Sai Silks Kalamandir IPO GMP Today:- In the textile sector, Sai Shilpa Kala Mandir is a highly well-known brand. Due to this company’s plans to issue its shares on the open market, its initial public offering (IPO) may be starting shortly. They have more than 54 locations throughout South India that cater to various client demographics, and they also work with a large number of wholesalers. This business was founded in 2005, and by 2023, its assets had grown to Rs 1220 crore. We will provide you with information about Sai Silks Kalamandir IPO GMP in this post.
Sai Silks Kalamandir IPO GMP Today is an important topic for investors and financial enthusiasts. The Grey Market Premium (GMP) refers to the price at which the shares of a company are trading in the unofficial market before they are listed on the stock exchange. This premium is determined by demand and supply factors, as well as market sentiment. As of today, the GMP for Sai Silks Kalamandir IPO stands at [insert current value]. This indicates that there is strong interest and demand for the company’s shares in the market.
Sai Silks Kalamandir IPO GMP Today
Sai Silks KalaMandir, a new company whose IPO is going to take place on the stock market, has caught the interest of all investors due to its business plan, organisational structure, and figures on revenue and assets. He is excellent, and we have included information about him in the post as well. One share in the initial public offering (IPO) would cost between 210 and 222 dollars, and investors will be required to take a minimum of 67 loans, for a minimum investment of more than 14000 dollars. Read this post all the way to the end if Sai Silks Kalamandir IPO GMP interests you.
We would like to inform everyone interested in investing in our initial public offering (IPO) that the subscription period will open on September 20, 2023, and finish on September 22, 2023. By September 27, 2023, Sai Silks Kalamandir IPO GMP will have been allotted. By going public, the business hopes to raise Rs 1200 crore in capital. The remaining shares, worth another Rs. 600 crore, will be offered for sale along with the fresh issue of shares costing Rs. 600 crore. According to investor mood and demand, this is going to be one of the greatest long-term shares when it comes to the grey market premium.
Sai Silks Kalamandir IPO GMP Today Overview
|Article||Sai Silks Kalamandir IPO GMP|
|Share per lot||67|
|Share Price||210 – 222|
|Official Website||Check Here|
|Total Issue Size||1200 Crore+|
Sai Silks Kalamandir IPO Objective
When an initial public offering (IPO) is announced, the first thought that crosses our minds when we purchase some shares is “why did this company launch this IPO?”. Will the corporation make a mistake by soliciting money that might cost the investor money? Let’s get going. Regarding Sai Silks Kalamandir’s IPO Objective, the business plans to develop more stores, use the proceeds as operating capital, pay off prior debts, establish new warehouses, and pursue a variety of other growth opportunities. There will be focused effort done.
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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 Financial Performance
The firm was established in 2005, and since then, Sai Silks Kalamandir’s financial performance has improved significantly. As a result, more than 50 outlets, mostly in South India, have been opened. More than Rs 1200 crore worth of assets are owned by the corporation. In terms of earnings, Rs 1358 crore have already been made in 2023. Investors view the debt-to-equity ratio, which is 0.87, to be in very excellent standing. Even if we only consider share earnings, the corporation is providing its shareholders with very strong returns, with payouts averaging approximately $9 per share.
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Sai Silks Kalamandir Company Information
Sai Shilpa Kala Mandir is a well-known textile business in South India, according to the source. This corporation is made up of several brands that cater to various client groups. Some clothing labels are luxury ones with very high pricing, while others cater to middle-class shoppers. These brands’ names include Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, according to Sai Silks Kalamandir Company Information. Sarees, men’s and kids’ ethnic wear, fusion wear and western clothing are all part of its product portfolio.
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 crucial to remember that these dates might change. It is thus advised to keep informed about the Sai Silks (Kalamandir) IPO through official sources or to speak with your financial advisor.
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Brief on Sai Silks (Kalamandir) Ltd business model
Sai Silks (Kalamandir) Ltd was established in 2005 with the goal of selling ethnic clothing and affordable fashion items. While India’s rich ethnic variety and cultural past serve as the primary inspiration for Sai Silks (Kalamandir) Ltd’s goods, the company has also packed its product offers to include something for every conceivable situation. A wide selection of ultra-premium and premium sarees that are perfect for weddings, parties, and everyday wear are now available from Sai Silks (Kalamandir) Ltd.
Lehengas, men’s ethnic wear, children’s ethnic wear, as well as semi-western clothing with ethnic elements are all available from Sai Silks (Kalamandir) Ltd. Its four various format stores serve as the company’s marketing front end and offer its fashion goods. In the four south Indian states of Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, Sai Silks (Kalamandir) Ltd. operates more than 54 outlets.
The Kalamandir, the company’s initial retail model, provides modern ethnic wear for middle-class consumers. These include several kinds of sarees, including cotton, silk, tusser, kota, kora, khadi, and georgette. Vara Mahalakshmi Silks, the second format store, sells high-quality ethnic silk sarees and handlooms for wedding and special occasion wear. These include Organza, Paithani, Kanchipuram, Kanchipuram Patola, Banarasi, and Kota. The Mandir, a third format store that caters to rich clients, sells incredibly expensive designer sarees.
Designer sarees like Banarasi, Patola, Ikat, Kanchipuram, Paithani, and Kuppadam are among them. The KLM Fashion Mall, which sells value fashion at reasonable rates, is the fourth type of format shop. These include western clothing for ladies, men, and kids, fusion clothing, and sarees for everyday wear. With an omnichannel strategy, it offers a uniform yet distinctive experience by selling its goods through both traditional brick-and-mortar shop formats and online platforms.
30 new outlets and its two new warehouses will be opened using the money from the fresh issuance. The money will also be used for working capital needs and loan repayment. Motilal Oswal Investment Advisors, HDFC Bank, and Nuvama Wealth Management are in charge of leading the problem management. The issue’s registrar will be Bigshare Services Private Ltd.
Sai Silks Kalamandir IPO GMP (Grey Market Premium) today is a topic of great interest in the financial market. The Grey Market Premium refers to the difference between the IPO price and the price at which the shares are being traded unofficially before they are listed on the stock exchange. It is an indicator of investor sentiment and demand for the company’s shares. As of today, the Sai Silks Kalamandir IPO GMP stands at X%, indicating strong investor interest in the company’s offering. This positive sentiment can be attributed to factors such as the company’s strong financial performance, growth prospects, and positive market sentiment towards the textile industry.
Sai Silks Kalamandir IPO GMP Today FAQ’S
What is GMP price in IPO?
The Grey Market Premium (GMP) acts as a dependable gauge of the market's perception of an Initial Public Offering (IPO) before it is officially listed on the stock exchange. The GMP for the IPO reflects the difference between the trading price of shares in the grey market and the price set by the company for the IPO.
How do you calculate IPO listing price from GMP?
There is no definitive formula to calculate the GMP. Let's imagine that the IPO could list at 500 (i.e., 400 + 100) if the X IPO price is fixed at 350 and the grey market displays a rate of 150.
What is grey market in IPO?
A Grey Market IPO refers to an unregulated market where individuals engage in buying and selling IPO shares or applications prior to their official trading launch on the stock exchange. This over-the-counter market operates outside of any established regulations and all transactions are conducted in cash on a personal level.