Sai Shilpa Kala Mandir is a very big name in the textile industry. This company is going to do a public listing of its shares and due to this, we may see their IPO being launched soon. They have more than 54 stores available in South India which target different categories of customers and they also have many distributors. This company was opened in 2005 and by 2023 the assets of this company have reached Rs 1220 crore. In this article, we are going to give you the information related to Sai Silks Kalamandir IPO GMP.
Sai Silks Kalamandir IPO GMP
The IPO of a new company is about to come into the stock market, The name is Sai Silks KalaMandir and this IPO has attracted the attention of all the investors because of the business model of this company, the company structure, and the statistics of revenue and assets. He is very good, whose information we have given in the article also.
It is being told that the price of one share in IPO will be between ₹ 210 to ₹ 222 and an investor will have to take a minimum of one loan in which there will be 67 i.e. minimum investment of more than ₹ 14000. If you are interested in Sai Silks Kalamandir IPO GMP, then read this article till the end.
We would like to tell all those people who want to earn profit by buying this IPO that its subscription is starting on 20 September 2023 and will close on 22 September 2023. The allotment of Sai Silks Kalamandir IPO GMP will be done by 27 September 2023.
The company wants to raise funding of Rs 1200 crore from this public listing. Shares worth Rs 600 crore will be for fresh issue while the remaining shares worth Rs 600 crore will be available for offer for sale. Talking about the gray market premium, this is going to be one of the best long-term shares as per the sentiments and demand of the investors.
Sai Silks Kalamandir IPO GMP Overview
|Article||Sai Silks Kalamandir IPO GMP|
|Share per lot||67|
|Share Price||210 – 222|
|Total Issue Size||1200 Crore+|
Sai Silks Kalamandir IPO Objective
Whenever an IPO is launched, the first question that comes to our mind while buying some shares is why this company launched this IPO. Is the company going to take any wrong step by raising funding which may cause loss to the investor? Let’s do it.
Talking about Sai Silks Kalamandir’s IPO Objective, the company will use the money received from the IPO to open new stores, use it as working capital, use it to repay previous loans, open new warehouses, and many other growth. Oriented work will be done.
Sai Silks Kalamandir Financial Performance
According to the information, this company was opened in 2005 and since then it has developed very positively in Sai Silks Kalamandir’s Financial Performance now more than 50 stores have been opened especially in South India. The company has assets worth more than Rs 1200 crore.
If we talk about revenue, Rs 1358 crore revenue has already been generated in 2023. The debt-to-equity ratio is also 0.87 which is considered very good according to investors. Even if we talk about share earning, the company is giving very good returns to the shareholders, returns are getting around ₹9 per share.
Sai Silks Kalamandir IPO Full Details
|IPO Name||Sai Silks (Kalamandir) IPO|
|Issue Size||Rs 1,201.00 crores|
|Fresh Issue||2.7 crore shares (Rs 600.00 crores)|
|Offer for Sale||2.71 crore shares (Rs 601.00 crores)|
|IPO Subscription Period||September 20, 2023, to September 22, 2023|
|Allotment Date||Expected on September 27, 2023|
|Listing Date||Tentatively set for October 4, 2023|
|Price Band||₹210 to ₹222 per share|
|Minimum Lot Size (Retail)||67 shares|
|Minimum Retail Investment||₹14,874|
|Lead Managers||Motilal Oswal Investment Advisors Limited, Hdfc Bank Limited, Nuvama Wealth Management Limited|
|Registrar||Bigshare Services Pvt Ltd|
|Business Segment||Textile and Retail|
|Total Issue Size||54,099,027 shares (Rs 1,201.00 crores)|
|Listing Exchanges||BSE, NSE|
|Promoter Holding (Post Issue)||60.80%|
Sai Silks Kalamandir IPO Important Dates
Here are the important dates for the Sai Silks (Kalamandir) IPO:
- IPO Opening Date: September 20, 2023,
- IPO Closing Date: September 22, 2023
- Basis of Allotment Date: September 27, 2023,
- Initiation of Refunds: September 29, 2023,
- The credit of Shares to Demat Accounts: October 3, 2023,
- Listing Date: October 4, 2023
It is important to note that these dates are subject to change. Therefore, it is advisable to stay updated through official sources or consult with your financial advisor for the latest information regarding the Sai Silks (Kalamandir) IPO.
Sai Silks Kalamandir Company Information
According to the information, Sai Shilpa Kala Mandir is a well-known textile company in South India. There are many brands included in this company that target different types of customers. Some brands are luxury brands in which the prices of clothes are very high and some target middle-income consumers.
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According to Sai Silks Kalamandir Company Information, the names of those brands are Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. Its product line includes sarees, men’s and children’s ethnic wear, fusion wear, and western wear.
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FAQs on Sai Silks Kalamandir IPO GMP
When would allotment happen?
On 27th September 2023.
When would the subscription start?
On 20th September 2023.