Sai Silks (Kalamandir) Limited IPO

Sai Silks (Kalamandir) Limited IPO


Step into a world where tradition meets style, and culture intertwines with fashion. ai Silks (Kalamandir) Limited, a beacon of ethnic apparel and value-fashion, invites you to explore an exquisite tapestry of clothing inspired by India's rich heritage. From opulent sarees for special occasions to vibrant fusion wear and western attire for all, their diverse range caters to every fashionista's dream. Discover the allure of timeless elegance with ai Silks, where every thread weaves a story of tradition and contemporary chic.

Your Ultimate Guide to the Sai Silks (Kalamandir) Limited IPO in September 2023

Get ready for a promising investment opportunity as we dive into the details of the eagerly awaited IPO scheduled for September 2023. This comprehensive FAQ-style guide is your go-to source for everything you need to know about this exciting IPO.

1. When is the IPO taking place?

  • IPO Open Date: Wednesday, September 20, 2023
  • IPO Close Date: Friday, September 22, 2023

2. What's the Face Value of the shares?

Each share comes with a face value of ₹2.

3. What is the price band per share in the IPO?

The price per share in this IPO falls within the range of ₹210 to ₹222.

4. What is the Lot Size for this IPO?

The lot size for this IPO is 67 shares.

5. Can you provide the Total Issue Size for the IPO?

Certainly, the Total Issue Size is 54,099,027 shares, aggregating up to ₹1,201.00 Crores.

6. How is the Issue Structured?

This IPO follows a Book Built Issue structure, comprising a 

  • Fresh Issue of 27,027,027 shares (aggregating up to ₹600.00 Crores) and an 
  • Offer for Sale of 27,072,000 shares (aggregating up to ₹601.00 Crores).

7. Where will the shares be listed?

After the IPO, the shares will be available for trading on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

8. What is the shareholding pattern before and after the issue?

Pre-issue, the shareholding stands at 126,339,085 shares. Post-issue, it will increase to 153,366,112 shares.

9. What's the IPO Timeline?

Here's a tentative schedule:

  • 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

10. What's the allocation for different investor categories?

The allocation is as follows:

  • Anchor Investors: 30.00% of the shares
  • QIB (Qualified Institutional Buyers) Shares: 20.00% of the shares
  • NII (Non-Institutional Investors) or HNI Shares: 15.00% of the shares
  • Retail Shares: 35.00% of the shares

With all these details at your fingertips, you're well-prepared to seize this investment opportunity. Stay tuned as the IPO date approaches and make informed decisions in September 2023.

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