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Open
20 Sep 2023
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Close
22 Sep 2023
3
Allotment
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Listing
Wed, Sep 27, 2023
Price Band
₹210 to ₹222
Issue Size
5,40,99,027 shares (agg. up to ₹1,201 Cr)
Lot Size
67 Shares
Listing Date
Wed, Sep 27, 2023
Latest GMP
₹7
Est. Gain
3.15%
✦ AI Insight
GMP Trend
27-09-2023₹7Est. ₹229+3.15%
26-09-2023₹8Est. ₹230+3.6%
25-09-2023₹7Est. ₹229+3.15%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.45x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 1,220.45 | 842.49 | 665.42 | 692.76 |
| Total Income | 1,358.92 | 1,133.02 | 679.10 | 1,178.62 |
| Profit After Tax | 97.59 | 57.69 | 5.13 | 42.10 |
| NET Worth | 397.33 | 300.66 | 242.99 | 231.51 |
| Reserves and Surplus | 373.27 | 276.60 | 218.93 | 208.05 |
| Total Borrowing | 345.50 | 260.49 | 217.22 | 164.70 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Cell Point (India) Ltd. | SME | ₹50.34 Cr | ₹100 | 24.1 | ₹95.00 | -5.00% | ₹15.30 (-3.16%) |
| Eastern Logica Infoway Ltd. | SME | ₹16.94 Cr | ₹225 | 24.09 | ₹283.50 | +26.00% | ₹168.70 (-1.49%) |
| Mafia Trends Ltd. | SME | ₹3.60 Cr | ₹28 | 15.21 | ₹31.10 | +11.07% | ₹5.29 (-0.19%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards setting-up of 30 new stores | 125.08 |
| 2 | Funding capital expenditure towards setting-up of two warehouses | 25.40 |
| 3 | Funding working capital requirements of the Company | 280.07 |
| 4 | Repayment or pre-payment, in full or part, of certain borrowings availed by the Company | 50.00 |
| 5 | General Corporate Purposes | 85.69 |
About Sai Silks (Kalamandir) IPO
Incorporated in 2005, Sai Silks (Kalamandir) Limited provides ethnic apparel and value-fashion products. Inspired by India's vibrant culture, traditions, and heritage, the company offers a diverse range of products which includes 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 v
Contact Details
Sai Silks (Kalamandir) Ltd. Address6-3-790/8, Flat No.1Bathina Apartments, AmeerpetHyderabad, Telangana, 500016+91 40 6656 6555secretarial@sskl.co.inVisit Website