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Silky Overseas IPO
Silky Overseas Ltd
₹1,22,400 /800 sharesMinimum Investment
Silky Overseas IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹161.00 | ₹171.00 | ₹10.00 (6.21%) |
Silky Overseas IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Jun ‘25 - 2 Jul ‘25 | ₹1,22,400 | 800 | ₹153 - ₹161 |
| Issue Size | IPO Doc |
|---|---|
| 30.68Cr | RHP PDF |
Subscription rate
As of 02 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 15.23x |
| Non-Institutional Investor | 47.75x |
| Retail Individual Investor | 25.88x |
| Total | 21.47x |
About Silky Overseas
Founded in
2016
Managing director
Mr Sawar Mal Goyal
Parent organisation
Silky Overseas Ltd
Strengths & Financials of Silky Overseas
Strengths
Risks
Silky Overseas claims to have a strategic sourcing approach that allows the company to procure surplus or slightly imperfect high-thread-count fabric at a reduced cost. By purchasing in bulk from suppliers, the company claims to benefit from advantageous pricing, enabling it to offer customised, high-quality bedding products at competitive prices while ensuring cost savings for customers.
The company claims to have a strong infrastructure and integrated capabilities to deliver quality products. Silky Overseas further claims to be continuously investing in advanced machinery, including embroidery machines, to enhance both the efficiency and quality of its manufacturing processes.
Silky Overseas claims to have partnered with reliable freight providers to ensure efficient and timely delivery of its products.
The company claims to have a well-managed storage system for surplus fabrics and finished goods. The company further states that it follows a detailed inventory system, with daily stock reports and a process that ensures inventory levels align with market trends and customer needs, optimising the storage and minimising the risk of stock-outs or overstocking.
The company holds ISO 9001:2015 certification for its quality management systems.
The company has reported a consistent increase in revenue from operations. It increased from Rs 50.12 crore in FY22 to Rs 68.31 crore in FY23 and Rs 69.70 crore in FY24.
A significant portion of the company’s revenue is derived from the sale of blankets. It accounted for Rs 45.05 crore (64.63 percent) of the company’s revenue in FY24, Rs 64.73 crore (0.95 percent) in FY23, and Rs 44.93 crore (89.64 percent) in FY22. Any shifts in consumer preferences or demand for blankets could adversely impact the company’s financial performance.
The top three suppliers accounted for Rs 31.50 crore (61.08 percent) of the company’s total purchase of raw materials in FY24, Rs 32.18 crore (61.23 percent) in FY23, and Rs 28.01 crore (65.96 percent) in FY22. Furthermore, the top supplier alone accounted for Rs 16.75 crore (32.48 percent) of the company’s total purchase of raw materials in FY24, Rs 16.04 crore (30.51 percent) in FY23, and Rs 14.64 crore (34.39 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The top three customers accounted for Rs 22.55 crore (32.35 percent) of the company’s revenue in FY24, Rs 31.44 crore (46.03 percent) in FY23, and Rs 17.64 crore (35.20 percent) in FY22. Furthermore, the top customer alone accounted for Rs 9.55 crore (13.71 percent) of the company’s revenue in FY24, Rs 14.55 crore (21.31 percent) in FY23, and Rs 10.47 crore (20.89 percent) in FY22. Any failure to retain these key customers, expand the customer base, or a loss of business from even one of these clients can hurt the company’s business and financial standing.
The company’s sole production unit is located in Haryana. Any adverse political, social, or economic development in this region could be detrimental to the company’s operations and business prospects.
The company reported negative cash flow from operating activities amounting to Rs 0.10 crore in FY24. Additionally, negative cash flow from investing activities amounted to Rs 0.10 crore in FY24, Rs 0.14 crore in FY23, and Rs 5.70 crore in FY22. Furthermore, the company reported negative cash flow from financing activities amounting to Rs 3.68 crore in FY23. The company also experienced a net decrease in cash and cash equivalents amounting to Rs 0.16 crore in FY24 and Rs 0.20 crore in FY23. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company and its promoters are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Silky Overseas’ business is subject to significant seasonal fluctuations. A large portion of its revenue is generated during specific periods, influenced by weather conditions and industry-specific events, such as holidays. Any inability to address this fluctuation in demand could adversely affect its business and financial condition.
As of August 31, 2024, the company had outstanding financial indebtedness amounting to Rs 26.84 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Silky Overseas Financials
*All values are in Rs. Cr
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Application Details of Silky Overseas IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹153 - 161 | ₹2 - 5 Lakh |
| High Networth Individual | ₹153 - 161 | ₹2 - 5 Lakh |
For Silky Overseas IPO, eligible investors can apply as Regular.