Silky Overseas SME Issue Oversubscribed 132× on Final Day; Listing Scheduled for July 7
By Shishta Dutta | Published at: Jul 2, 2025 06:20 PM IST
New Delhi, July 2 – The ₹30.66 crore SME IPO of Silky Overseas Limited has concluded with a stellar response, clocking an overall subscription of 131.97 times on the final bidding day. Value-conscious investors aggressively applied, driving the oversubscription. With the company’s clear capital deployment strategy and growth narrative, there was significant interest among investors. Investors also viewed the ₹153–161 band as quite reasonable for a home-textile manufacturer seeking growth capital.
High Net-Worth Individuals (HNIs) and Qualified Institutional Buyers (QIBs) also showed interest in the IPO, resulting in bids for over 18.87 crore shares against a net offer of 14.28 lakh shares, as per data available at 4:48 PM on July 2.
Final Day Subscription Snapshot
| Category | Applications | Shares Bid | Subscription (Est.) |
|---|---|---|---|
| Qualified Institutional Buyers | 47 | 2,00,57,600 | 140.36× |
| Non-Institutional Investors | 8,191 | 10,32,08,000 | 724.46× |
| Retail Individual Investors (RIIs) | 81,851 | 6,54,80,800 | 195.25× |
| Total | 90,089 | 18,87,46,400 | 131.97× |
Net public issue size: 14,28,800 shares (excluding market maker portion)
Key Dates & Post-IPO Timeline
| Event | Date |
|---|---|
| Issue Close | July 2, 2025 |
| Basis of Allotment | July 3, 2025 |
| Refund Initiation | July 4, 2025 |
| Shares in Demat | July 4, 2025 |
| Listing Date | July 7, 2025 |
Allotment Status – How to Check
Investors can check their allotment status for the Silky Overseas IPO on the official NSE website by following these steps:
- Visit https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select Silky Overseas Limited
- Enter your PAN or application number to view allotment
Alternatively, allotment can also be checked on the registrar’s website – Skyline Financial Services Pvt Ltd – once activated.
On Registrar’s Website (Skyline Financial):
- Go to: https://www.skylinerta.com/ipo.php
- Choose Silky Overseas Limited from the dropdown
- Enter your PAN, DP/Client ID, or application number to view your status
Company Overview
Based in Panipat, Silky Overseas Limited is a home furnishing manufacturer with a wide export footprint. Its product portfolio includes blankets, bed sheets, pillow covers, and curtains. For the 10 months ended January 2025, the company reported:
- Revenue: ₹105.3 crore
- Net Profit: ₹9.17 crore
- Return on Equity (ROE): 28%+
- EPS (Annualised): ₹7.18
Use of IPO Proceeds
The fresh issue proceeds will be deployed for:
- Setting up a new storage facility
- Repayment of select borrowings
- Working capital needs
- General corporate purposes
With overwhelming demand and multi-fold oversubscription across all investor classes, Silky Overseas is scheduled to list on the NSE SME platform on July 7, 2025. All eyes are now on the allotment outcome tomorrow.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
