Sai Silks (Kalamandir) IPO GMP History
Sai Silks (Kalamandir) IPO has been listed on September 27, 2023 at a listing price of ₹231, against the issue price of ₹222 — a gain of ₹9 (+4.05%). The GMP peaked at ₹15 on 25 September 2023 and reached a low of ₹10 on 20 September 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sai Silks (Kalamandir) IPO raised ₹1201 Cr. through its IPO at a price band of ₹210 to ₹222 per share, with a lot size of 67 shares. The IPO was open for subscription from 20 Sep 2023 to 22 Sep 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:08 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Sep 2023 | ₹ 13 | ▼ | 6% | — | — |
| 25 Sep 2023 | ₹ 15 | — | 7% | — | — |
| 23 Sep 2023 | ₹ 15 | — | 7% | — | — |
| 22 Sep 2023 | ₹ 15 | — | 7% | — | — |
| 21 Sep 2023 | ₹ 15 | ▲ | 7% | — | — |
| 20 Sep 2023 | ₹ 10 | ▼ | 5% | — | — |
| 19 Sep 2023 | ₹ 15 | — | 7% | — | — |
| 18 Sep 2023 | ₹ 15 | — | 7% | — | — |
| 16 Sep 2023 | ₹ 15 | — | 7% | — | — |
| 15 Sep 2023 | ₹ 15 | — | 7% | — | — |
Sai Silks (Kalamandir) IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 20 Sep 2023
- Close 22 Sep 2023
- Allotment 27 Sep 2023
- Refund/credit 29 Sep 2023
- Listing 27 Sep 2023
Sai Silks (Kalamandir) IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹222 |
|---|---|
| GMP-based estimate (pre-listing) | ₹235 (+5.9%) |
| Listing gain / loss | +₹9 per share |
| Listing date | 27 Sep, 2023 |
| Actual listing price | ₹231 (+4.05%) |
Is Sai Silks (Kalamandir) IPO GMP reliable?
Grey market premium for Sai Silks (Kalamandir) IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Sai Silks (Kalamandir) IPO full review for a fundamentals-based assessment before making any grey market trades.
Sai Silks (Kalamandir) IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Sai Silks (Kalamandir) IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sai Silks (Kalamandir) IPO
Sai Silks (Kalamandir) Limited was formed by converting a partnership firm into a private company, with a certificate of incorporation dated 3 July 2008. It sells ethnic apparel and value fashion.
Its range covers ultra-premium and premium sarees for weddings, parties, occasions and daily wear, lehengas, men's and children's ethnic wear, and value fashion such as fusion and western wear.
It runs four store formats: Kalamandir for middle income ethnic fashion, VaraMahalakshmi Silks for premium silk and handloom sarees, Mandir for ultra-premium designer sarees, and KLM Fashion Mall for value fashion. On 31 July 2023 it ran 54 stores in Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.
The IPO was Rs 1,201 crore, with Rs 600.00 crore of fresh issue and Rs 601.00 crore of offer for sale by promoters and promoter group members. Rs 280.07 crore was planned for working capital and Rs 125.08 crore for 30 new stores.
Frequently asked
What is the GMP of Sai Silks (Kalamandir) IPO?
The current Grey Market Premium (GMP) of Sai Silks (Kalamandir) IPO is ₹ 13.
What is the Kostak Price of Sai Silks (Kalamandir) IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sai Silks (Kalamandir) IPO is not available.
What is the Subject to Sauda Price of Sai Silks (Kalamandir) IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Sai Silks (Kalamandir) IPO?
Sai Silks (Kalamandir) IPO listed on September 27, 2023 at ₹231, against the issue price of ₹222 — a gain of +4.05%.
How did the GMP of Sai Silks (Kalamandir) IPO trend before listing?
The GMP of Sai Silks (Kalamandir) IPO was falling in its final days before listing. The GMP peaked at ₹15 on 25 September 2023. View the day-wise table above for the complete GMP history.
Explore Sai Silks (Kalamandir) IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
