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Sai Silks (KalaMandir) Limited IPO Review

Sai Silks (Kalamandir) Limited, formerly known as "Sai Silks," was founded on August 10, 2005, as a partnership between Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi. Sai Silks (KalaMandir) Limited is a prominent and esteemed textile company renowned for its outstanding collection of silk sarees and traditional Indian clothing. This period also saw the firm's identity change, with the name changing to "Sai Silks (Kalamandir)" to incorporate the brand. Later, on July 3, 2008, the partnership firm changed its name to "Sai Silks (Kalamandir) Private Limited" and obtained a certificate of incorporation from the Registrar of Companies, Andhra Pradesh, Hyderabad. Following a special resolution passed by shareholders on May 14, 2009, the company converted to a public limited entity, allowing for further growth and development. This evolution was formalized with the issuance of a new certificate of incorporation on May 21, 2009, with the company's current name, 'Sai Silks (Kalamandir) Limited'.

According to the Financial Year 2022, Sai Silk (Kalamandir) Limited has 54 retail locations in south India's different states, including Telangana, Andhra Pradesh, Tamil Nadu, and Karnataka. Sai Silk Group generates revenues from the sales of its brands, KalaMandir, KLM Fashion Mall, VaraMahalakshmi, and Brand Mandir. 

Sai Silks (KalaMandir) Limited Products and Services 

Sai Silks (KalaMandir) Limited has a diverse range of products and services in the textile and fashion industries. The company specializes in silk clothes and textiles, with options ranging from traditional sarees to ethnic designer wear. Their product line includes intricate silk sarees and other items with beautiful designs and patterns. Sai Silks (KalaMandir) Limited is dedicated to preserving and promoting the rich heritage of silk craftsmanship, showcasing the beauty and elegance of silk fabrics. In addition to its premium textile offerings, the company also provides tailored services, including custom designs, alterations, and expert fashion consultations, ensuring a personalized and delightful shopping experience for its clientele. 

Sai Silks (Kalamandir) Financial Overview

Sai Silks (Kalamandir) Limited, a company with a rich history of evolution, has showcased substantial growth over the years. As of March 31, 2023, the company boasts a robust financial position with total assets valued at ₹12,204.50 million, a significant increase from ₹8,424.87 million in the previous year. This growth is underpinned by a diverse range of assets, including non-current assets such as property, plants, and equipment, as well as financial assets totaling ₹4,157.24 million. Current assets, including inventories and various financial assets, stand at ₹8,047.26 million. The company's commitment to shareholders is evident through an equity structure of ₹3,973.34 million, comprising equity share capital and other equity. On the income front, Sai Silks (Kalamandir) Limited generated a total income of ₹13,589.20 million, with revenue from operations contributing significantly. Their commitment to operational efficiency is reflected in a net cash flow from operating activities of ₹412.31 million. This financial overview underscores the company's resilience and sustained progress in the dynamic marketplace. Sai Silks (Kalamandir) Limited IPO can be good for investing because its products are one of the three basic needs of humans.