• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement

-- / 67 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

222

Lot Size

67

IPO Size

₹ 1201.00 Cr

IPO Listing Details

Listing On

27 Sep'23

Issue Price

--

Listed Price

₹ 231

Retail Gain/Listing Gain

4.05%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Sai Silks (Kalamandir) Limited is among the top 10 retailers of ethnic apparel, particularly sarees, in south India, in terms of revenues and profit after tax in Fiscal 2020, 2021 and 2022 (Source: Technopak Report). Through its four store formats, i.e. Kalamandir, VaraMahalakshmi Silks, Mandir and KLM Fashion Mall, the company caters to various segments of the market, including premium ethnic fashion, ethnic fashion for middle-income and value-fashion, with a variety of products across different price points, thereby catering to customers across all market segments.

Apart from the masses, the company launched “Valli Silks,” which is a combination of the KLM Fashion Mall and VaraMahalakshmi Silks store formats, in December 2022. To cater to niche segments available in certain geographies, the company has created derivates of its existing formats. For instance, in September 2022, they launched “Kalamandir Royale,” where they offer products with higher price points and more exclusive collections.

The company’s EBITDA increased from Rs. 623.61 in Fiscal 2021, to Rs. 2,125.31 in Fiscal 2023 (In Rupees Million). The EBITDA margin increased from 9.21% to 15.73% respectively, for the same Fiscal period.

With that, let's take a look at the competitive strengths and risk factors for Sai Silks (Kalamandir) Limited:

Read More

Well-positioned to leverage growth in the ethnic and value-fashion apparel industry in India

Read More

Strong presence in offline and online marketplace with an omnichannel network

Read More

Track record of growth, profitability and unit economics with an efficient operating model

Read More
  • The business is highly concentrated on the sale of women’s sarees and is vulnerable to variations in demand and changes in consumer preference.
  • The company may be exposed to risks associated with leasing real estate (for their physical stores).
  • The company operates in a largely fragmented market with unorganised and single-store players.
  • Expand footprint within India.
  • Increase focus on the sale of products through e-commerce.
  • Leverage technology to bring cost efficiency and enhance customer experience.

Here are the key financials for Sai Silks (Kalamandir) Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

What are you looking for?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in Sai Silks (Kalamandir) Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

00m 59s

Sai Silks (Kalamandir) Ltd IPO FAQs

Sai Silks (Kalamandir) Ltd will list on 2023-09-27.

1201.00 is the issue size of Sai Silks (Kalamandir) Ltd IPO.

The price band of Sai Silks (Kalamandir) Ltd IPO is ₹222 to ₹0.

The Sai Silks (Kalamandir) Limited IPO has an issue size of Rs. 1,201 crores. The IPO opens for subscription on 20th September and closes on 22nd September 2023.

Bigshare Services Private Limited is the registrar for this IPO.

You may read more about Sai Silks (Kalamandir) Limited and its IPO from the company’s red herring prospectus (RHP) here:

Open Demat Account to Invest in any IPO
+91 -

personImage
Open Demat Account to Invest in any IPO
+91 -

N
N
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]