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Sai Silks (Kalamandir) Ltd IPO

  • Min. Investment14070/ 67 Shares
  • Min. Quantity67
  • Price Range₹210 - ₹222
  • Date Range20 Sep 23 - 22 Sep 23
  Retail Investor can invest upto Rs 2,00,000 in IPO
  • Application Start Date20 Sep 2023
  • Application End Date22 Sep 2023
  • Allotment begins
  • Refund Initiation Date29 Sep 2023
  • Allotment Date27 Sep 2023
  • Listing On Exchange04 Oct 2023
Registrar Information
  • NameBigshare Services Pvt Ltd
  • Contact no.91-22-62638200
  • Email
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY20 FY21 FY22
(Rs Crore)
Revenue 1175.56 677.25 1129.32
Net Profit 42.1 5.13 57.69
Total Assets 693.71 665.43 844.26
  • Among the leading ethnic and value-fashion retail company in south India having a portfolio of established formats with focused sales and marketing strategy.
  • Leading apparel retail brand in India with a scalable model, which is well positioned to leverage growth in the ethnic and value-fashion apparel industry in India.
  • Strong presence in offline and online marketplace with an omni-channel network.
  • Track record of growth, profitability, and unit economics with an efficient operating model.
  • Experienced Promoter, management, and in-house teams with proven execution capabilities.
  • The company business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand and changes in consumer preference, could have an adverse effect on its business, results of operations and financial condition.
  • An inability to effectively market its products, or any deterioration in public perception of the company brands, could affect customer footfall and consequently adversely impact its business, financial condition, cash flows and results of operations.
  • Current locations of its stores may become unattractive, and suitable new locations may not be available for a reasonable price or acceptable terms, if at all. In addition, the company is exposed to risks associated with leasing real estate and any adverse developments could materially affect its business, results of operations and financial condition. Further, the company is generated substantially all of its sales from stores located in Southern India and any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.
  • The current and continuing impact of the ongoing COVID-19 pandemic on its business and operations has been significant. The impact of the pandemic on its operations in the future, including its effect on the ability or desire of customers to visit the company stores, is uncertain and may be significant and continue to have an adverse effect on its business prospects, strategies, business, operations, the company future financial performance, and the price of its Equity Shares.
  • The Proforma Financial Statements included in this Draft Red Herring Prospectus are not indicative of its future financial condition or results of operations.
  • Expand our footprint within India through owned stores and franchise network by leveraging our brand appeal.
  • Increase focus on sale of products through e-commerce.
  • Leverage technology to bring cost efficiency and enhance customer experience.
  • Expand our footprint within India through owned stores and franchise network by leveraging our brand appeal.
  • Increase focus on sale of products through e-commerce.
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).

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