.
2. Hdfc Bank Limited.
3. Nuvama Wealth Management Limited.

Contact Information

Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1
Bathina Apartments, Ameerpet
Hyderabad – 500 016
Phone: +91 40 6656 6555
Email: secretarial@sskl.co.in
Website: https://sskl.co.in/

Sai Silks (Kalamandir) IPO Prospectus (SSKL IPO Prospectus)

Sai Silks (Kalamandir) IPO DRHP

Sai Silks (Kalamandir) IPO RHP

How to apply for the Sai Silks (Kalamandir) IPO?

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