Sai Silks (Kalamandir) Limited
ListedMainboardRetail & 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
₹7
+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
Last updated 12 days ago
Live Grey Market Premium
Sai Silks (Kalamandir) Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹7+3.1%
Issue Price (Upper)
₹222
Band: ₹210 – ₹222
Estimated Listing Price
₹229
Upper price + GMP
Lot Size
67 shares
Min investment ₹14,874
Estimated Profit / Lot
₹469
67 × ₹7
Sai Silks (Kalamandir) Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹7
▲ 0 today
Updated less than a minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹7 | 3.1% | ₹229 |
| 30 Oct 2026 | +₹7 | 3.1% | ₹229 |
| 29 Oct 2026 | +₹6 | 2.8% | ₹228 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Sai Silks (Kalamandir) Limited Public Issue & Market Profile
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.
Public Issue & Pricing Context:
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.
Basis of Allotment & Listing Timeline:
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.
Frequently Asked Questions
What is Sai Silks (Kalamandir) Limited IPO GMP today?
The latest grey market premium for Sai Silks (Kalamandir) Limited IPO is ₹7, which indicates an expected listing price of ₹229.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.