What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Sai Silks (Kalamandir) Limited IPO?

Sai Silks (Kalamandir) Limited IPO has received a total subscription of 4.40 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sai Silks (Kalamandir) Limited

ListedMainboard

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

₹7

+3.1%

Est. Listing

₹229

at current GMP

Subscribed

4.40x

overall

Open

20 Sep 2023

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

4.40x

Total Demand

QIB Multiplier

12.35x

Institutions & Funds

NII / HNI

2.47x

High Net-Worth

Retail (RII)

0.88x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 4.40x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	10,664,594	131,679,656	12.35x
NIB	8,346,515	20,625,481	2.47x
HNIs(10L +)	5,564,343	16,387,195	2.95x
HNIs (2-10L)	2,782,172	4,238,286	1.52x
RETAIL	19,475,200	17,153,407	0.88x
Total	46,832,824	190,084,025	4.40x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.94x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	282,607	248,694	0.88x
HNIs (10L +)	1,808	4,466	2.47x
HNIs (2-10L)	8,651	21,368	2.47x
Total Applications	293,066	274,528	0.94x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Sai Silks (Kalamandir) Limited IPO is ₹7 per equity share. Based on the upper price band of ₹210 to ₹222 per equity share, the estimated listing price is ₹229 (+3.1% expected listing gain).

What is the expected profit per lot for Sai Silks (Kalamandir) Limited IPO?

With a lot size of 67 shares and current GMP of ₹7, the expected profit per application lot is approx ₹469 (+3.1% gain). Minimum application cost is approx ₹14,874.

What is the issue size and price band for Sai Silks (Kalamandir) Limited IPO?

The Sai Silks (Kalamandir) Limited IPO aggregate issue size is ₹1,201 Crores with an equity price band set at ₹210 to ₹222 per equity share. The retail lot size is 67 shares requiring a minimum capital outlay of approx. ₹14,874.

How can I check Sai Silks (Kalamandir) Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 4.40x (Retail: 0.88x, QIB: 12.35x, NII: 2.47x). You can track live multiples directly on our dedicated subscription page.

Where and when will Sai Silks (Kalamandir) Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-09-25. Investors can verify status using PAN card or application number.

When is the listing date for Sai Silks (Kalamandir) Limited IPO?

Sai Silks (Kalamandir) Limited shares are scheduled to list on NSE and BSE on 2023-09-27.