Silky Overseas Limited IPO to Open on June 30: Price Band Set at Rs 153 to Rs 161

Textile player plans to raise Rs 30.68 crore via SME IPO; listing expected on NSE Emerge by July 7, 2025

Silky Overseas Limited, a home textile manufacturer specialising in blankets, bed sheets, and comforters, is set to launch its Initial Public Offering (IPO) on June 30, 2025. The company aims to raise Rs 30.68 crore through the fresh issue of 19.06 lakh shares in the SME segment. The IPO price band is set between Rs 153 and Rs 161 per share.

The public issue will remain open for subscription until July 2, 2025, and the shares are slated to be listed on NSE Emerge on July 7, 2025. Gretex Corporate Services Limited is acting as the book-running lead manager, with Skyline Financial Services Pvt Ltd serving as the registrar. Gretex Share Broking Pvt Ltd will operate as the market maker.

Silky Overseas plans to utilise the IPO proceeds for setting up an additional storage facility, pre-payment of certain debt obligations, meeting working capital needs, and general corporate purposes.

The allotment of shares is likely to take place on July 3, 2025, with demat credits expected by July 4, 2025. The IPO allocation comprises 50 per cent for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and 15 per cent for Non-Institutional Investors (NIIs). For retail investors, the minimum application size is 800 shares, translating to Rs 1,28,800 at the upper price band. HNIs need to apply for at least two lots, or 1,600 shares, requiring an investment of Rs 2,57,600.

Silky Overseas has shown strong financial performance. For FY24 ending March 31, it reported revenue of Rs 70.26 crore, EBITDA of Rs 11.01 crore, and a net profit of Rs 5.53 crore. As of January 31, 2025, revenue had already reached Rs 105.35 crore with EBITDA of Rs 15.08 crore and PAT of Rs 9.17 crore, indicating robust growth momentum.

Founded in May 2016, the company operates its manufacturing facility in Gohana, Haryana, and sells its products under the brand name "Rian Decor." With integrated manufacturing capabilities under one roof, Silky Overseas caters to both domestic and international markets with its diverse textile offerings.

Investors eyeing growth in the consumer textile space may find this IPO an interesting opportunity, albeit with the usual SME market risks.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.