Live Sai Silks (Kalamandir) Share Price Chart
O H L VOL
Days Range
Data is not available currently. Please check back later.
Data is not available currently. Please check back later.
About Sai Silks (Kalamandir)
The business was started as a Partnership Firm under the name of 'Sai Silks' on August 10, 2005 with Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi as its Partners. Subsequently, name of Partnership Firm was changed to 'Sai Silks (Kalamandir)' on March 4, 2008 to incorporate the brand name and further converted into a Private Limited Company vide Certificate of Incorporation dated July 3, 2008 under the name and style of Sai Silks (Kalamandir) Private Limited' from the Registrar of Companies, Andhra Pradesh at Hyderabad. The Company was further converted into a Public Limited Company on May 21, 2009 and consequently, name of Company was changed to Sai Silks (Kalamandir) Limited'.
Through its four store formats, Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, the Company offer products to various market segments including premium ethnic fashion, ethnic fashion for middle income and value-fashion.
The business was founded by Nagakanaka Durga Prasad Chalavadi a first generation entrepreneur. The Company established its first retail store outlet in Ameerpet, Hyderabad in 2005 and merely operated to 46 stores in Southern India States of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. In 2011, it introduced 'Varamahalakshmi' retail store in Chickpet, Bengaluru and further, opened a retail store 'Mandir' in Banjara Hills, Hyderabad.
On August 18, 2016, the High Court of Hyderabad sanctioned the amalgamation of I-ONE Investments Private Limited (Transferor Company) with the Company (Transferee Company), from October 1, 2015 as the Appointed Date. Accordingly, the SSKL Scheme was taken up and implemented to acquire the brand 'Kalamandir' and consequently, the entire business undertaking of I-ONE Investments Private Limited, were transferred to and vested into the Company as a going concern.
The Company had entered into a Supplier's Agreement with Sai Retail India Limited (SRIL) dated April 1, 2017 for the purchase of apparel products from Sai Retail India Limited. As a result of discontinuation in business, the Company later acquired the business assets of Sai Retail India Limited with effect from April 1, 2022. It expanded the brand 'KLM Fashion Mall' to 18 stores with the first store launched in 2017.
The Company is proposing a fresh issue of equity shares aggregating upto Rs. 600 crore and an offer for sale of upto 18,048,440 equity shares through Public Offer.
Parent Organisation
Indian Private
Managing Director
Ravindra Vikram Mamidipudi
Founded
2008
NSE Symbol
KALAMANDIR
Community Discussion
A
AngelOne
10th July, 2024
0 Likes
0 Replies
A
AngelOne
10th July, 2024
Sai Silks (Kalamandir) Ltd-latest-market-updates-68181
0 Likes
0 Replies
Popular stocks
Sai Silks Kalamandir Ltd FAQs
What is the share price of Sai Silks Kalamandir Ltd (KALAMANDIR) shares?
Sai Silks Kalamandir Ltd (KALAMANDIR) share price as of October 3, 2024, on NSE is Rs 172.15 (NSE) and Rs 172.15 (BSE) on BSE.
Can I buy Sai Silks Kalamandir Ltd (KALAMANDIR) from Angel One?
Yes, You can buy Sai Silks Kalamandir Ltd (KALAMANDIR) shares by opening a Demat account with Angel One.
How do I buy Sai Silks Kalamandir Ltd (KALAMANDIR) from Angel One?
Sai Silks Kalamandir Ltd (KALAMANDIR) share can be bought through the following modes:
1. Direct investment: You can buy Sai Silks Kalamandir Ltd (KALAMANDIR) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Sai Silks Kalamandir Ltd (KALAMANDIR) shares.
1. Direct investment: You can buy Sai Silks Kalamandir Ltd (KALAMANDIR) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Sai Silks Kalamandir Ltd (KALAMANDIR) shares.
Open Free Demat Account!
Enjoy ₹0 Account Opening Charges
Join our 2 Cr+ happy customers