Sai Silks IPO

Sai Silks (Kalamandir) Limited

₹14,070 /67 sharesMinimum Investment

Sai Silks IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Sep ‘23 - 22 Sep ‘23₹14,07067₹210 - ₹222
Issue SizeIPO Doc
1201.00Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers12.35x
Non-Institutional Investor2.47x
Retail Individual Investor0.88x
Employees0.00x
Total4.40x

About Sai Silks

Sai Silks is a retailer specializing in ethnic clothing, specifically sarees. They operate through four different store formats: Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. These stores cater to various market segments, offering premium ethnic fashion, middle-income ethnic fashion, and value-fashion. The company provides various products at different prices to serve customers across all market segments. Their product range includes various types of ultra-premium and premium sarees suitable for weddings, parties, occasional wear, and daily wear. The company also offers lehengas, men's ethnic wear, children's ethnic wear, value fashion products, including fusion wear and western wear for women, men, and children, and North Indian women's ethnic celebration wear, such as designer lehengas.;
Founded in
2008
Managing director
Mr. Nagakanaka Durga Prasad Chalavadi
Parent organisation
Sai Silks (Kalamandir) Limited

Strengths & Financials of Sai Silks

Strengths
Risks
Sai Silks ranks among the top 10 retailers in South India for ethnic apparel, especially sarees, based on revenue and post-tax profits for 2020, 2021, and 2022.
The company's wide range of products at various price levels has catered to more than 5.98 million customers since its inception.
Between 2021 and 2023, the company added 15 new stores, including three format conversions.
Beginning with its first 'Kalamandir' store in Hyderabad, Telangana, in 2005, the company has expanded to 54 stores across four major south Indian states: Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, with a combined area of approximately 603,414 square feet as of July 31, 2023.
In 2023, the company's websites (across all its four store formats) averaged 6,463 daily visits, compared to 9,715 and 3,158 daily visits in 2022 and 2021, respectively.
Online sales contributed Rs. 5.49 crores, Rs. 17.16 crores, and Rs. 18.47 crores to the company's revenue from operations in 2021, 2022, and 2023, respectively, accounting for 0.81%, 1.52%, and 1.37% of total revenue.
The company's increased emphasis on eCommerce has expanded its product reach, with sarees shipped to 25 states and six union territories across India in 2023

Sai Silks Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Sai Silks IPO

Apply asPrice bandApply upto
Regular210 - 222₹2 Lakh
High Networth Individual210 - 222₹2 - 5 Lakh
For Sai Silks IPO, eligible investors can apply as Regular.
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