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Issue Open Date
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20-Sep-23
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|
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Issue Closing Date
|
22-Sep-23
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|
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Application Money
|
100
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Allotment Money
|
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Price Band
|
210
-
222
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Minimium Application No.
|
67
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Issue Size (Shares)
|
54099027
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Market Lot
|
1
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Objective
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|
1. Funding capital expenditure towards setting-up of 30 new stores (“New Stores”);2. Funding capital expenditure towards setting-up of two warehouses;3. Funding working capital requirements of our Company;4. Repayment or pre-payment, in full or part, of certain borrowings availed by our Company; and5. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
8346515
|
20625481
|
2.47114885673841
|
|
Qualified Institutional Buyers
|
10664594
|
131679656
|
12.3473669977498
|
|
Retail Individual Investors
|
10664594
|
131679656
|
12.3473669977498
|
|
|
|
|
Business Description:
We are one of the largest retailers of ethnic apparel, particularly sarees, in south India in terms of revenues and profit after tax in Fiscal 2019, 2020 and 2021. (Source: Technopak Report) Through our four store formats, i.e., Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, we offer our products to various segments of the market that include premium ethnic fashion, ethnic fashion for middle income and value-fashion, with a variety of products across different price points, thereby catering to customers across all market segments. We leverage our store network of 46 stores as of May 31, 2022, to focus on spreading India’s vibrant culture, traditions and heritage by offering a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, as well as occasional and daily wear; lehengas, men’s ethnic wear, children’s ethnic wear and value fashion products comprising fusion wear and western wear for women, men and children.
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Promoter's Holding
|
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Total Share Capital
|
120322940
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|
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Offered to Public
|
54099027
|
|
|
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Promoter's Holding (Pre-Issue)
|
95.24
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Promoter's Holding (Post-Issue)
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60.8
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Address |
6-3-790/8
Flat No. 1
Bathina Apartments
Ameerpet
Hyderabad
,
Telangana
,
500016
Phone :
040-66566555
Email :
secretarial@sskl.co.in
Website :
www.sskl.co.in
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
|
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Listed at |
|
BSE, NSE
|
|
|
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Lead Manager |
HDFC Bank Ltd.
Motilal Oswal Investment Advisors Pvt Ltd
Nuvama Wealth Management Ltd.
|
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Promoters |
Jhansi Rani Chalavadi
Nagakanaka Durga Prasad Chalavadi
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