Silky Overseas SME IPO Draws Limited Interest on Day 1; Retail Bids Lead Early Momentum
By Shishta Dutta | Published at: Jun 30, 2025 05:57 PM IST
Mumbai, 30 June 2025: Silky Overseas Limited’s ₹30.66 crore SME IPO opened today on the NSE Emerge platform and recorded a 43% overall subscription on its first day. While institutional investors stayed away, the retail investor segment showed relatively stronger engagement, with 65% of its portion subscribed.
Day 1 Subscription Snapshot
As of 4:42 PM on June 30, 2025, the subscription data reflected a clear divide in participation:
| Category | Applications | Shares Bid | Approx. Subscription |
|---|---|---|---|
| Qualified Institutional Buyers | 0 | 0 | 0.00× |
| Non-Institutional Investors | 11 | 18,400 | 0.12× |
| Retail Individual Investors (RIIs) | 130 | 1,04,000 | 0.65× |
| Total | 141 | 1,22,400 | 0.43× |
Silky Overseas IPO, entirely a fresh issue of 19.05 lakh equity shares, is being offered at a price band of ₹153 to ₹161 per share. The issue will remain open until Wednesday, July 2, 2025.
IPO Details
| 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 Emerge |
| Lot Size | 800 shares |
| Allotment Date | July 3, 2025 (tentative) |
| Listing Date | July 5, 2025 (tentative) |
Established Home Furnishings Manufacturer Backs the Offering
Founded in 2016, Silky Overseas Limited manufactures a diverse range of home furnishing products including blankets, comforters, bedsheets, and curtains. Operating from an integrated manufacturing unit in Panipat, Haryana, the company houses in-house dyeing, knitting, and packaging facilities.
For the ten-month period ending January 2025, the company posted a net profit of ₹9.17 crore on a revenue of ₹105.3 crore, underlining its strong financial trajectory and scalable operations.
IPO Funds Target Infrastructure and Working Capital Growth
According to the Red Herring Prospectus (RHP), the IPO proceeds will be directed towards the following objectives:
- Setting up an additional storage facility – ₹4.3 crore
- Repayment or prepayment of borrowings – ₹3 crore
- Working capital requirements – ₹12 crore
- General corporate purposes
Lead Management Team and Registrar Details Confirmed
The IPO is being managed by Gretex Corporate Services Ltd as the Book Running Lead Manager (BRLM), while Skyline Financial Services Pvt Ltd has been appointed as the registrar for the issue.
Subscription Momentum Expected to Build Near Closing Date
While retail interest has provided a promising start, participation from Qualified Institutional Buyers (QIBs) and High-Net-Worth Individuals (HNIs) is still awaited. Market observers anticipate increased bidding activity closer to the final day of the issue, a trend often seen in SME IPOs.
The subscription window remains open until Wednesday, July 2, 2025, with allotments likely to be finalised by July 3, and the stock is expected to list on NSE Emerge by July 5, 2025.
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