The Silky Overseas IPO will open on June 30, 2025, and close on July 2, 2025. It is a Book Build Issue aiming to raise around ₹30.68 crores, entirely through a fresh issue of ₹30.68 crores. The face value of each share is ₹10.
The price band is set at ₹153 to ₹161 per share, with the retail quota at 35%, QIB at 50%, and HNI at 15%. The IPO allotment date is July 3, 2025, and it is proposed to list on NSE on July 7, 2025.
The company reported revenue of ₹70.26 crores in 2024, up from ₹68.35 crores in 2023, and a profit of ₹5.53 crores in 2024, compared to ₹0.98 crores in 2023. Based on the financials, investors may consider applying to this IPO for the long term.
Silky Overseas IPO Date & Price Band Details
| IPO Open Date: | June 30, 2025 |
| IPO Close Date: | July 2, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹153 to ₹161 Per Share |
| Issue Size: | Approx ₹30.68 Crores |
| Fresh Issue: | Approx ₹30.68 Crores |
| Issue Type: | Book Build Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Silky Overseas Company Overview, Strengths, and Risks
Silky Overseas Limited is an Indian textile manufacturer specializing in home textile products, primarily bedding essentials. The company operates under the brand “Rian Décor” and has an integrated manufacturing process covering knitting, dyeing, processing, printing, and packaging. They cater to both domestic and international markets, with a focus on delivering quality products.
Silky Overseas Company Overview:
- Incorporation: Incorporated on May 1, 2016.
- Business: Manufacturer and supplier of bedding essentials, including mink blankets, bed sheets, comforters, baby blankets, and curtains. They also mention having ventured into protective gear manufacturing (PPE kits) during the COVID-19 pandemic.
- Brand Name: Rian Décor.
- Operations: Possesses integrated manufacturing facilities in Gohana, Haryana, handling the entire production lifecycle from knitting to packaging. They also source products from the local market and sell them without modification.
- Market Presence: Strong domestic presence, particularly in Haryana, with distributors in other states like West Bengal, Assam, Punjab, New Delhi, and Bihar. They also sell products through e-commerce platforms like Flipkart, Ajio, Amazon, and Walmart.
- Management: Led by experienced promoters Mr. Sawar Mal Goyal and Ms. Ananya Goyal, along with M/s. S. M. Goyal & Sons (HUF).
- Employees: As of May 2025, the company employs 135 individuals.
- Financial Performance (as of January 31, 2025):
- Revenue: ₹105.35 crores
- Profit After Tax (PAT): ₹9.17 crores
- EBITDA: ₹15.08 crores
- Net Worth: ₹24.31 crores
- Total Borrowing: ₹20.75 crores (Note: Financials are also available as of March 31, 2024, with Revenue ₹70.26 Cr, PAT ₹5.53 Cr).
Strengths:
- Integrated Manufacturing Capabilities: An end-to-end integrated manufacturing setup covering knitting, dyeing, processing, printing, and packaging, which allows for efficient production, quality control, and cost management.
- Diverse Product Portfolio: Offers a wide range of bedding essentials, including blankets, bed sheets, comforters, baby blankets, and curtains, catering to varied customer needs.
- Strategic Sourcing: Ability to purchase higher quality, high thread count fabric at competitive prices, including surplus or slightly imperfect fabric in bulk, which translates into cost savings and enables them to offer customized products at affordable rates.
- Experienced Promoters and Dedicated Employee Base: The company benefits from the experience and industry knowledge of its promoters and a committed workforce.
- Established Brand and Market Presence: Operates under the “Rian Décor” brand and has a presence in both traditional distribution channels and major e-commerce platforms.
- Quality Assurance: Holds ISO 9001:2015 certification, indicating a commitment to international quality standards.
- Good Inventory Management: Maintains a well-managed storage system for both raw materials and finished goods, with daily stock reports to optimize inventory levels.
- Growing Financial Performance: Has shown consistent growth in revenue and profit after tax in recent financial periods.
Risks:
- High Product Concentration: A significant portion of the company’s revenue is derived from the sale of blankets (64.63% of total sales as of FY2024), making them susceptible to fluctuations in demand for this single product.
- Seasonal Fluctuations: The sale of blankets is higher in winters (late October to early March in India), indicating that the business is subject to significant seasonal variations, which can affect revenue and profitability.
- Reliance on Limited Suppliers: High dependency on a few major suppliers for raw materials (fabric, etc.) poses a supply chain risk. Any disruption or increase in raw material costs could negatively impact operations and margins.
- Dependency on Key Customers: The company’s revenue is significantly dependent on a few key clients, and the loss of any major customer could adversely affect business stability and financial outcomes.
- Working Capital Intensive Operations: The nature of the business may require substantial working capital, and sustained negative cash flows in past periods (FY22, FY23, FY24) could impact growth if not managed effectively.
- Competition: Operates in a highly competitive and fragmented textile market, which could lead to pricing pressures and challenges in maintaining market share.
- Export Market Risks: While exports diversify revenue, they also expose the company to global trade risks, including changes in regulations and economic uncertainties in international markets.
