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Sai Silks Kalamandir ipo is a book built issue of Rs 89.00 crores.
Sai Silks Kalamandir ipo bidding started from February 11, 2013 and ended on February 13, 2013.
Sai Silks Kalamandir ipo price band is set at ₹70 to ₹75 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Ashika Capital Ltd and Vivro Financial Services Private Limited are the book running lead managers of the Sai Silks Kalamandir ipo, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sai Silks Kalamandir ipo RHP for detailed information.
| IPO Date | February 11, 2013 to February 13, 2013 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹75 per share |
| Lot Size | 200 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹89.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 20,220,000 |
Sai Silks Kalamandir ipo offers 12,714,200 shares. 1,271,420 (10.00%) to QIB, 4,449,970 (35.00%) to NII, 6,992,810 (55.00%) to RII. 34,964 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 2,800 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,271,420 (10.00%) | NA |
| NII (HNI) Shares Offered | 4,449,970 (35.00%) | |
| Retail Shares Offered | 6,992,810 (55.00%) | 34,964 |
| Total Shares Offered | 12,714,200 (100%) |
Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹15,000 |
| Retail (Max) | 13 | 2600 | ₹195,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Mr. Chalavadi Naga Kanaka Durga Prasad
2. Mrs. Chalavadi Jhansi Rani
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2005, Sai Silks (Kalamandir) Ltd is in the business of retailing of sarees under the brand name of Kalamandir , Mandir and Varmahalakshmi. Company has a mainly presence in south India with network of 12 retail outlets. Sai Silks (Kalamandir) mainly focus on Womens Ethnic wear.
Company's ranges of products are:
1. Sarees
2. Womens dress materials
3. Mens wear
4. Kids wear
5. Gold Jewellery & Silver Jewellery
Currently, they sell different varieties of sarees for different occasions and ready-made apparels for women, men and kids in their retail outlets. Sale of gold jewellery in their retail outlets under franchise model with its group concern Sai Swarnamandir Jewellers Private Limited ("SSJPL").
| KPI | Values |
|---|---|
| ROCE | 25.85% |
| RoNW | 27.66% |
The object of the issue are to:
1. Setting up of Retail Outlets;
2. Expenses to be incurred for Brand Promotion;
3. Pre-payment of Term Loan facility;
4. Meeting Long Term Working Capital Requirement;
5. General Corporate Purposes; and
6. Issue Expenses.
[Dilip Davda]
As far as BRLM's mandate front is concerned, they have poor track record. While only 2 out of 8 IPOs gave listing gains from Ashika Capital, Vivro's only one IPO failed to perform on debut.
The Sai Silks Kalamandir ipo is subscribed 0.87 times on February 13, 2013 5:00:00 PM. The public issue subscribed 1.31 times in the retail category, 0.00 times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 0.43 |
| Retail | 1.31 |
| Total | 0.87 |
ICRA has assigned an IPO Grade 2 to Sai Silks (Kalamandir) Ltd IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Sai Silks (Kalamandir) IPO Report
Sai Silks (Kalamandir) Ltd
6-3-790/8, Flat No. 1,
Bathina Apartments,
Ameerpet, Hyderabad 500 016
Phone: +91-040-6656 6555
Email: info@kalamandir.com
Website: http://www.kalamandir.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sai Silks Kalamandir ipo is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹89.00 Crores. The issue is priced at ₹70 to ₹75 per share. The minimum order quantity is 200 Shares.
The IPO opens on February 11, 2013, and closes on February 13, 2013.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sai Silks Kalamandir ipo opens on February 11, 2013 and closes on February 13, 2013.
Sai Silks Kalamandir ipo lot size is 200 Shares, and the minimum amount required is ₹15,000.
You can apply in Sai Silks Kalamandir ipo online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sai Silks Kalamandir ipo will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sai Silks Kalamandir ipo allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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ASBA removed on 20/2/2013 evening.