Silky Overseas IPO Subscribed 34% by Day 2 as Retail Bids Cross 4.5 Lakh Shares
By Shishta Dutta | Updated at: Oct 27, 2025 12:00 PM IST
Mumbai, 01 July 2025: The Initial Public Offering (IPO) of Silky Overseas Limited, which opened on 30 June 2025, has garnered 34% overall subscription by the end of the second day of bidding. As of 3:48 PM on 1 July, retail investors drove the momentum, while institutional categories continued to show limited activity.
Day 2 Subscription Status Reflects Strong Retail Turnout, Institutional Caution
Retail Individual Investors (RIIs) have fully subscribed their portion with a subscription level of 1.42×, supported by over 4.5 lakh shares in bids. However, Qualified Institutional Buyers (QIBs) have yet to enter, and Non-Institutional Investors (NIIs) have bid for only 25% of their allocated quota.
Day 2 Subscription Status (As of July 1, 3:48 PM)
| Category | Applications | Shares Bid | Subscription (Est.) |
|---|---|---|---|
| Qualified Institutional Buyers | 0 | 0 | 0.00× |
| Non-Institutional Investors | 20 | 39,200 | 0.25× |
| Retail Individual Investors (RIIs) | 563 | 4,50,400 | 1.42× |
| Total | 583 | 4,89,600 | 0.34× |
Total shares on offer: 14,28,800 (net of market maker reservation)
Cut-Off Bidding Dominates Retail Demand as Appetite Builds
Retail demand was led by cut-off price bids, which accounted for 3,39,200 shares from 424 applications, while price-based bids stood at 1,11,200 shares. The early oversubscription in the retail segment suggests solid investor interest in the SME offering.
IPO Snapshot: Details and Key Dates
| Detail | Info |
|---|---|
| Issue Opens | June 30, 2025 |
| Issue Closes | July 2, 2025 |
| Price Band | ₹153 – ₹161 |
| Issue Size | ₹30.66 crore / 19.05 lakh shares |
| Listing Exchange | NSE SME |
| Lot Size | 800 shares |
| Allotment Date | July 3, 2025 (Tentative) |
| Listing Date | July 5, 2025 (Tentative) |
Textile Manufacturer from Panipat Reports Robust Financials
Silky Overseas, based in Panipat, specialises in home furnishing products such as blankets, bed sheets, and curtains. For the ten-month period ending January 2025, the company reported ₹105.3 crore in revenue and a net profit of ₹9.17 crore, highlighting strong margins and operational growth.
IPO Funds to Support Expansion, Working Capital, and Loan Repayment
The IPO proceeds are allocated to:
- Construction of a new storage facility: ₹4.3 crore
- Loan repayment: ₹3 crore
- Working capital needs: ₹12 crore
- General corporate purposes
This strategic use of funds aims to enhance infrastructure, reduce debt, and support business operations.
All Eyes on Final Day as Institutional Response Becomes Crucial
With retail demand already met, attention now turns to the final bidding day—2 July 2025, when institutional investors may step in. Full subscription of the IPO will likely depend on increased participation from NIIs and potential QIB interest in the last trading window.
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