Shlokka Dyes IPO Extended Up To October 9; Subscribed 0.24 Times Till Now

Ahmedabad, October 7, 2025: The initial public offering of Shlokka Dyes Ltd IPO has been extended for three days up to October 9, 2025, following a lukewarm response during the first subscription period. The ₹60-crore IPO, which was supposed to close on October 6, had lacked good traction among investors, leading to the extension.

Founded in 2021 and listed as a public company in 2024, Shlokka Dyes Ltd produces synthetic and reactive dyes for textiles, leather, paper, and paints. Its Gujarat plant, which holds ISO certification, produces 9,000 MT per annum and has in-house quality control. Vaibhav Shah and Shivani Rajpurohit run the firm, which provides customised dyeing solutions for local and global customers and is looking to expand its export base and venture into high-margin intermediate dyes.

Shlokka Dyes IPO Subscription Status

Up to 4:44 PM on October 7, total information on the BSE showed that the issue was subscribed 0.24 times, with 15.43 lakh shares bid for against the available 63.50 lakh shares. Institutional bidding was led by a single FII application, with poor retail demand. Qualified Institutional Buyers (QIBs) had subscribed 1.02 times, Non-Institutional Investors (NIIs) 0.20 times, and Retail Individual Investors (RIIs) 0.14 times of their respective portions.

Shlokka Dyes IPO Details and Timeline

The issue has a price band of ₹90-₹95 per share, with a lot size of 1,200 shares. Post extension, the IPO will close on October 9, 2025. Finalisation of allotment is on October 10, refunds and share credit to demat accounts on October 13, and listing on the NSE SME platform on October 14, 2025. The lead manager is Interactive Financial Services Ltd, and the registrar is Bigshare Services Pvt Ltd.

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