Established in 2005, Sai Silks (Kalamandir) Limited is a prominent provider of ethnic apparel and value-fashion products.
Drawing inspiration from India’s rich cultural tapestry, traditions, and heritage, the company offers a diverse and captivating range of products. This includes a wide array of ultra-premium and premium sarees suitable for various occasions such as weddings, parties, and daily wear, along with lehengas, men’s ethnic wear, children’s ethnic wear, and value fashion products encompassing fusion wear and western wear for women, men, and children.
Sai Silks operates through four distinct store formats:
- Kalamandir: Offering contemporary ethnic fashion for the middle-income segment, this format includes a rich variety of sarees, including Tusser, Silk, Kota, Kora, Khadi, Georgette, Cotton, and Matka.
- VaraMahalakshmi Silks: Catering to premium ethnic silk sarees and handlooms, this format targets weddings and special occasions.
- Mandir: Specializing in ultra-premium designer sarees, this format is designed for high-net-worth individuals. It offers designer sarees like Banarasi, Patola, Ikat, Kanchipuram, Paithani, Organza, and Kuppadam.
- KLM Fashion Mall: Catering to affordable value fashion, this format offers a wide range of fusion wear, daily wear sarees, and western wear for women, men, and children.
In addition to its physical stores, the company also makes its products available through various e-commerce channels, including its website sskl.co.in and other online e-commerce marketplaces.
As of May 31, 2022, Sai Silks (Kalamandir) Limited has established a robust presence with over 46 stores across four South Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, encompassing an aggregate area of approximately 550,815 square feet. In terms of financial performance, the company reported revenue from operations of Rs. 11,293.23 million in fiscal year 2022, Rs. 6,772.48 million in 2021, and Rs. 11,755.60 million in 2020, reflecting its enduring success in the retail sector.
Sai Silks (Kalamandir) IPO Details #
Sai Silks (Kalamandir) IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Sai Silks (Kalamandir) IPO price is [.] to [.] per share. The IPO will list on BSE, NSE.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 18,048,440 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 126,339,085 |
Sai Silks (Kalamandir) IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Sai Silks (Kalamandir) IPO Promoter Holding #
The promoters of the company are Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi.
| Pre Issue Share Holding | 54.16% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
| Assets | 692.76 | 665.42 | 842.49 |
| Revenue | 1,178.62 | 679.10 | 1,133.02 |
| Profit After Tax | 42.10 | 5.13 | 57.69 |
| Net Worth | 231.51 | 242.99 | 300.66 |
| Reserves and Surplus | 208.05 | 218.93 | 276.60 |
| Total Borrowing | 164.70 | 217.22 | 260.49 |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding capital expenditure towards setting up 25 new stores.
- Funding capital expenditure towards setting-up of two warehouses.
- Funding the working capital requirements of the company.
- Repayment or pre-payment, in full or part, of certain borrowings availed by the company.
- General corporate purposes.
Sai Silks (Kalamandir) IPO Prospectus #
Company Contact Information #
6-3-790/8, Flat No. 1
Bathina Apartments, Ameerpet
Hyderabad – 500 016
Phone: +91 40 6656 6555
Email: secretarial@sskl.co.in
Website: https://sskl.co.in/
Sai Silks (Kalamandir) IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sai Silks (Kalamandir) IPO Lead Manager(s) #
- Motilal Oswal Investment Advisors Limited (Past IPO Performance)
- HDFC Bank Limited (Past IPO Performance)
- Nuvama Wealth Management Limited (Past IPO Performance)
FAQs #
What is the price range for the Sai Silks (Kalamandir) IPO? #
The price range for the Sai Silks (Kalamandir) IPO has not been provided in the available data.
What is the lot size for the Sai Silks (Kalamandir) IPO? #
The lot size for the IPO has not been provided in the available data.
When will the Sai Silks (Kalamandir) IPO open and close? #
The IPO date and duration have not been provided in the available data.
What is the company’s revenue trend in recent years? #
Sai Silks (Kalamandir) reported revenue of ₹1,133.02 Crores in fiscal year 2022, ₹679.10 Crores in 2021, and ₹1,178.62 Crores in 2020.
What are the main business formats of Sai Silks (Kalamandir)? #
Sai Silks (Kalamandir) operates through four store formats, including Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, catering to different customer segments.
Who are the promoters of Sai Silks (Kalamandir)? #
The promoters of the company are Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
