- POSITIVE
Annual Revenue Sai Silks Kalamandir Mar-2026 Annual Revenue is Rs 1,673 Cr which is growth of 12.5% YoY.
- POSITIVE
Annual Net Profit Sai Silks Kalamandir Mar-2026 Annual Net Profit is Rs 141 Cr which is growth of 65.0% YoY.
Sai Silks (Kalamandir), incorporated in 2006, stands as South India's largest retailer of ethnic apparel, specifically sarees. With its four distinct store formats—Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall—the company provides a range of options for customers across all market segments, from premium to middle income and value-fashion. This diverse offering allows them to cater to varying tastes and budgets.
| Bidding Dates |
|---|
| 20 Sep 2023 - 22 Sep 2023 |
| Subscription |
|---|
| 4.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,874 | 1 | 13 | 67 | 54.1 M | ₹210 - ₹222 | 64.73 % | ₹11,360.8 M - ₹12,010.0 M | RHP DOC |
Sai Silks Kalamandir IPO SUBSCRIPTION STATUS
22 Sep '23Total4.4x
Retail Individual Investor0.88x
HNI (NII) Investors2.47x
Qualified Institutional Buyers12.35x
Sai Silks Kalamandir IPO overall subscription rate was 4.4 times the total available shares
Sai Silks Kalamandir IPO retail subscription rate was 0.88 times in the retail segment
Sai Silks Kalamandir IPO non-institutional investor subscription rate was 2.47 times in the non-institutional investor category
Sai Silks Kalamandir IPO Qualified Institutional Bidder subscription rate was 12.35 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
22 Sep 2023 (Day 3) | 0.88x | 2.47x | 12.35x |
21 Sep 2023 (Day 2) | 0.26x | 0.27x | 0.51x |
20 Sep 2023 (Day 1) | 0.12x | 0.03x | 0x |
Sai Silks Kalamandir FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 975.9 | 13,514.7 | 412.3 | -188.8 | 15.7% |
| FY22 | 576.9 | 11,293.2 | 456.0 | 202.8 | 11.8% |
| FY21 | 51.3 | 6,772.5 | -152.0 | -207.4 | 9.2% |
Sai Silks Kalamandir IPO SUBSCRIPTION STATUS DETAILS
Sai Silks Kalamandir had 54.1 M shares on offer
Sai Silks Kalamandir IPO offer price was in the range ₹210 - ₹222
Sai Silks Kalamandir IPO minimum Investment was ₹14874
Sai Silks Kalamandir IPO issue size was ₹ 11,360.8 M - ₹ 12,010.0 M
Sai Silks Kalamandir had a minimum lot size of 67 Shares per application
Sai Silks Kalamandir NUMBER OF SHARES ON OFFER
Total54.1 M
Fresh Issue27.0 M
Offer for Sale27.1 M
Post Issue Promoter Holding %64.73 %
Sai Silks Kalamandir IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2023 |
| Issue close Date | 22 Sep 2023 |
| Allotment Date | 26 Sep 2023 |
| Refund Date | 26 Sep 2023 |
| Demat Account Credit Date | 27 Sep 2023 |
| Listing Date | 27 Sep 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Sai Silks Kalamandir Allotment Status | Exchange |
Sai Silks Kalamandir IPO subscription opened on 20 Sep 2023, and closed on 22 Sep 2023
IPO allotment for Sai Silks Kalamandir was finalized on Tuesday, 26 Sep 2023
IPO listing for Sai Silks Kalamandir was on NSE and BSE on Wednesday, 27 Sep 2023
Sai Silks Kalamandir IPO LISTING GAINS
| Issue Price (adjusted) | 222.0 |
| Listing Open Price | 231.0 |
| Listing Close Price | 244.9 |
| Listing Gain% | 4.0% |
| Current Gain% | -59.4% |
Sai Silks Kalamandir Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sai Silks (Kalamandir) Ltd. | 90.1 | 1382.3 | 10.8 | -6.5 | 0.8 | 11.2 | 7.6 | 1672.5 | 12.5 | 140.9 | 65 | 8.3 | -1.7 |
| Lenskart Solutions Ltd. | 727 | 126481.1 | 162.1 | 12.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 4.5 | ||
| Page Industries Ltd. | 31325 | 34939.6 | 45.8 | -583.5 | 6.4 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.6 | -0.1 |
| Pearl Global Industries Ltd. | 1333.1 | 12329.9 | 34 | 0.9 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 39.2 | 36.6 |
| Timex Group India Ltd. | 726.4 | 7333 | 71.4 | 0.9 | 7.6 | 100.1 | 22.3 | 800.6 | 48.3 | 75.4 | 140.1 | 10.2 | 83.1 |
| Safari Industries (India) Ltd. | 1344.3 | 6571.7 | 42.4 | -6.3 | 3 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 31.7 | -6.7 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Sai Silks Kalamandir annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Total Rev. Ann.
