Shlokka Dyes IPO Lists at ₹90 on BSE SME, Matches Issue Price but Drops 5% in Early Trade

Ahmedabad, October 17, 2025: Shares of Shlokka Dyes Ltd made a steady debut on the BSE SME platform today. The shares got listed at ₹90 per share, the same as its issue price. However, the stock slipped in early trading, hitting a low of ₹85.50, down 5%, and has remained steady at that price since.

Shlokka Dyes Ltd is a Gujarat-based specialty chemicals manufacturer. The company was incorporated in 2021 and is engaged in producing reactive and synthetic dyes used across textiles, leather, paper, and paints. The company operates a 9,000 MT per annum ISO-certified facility and is equipped with advanced testing and in-house quality control systems. Promoted by Vaibhav Shah and Shivani Rajpurohit, the company focuses on customized dye formulations, process innovation, and sustainability-driven manufacturing.

Shlokka Dyes Market Snapshot

As of 02:35 pm, the stock was trading at ₹85.50, a 5.0% decline from the listing price. The company, however, had a healthy trading day with a turnover of ₹69.34 lakh, with a total traded quantity of 0.78 lakh shares. The company’s market capitalisation stood at ₹183.04 crore.

Shlokka Dyes Listing Highlights

The IPO was listed on the BSE SME on October 17, 2025, at a listing price of ₹90 per share. The flat listing follows a fair valuation and measured investor response, with the IPO achieving full subscription primarily driven by high-net-worth investors (HNIs).

Subscription Recap

The ₹60-crore Shlokka Dyes IPO closed on October 14, 2025, and was subscribed 1.12 times. The issue gained traction in the final days after a price band revision to ₹88-₹91 per share and an extension of the bidding window. The subscription was led by Non-Institutional Buyers, subscribing 2.24 times, with bNII (bids above ₹10L) subscribing 3.09 times and sNII (bids below ₹10L) subscribing 0.54 times. The IPO was managed by Interactive Financial Services Ltd, acting as Book Running Lead Manager, and Bigshare Services Pvt Ltd, acting as Registrar to the Issue.

With its shares now listed on the BSE SME platform, Shlokka Dyes has officially entered the public market following a fully subscribed IPO and steady debut performance.

REF: https://www.bseindia.com/stock-share-price/shlokka-dyes-ltd/shlokka/544582/

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