Silky Overseas Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Silky Overseas Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹161
Per ShareLot Size
800 Shares
Minimum Investment
₹1,28,800
Issue Size
₹30.68 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Silky Overseas Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
86.38%
Promoter Holding (Post-Issue)
60.53%
Issue Type
Book Building - SME
ISIN
INE0SN801015
About the Company
The Company is dedicated manufacturers and suppliers of bedding essentials, specializing in blankets, bed sheets, comforters, and more. its integrated manufacturing process encompasses knitting, dyeing, processing, printing, and packaging, all under one roof. This ensures efficient bulk production without compromising on the quality that guarantees comfort and luxury throughout the night, allowing you to wake up revitalized and ready to embrace each day with vigour. Its diverse product portfolio includes a range of crafted items such as blankets, baby blankets, comforters, bedsheets and curtains. These products are thoughtfully designed and curated by its team of experienced professionals and designers, utilizing adequate machinery and techniques.
Industry Overview
India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
Company History
Silky Overseas Limited was originally incorporated on May 01, 2016, as a Private Limited Company in the name and style of `Silky Overseas Private Limited' under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on October 19, 2023, the Company was converted from a Private Limited Company to a Public Limited Company and consequently, the name of the Company was changed to `Silky Overseas Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on November 07, 2023. The Corporate Identification Number of the Company is U17110DL2016PLC298888.
Products & Services
- The Company is dedicated manufacturers and suppliers of bedding essentials, specializing in blankets, bed sheets, comforters, and more.
Growth Strategy
- Identifying Target Market.
- Continue improving financial performance through a focus on operational and functional efficiencies.
- Continue to add to product portfolio by introducing new products.
- Improving & maintaining functional efficiencies.
- Order Success.
- Key Customer Relationship Building.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 19,05,600 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Silky Overseas Limited (the "Company" or the "Issuer") for cash at a price of Rs. 161 per equity share including a share premium of Rs. 151 per equity share (the "Issue Price") aggregating to Rs. 30.68 crores ("The Issue"). The issue includes a reservation of upto 3,13,600 equity shares aggregating to Rs. 5.05 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of upto 15,92,000 equity shares aggregating to Rs. 25.63 crores (the "Net Issue").
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Purchase of higher quality thread count fabric at a lower price.
- Experienced promoters and a dedicated employee base.
- Infrastructure and Integrated capabilities to deliver quality products.
- Strong Logistics Chain.
- The Company has good storage for Inventory Management.
- There are outstanding litigations by and against the Company which if determined against it, could adversely impact financial conditions.
- Its business predominantly focuses on blankets, which makes it particularly susceptible to fluctuations in demand. Any shifts in consumer preferences have the potential to significantly impact its business, as well as influence the company operational outcomes and financial standing. Its business is highly concentrated on the sale of a single product, i.e., blankets. The details of the contribution of the sales of its products to the company total revenue from operations.
- A majority of the company supplies for its operations are obtained from a limited number of suppliers.
- The company is dependent on a few customers for a major part of its revenues. Further, the company does not enter into long-term arrangements with its customers could adversely affect the company business and the results of operations.
- The Company has a negative cash flow in its operating activities for the financial year ended on March 31, 2024, investing activities for the ten months period ended January 31, 2025 and financial year ended March 31, 2024, March 31, 2023 and March 31, 2022 and Financing Activity for the ten months period ended January 31, 2025 and the financial year ended March 31, 2023 details of which are given below. There was a net decrease in Cash and Cash Equivalent for ten months period ended January 31, 2025 and all the three years. Sustained negative cash flow could impact its growth and business.