Silky Overseas SME: Check IPO Date, Live Subscription and Key Details
Silky Overseas Limited, established in May 2016, is a manufacturer and supplier of bedding essentials, specializing in blankets, bed sheets, comforters, and related items, sold under the brand name 'Rian Décor'. The company offers a diversified product portfolio including various types of blankets (e.g., mink blankets, baby blankets), comforters, bedsheets, and curtains, manufactured based on customer demands.
Min Investment
₹128800
Price Range
₹153.00-161.00
Issue Size
₹25.63 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
17.28
P/E Ratio
9.32
RoNW
36.56%
ROE
36.56%
Debt to Equity
1.7
Timeline
IPO Opens
30 Jun
IPO Closes
2 Jul
Allotment
3 Jul
Listing
7 Jul
IPO Objectives
- Setting up of Additional Storage Facility.
- Repayment/Pre-payment of Certain Debt Facilities.
- Working Capital Requirement.
- General Corporate Purposes.
Strengths
- Fully integrated manufacturing process (knitting, dyeing, processing, printing, packaging) under one roof in Gohana, Haryana, ensuring quality control and efficient bulk production.
- Ability to purchase higher quality thread count fabric at competitive prices, enabling the offering of customized, high-quality bedding products at lower costs.
- Experienced promoters and a dedicated employee base with strong industry knowledge in textile manufacturing and home furnishings.
- Diversified product portfolio including blankets, baby blankets, comforters, bedsheets, and curtains, catering to diverse customer needs and market segments.
- Strong logistics chain and good storage for inventory management, ensuring efficient and timely delivery of products and minimizing stock-outs or overstocking.
Weaknesses
- High revenue concentration on a single product, i.e., blankets (64.6% of FY24 sales), making the business vulnerable to demand fluctuations or changes in consumer preferences for this specific product category.
- Sustainability of the sudden boost in profit after tax from FY24 onwards (from ₹0.98 crore in FY23 to ₹5.53 crore in FY24), raising concerns about whether this growth is sustainable in the long term, especially in a competitive sector.
- High dependence on a limited number of suppliers for raw materials and trading products, without long-term contracts, exposing the company to supply chain disruptions and price volatility.
- The company's primary production unit is located in Panipat, Haryana, making it susceptible to localized social unrest, natural disasters, breakdown of services, or any other disruption in production.
- Working capital-intensive business, requiring substantial funds for inventory management and other operational expenses, which can strain cash flow, despite plans to use IPO proceeds for this purpose.
Financial Performance
| Period Ended | 31 Jan 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 68.7 | 50.69 | 40.7 | 37.07 |
| Revenue (₹ Cr.) | 105.35 | 70.26 | 68.35 | 50.17 |
| PAT (₹ Cr.) | 9.17 | 5.53 | 0.98 | -0.42 |
| Net Worth (₹ Cr.) | 24.31 | 15.14 | 4.61 | 3.59 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.97x | 62.99x |
| NII | 0.08x | 0.24x | 430.15x |
| RII | 0.19x | 1.04x | 116.72x |
| Total | 0.11x | 0.85x | 168.61x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,18,400 | 2,00,57,600 | 322.93 |
| NII | 2,39,200 | 10,28,92,000 | 1,656.56 |
| RII | 5,57,600 | 6,50,82,400 | 1,047.83 |
| Total | 11,15,200 | 18,80,32,000 | 3,027.32 |
Company Details
- 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, India
- 7404088823
- info@silkyoverseas.com
- http://silkyoverseas.com/
Registrar Details
- Skyline Financial Services Private Ltd
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php