Silky Overseas Ltd IPO
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Silky Overseas Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 19.06 L | TBA | TBA | ₹ 38.55 L | NSE | ₹ 30.68 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Jun, 25 | 02 Jul, 25 | 800 | ₹ 1,22,400 | Book Building - SME | 07 Jul, 25 |
Silky Overseas Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 1905600 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Silky Overseas Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.60 | 3.81 | 1.54 |
| EBITDA | 11.69 | 6.23 | 3.49 |
| PAT | 5.53 | 0.98 | -0.42 |
| Total Assets | 37.28 | 25.30 | 19.33 |
| Share Capital | 4.46 | 3.85 | 3.85 |
| Total Borrowings | 23.51 | 9.21 | 10.22 |
| Operating Activities (Net Cash) | 7.62 | 3.40 | 1.53 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | -3.15 |
| Financing Activities (Net Cash) | 23.51 | 9.21 | 10.22 |
| Net Cashflow | 0.05 | 0.20 | 0.40 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Silky Overseas Ltd
Our Company was originally incorporated on May 01, 2016, as a Private Limited Company in the name and style of `Silky Overseas Private Limited' under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently pursuant to a Special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on October 19, 2023, our Company was converted from a Private Limited Company to a Public Limited Company and consequently, the name of our Company was changed to `Silky Overseas Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on November 07, 2023. The Corporate Identification Number of our Company is U17110DL2016PLC298888.
India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
We are dedicated manufacturers and suppliers of bedding essentials, specializing in blankets, bed sheets, comforters, and more. Our integrated manufacturing process encompasses knitting, dyeing, processing, printing, and packaging, all under one roof. This ensures efficient bulk production without compromising on the quality that guarantees comfort and luxury throughout the night, allowing you to wake up revitalized and ready to embrace each day with vigour. Our diverse product portfolio includes a range of crafted items such as blankets, baby blankets, comforters, bedsheets and curtains. These products are thoughtfully designed and curated by our team of experienced professionals and designers, utilizing adequate machinery and techniques.
Peer Comparison:
- Silky Overseas limited
- Welspun Living Limited
- Trident Limited
Silky Overseas Ltd IPO Key Points
Strengths
- Purchase of higher quality thread count fabric at a lower price.
- Experienced promoters and a dedicated employee base.
- Infrastructure and Integrated capabilities to deliver quality products.
- Strong Logistics Chain.
- We have good storage for Inventory Management.
Risk
- There are outstanding litigations by and against our Company which if determined against us, could adversely impact financial conditions.
- 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.
- A majority of our supplies for our operations are obtained from a limited number of suppliers.
Strategy
- Identifying Target Market.
- Continue improving financial performance through a focus on operational and functional efficiencies.
- Continue to add to product portfolio by introducing new products.
- Improving & maintaining functional efficiencies.
- Order Success.
- Purchase of higher quality thread count fabric at a lower price.
- Experienced promoters and a dedicated employee base.
- Infrastructure and Integrated capabilities to deliver quality products.
- Strong Logistics Chain.
- We have good storage for Inventory Management.
How To Apply for Silky Overseas Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
