Silky Overseas Limited - IPO
SMESilky Overseas IPO Details
Silky Overseas IPO Subscription
Silky Overseas IPO Application Wise Breakup
Silky Overseas IPO Dates
- 30 Jun 2025Opening dateOPD
- 02 Jul 2025Closing dateCOD
- 03 Jul 2025Basis of AllotmentBOA
- 04 Jul 2025Initiation of RefundsIOR
- 04 Jul 2025Credit of SharesCOS
- 07 Jul 2025Listing dateLID
Silky Overseas IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 800 | ₹128,800 |
| Retain Maximum | 1 | 800 | ₹128,800 |
| HNI Minimum | 2 | 1600 | ₹257,600 |
Silky Overseas IPO Reservation
Promoter Holding
Silky Overseas IPO Valuations
Silky Overseas Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 50.69 | 40.7 | 37.07 |
| Revenue | 70.26 | 68.35 | 50.17 |
| Profit After Tax | 5.53 | 0.98 | -0.42 |
| Net Worth | 15.14 | 4.61 | 3.59 |
| Reserves and Surplus | 10.68 | 0.75 | -0.26 |
| Total Borrowing | 25.72 | 28.8 | 31 |
| Amount in ₹ Crore | |||
About Silky Overseas IPO
Established in May 2016, Silky Overseas Limited manufactures bedding essentials, specialising in blankets, bed sheets, and comforters.
The company's manufacturing process encompasses knitting, dyeing, processing, printing, and packaging all under one roof.
The company sell its products under the brand name Rian Décor.
Silky Overseas Limited operates manufacturing facilities in Gohana, Haryana, and produces textile products such as mink blankets, bed sheets, and comforters.
The company also supplies PPE body kits, showing diversification into protective gear.
Silky Overseas Limited offers a wide range of textile products, catering to domestic and international markets.
Their key products include:
- Mink Blankets: Known for softness, warmth, and vibrant designs.
- Bed Sheets & Comforters: Available in various sizes and fabric blends to suit different market preferences.
- Textile Yarns: Utilised in multiple applications across the textile industry.
- Protective Gear: Including PPE kits and body coveralls, which the company began producing during the COVID-19 pandemic to meet urgent demand.
Their products are designed to meet international standards in quality and durability, appealing to retailers, wholesalers, and institutional buyers.
The company sells its products in the Indian market and exports to the Middle East, Africa, and Southeast Asia.
As of September 2024, the company had 133 employees.
Strength Of Silky Overseas IPO
1. Purchase of higher quality thread count fabric at a lower price.
2. Experienced promoters and a dedicated employee base.
3. Infrastructure and Integrated capabilities to deliver quality products.
4. Strong Logistics Chain.
5. We have good storage for Inventory Management.
Risk Of Silky Overseas IPO
1. There are outstanding litigations by and against our Company which if determined against us, could adversely impact financial conditions.
2. Our business predominantly focuses on blankets, which makes us particularly susceptible to fluctuations in demand. Any shifts in consumer preferences have the potential to significantly impact our business, as well as influence our operational outcomes and financial standing. Our business is highly concentrated on the sale of a single product, i.e., blankets. The details of the contribution of the sales of our products to our total revenue from operations.
3. A majority of our supplies for our operations are obtained from a limited number of suppliers.
4. We are dependent on a few customers for a major part of our revenues. Further, we do not enter into long-term arrangements with our customers could adversely affect our business and the results of operations.
5. Our Company has a negative cash flow in its operating activities for the financial year ended on March 31, 2024, investing activities for the ten months period ended January 31, 2025 and financial year ended March 31, 2024, March 31, 2023 and March 31, 2022 and Financing Activity for the ten months period ended January 31, 2025 and the financial year ended March 31, 2023 details of which are given below. There was a net decrease in Cash and Cash Equivalent for ten months period ended January 31, 2025 and all the three years. Sustained negative cash flow could impact our growth and business.
6. Our business is subject to significant seasonal fluctuations, which could materially impact our financial results.
7. We have only one production unit that is located in Panipat and any localized social unrest, natural disaster breakdown of services, or any other natural disaster in and around Panipat or any disruption in production at, or shutdown of, our production unit could have material adverse effect on our business and financial condition.
8. If we are unable to maintain an optimal level of inventory, our business, results of operations and financial condition may be adversely affected.
9. Risk of Unsustainability of PAT Margin Increase in FY 24.
10. Our registered office on located on rental premises and consequently, we are required to comply with certain requirements given under leave and license agreements.
Objectives Silky Overseas IPO
1. Setting up of Additional Storage Facility
2. Repayment/Pre-payment of Certain Debt Facilities
3. Working Capital Requirement
4. General Corporate Purposes
Company Contact Details
Silky Overseas Limited
F-1, Plot No. A-48, 1st Floor
BLK A, Wazirpur, IND Area Landmark
NR. Opposite Fire Station, Wazir Pur III
North West Delhi, New Delhi, 110052
Phone: 7404088823
Email: info@silkyoverseas.com
Website: http://silkyoverseas.com/
Registrar Contact Details
Lead Mangers
Gretex Corporate Services Limited
Market Maker
Gretex Share Broking