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Sai Silks (Kalamandir) IPO is a book build issue .
Sai Silks (Kalamandir) IPO bidding started from Feb 11, 2013 and ended on Feb 13, 2013.
Sai Silks (Kalamandir) IPO price band is set at ₹70.00 to ₹75.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹14,000 (200 shares). The lot size investment for sNII is 14 lots (2,800 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (13,400 shares), amounting to ₹10,05,000.
Ashika Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹70 to ₹75 per share |
| Lot Size | 200 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,02,20,000 shares |
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%) |
Sai Silks (Kalamandir) IPO opens on February 11, 2013, and closes on February 13, 2013.
| IPO Open Date | Mon, Feb 11, 2013 |
| IPO Close Date | Wed, Feb 13, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 13, 2013 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹15,000 |
| Retail (Max) | 13 | 2,600 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,800 | ₹2,10,000 |
| S-HNI (Max) | 66 | 13,200 | ₹9,90,000 |
| B-HNI (Min) | 67 | 13,400 | ₹10,05,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 Women’s Ethnic wear.
Company's ranges of products are:
1. Sarees
2. Women’s dress materials
3. Men’s wear
4. Kid’s 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").
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] <p>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.</p> <h4>Considering this, despite "safety net" it is better to give it a miss.</h4> Read detail review...
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, Telangana, 500016
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 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is 200.
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.
Zerodha customers can apply online in Sai Silks (Kalamandir) IPO using UPI as a payment gateway. Zerodha customers can apply in Sai Silks (Kalamandir) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sai Silks (Kalamandir) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sai Silks (Kalamandir) IPO opens on February 11, 2013 and closes on February 13, 2013.
Sai Silks (Kalamandir) IPO lot size is 200, and the minimum amount required for application is ₹15,000.
You can apply in Sai Silks (Kalamandir) IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Sai Silks (Kalamandir) IPO listing date is not yet announced. The tentative date of Sai Silks (Kalamandir) IPO listing is [.].
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