Shlokka Dyes IPO Subscription Gains Momentum Ahead of October 14 Closing

Ahmedabad, October 13, 2025: The initial public offering (IPO) of Shlokka Dyes Limited is witnessing steady investor demand, one day before its IPO window closure on October 14. The IPO opened on September 30 and will close tomorrow. The share allotment is expected on October 15, and the company will credit the shares and initiate refunds on October 16. The shares of the company are expected to list on the BSE SME on October 17, 2025.

Shlokka Dyes Limited is an Indian company that manufactures synthetic organic dyes, especially reactive dyes. The company was established in 2021 and is headquartered in Ahmedabad, Gujarat.

Subscription Led By QIBs

As of 11:30 AM, the IPO was subscribed overall 0.62 times. The Market Maker category has been fully subscribed with 3,24,000 shares and an investment of ₹2.95 crore. The QIB (Qualified Institutional Buyers) segment, excluding anchors, has been subscribed 1.02 times, with bids for 6,14,400 shares worth ₹5.59 crore. Non-institutional buyers have subscribed 0.95 times, bidding for 15,50,400 shares amounting to ₹14.10 crore. Within this group, big non-institutional investors (bNII) who have placed bids above ₹10 lakh subscribed 1.25 times, while small non-institutional investors (sNII) who have bid below ₹10 lakh subscribed 0.36 times. Individual investors (bidding for two lots) have subscribed 0.41 times, with bids for 15,45,600 shares worth ₹14.06 crore. In total, the IPO has received bids for 37,10,400 shares against 60,26,400 shares offered, raising ₹33.77 crore through 724 applications.

Issue Size of ₹57.79 Crore

The issue size of the IPO is ₹57.79 crore, including an entirely fresh issue of 0.64 crore shares, with no offer for sale element. The company has set a price band of ₹88 and ₹91 crore. The lot size for an application is 1,200, amounting to a minimum investment of ₹2,18,400 (2,400 shares) by a retail investor at the upper price band. The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,27,600.

Interactive Financial Services Ltd. is the book-running lead manager, while Bigshare Services Pvt.Ltd is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd.

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