Published : September 15, 2023
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) 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.
The company’s plans for utilizing the net proceeds from the issue encompass the following objectives:
The subscription for the IPO will be open from September 20th and will close on September 22nd.
|IPO Open Date||Wednesday, September 20, 2023|
|IPO Close Date||Friday, September 22, 2023|
The price band for the Sai Silks (Kalamandir) IPO has been set at ₹210 to ₹222 per share.
|IPO Price||₹210 to ₹222 per share|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per share|
|Market Lot||67 Shares|
|Listing At||BSE, NSE|
|Total Issue Size||(aggregating up to ₹1,201.00 Cr)|
Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi serve as the promoters of the company.
|Pre Issue Share Holding||95.23%|
|Post Issue Share Holding||60.80%|
|Period Ended||31 Mar 2020||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||42.10||5.13||57.69||97.59|
|Reserves and Surplus||208.05||218.93||276.60||373.27|
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Sai Silks (Kalamandir) Limited
6-3-790/8, Flat No. 1
Bathina Apartments, Ameerpet
Hyderabad – 500 016
Phone: +91 40 6656 6555
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