Shlokka Dyes IPO Subscription Nears Full Book on Final Day as HNI Demand Surges

Ahmedabad, October 14, 2025: The Initial Public Offer (IPO) of Shlokka Dyes Ltd saw renewed interest among investors on the closing day of the subscription, with overall subscription nearing full by noon.

The ₹60-crore SME issue, which was valued between ₹88 and ₹91 per share, has seen major traction among the high-net-worth investors (HNIs), with the large-ticket bids having majorly increased the demand in the final leg.

Shlokka Dyes Ltd, established in 2021, is a producer of reactive and synthetic dyes used in textile, leather, paper, and paint businesses. Based out of a 9,000 MT annually ISO-certified Gujarat plant, the firm focuses on product customization and quality assurance in order to accommodate the wide variety of customers. Led by Vaibhav Shah and Shivani Rajpurohit, the firm has been expanding its domestic footprint while exploring growth opportunities in export markets.

Shlokka Dyes Subscriber Status (up to October 14, 2025, 4:15 PM)

The Initial Public Offer (IPO) of Shlokka Dyes closed with a moderate subscription of 1.11 times as of 14 October 2025 (Day 11), reflecting uneven participation across investor categories. Retail investors remained cautious, subscribing 0.65 times, while Qualified Institutional Buyers (QIBs), excluding anchor investors, slightly exceeded their allotment with 1.02 times subscription. Non-Institutional Investors (NIIs) were the primary drivers, with their segment oversubscribed 2.24 times. Breaking this down further, bids above ₹10 lakh (bNII) were 3.09 times, while those below ₹10 lakh (sNII) stood at 0.54 times.

All shares allocated to anchor investors and the market maker were fully subscribed. Overall, the IPO received bids for 67.14 lakh shares against the issue size of 60.26 lakh shares, aggregating approximately ₹61.10 crore across 1,146 applications, indicating a steady yet cautious investor confidence ahead of listing.

Shlokka Dyes IPO Details

Shlokka Dyes Ltd launched an Initial Public Offer (IPO) with a total issue size of ₹60 crore. The shares were offered at a fixed price band of ₹88–₹91, with a lot size of 1,200 shares, amounting to approximately ₹1.09 lakh per lot. The IPO opened on 30 September 2025 and closes on 14 October 2025.

The share allotment is tentatively scheduled for 15 October 2025, with refunds for unsuccessful applicants to follow the next day. Successful bidders can check their allotment in their Demat accounts on 16 October 2025, ahead of the expected listing on stock exchanges on 17 October 2025. Interactive Financial Services Ltd is the lead manager, while Bigshare Services Pvt Ltd serves as the registrar.

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