Silky Overseas Limited, a textile manufacturer known for its bedding essentials, is launching its initial public offering (IPO) worth ₹30.68 crore. The IPO is entirely a fresh issue of 19.06 lakh shares, aimed at expanding operations and meeting working capital requirements.

This is a book-building issue listed under the NSE SME platform, making it more accessible to retail and HNI investors looking to participate in the growing SME space.

IPO Details

IPO Lot Size & Investment

💡 Investors are advised to bid at the cutoff price of ₹161 per share to increase allotment chances.

Company Background

Silky Overseas Limited, incorporated in May 2016, is engaged in manufacturing and selling textile products like:

• Mink blankets

• Bed sheets & comforters

• Textile yarns

• Protective gear (PPE kits, body coveralls)

The products are sold under the brand name Rian Décor and are exported to Middle East, Africa, and Southeast Asia. The manufacturing unit is located in Gohana, Haryana and integrates all production processes in-house — knitting, dyeing, processing, printing, and packaging.

Promoters & Management

The promoters of Silky Overseas Limited include:

• Mr. Sawar Mal Goyal

• Mr. Ananya Goyal

• M/s S. M. Goyal & Sons (HUF)

Financial Performance (₹ in Crores)

The company has shown consistent growth in revenue and profitability, with a notable reduction in debt.

Key Performance Indicators (as of March 31, 2024)

Competitive Strengths

• Integrated manufacturing process under one roof.

• Diverse product portfolio including protective wear.

• Experienced promoters with strong industry insight.

• Export-oriented sales giving global exposure.

• Strategic location in Haryana with infrastructure advantage.

IPO Lead Manager, Registrar & Market Maker

• Lead Manager: Gretex Corporate Services Limited

• Registrar: Skyline Financial Services Private Limited

• Market Maker: Gretex Share Broking Pvt Ltd

Risks & Concerns

• Dependency on textile exports, which may fluctuate with global demand.

• High working capital requirements and moderate debt levels.

• SME listing has lower liquidity and higher volatility compared to main board stocks.

  ---

  Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors and read all documents carefully before making investment decisions. Market conditions are subject to change.

  ---

  The Upcoming IPOs in this week and coming weeks are Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Adcounty Media India, Marc Loire Fashions, Indogulf Cropsciences, Moving Media Entertainment, Valencia India, Neetu Yoshi, PRO FX Tech, Suntech Infra Solutions, Ace Alpha Tech.

  ---

  The Current active IPO are Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials, Abram Food, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Globe Civil Projects, Ellenbarrie Indutrial Gases, Kalpataru, AJC Jewel.

  ---

  Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

  ---

  Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.