Sai Silks (Kalamandir) Ltd. IPO

Sai Silks (Kalamandir) is a leading South Indian ethnic apparel retailer with a wide range of products for all budgets and lifestyles. From sarees and lehengas to men's and children's ethnic wear, fusion wear, and western wear, the company offers something for everyone. With its 54 stores across South India, Sai Silks (Kalamandir) is committed to providing its customers with a unique shopping experience and promoting India's vibrant culture and heritage.

RHP
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DRHP
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Open Date

2023-09-20

Close Date

2023-09-22

Company Financials

You can get the following financial statements of Sai Silks (Kalamandir) Ltd. as of now.

Subscription Details

The details about the Sai Silks (Kalamandir) IPO is as:

  • The issue size of the IPO is 1201 Cr.
  • The price band for Sai Silks (Kalamandir) IPO is Rs 210 to Rs 222.
  • The shares of Sai Silks (Kalamandir) IPO will list on 27th September 2023.
  • The latest tentative GMP of Sai Silks (Kalamandir) IPO is Rs 7.
  • The shares of Sai Silks (Kalamandir) IPO is subscribed 4.47 Times as of 22nd September 2023.

 

Sai Silks (Kalamandir) IPO Valuation

The approx valuation of Sai Silks (Kalamandir) IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 142
Existing Shares (Qty) 12.63 Cr
Fresh Issue 600 Cr
Market Cap 2393.46 Cr
EPS (FY23) Rs 8.11
PE Ratio 17.50x
Industry PE 98.03x

 

Sai Silks (Kalamandir) IPO Issue Size

Sai Silks (Kalamandir) IPO issue size is 1201 Cr. 

Issue Amount
Fresh Issue 600 Cr
Offer For Sale  601 Cr 

 

Sai Silks (Kalamandir) IPO Market Lot

An Individual can apply for a minimum 1 lot of 67 shares and a maximum of 13 lots of 871 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 67 Rs 14,874
 Maximum 13 871 Rs 1,93,362

 

Sai Silks (Kalamandir) IPO share offer

The shares of Sai Silks (Kalamandir) IPO is subscribed 4,47 Times as of 22th September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Maximum 50% 12.17 Times
Non-Institutional Minimum 15% 2.54 Times
Retail Individual Minimum 35% 0.91 Times
Total   4.47 Times

 

Allotment Details

Find below the dates for Sai Silks (Kalamandir) IPO:

Schedule Date
Basis of Allotment 25 September 2023
Refunds 26 September 2023
Credit to Demat Account 27 October 2023
IPO Listing Date 27 October 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1043.89 1175.56 677.25 1129.32 1351.47
Total Expenditure 961.37 1071.86 614.9 991.12 1132.13
Operating Profit 82.53 103.7 62.35 138.21 219.34
Other Income 1.06 3.22 1.86 3.69 7.45
Interest 20.41 27.51 27.44 33.8 52.22
Depreciation 14.22 26.03 29.46 30.82 41.01
Exceptional Items 0 0 0 0 0
Profit Before Tax 48.96 53.38 7.31 77.29 133.57
Provision for Tax 18.63 11.28 2.18 19.6 35.98
Net Profit 30.33 42.1 5.13 57.69 97.59
Adjusted EPS (Rs.) 0.26 0.36 0.04 0.48 0.81

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 23.45 23.46 24.07 24.07 24.07
Total Reserves 165.94 208.05 218.93 276.6 373.27
Borrowings 40.36 34.58 57.36 48.66 65.38
Other N/C liabilities 17.99 73.36 64.78 85.46 185.2
Current liabilities 318.55 353.31 300.29 407.71 572.53
Total Liabilities 566.29 692.76 665.42 842.49 1220.45
Assets
Net Block 152.13 251.2 225.16 249.19 379.46
Capital WIP 0 0 2.12 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 22.72 26.35 28.81 32.55 36.26
Other N/C Assets 2.11 0 0 0 0
Current Assets 389.33 415.21 409.34 560.75 804.73
Total Assets 566.29 692.76 665.42 842.49 1220.45
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 3 2.18 10.07
Profit Before Tax 22.48 31.61 41.98
Tax 5.69 8.25 10
Profit After Tax 16.79 23.36 31.98
Adjusted EPS (Rs) 1.4 1.59 2.17

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 60.8 0
Sep 2023 60.8 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 48.96 53.38 7.31 77.29 133.57
Adjustment 33.6 56.6 61.17 68.32 90.39
Changes in Assets & Liabilities -45.04 -1.28 -78.73 -98.08 -136.79
Tax Paid -7.75 -23.43 -4.94 -1.93 -45.95
Operating Cash Flow 29.77 85.26 -15.2 45.6 41.23
Investing Cash Flow -47.35 -47.41 -17.98 -42.01 -60.14
Financing Cash Flow 36.8 -44.76 19.43 0.7 14.9
Net Cash Flow 19.22 -6.91 -13.76 4.29 -4.01
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