
Retail & Consumer Goods · NSE / BSE
Incorporated in 2005, Sai Silks (Kalamandir) Limited is a South India-based retailer of ethnic apparel and value-fashion products, offering a wide range of ultra-premium and premium sarees for weddings, parties, occasions, and daily wear, along with lehengas, men’s and children’s ethnic wear, and fusion and western wear. The company operates four store formats: Kalamandir for middle-income contemporary ethnic fashion, VaraMahalakshmi Silks for premium silk sarees and handlooms, Mandir for ultra-premium designer sarees targeting high net worth individuals, and KLM Fashion Mall for affordable value fashion. Sai Silks also sells through its website and other e-commerce platforms. As of July 31, 2023, it has 54 stores across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu with a total area of approximately 603,414 sq. ft. The company recorded revenues of ₹13,514.69 million in FY23, ₹11,293.23 million in FY22, and ₹6,772.48 million in FY21.
Price Band
₹210 – ₹222
Issue Size
₹1201 Cr
Lot Size
67 shares
GMP
+3.1%
Est. Listing
₹229
at current GMP
Subscribed
4.40x
overall
Open
20 Sep 2023
Close
22 Sep 2023
Allotment
25 Sep 2023
Refund
26 Sep 2023
Demat Credit
27 Sep 2023
Listing
27 Sep 2023
Designated Registrar: Bigshare Services Private Limited
Allotment Date
25 Sep 2023
Basis finalization
Refunds Initiate
26 Sep 2023
Mandate release
Demat Credit
27 Sep 2023
Shares in demat
Listing Debut
27 Sep 2023
Trading begins
Sai Silks (Kalamandir) Limited is bringing an initial public offering (IPO) in the Retail & Consumer Goods sector with an aggregate issue size of ₹1,201 Crores. The shares are offered at a price band of ₹210 to ₹222 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-09-22, the basis of allotment is scheduled to be finalized on 2023-09-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.