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Sai Silks (Kalamandir) Ltd

Registered Office : 6-3-790/8 Flat No 1,Bathina Apartments Ameerpet,Hyderabad Telangana 500016 Phone : +91-40-6656 6555
Fax :

Email : secretarial@sskl.co.in

Website : www.sskl.co.in

Initial public offering of 5,40,99,027^ equity shares of face value of Rs. 2 each ("Equity Share") of Sai Silks (Kalamandir) Limited (The "Company" or the "Issuer") for cash at a price of Rs. 222 per equity share including a share premium of Rs. 220 per equity share (the "Offer Price") aggregating to Rs. 1201.00^ crores (the "Offer"). The offer comprised of a fresh issue of 27,027,027^ equity shares by the company aggregating to Rs. 600.00^ crores (the "Fresh Issue") and an offer for sale of 27,072,000^ equity shares (the "Offered Shares") aggregating to Rs. 601.00^ crores (the "Offer for Sale"), comprising offer for sale of (a) 6,409,345^ equity shares aggregating to Rs. 142.29^ crores by Nagakanaka Durga Prasad Chalavadi, 7,949,520^ equity shares aggregating to Rs. 176.48^ crores by Jhansi Rani Chalavadi (collectively, the "Promoter Selling Shareholders"), and (b) 3,083,865^ equity shares aggregating to Rs. 68.46^ crores by Dhanalakshmi Perumalla, 656,295^ equity shares aggregating to Rs. 14.57^ crores by Doodeswara Kanaka Durgarao Chalavadi, 6,346,975^ equity shares aggregating to Rs. 140.90^ crores by Kalyan Srinivas Annam, 2,120,500^ equity shares aggregating to Rs. 47.08^ crores by Subash Chandra Mohan Annam and 505,500^ equity shares aggregating to Rs. 11.22^ crores by Venkata Rajesh Annam (collectively the "Promoter Group Selling Shareholders" and together with the promoter selling shareholders, the "Selling Shareholders") (the "Offer for Sale, and Together with the fresh issue, the "Offer"). The offer constitutes 35.27^% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 2 each. The offer price is 111 times the face value of the equity shares. ^Subject to finalisation of basis of allotment.

Issue

Opens On

Closes On

20-Sep-2023

22-Sep-2023

Money Payable On

Application

Allotment

222.00

0.00

Minimum Application for shares in Nos : 67.0 Further Multiples of : 67.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

566.24

1,201.00

30.67

222.00

HDFC Bank Ltd

Motilal Oswal Investment Advisors Ltd

Nuvama Wealth Management Ltd

Projects

Funding capital expenditure towards setting up of 25 new stores

Funding capital expenditure towards setting up 2 warehouses

Funding working capital requirements of the company

Repayment or pre-payment in full or part, of certain borrowings availed by the company

General corporate purposes

Promoted By

Nagakanaka Durga Prasad Chalav

Jhansi Rani Chalavadi

Listing At

Registrar to the Issue

Bigshare Services Pvt Ltd