What is the issue size of Sai Silks (Kalamandir) IPO?

The issue size of the Sai Silks (Kalamandir) IPO is Rs 1,201 cr

What is 'pre-apply' for Sai Silks (Kalamandir) IPO?

Pre-apply will alow you to apply for the Sai Silks (Kalamandir) IPO 2 days before the subscription period starts.

If I pre-apply for Sai Silks (Kalamandir) IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Sai Silks (Kalamandir) IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Sai Silks (Kalamandir) IPO order is placed?

We will notify you when yourSai Silks (Kalamandir) IPO order is placed with the exchange.

What are the open and close dates of the for Sai Silks (Kalamandir) IPO?

Sai Silks IPO will be open between 20 Sept - 22 Sept, 2023.

What is the lot size and minimum order quantity of the Sai Silks (Kalamandir) IPO?

Sai Silks Limited IPO lot size is 67 shares.

What are the allotment dates for the Sai Silks (Kalamandir) IPO?

Sai Silks IPO allotment date is 27 Sept, 2023. For Sai Silks (Kalamandir) IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Sai Silks (Kalamandir) IPO?

Sai Silks IPO registrar is Bigshare Services Pvt Ltd. You can check Sai Silks (Kalamandir) IPO allotment status on the website of the registrar.

Where is the Sai Silks (Kalamandir) IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Sai Silks IPO

Sai Silks (Kalamandir) Limited

₹14,070 /67 sharesMinimum Investment

Sai Silks IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹222.00₹231.00₹9.00 (4.05%)
Sai Silks IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
20 Sep ‘23 - 22 Sep ‘23₹14,07067₹210 - ₹222
Issue SizeIPO Doc
1201.00CrRHP PDF
Subscription Status As on 22 Sep '23, 5:00 PMQualified Institutional Buyers
12.35x
Non-Institutional Investor
2.47x
Retail Individual Investor
0.88x
Employees
0.00x
Total
4.40x
About Sai SilksSai Silks is a retailer specializing in ethnic clothing, specifically sarees. They operate through four different store formats: Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. These stores cater to various market segments, offering premium ethnic fashion, middle-income ethnic fashion, and value-fashion. The company provides various products at different prices to serve customers across all market segments.
Their product range includes various types of ultra-premium and premium sarees suitable for weddings, parties, occasional wear, and daily wear. The company also offers lehengas, men's ethnic wear, children's ethnic wear, value fashion products, including fusion wear and western wear for women, men, and children, and North Indian women's ethnic celebration wear, such as designer lehengas.;
Parent Organisation
Sai Silks (Kalamandir) Limited
Founded
2008
Managing Director
Mr. Nagakanaka Durga Prasad Chalavadi
Strengths & Risks
Sai Silks ranks among the top 10 retailers in South India for ethnic apparel, especially sarees, based on revenue and post-tax profits for 2020, 2021, and 2022.
The company's wide range of products at various price levels has catered to more than 5.98 million customers since its inception.
Between 2021 and 2023, the company added 15 new stores, including three format conversions.
Beginning with its first 'Kalamandir' store in Hyderabad, Telangana, in 2005, the company has expanded to 54 stores across four major south Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, with a combined area of approximately 603,414 square feet as of July 31, 2023.
In 2023, the company's websites (across all its four store formats) averaged 6,463 daily visits, compared to 9,715 and 3,158 daily visits in 2022 and 2021, respectively. 
Online sales contributed Rs. 5.49 crores, Rs. 17.16 crores, and Rs. 18.47 crores to the company's revenue from operations in 2021, 2022, and 2023, respectively, accounting for 0.81%, 1.52%, and 1.37% of total revenue.
The company's increased emphasis on eCommerce has expanded its product reach, with sarees shipped to 25 states and six union territories across India in 2023
Sai Silks' primary focus is on selling women's sarees, making it susceptible to shifts in demand and changing consumer preferences. 
The majority of the company's sales come from stores located in Southern India. Any negative developments affecting operations in these regions could detrimentally affect revenue.
The company has entered into a business assets transfer agreement to acquire Sai Retail India Limited's assets. Failing to realize the expected benefits of this transfer or any future acquisitions, partnerships, or purchases may adversely affect the company's business and financial condition.
The company's business model necessitates the maintenance of significant inventories, resulting in high inventory costs. The inability to maintain an optimal inventory level could adversely impact the company's business.
The company faces unique challenges when operating in a fragmented market with unorganized and single-store competitors.
The company sources its products from third-party vendors and master weavers without formal long-term agreements. It exposes the company to potential difficulties in procuring sufficient quantities or desired product quality promptly or at favorable prices.
As of July 31, 2023, the company had outstanding borrowings totaling Rs. 357.02 crores. Failure to meet conditions or obtain consents related to these borrowings could adversely affect the company's business and operations.
Dependence on sales through third-party online marketplaces leaves the company vulnerable. 
As of July 31, 2023, the company had provided loans totaling Rs. 32.61 crores to certain employees. In the event of default by these employees, it could impact the company's cash flows and financial condition.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹210 - 222₹2 Lakh
High Networth Individual₹210 - 222₹2 - 5 Lakh
For Sai Silks IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹222.00	₹231.00	₹9.00 (4.05%)

Bidding Dates	Min. Investment	Lot Size	Price Range
20 Sep ‘23 - 22 Sep ‘23	₹14,070	67	₹210 - ₹222

Issue Size	IPO Doc
1201.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹210 - 222	₹2 Lakh
High Networth Individual	₹210 - 222	₹2 - 5 Lakh

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