About Sai Silks (Kalamandir) Limited IPOIncorporated in 2005, Sai Silks (Kalamandir) Limited is among the top 10 retailers of ethnic apparel, particularly sarees, in south India based on revenue and profit in the last three fiscal years. It offers one of the widest portfolios of saree stock keeping units (SKUs) among women’s apparel brands in India. The company operates four store formats - Kalamandir, VaraMahalakshmi Silks, Mandir and KLM Fashion Mall, each catering to customers across all market segments such as premium ethnic fashion, ethnic fashion for middle income, and value-fashion. It offers clothes suitable for daily and party wear for men, women and children. As of 31 July 2023, the company operates a network of 54 stores across four south Indian states. It also operates online through its website and other e-commerce marketplaces. Company’s unique store experience combined with inventory and a large variety of SKUs has enabled it to attract and retain customers. Its total customer base exceeds over 5.98 million in India as of 31 July 2023. The company saw a CAGR rise of over 25% in its revenue from operations and 167% in its profit in the last three fiscal years along with an EBITDA margin of 15% in FY23. Moreover, the share of organized retail in the apparel segment of India is expected to move from 39% in FY22 to 49% in FY27 which might be beneficial for the company. And now, Sai Silks (Kalamandir) Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for setting up 30 new stores and 2 warehouses, repaying borrowings, funding capital requirements and general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Sai Silks (Kalamandir) IPO:
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A quick look at Sai Silks (Kalamandir) Limited IPO’s strengths, risks and threatsStrengths
Risks and threats
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Sai Silks (Kalamandir) Limited IPO details| Sai Silks (Kalamandir) Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Sai Silks (Kalamandir) IPO’s opening date – in other words, the Sai Silks (Kalamandir) IPO launch date – will be 20th September 2023. The Sai Silks (Kalamandir) IPO closing date is 22nd September 2023. After this, investors will be updated about the allotment status on 27th September 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 3rd October 2023. The Sai Silks (Kalamandir) IPO listing date is 4th October 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Sai Silks (Kalamandir) Limited IPO price bandThe IPO is an offer for sale as well as a fresh issue. The Sai Silks (Kalamandir) IPO price band has been set between ₹210 and ₹222 per share. Interested investors can choose a price within this band to apply for the IPO. The Sai Silks (Kalamandir) IPO listing price will be determined on 4th October 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. | Sai Silks (Kalamandir) Limited IPO lot sizeThe Sai Silks (Kalamandir) IPO details have been declared. The Sai Silks (Kalamandir) IPO lot size is set at 67 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Sai Silks (Kalamandir) IPO issue size is approx ₹1,201 crore. |
How to pre-apply for the Sai Silks (Kalamandir) Limited IPO?You can pre-apply for the Sai Silks (Kalamandir) Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Sai Silks (Kalamandir) Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Sai Silks (Kalamandir) Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Sai Silks (Kalamandir) Limited IPO on Upstox:
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How to check the Sai Silks (Kalamandir) Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Sai Silks (Kalamandir) Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Sai Silks (Kalamandir) Limited IPOTo apply for the Sai Silks (Kalamandir) Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right? |
Upstox – trading app to apply for the Sai Silks (Kalamandir) Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Sai Silks (Kalamandir) Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Sai Silks (Kalamandir) IPO means applying for this public issue before it goes live. Click here to pre-apply for the Sai Silks (Kalamandir) IPO on Upstox.
You can pre-apply for the Sai Silks (Kalamandir) IPO from 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Sai Silks (Kalamandir) IPO opens for the subscription.
The Sai Silks (Kalamandir) IPO launch date is 20th September 2023. The Sai Silks (Kalamandir) IPO will be open for subscription till 22nd September 2023.
The Sai Silks (Kalamandir) lot size is 67 shares and the minimum investment required is ₹14,070.
The Sai Silks (Kalamandir) IPO price band is ₹210 – ₹222 per share.
The size of the Sai Silks (Kalamandir) IPO is approx. ₹1,201 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 3rd October 2023.
Sai Silks (Kalamandir) shares will be on NSE and BSE.
Sai Silks (Kalamandir) shares’ listing date is 4th October 2023.