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September 20, 2023 - September 22, 2023

Sai Silks (Kalamandir) IPO Review & Recommendations

Arihant Capital Markets Ltd, BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd, Dilip Davda, DRChoksey FinServ Pvt Ltd., GEPL Capital Ltd, Marwadi Shares and Finance Ltd, Reliance Securities, SBICAP Securities Limited and Ventura Securities Limited have given "Apply" recommendation to Sai Silks (Kalamandir) IPO. Anand Rathi, Indsec Securities and Sushil Finance Ltd have given "May Apply" recommendation to Sai Silks (Kalamandir) IPO. Capital Market has "Neutral" view about the IPO.

Sai Silks (Kalamandir) IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 10 3 1 0 0
% 71.43 21.43 7.14 0.00 0.00

Sai Silks (Kalamandir) IPO Analysis By Brokers/Analysts

Sai Silks (Kalamandir) IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Sai Silks (Kalamandir) IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 42 Avoid, however active risk seekers can try

Sai Silks (Kalamandir) IPO Review by Dilip Davda (Apply)

[Dilip Davda]  After unsuccessful try for its maiden IPO in February 2013, the company has emerged one of the top 10 retailers in ethnic wares with major focus on sarees. After suffering a bit due to COVID impact till FY22, it has reported good numbers for FY23, indicating prospects ahead with additional new stores. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may park funds for medium to long term rewards. Read detail review...

Sai Silks (Kalamandir) IPO Peer Comparison

Sai Silks (Kalamandir) Limited peer comparison with similar listed entities. () (As on March 31, 2023)

Company NameEPS (Rs)NAV (per share) (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
Sai Silks (Kalamandir) Limited8.118.1133.0224.56
Vedant Fashions Limited17.6817.6857.6671.2930.65
TCNS Clothing Co. Limited-2.75-2.7599.10
Go Fashion (India) Limited15.3315.3396.3687.7415.91
Aditya Birla Fashion and Retail Limited-0.38-0.3835.24
Shoppers Stop Limited10.5910.5918.7969.3456.30
Trent Limited12.5112.5174.91163.7614.78

Notes:

  1. For Sai Silks (Kalamandir) Limited, the information above is based on the Restated Financial Statements for the year ended March 31, 2023.
  2. Financial information for listed industry peers mentioned above is for the year ended March 31, 2023, and is based on audited financial results/ annual reports disclosed by these companies to the stock exchanges.
  3. Diluted EPS refers to the diluted earnings per share sourced from the audited financial results of the respective company.
  4. NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares. In the case of Aditya Birla Fashion and Retail Limited, partly paid-up shares have also been considered.
  5. The P/E Ratio has been computed based on the closing market price of the equity shares (Source: NSE) on August 31, 2023, divided by the Diluted EPS.
  6. The RoNW is computed as net profit attributable to owners of the company divided by net worth at the end of the year. Net worth is the sum of share capital and other equity.

Sai Silks (Kalamandir) IPO Review by Members

Sai Silks (Kalamandir) IPO Reviews, analysis and views by popular members. Read Sai Silks (Kalamandir) Limited IPO reviews by retail investors to find recommended ipo to buy.

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Sai Silks (Kalamandir) IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 3 0 2 1
% 50.00 0.00 33.33 16.67
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Member Review
Crow
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)

Neutral

Apply only if QIB crosses 5x.

September 22, 2023 1:06:28 PM
ruralurban

Avoid

Hi friends i have made an HNI application in this ipo via asba. Pls suggest how to reduce chances of allotment, can i apply with same demat number in retail category to cancel my application?

September 21, 2023 7:25:35 PM
B.M.SURANA
IPO Guru IPO Guru (2600 Posts, 4800+ Likes)

Apply for Long Term at Upper Price Band

Compare to Other Companies
Valuation Reasonable

I Like It. 2

September 20, 2023 11:07:16 AM
Vicksa

Neutral

Expensive

September 15, 2023 7:15:54 PM
Top Contributor

Apply for Listing Gain at Upper Price Band

Apply

September 15, 2023 1:49:14 PM
Ravindranath

Apply for Long Term at Upper Price Band

High Management Efficiency
Customer oriented

September 14, 2023 5:36:18 AM

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