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Silky Overseas Limited IPO

Silky Overseas Limited is a textile manufacturing company engaged in the production of home furnishing fabrics, including bedsheets, curtains, cushion covers, and upholstery materials. Operating under its flagship brand “Rian Décor,” the company caters to both domestic and international markets. Its integrated manufacturing setup allows it to manage key processes in-house—such as knitting, dyeing, printing, cutting, and packaging—enabling better quality control and production efficiency.

DRHP

Min Investment

₹1,28,800

Lot Size

800 Shares

Price Range

₹161.0

Issue Size (₹ Cr.)

₹30.68

IPO Type

NSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 16.0

Subscription

EPS

₹ 8.69

P/E Ratio

18.52 x

RoNW

36.56%

ROE

36.56%

Debt to Equity (₹ Cr.)

1.70

Timeline

IPO Open30/06/2025Monday

IPO Close02/07/2025Wednesday

Allotment03/07/2025Thursday

Refund04/07/2025Friday

Listing07/07/2025Monday

Strengths

End-to-End Manufacturing Capabilities The company manages all key processes in-house, including knitting, dyeing, printing, and finishing. This integrated model ensures better quality control and cost efficiency.
Improved Financial Performance Silky Overseas has shown a significant turnaround in profitability over recent years, with growing revenues and healthy EBITDA and PAT margins.
Rising Net Worth and Profitability The company’s net worth and earnings have grown steadily, reflecting financial stability and improved operational efficiency.
Certified Quality Standards Products are marketed under the “Rian Décor” brand and supported by ISO 9001:2015 certification, which adds credibility and helps attract premium buyers.
Focused Expansion Strategy The company plans to use IPO funds for storage upgrades, debt repayment, and working capital—indicating a measured, asset-light approach to scale its operations.

Weaknesses

Limited Operating History as a Public Company The company recently transitioned to a public entity, which means limited experience in operating under the regulatory and transparency requirements of listed companies.
High Dependence on a Single Brand A major portion of sales is generated under the “Rian Décor” brand. Heavy reliance on one brand may limit diversification and increase brand-related risks.
Moderate Scale of Operations Compared to larger textile manufacturers, Silky Overseas operates at a relatively smaller scale, which may affect its ability to compete on pricing or fulfill bulk orders.
Working Capital Intensity The business requires significant working capital to maintain inventory and manage day-to-day operations, which can put pressure on liquidity during market slowdowns.
Exposure to Raw Material Price Fluctuations The company is vulnerable to changes in prices of yarn and chemicals, which can directly impact profit margins if costs rise without corresponding price adjustments.