Silky Overseas SME IPO Fully Subscribed Ahead of Close; Listing on July 7
By Shishta Dutta | Published at: Jul 2, 2025 01:00 PM IST
New Delhi, July 2, 2025 -Silky Overseas Limited’s ₹30.66 crore SME IPO has been fully subscribed as of the final bidding day, led by strong demand from both retail and institutional investors. Silky Overseas IPO, which opened on June 30 in the price band of ₹153 to ₹161 per share, received 16.27 lakh bids against the net issue size of 14.28 lakh shares, translating to an overall subscription of 1.14 times by 10:06 AM. Investors could place bids for a minimum of 800 equity shares and in multiples thereof. Each share carries a face value of ₹10.
Final Day Subscription Status (as of July 2, 10:06 AM)
| Category | Applications | Shares Bid | Subscription (Est.) |
|---|---|---|---|
| Qualified Institutional Buyers | 1 | 3,10,400 | 2.18× |
| Non-Institutional Investors | 48 | 4,32,800 | 3.03× |
| Retail Individual Investors (RIIs) | 1,105 | 8,84,000 | 2.65× |
| Total | 1,154 | 16,27,200 | 1.14× |
IPO Timeline
| Event | Date |
|---|---|
| Offer Start | June 30, 2025 |
| Offer End | July 2, 2025 |
| Allotment | July 3, 2025 |
| Refund Initiation | July 4, 2025 |
| Shares in Demat | July 4, 2025 |
| Listing Date | July 7, 2025 |
| Mandate End | July 17, 2025 |
Use of IPO Proceeds
- Setting up a storage facility
- Repaying certain loans
- Funding working capital
- General corporate purposes
About Silky Overseas Limited
Based in Panipat, with manufacturing facilities in Gohana, Haryana, Silky Overseas Limited manufactures and exports home furnishing products like bed sheets, blankets, curtains, and cushion covers. The company sells products under its in-house brand ‘Rian Décor’. It maintains a fully integrated setup—from knitting, dyeing, and processing to printing and packaging. Silky Overseas also exports to global markets, especially the Middle East.
Looking Ahead
With healthy subscription across all investor categories, Silky Overseas is set to debut on the NSE SME platform on July 7. Investors now await allotment results on July 3, followed by demat credit and refund processing on July 4.
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