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

Sai Silks (Kalamandir) Ltd. IPO Details

Check out the issue details for Sai Silks (Kalamandir) Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 222

Price Band

₹ 210 - 222

Issue Size

1201 Cr.

Issue Type

Book Built

Open

2023-09-20

Close

2023-09-22

Listingprice

₹ 231

ListingGain

4.05%

Listing Date

2023-09-27

CMP

₹ 159.9

Current Return

-27.97%

Company Financials

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

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

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1175.56 677.25 1129.32 1351.47 1373.55
Total Expenditure 1071.86 614.9 991.12 1132.12 1154.37
Operating Profit 103.7 62.35 138.21 219.35 219.18
Other Income 3.22 1.86 3.73 7.64 23.51
Interest 27.51 27.44 33.83 52.41 60.1
Depreciation 26.03 29.46 30.82 41.01 47.91
Exceptional Items 0 0 0 0 0
Profit Before Tax 53.38 7.31 77.29 133.57 134.68
Provision for Tax 11.28 2.18 19.6 35.98 33.81
Net Profit 42.1 5.13 57.69 97.59 100.87
Adjusted EPS (Rs.) 0.36 0.04 0.48 0.81 0.68

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 23.46 24.07 24.07 24.06 29.47
Total Reserves 208.05 218.93 276.6 373.27 1033.47
Borrowings 34.58 57.36 48.66 65.38 22.62
Other N/C liabilities 73.36 64.78 85.46 185.2 211.03
Current liabilities 353.31 300.29 407.71 572.54 345.05
Total Liabilities 692.76 665.42 842.49 1220.45 1641.64
Assets
Net Block 251.2 225.16 249.19 379.47 414.01
Capital WIP 0 2.12 0 0 2.27
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 26.35 28.81 32.55 36.26 50.28
Other N/C Assets 0 0 0 0 0
Current Assets 415.21 409.34 560.75 804.72 1175.08
Total Assets 692.76 665.42 842.49 1220.45 1641.64
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 2.18 10.07 8.23 6.74 6.26
Profit Before Tax 31.61 41.98 38.61 2.81 38.94
Tax 8.25 10 9.88 0.72 15.17
Profit After Tax 23.36 31.98 28.73 2.09 23.77
Adjusted EPS (Rs) 1.59 2.17 1.95 0.14 1.61

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 60.8 0
Jun 2024 60.8 0
Mar 2024 60.8 0
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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 53.38 7.31 77.29 133.57 134.68
Adjustment 56.6 61.17 68.32 90.39 94.93
Changes in Assets & Liabilities -1.28 -78.73 -98.08 -136.78 -204.14
Tax Paid -23.43 -4.94 -1.93 -45.95 -46.93
Operating Cash Flow 85.26 -15.2 45.6 41.23 -21.46
Investing Cash Flow -47.41 -17.98 -42.01 -60.14 -331.83
Financing Cash Flow -44.76 19.43 0.7 14.9 392.95
Net Cash Flow -6.91 -13.76 4.29 -4.01 39.66
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