iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Sai Silk Kalamandir Makes Modest Debut on Stock Market, Lists at 4% Premium

27 Sep 2023 , 09:58 AM

Sai Silk Kalamandir made its debut on the stock market with a modest 4% premium. The shares of Sai Silk Kalamandir were listed at Rs 231 on the NSE, representing a 4.05% premium, while on the BSE, they were listed at Rs 230.10, indicating a 3.65% premium over the issue price of Rs 222.

Sai Silks Kalamandir successfully raised Rs 1,201 crore through its initial public offering (IPO). The IPO witnessed participation from prominent global investors, including Societe Generale, Citigroup Global Markets Mauritius, HSBC, BNP Paribas Arbitrage, SBI Mutual Fund, ICICI Prudential Mutual Fund, Whiteoak Capital, Eastspring Investments India, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Abakkus Growth Fund, and Mirae Asset India, who invested in the company via the anchor book.

The proceeds from the IPO will be utilized by the company for various purposes, including setting up 30 new stores at a cost of Rs 125.08 crore, establishing two warehouses with an expenditure of Rs 25.4 crore, addressing working capital requirements totaling Rs 280.07 crore, and repaying a Rs 50-crore debt.

Sai Silks Kalamandir’s financial performance has been impressive, with net profit rising by 69.1% in the fiscal year ending March 2023 compared to the previous year, reaching Rs 97.6 crore. This growth is attributed to the company’s strong operating performance. Additionally, revenue from operations during the same period increased by 19.7% to Rs 1,351.5 crore in FY23. The company also reported a significant jump in EBITDA (earnings before interest, tax, depreciation, and amortization) in FY23, which surged by 60% to Rs 212.5 crore, with a margin expansion of 394 basis points at 15.72%, compared to the previous year.

Sai Silk Kalamandir

Related Tags

  • Sai silk IPO
  • Sai Silk Kalamandir
  • Sai Silk Kalamandir listing price
  • Sai Silk Kalamandir share price
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.