Silky Overseas IPO Review

Silky Overseas is manufacturers and suppliers of bedding products, including blankets, bed sheets, comforters, and related items. Their manufacturing process is integrated and includes knitting, dyeing, processing, printing, and packaging, all conducted within a single facility. This approach allows for the efficient production of large quantities while ensuring that products maintain a consistent standard of comfort and durability.

The company is promoted by MR. SAWAR MAL GOYAL has more than 15 years of experience in business and also has working experience in stainless steel business as a beginner and MR. ANANYA GOYAL has more than 08 years of experience which extends to various roles at AIESEC, The Waxpol Industries Limited, and ICICI Prudential Life Insurance.

The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 10,534.96 Lakh, ₹ 7,026.25 Lakh, ₹    6,835.44 Lakh and ₹ 5,016.78 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹    1,542.14 Lakh, ₹ 1,157.21 Lakh, ₹ 539.77 Lakh, and ₹ 301.27 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 917.07 Lakh, ₹ 553.48 Lakh, ₹ 98.22 Lakh, and ₹ -41.77 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 13.74 and post-issue EPS of ₹ 8.69 for FY24. The pre-issue P/E ratio is 11.72x, while the post-issue P/E ratio is 18.52x. The company's ROCE for FY24 is 39.54%, ROE for FY24 is 36.56% and RoNW is 36.56%. The Annulaised EPS is ₹ 17.28 and annualised P/E Ratio is 9.32x. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Silky Overseas showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Silky Overseas Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.