Silky Overseas
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 30 Jun 2025 – 02 Jul 2025
- Listing date
- 07 Jul 2025
- Face value
- ₹10 per share
- Issue price
- ₹161 per share
- Lot size
- 800 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹30.68 Cr
- Market cap at offer price
- ₹103 Cr
- Promoter holding
- 86.38% → 60.53% pre-issue → post-issue
- ISIN
- INE0SN801015
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- F-1, Plot No.A-48, 1st Floor, BLK A, Wazirpur, IND Area Landmark, NR.Opposite Fire Station, Wazir Pur III, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 4,76,800 | — | — |
| Market maker | 3,13,600 | — | — |
Application size
Minimum 800 shares per lot, in multiples, at ₹161
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,28,800 |
| S-HNI (min) | 2 | 1,600 | ₹2,57,600 |
| S-HNI (max) | 7 | 5,600 | ₹9,01,600 |
| B-HNI (min) | 8 | 6,400 | ₹10,30,400 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 12.40 | 17.28 |
| P/E (×) | 12.98 | 9.32 |
| Price to book (×) | 4.28 | — |
| Market cap | — | ₹103 Cr |
Key performance indicators
- Return on net worth
- 36.56%
- ROCE
- 39.54%
- Debt / equity
- 1.70
- PAT margin
- 7.94%
- EBITDA margin
- 15.80%
- NAV per share
- ₹37.60
- Price to book
- 4.28
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Silky Overseas
Silky Overseas Limited, incorporated in May 2016 and converted to a public limited company in November 2023, operates as a dedicated manufacturer and supplier of bedding products. The company operates an integrated manufacturing facility in Sonipat, Haryana that encompasses all stages of production—knitting, dyeing, processing, printing, and packaging—under one roof. This enables efficient bulk production without compromising quality. The company's diverse product portfolio includes blankets, baby blankets, comforters, bedsheets, and curtains, all designed by experienced professionals using appropriate machinery and techniques. The company holds ISO 9001:2015 certification. Revenue is generated through both manufacturing (74.6% in ten months ended January 31, 2025) and trading activities (24.92% in the same period), with sales driven organically through customer visits to the company website and physical factory premises, supplemented by presence on e-commerce platforms including Flipkart, Amazon, Ajio, Walmart, and their own D2C website.
Company Analysis
from RHPSilky Overseas Limited is a manufacturer and supplier of bedding essentials including blankets, bedsheets, comforters, and curtains through integrated manufacturing operations spanning knitting, dyeing, processing, printing, and packaging.
Silky Overseas Limited, incorporated in May 2016 and converted to a public limited company in November 2023, operates as a dedicated manufacturer and supplier of bedding products. The company operates an integrated manufacturing facility in Sonipat, Haryana that encompasses all stages of production—knitting, dyeing, processing, printing, and packaging—under one roof. This enables efficient bulk production without compromising quality. The company's diverse product portfolio includes blankets, baby blankets, comforters, bedsheets, and curtains, all designed by experienced professionals using appropriate machinery and techniques. The company holds ISO 9001:2015 certification. Revenue is generated through both manufacturing (74.6% in ten months ended January 31, 2025) and trading activities (24.92% in the same period), with sales driven organically through customer visits to the company website and physical factory premises, supplemented by presence on e-commerce platforms including Flipkart, Amazon, Ajio, Walmart, and their own D2C website.
Objects of the Issue
- Setting up of Additional Storage Facility ₹429.96 lakhs p.89
- Repayment/Pre-payment of Certain Debt Facilities ₹300.00 lakhs p.89
- Working Capital Requirements ₹1,200.00 lakhs p.89
- General Corporate Purposes [●] lakhs p.89
Issue Structure
- Total Issue
- Up to ₹[●] lakhs (Up to 19,05,600 equity shares at ₹[●] per share)
- Fresh Issue
- Up to ₹[●] lakhs (Up to 19,05,600 equity shares)
- Offer for Sale
- Nil (Not Applicable as entire issue constitutes fresh issue)
- Price Band
- ₹153.00 to ₹161.00 per equity share (Floor Price to Cap Price)
- Lot Size
- 800 equity shares (minimum application and trading lot size in multiples of 800 thereafter)
- Face Value
- ₹10.00 per equity share
Business Model
The company generates revenue through two primary channels: (1) Manufacturing—designing and producing blankets, bedsheets, comforters, and curtains to customer specifications using integrated in-house facilities for knitting, dyeing, processing, printing, and packaging; (2) Trading—sourcing pre-made fabrics from local textile markets in Panipat and reselling at higher margins without modification. Sales are predominantly B2B (97.7% in ten months ended January 31, 2025), derived organically through direct factory premises sales and customer website inquiries, with growing B2C presence through e-commerce platforms.
Business Segments
SWOT Analysis
- • Integrated manufacturing capabilities with complete control over quality and production(p.27)
- • Established presence in high-demand segment with strong customer recognition(p.125)
- • Significant revenue growth with improving profitability(p.127)
- • Strong return on equity and capital efficiency(p.102)
- • ISO 9001:2015 certification demonstrating quality standards compliance(p.124)
- • Diversified product portfolio across blankets, bedsheets, comforters, and curtains(p.27)
- • Heavy dependence on few customers for major portion of revenue(p.38)
- • Significant reliance on limited supplier base creating supply vulnerability(p.37)
- • Excessive inventory holding periods indicating inefficient inventory management(p.93)
- • History of negative cash flow from operations in multiple periods(p.39)
- • High debt-to-equity ratio indicating financial leverage concerns(p.46)
- • Single production facility location creating operational concentration risk(p.39)
- • Unregistered logo/trademark limiting intellectual property protection(p.41)
- • Past instances of delayed statutory filings and regulatory non-compliance(p.41)
- • Expansion into growing e-commerce and direct-to-consumer segment(p.125)
- • Diversification into new product categories to reduce customer concentration(p.125)
- • Expansion of sales network into new domestic geographic markets(p.125)
- • Growing demand in Indian home textiles market(p.115)
- • Rising textile exports and government support for manufacturing(p.116)
- • Additional storage facility to support bulk procurement and production efficiency(p.90)
- • High seasonality in blanket sales affecting revenue predictability(p.39)
- • Intense competition from established and local competitors(p.51)
- • Volatile raw material prices affecting margins and profitability(p.37)
- • Dependence on monsoon and weather conditions for demand(p.39)
- • Regulatory changes and compliance requirements for textile manufacturing(p.56)
- • Forex volatility impacting export competitiveness(p.27)
- • Supply chain disruptions affecting production and delivery(p.49)
- • Regional social unrest or natural disasters affecting Panipat operations(p.39)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Sawar Mal Goyal | Promoter | 61.73% | [●]% |
| Mr. Ananya Goyal | Promoter | 20.17% | [●]% |
| M/s. S.M. Goyal & Sons (HUF) | Promoter | 4.48% | [●]% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.