Here’s a detailed breakdown of the Silky Overseas Limited IPO, slated for listing on the NSE SME.
Silky Overseas Limited IPO Dates
| Phase | Date(s) |
|---|---|
| IPO Open | June 30, 2025 |
| IPO Close | July 2, 2025 |
| Allotment Finalized | July 3, 2025 |
| Refund & Credit | July 4, 2025 |
| IPO Listing | July 7, 2025 |
Silky Overseas Limited IPO Detaiils
| IPO Date | June 30, 2025 to July 2, 2025 |
| Listing Date | July 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹153 to ₹161 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,05,600 shares (aggregating up to ₹30.68 Cr) |
| Reserved for Market Maker | 3,13,600 shares (aggregating up to ₹5.05 Cr) |
| Net Offered to Public | 15,92,000 shares (aggregating up to ₹25.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 44,62,023 shares |
| Share Holding Post Issue | 63,67,623 shares |
Promoters of Silky Overseas Limited
The promoters of Silky Overseas Limited are:
- Sawar Mal Goyal
- Ananya Goyal
- S.M. Goyal & Sons (HUF)
1. Sawar Mal Goyal
- Role: Founder, Director (DIN: 01896767)
- Appointment: May 1, 2016
- Other Ventures: Also founder/director of Discovery Enterprises Pvt Ltd (est. 2003) and several other private firms
- Business Focus: Textile manufacturing and trading companies since 1995
2. Ananya Goyal
- Role: Promoter, Director (DIN: 07492850)
- Appointment: May 1, 2016
- Affiliation: Likely a family member involved in textile operations; associated with Ananya Silk Pvt Ltd
3. S. M. Goyal & Sons (HUF)
- Structure: Hindu Undivided Family firm, part of the promoter group
- Role: Holds part of promoter equity
Silky Overseas Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,28,800 |
| Retail (Max) | 1 | 800 | ₹1,28,800 |
| HNI (Min) | 2 | 1,600 | ₹2,57,600 |
- Retail investors must apply for at least one lot of 800 shares.
- Investment amounts vary depending on the final issue price between ₹153 and ₹161.
- You can apply for multiple lots, but only in increments of 800 shares.
- The retail maximum is often one lot per application, unless specified otherwise in the prospectus.
Silky Overseas Limited IPO Promoter Holding
Here are the latest details on the promoter and promoter group shareholding in Silky Overseas Limited, based on official filings:
| Share Holding Pre Issue | 86.38% |
| Share Holding Post Issue | – |
About Silky Overseas Limited
- Incorporation: Founded as a Private Limited on May 1, 2016, and converted to a Public Limited company on November 7, 2023.
- Location: Headquartered in Wazirpur Industrial Area, New Delhi, with a manufacturing unit spread over 4 acres in Sonepat, Haryana (72,000 sq ft).
- Certification: ISO 9001:2015 certified for quality management systems .
Business Operations
- Industry: Consumer Goods – Home Textiles (blankets, comforters, bedsheets, curtains).
- Products: Cozy “Rian Décor” branded items including faux mink blankets (85% polyester, 15% acrylic), baby blankets, embossed blankets, and more.
- Operations: Fully integrated in-house production covering knitting, dyeing, printing, processing, and packaging.
- Customer Reach: Domestic markets (Haryana, West Bengal, Assam, Punjab, Delhi, Bihar) and exports to the Middle East, Africa, and Southeast Asia.
- Retail & Distribution: Available via e-commerce platforms (Flipkart, Meesho, Snapdeal, AJIO) and through distributor networks in India
Growth & Strategic Priorities
- IPO Purpose: Funds are earmarked for new storage facilities, debt repayment/pre‑payment, working capital, and general corporate objectives.
- Market Penetration: Expanding domestic reach via distributors and growing presence in D2C/e-commerce verticals.
- Product Strategy: Custom-made bedding based on client specifications, focusing on design & rapid product customization.
Summary
Silky Overseas positions itself as a modern, vertically integrated bedding essentials manufacturer with robust prof it growth. With expanding domestic and international channels, the company aims to scale further post-IPO funded expansion. Investors should note its strong financial turnaround, product quality emphasis, and structured growth plan—tempered by SME market limitations and sector risks.
