Silky Overseas IPO to Open on June 30th 

Mumbai, 26 June 2025: Silky Overseas Limited, a home furnishing manufacturer and exporter, will open its Initial Public Offering (IPO) under the SME category on 30 June 2025, closing on 2 July 2025. The company has set a price band of ₹153–₹161 per share, with plans to raise up to ₹30.68 crore at the upper end.

The issue comprises a fresh offer of 19.06 lakh equity shares and will be listed on the NSE SME platform. The IPO is expected to attract significant attention amid a wave of SME listings in recent months.

IPO Snapshot

Company Background

Silky Overseas Limited, incorporated in May 2016, is engaged in the manufacturing of bedding essentials, with a focus on products such as blankets, bed sheets, and comforters. The company carries out a comprehensive production process that includes knitting, dyeing, processing, printing, and packaging all under one roof. Its products are marketed under the brand name Rian Décor.

The company operates its manufacturing units in Gohana, Haryana, where it produces a variety of textile goods. Its product portfolio includes mink blankets, known for their softness, warmth, and vivid patterns; bed sheets and comforters in diverse sizes and fabric blends; textile yarns used across the textile sector; and protective gear such as PPE kits and body coveralls an addition to its product range during the COVID-19 pandemic to address immediate healthcare demands.

Silky Overseas caters to both the domestic Indian market and international markets, including the Middle East, Africa, and Southeast Asia.

Financial Highlights (FY24)

As per data disclosed in the Red Herring Prospectus (page 163), the company reported robust financials for FY24:

• Revenue: ₹70.26 crore
• Net Profit: ₹5.53 crore
• Total Assets: ₹50.69crore
• Net Worth: ₹15.14 crore
• Earnings per Share (Diluted): ₹13.74
• Return on Equity (ROE): 36.56%

Promoters and Shareholding Changes

The promoters of Silky Overseas include Mr. Sawar Mal Goyal, Mr. Ananya Goyal, and M/s. S.M. Goyal and Sons (HUF). Prior to the issue, the combined promoter shareholding stood at 86.38%. The post-issue shareholding will be determined based on equity dilution.

Use of IPO Proceeds

• Setting up of Additional Storage Facility
• Repayment/Pre-payment of Certain Debt Facilities
• Working Capital Requirement
• General Corporate Purposes

Key Parties Involved

• Lead Manager: Gretex Corporate Services Limited
• Registrar to the Issue: Skyline Financial Services Pvt Ltd

Industry Tailwinds Boosting Textile Exporters

Panipat-based textile exporters, including Silky Overseas, are currently benefitting from a surge in global demand for Indian home furnishings. With rising labour and production costs in China, international buyers have begun diversifying sourcing partners, and India has become a favourable destination.

Further, the Indian government’s PLI scheme and export incentives under the RoDTEP framework have enhanced the competitiveness of firms like Silky Overseas. These macro-level tailwinds could help the company consolidate its position further, making its IPO launch strategically timed.

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