Shlokka Dyes IPO Extended Till October 14 as Investor Interest Picks Up After Price Revision

Ahmedabad, October 10, 2025 – The initial public offering (IPO) of Shlokka Dyes Ltd IPO has been extended until October 14, 2025, after the company revised its price band to ₹88-₹91 per share, leading to a noticeable uptick in investor participation. The ₹60-crore SME issue, which was earlier slated to close on October 9, has gained renewed traction among both high-net-worth and retail investors following the adjustment.

Improved Subscription Momentum

As of 1:32 PM on October 10, the IPO had received cumulative bids for 38.65 lakh shares against the 63.50 lakh shares available, reflecting a stronger response compared to earlier sessions. The subscription level stood at 0.61 times overall, driven primarily by increased participation from non-institutional investors (NIIs). The NII category, representing large-ticket investors, witnessed robust demand, with bids reaching 1.55 times the allotted quota, signaling improving sentiment after the price revision.

Investor Demand Trends

Bidding data shows that most investors are placing orders at the lower end of the revised price range, suggesting growing comfort with the new valuation levels. The interest is mainly gathered around ₹88, illustrating that the recalibrated price has effectively reignited the investor’s attention that they had been lukewarm during the initial subscription period.

Issue Structure and Timeline

The ₹60-crore public issue is being offered at a price band of ₹88-₹91 per share, with a lot size of 1,200 shares, amounting to an investment of approximately ₹1.09 lakh per lot. The issue opened on September 30, 2025, and will now close on October 14, 2025. The basis of allotment is expected to be finalised on October 15, with refunds and credit of shares to demat accounts scheduled for October 16. The company’s shares are likely to list on the exchanges on October 17, 2025. Interactive Financial Services Ltd is acting as the lead manager, while Bigshare Services Pvt Ltd serves as the registrar to the issue.

Established in 2021, the Shlokka Dyes Ltd. group is into the production of reactive and synthetic dyes that find application in various industries such as textiles, leather, paper, and paints. The company runs a 9,000 metric tonnes per annum ISO-certified manufacturing unit in Gujarat with state-of-the-art testing and quality control systems.

The Shlokka Dyes, which is driven by Vaibhav Shah and Shivani Rajpurohit, opted for the domestic as well as the international market with an emphasis on customer-specific solutions and eco-friendly dye production. The firm’s mission is to harness its world-class infrastructure and technical know-how to spread its wings in the speciality chemicals segment.

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