Silky Overseas Limited Financial Information
| Period Ended | 31 Jan 2025 | Mar 31 2024 | 31 Mar 2023 | Mar 31 2022 |
| Assets | ₹68.70 Crore | ₹50.69 Crore | ₹40.70 Crore | ₹37.07 Crore |
| Revenue | ₹105.35 Crore | ₹70.26 Crore | ₹68.35 Crore | ₹50.17 Crore |
| Profit After Tax | ₹9.17 Crore | ₹5.53 Crore | ₹0.98 Crore | ₹-0.42 Crore |
| EBITDA | ₹15.08 Crore | ₹11.01 Crore | ₹5.35 Crore | ₹2.97 Crore |
| Net Worth | ₹24.31 Crore | ₹15.14 Crore | ₹4.61 Crore | ₹3.59 Crore |
| Reserves and Surplus | ₹19.85 Crore | ₹10.68 Crore | ₹0.75 Crore | ₹-0.26 Crore |
| Total Borrowing | ₹20.75 Crore | ₹25.72 Crore | ₹28.80 Crore | ₹31.00 Crore |
Key Performance Indicator (KPI)
| KPI | Value |
|---|---|
| Earnings Per Share (EPS) | ₹13.74 |
| Price/Earnings (P/E) Ratio | 11.72 – 11.72× (based on IPO price of ₹161) |
| Return on Equity (ROE) | 36.60% |
| Return on Capital Employed (ROCE) | 39.50% |
| Net Profit Margin | 7.90% |
| EBITDA Margin | 15.80% |
| Debt/Equity Ratio | 1.70× |
| Net Worth | ₹15.10 crore |
| Total Assets | ₹50.69 crore |
| PAT (Profit After Tax) | ₹5.53 crore |
| Revenue from Operations | ₹70.26 crore |
| IPO Issue Price | ₹161 per share |
| Face Value | ₹10 |
Key Interpretations:
- Strong ROE and ROCE: Indicates efficient use of shareholder and capital funds.
- Healthy EBITDA and PAT margins: Suggest improved operational profitability.
- EPS of ₹13.74: When compared with the price of ₹161, the P/E is ~11.72×, which is reasonable in the textile SME segment.
- Moderate leverage (1.70× D/E): Shows dependency on debt, but within typical SME norms.
Objects of the Issue
| Purpose | Estimated Amount (₹ Crore) |
|---|---|
| 1. Working Capital Requirements | ₹13.85 crore |
| 2. Repayment/Prepayment of Secured Loans | ₹5.00 crore |
| 3. Purchase of Machinery & Equipment (Plant Upgrade) | ₹3.90 crore |
| 4. Storage/Warehouse Facility Expansion | ₹3.00 crore |
| 5. General Corporate Purposes | ₹4.93 crore |
| Total Estimated Use of Funds | ₹30.68 crore |
Breakdown & Strategy
- Working Capital (₹13.85 Cr): To support higher raw material needs and increased sales post-expansion.
- Debt Repayment (₹5 Cr): Reducing financial burden and improving credit profile.
- Machinery (₹3.90 Cr): To upgrade production lines and improve operational efficiency.
- Warehouse Expansion (₹3 Cr): To increase storage for raw materials and finished goods.
- General Corporate (₹4.93 Cr): Includes branding, legal, marketing, and administrative costs.
Strengths of Silky Overseas Limited IPO
- Fully Integrated Manufacturing: Silky Overseas operates a comprehensive in-house production system covering everything from knitting and dyeing to finishing and packaging, which reduces dependency on third parties and enhances quality control.
- Strong Revenue and Profit Growth: The company has shown consistent growth, with revenue increasing from ₹50.17 crore in FY22 to ₹70.26 crore in FY24. Profits also improved significantly, jumping from a loss in FY22 to ₹5.53 crore in FY24.
- Established Domestic and Export Presence: The company supplies products across several Indian states and exports to the Middle East, Southeast Asia, and Africa, reducing over-dependence on any single market.
- Recognized Brand: It operates under the “Rian Décor” brand, which is well-recognized in its segment for quality blankets and home textiles.
- Use of IPO Funds for Growth: Funds will be used for working capital, new equipment, warehouse expansion, and debt repayment, all of which should support scaling and financial health.
- Efficient Use of Capital: Strong return on equity (36.6%) and ROCE (39.5%) reflect good management of capital and profitability.
Risks of Silky Overseas Limited IPO
- High Promoter Control: The company remains highly promoter-driven. Although not unusual in SMEs, this may limit board independence and could affect governance standards.
- Textile Industry Volatility: The business is exposed to risks from raw material price fluctuations, seasonality in demand, and fashion trends, all of which can affect margins.
- Moderate Financial Disclosure: The company received a “not cooperating” tag in a CRISIL credit rating, indicating limited financial transparency or delayed information sharing.
- Debt-Heavy Structure: With a debt-to-equity ratio of 1.7x, the company has moderate leverage, which may constrain flexibility during downturns or cash flow crunches.
- SME Listing Limitations: Being listed on NSE Emerge (SME platform), the stock may have lower trading liquidity and attract fewer institutional investors post-listing.
- Geographic Concentration Risk: Though it exports, much of the company’s operational footprint is based in Northern India, particularly Haryana and Delhi. Regional disruptions could have a bigger-than-normal impact.
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