- Single Production Unit: Having only one production unit in Gohana, Haryana, makes the company vulnerable to localized social unrest, natural disasters, or operational disruptions at that facility.
Silky Overseas IPO Market Lot
The Silky Overseas IPO has a minimum market lot of 800 shares, requiring an application amount of ₹1,28,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹1,28,800 |
| Retail Maximum | 1 | 800 | ₹1,28,800 |
| S-HNI Minimum | 2 | 1,600 | ₹2,57,600 |
Silky Overseas IPO Allotment & Listing Dates
The Silky Overseas IPO date is June 30 and the close date is July 2. The Silky Overseas IPO allotment will be finalized on July 3 and the IPO listing on July 7.
| Type | Date |
|---|---|
| IPO Open Date: | June 30, 2025 |
| IPO Close Date: | July 2, 2025 |
| Basis of Allotment: | July 3, 2025 |
| Refunds: | July 4, 2025 |
| Credit to Demat Account: | July 4, 2025 |
| IPO Listing Date: | July 7, 2025 |
Silky Overseas IPO: Promoters
The promoters of the company are Mr. Sawar Mal Goyal, Mr. Ananya Goyal, and M/s. S. M. Goyal & Sons (HUF).
Silky Overseas IPO Company Financial Report
The company reported revenue of ₹70.26 crores in 2024, up from ₹68.35 crores in 2023. It also reported a profit of ₹5.53 crores in 2024, compared to ₹0.98 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹50.17 | ₹50.57 | ₹0.42 | ₹37.07 |
| 2023 | ₹68.35 | ₹66.88 | ₹0.98 | ₹40.70 |
| 2024 | ₹70.26 | ₹62.76 | ₹5.53 | ₹50.69 |
| January 2025 | ₹105.35 | ₹92.97 | ₹9.17 | ₹68.70 |
Silky Overseas IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 36.56% |
| ROCE: | 39.54% |
| EBITDA Margin: | 15.80% |
| PAT Margin: | 7.94% |
| Debt to equity ratio: | 1.70 |
| Earning Per Share (EPS): | ₹13.74 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.56% |
| Net Asset Value (NAV): | ₹37.6 |
Silky Overseas IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Welspun Living Limited | 6.18 | 30.14 | 14.27% | 4.78 | 2.09 Cr. |
| Trident Limited | 0.78 | 47.38 | 10.90% | NA | 6,730.42 Cr. |
Objects of the Issue – Silky Overseas IPO
- Setting up of additional storage facility
- Repayment/Pre-payment of certain debt facilities
- Working capital requirement
- General corporate purposes
Silky Overseas IPO Review
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Silky Overseas IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Silky Overseas IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Silky Overseas Company Address
Silky Overseas Limited
F-1, Plot No. A-48, 1st Floor
BLK A, Wazirpur, IND Area Landmark
NR. Opposite Fire Station, Wazir Pur III
North West Delhi, New Delhi, 110052
Phone: 7404088823
Email: info@silkyoverseas.com
Website: http://silkyoverseas.com/
FAQs – Silky Overseas IPO
The Silky Overseas IPO opens for subscription on June 30, 2025, and closes on July 2, 2025. The allotment is expected to be finalized on July 3, 2025, and the shares are scheduled to list on NSE SME on July 7, 2025.
The IPO price band for Silky Overseas is set at ₹153 to ₹161 per equity share.
The minimum market lot for the Silky Overseas IPO is 800 shares. This means a retail investor needs to apply for a minimum of 800 shares, amounting to ₹1,28,800 at the upper end of the price band.
Silky Overseas aims to raise approximately ₹30.68 crores through this IPO, entirely via a fresh issue of shares.
As of June 29, 2025, the Grey Market Premium (GMP) for Silky Overseas IPO is reported around ₹16, indicating an estimated listing price of ₹177 (₹161 + ₹16). Please note that GMP is an unofficial indicator and can fluctuate.
Silky Overseas reported revenue of ₹105.35 crores and a profit of ₹9.17 crores as of January 31, 2025. For the full fiscal year 2024, the company reported revenue of ₹70.26 crores and a profit of ₹5.53 crores.
The promoters of Silky Overseas Limited are Mr. Sawar Mal Goyal, Mr. Ananya Goyal, and M/s. S. M. Goyal & Sons (HUF).
The company plans to use the IPO proceeds for setting up an additional storage facility, repayment/pre-payment of certain debt facilities, meeting working capital requirements, and general corporate purposes.
Silky Overseas IPO is scheduled to list on the NSE SME platform.
Silky Overseas benefits from integrated manufacturing capabilities, a diverse product portfolio under the “Rian Décor” brand, strategic sourcing practices, experienced management, established market presence including e-commerce, ISO 9001:2015 certification for quality assurance, and efficient inventory management.
Key risks include high product concentration (especially in blankets), seasonal fluctuations in demand, reliance on a limited number of suppliers and key customers, working capital intensive operations, intense competition in the textile market, and potential exposure to export market and single production unit risks.