1Y CHG
12.5%
2Y CAGR
9.4%
3Y CAGR
7.2%
Net Profit Ann.
1Y CHG
65%
2Y CAGR
18.2%
3Y CAGR
13%
Operating Exp. Ann.
1Y CHG
11.4%
2Y CAGR
9.5%
3Y CAGR
6.9%
Sai Silks Kalamandir INFORMATION ON IPO ISSUE
About Sai Silks Kalamandir
Sai Silks (Kalamandir), incorporated in 2006, stands as South India's largest retailer of ethnic apparel, specifically sarees. With its four distinct store formats—Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall—the company provides a range of options for customers across all market segments, from premium to middle income and value-fashion. This diverse offering allows them to cater to varying tastes and budgets.
Object of the Issue
- Funding capital expenditure towards setting up 25 new stores
- Funding capital expenditure towards setting up 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 - PROMOTERS
| Name |
|---|
| Nagakanaka Durga Prasad Chalavadi |
| Jhansi Rani Chalavadi |
Sai Silks Kalamandir Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
sskl.ipo@motilaloswal.com
HDFC Bank Limited
ssklipo@hdfcbank.com
Sai Silks Kalamandir Book Running Lead Managers
Edelweiss Financial Services Limited
sskl.ipo@edelweissfin.com
Sai Silks Kalamandir Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Sai Silks Kalamandir Strengths
Leading retail company
The company is among the leading ethnic wear and value-fashion retail companies in south India, with a portfolio of established formats with a focused sales and marketing strategy
Strength
Scalable model
The company is a leading apparel retail brand in India with a scalable model that is well-positioned to leverage growth in the ethnic and value-fashion apparel industry in India
Strength
Omni-channel network
The company has a strong presence in the offline and online marketplace with an omnichannel network and has a track record of growth
Strength
Sai Silks Kalamandir Risks
Dependent on one product
The company's business is highly concentrated on the sale of women’s sarees and is vulnerable to variations in demand and changes in consumer preference, which could have an adverse effect on the business
Risk
Dependent on third-party
The company procures its products from third-party vendors and master weavers. It does not enter into long-term formal agreements with such vendors
Risk
Incurred losses
The company has incurred indebtedness and its inability to comply with repayment and other covenants in financing agreements could adversely affect its business and financial condition
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 601.0 crore, of 27,072,000 shares. It also consists of a fresh issue of Rs 600.0 crore.
The promoters of the company are Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 210.0 - 222.0.
The IPO application opens on Sep 20, 2023 and closes on Sep 22, 2023.
The minimum lot size for the IPO is 67. The maximum lot size for the IPO is 871.
For all category investors, the minimum application amount for this IPO is Rs. 14,874.0, the maximum value for this IPO is Rs 193,362.0.
This IPO will be allotted on Sep 26, 2023.
The refund will be credited to your account on Sep 26, 2023.
The allotted shares will be credited to your demat on Sep 27, 2023.
Sai Silks (Kalamandir) Ltd.’s shares listed on the stock exchanges on Sep 27, 2023.