Explore the exciting details of the Sai Silks (Kalamandir) IPO, set to open on September 20, 2023. Learn about the price band, lot size, and why this IPO might be your ticket to prosperity.
Investors, get ready for a thrilling opportunity with the Sai Silks (Kalamandir) IPO ! This IPO is creating quite a buzz, and for good reasons. Let’s dive into the details and uncover why this might be the investment you’ve been waiting for.
Sai Silks (Kalamandir) IPO Essentials
Opening and Closing Dates: The Sai Silks (Kalamandir) IPO subscription period runs from September 20, 2023, to September 22, 2023.
Allotment Date: Mark your calendars for September 27, 2023, when the allotment for this IPO is set to be finalized.
Listing Date: The Sai Silks (Kalamandir) IPO will debut on both BSE and NSE, with a tentative listing date on October 4, 2023.
Price Band: The IPO price band is enticing, ranging from ₹210 to ₹222 per share.
Investment Made Easy
Minimum Lot Size: To get on board, you only need 67 shares, making it accessible for many investors.
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Retail Investor’s Entry: Retail investors can join the journey with an investment of just ₹14,874.
Special Investor Categories: There are also opportunities for savvy investors, with specific lot sizes for S-NII and B-NII investors.
Behind the Scenes
Leading this IPO are esteemed entities. Motilal Oswal Investment Advisors Limited, Hdfc Bank Limited, and Nuvama Wealth Management Limited are the book running lead managers. For administrative matters, Bigshare Services Pvt Ltd is the registrar.
Sai Silks (Kalamandir) IPO in Numbers
- Total Issue Size: A substantial 54,099,027 shares aggregating up to ₹1,201.00 Crores.
- Fresh Issue: 27,027,027 shares aggregating up to ₹600.00 Crores.
- Offer for Sale: 27,072,000 shares of ₹2, amounting to ₹601.00 Crores.
Reservations and Anchors
- QIBs are offered not more than 50.00% of the Net Offer.
- NII (HNI) investors are assured not less than 15.00% of the Offer.
- Retail investors have their place secured with not less than 35.00% of the Offer.
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Anchor Investors
Sai Silks (Kalamandir) IPO made a resounding entry, raising a whopping ₹360.30 Crores from anchor investors. Anchor bidding took place on September 18, 2023.
Mark Your Calendar
The Sai Silks (Kalamandir) IPO schedule:
- IPO Open Date: Wednesday, September 20, 2023
- IPO Close Date: Friday, September 22, 2023
- Basis of Allotment: Wednesday, September 27, 2023
- Initiation of Refunds: Friday, September 29, 2023
- Credit of Shares to Demat: Tuesday, October 3, 2023
- Listing Date: Wednesday, October 4, 2023
- Cut-off time for UPI mandate confirmation: 5 PM on September 22, 2023
Sai Silks (Kalamandir) IPO Lot Size
Investors have flexibility, with a minimum bid of 67 shares and the ability to multiply from there. Here’s a snapshot of the lot sizes:
- Retail (Min): 67 shares, ₹14,874
- Retail (Max): 871 shares, ₹193,362
- S-HNI (Min): 938 shares, ₹208,236
- S-HNI (Max): 4,489 shares, ₹996,558
- B-HNI (Min): 4,556 shares, ₹1,011,432
The Power Behind Sai Silks (Kalamandir) IPO
Meet the driving forces behind this exciting IPO:
- Promoters: Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi.
- Pre-Issue Share Holding: 95.23%
- Post-Issue Share Holding: 60.80%
About Sai Silks (Kalamandir) IPO
Founded in 2005, Sai Silks (Kalamandir) Limited offers an array of ethnic apparel and value-fashion products. With a diverse range, from premium sarees to men’s ethnic wear, it caters to various tastes.
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Financial Snapshot
Here’s a glimpse of Sai Silks (Kalamandir) IPO’s financial performance:
- Revenue (2023): ₹1,358.92 million
- Profit After Tax (2023): ₹97.59 million
- Market Cap: ₹3404.73 Crores
- P/E (x): 27.37
Objectives of the Issue
The net proceeds from this IPO will fund:
- Setting up 25 new stores.
- Establishing two warehouses.
- Covering working capital needs.
- Repaying or pre-paying certain borrowings.
- General corporate purposes.
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Sai Silks (Kalamandir) IPO offers a promising journey into the world of ethnic fashion and value products. With strong financials and ambitious expansion plans, this IPO has potential. Make an informed choice and consider this golden opportunity.
Disclaimer: The above information is for reference purposes only. Please consult the official prospectus and your financial advisor before making any investment decisions.
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