Latest news with #SilkyOverseas
Business Standard
07-07-2025
- Business
- Business Standard
NSE SME Silky Overseas slips on soft sheets after smooth debut
Shares of Silky Overseas was trading at Rs 162.45 on the NSE, a premium of 0.90% compared with the issue price of Rs 161. The scrip was listed at Rs 171, a premium of 6.21% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 171 and a low of Rs 162.45. About 7.02 lakh shares of the company changed hands at the counter. Silky Overseas' IPO was subscribed 132.85 times. The issue opened for bidding on 30 June 2025 and it closed on 2 July 2025. The price band for the SME IPO was set between Rs 153 and Rs 161 per share. The IPO comprised fresh issue of 19,05,600 equity shares. The company intends to utilize the net proceeds for setting up additional storage facility, repayment or pre-payment of certain debt facilities, working capital requirement and for general corporate purpose. Ahead of the IPO, Silky Overseas on 27 June 2025, raised Rs 7.67 crore from anchor investors. The board allotted 4.76 lakh shares at Rs 161 per share to 4 anchor investor. Silky Overseas is specializes in bedding essentials such as mink blankets, bed sheets, and comforters, marketed under the brand Rian Decor. Its operations span the entire production lifecycle knitting, dyeing, and processing, printing and packaging offering an end-to-end integrated manufacturing setup. Besides its domestic presence, Silky Overseas also exports to regions like the Middle East. As of 31 May 2025, the company had 135 employees. The company recorded revenue from operations of Rs 105.01 crore and net profit of Rs 9.17 crore for the period ended 31 January 2025.
Time of India
30-06-2025
- Business
- Time of India
Silky Overseas IPO: Check price band, issue size and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The IPO of Silky Overseas will open for subscription today with the company aiming to raise Rs 30.68 crore through a fresh issue of 19.06 lakh equity shares. The IPO will remain open until July price band has been fixed at Rs 153 to Rs 161 per share, and the lot size for retail investors is 800 Overseas is a Haryana-based manufacturer of home textiles including mink blankets, bed sheets, and comforters sold under the brand Rian Dé company operates from an integrated production facility in Gohana and exports to markets in the Middle East. As of May 2025, it employed 135 people and reported a revenue of Rs 105.35 crore and profit of Rs 9.17 crore for the period ending January IPO is managed by Gretex Corporate Services , with Skyline Financial Services as the registrar and Gretex Share Broking as the market allotment is expected to be finalized on July 3 and the shares are scheduled to list on the NSE SME platform on July 7. The company has already raised Rs 7.68 crore from anchor investors on June from the IPO will be used to set up a new storage facility, repay certain debts, fund working capital requirements, and cover general corporate expenses.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
United News of India
28-06-2025
- Business
- United News of India
Silky Overseas Limited IPO To Open On 30th June, Sets Price Band At ₹153 to ₹161 Per Share
Mumbai (Maharashtra) [India], June 27: 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 is poised for its initial public offering (IPO), with plans to raise ₹ 30.68 crores through the issuance of 19.06 lakh new shares. For its SME IPO, Silky Overseas Limited has established a price band of ₹ 153 to ₹ 161 per share. The company's shares will open for subscription on June 30, 2025 and closes on July02, 2025. These will be listed on the NSE Emerge, with a projected listing date of Monday, July 07, 2025. Gretex Corporate Services Limited is the book-running lead manager of the Silky Overseas IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Silky Overseas IPO is Gretex Share Broking Private Limited. The issue proceeds will be utilized in Setting up of Additional Storage Facility, Pre-payment of Certain Debt Facilities, to meet working capital requirements and general corporate purposes. Thursday, July 3, 2025, the shares for the Silky Overseas IPO are anticipated to be allotted, and on Friday, July 4, 2025, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment. Retail investors need to contribute a minimum of ₹ 1,28,800 considering the minimum lot size for an application is 800 shares. For HNIs, the minimum bidding size is two lots, or 1600 shares, for a total investment of ₹ 2,57,600 at the upper price band. Silky Overseas Solutions Limited's Total Revenue ₹70.26 Crores, EBITDA ₹11.01 Crores and PAT ₹5.53 Crores for the financial year ending with March 31, 2024. And the total revenue was recorded at ₹105.35 Crores, EBITDA ₹15.08 Crores and PAT was ₹9.17 Crores as on 31st January 2025. The company sell its products under the brand name Rian Decor. Silky Overseas Limited operates manufacturing facilities in Gohana, Haryana, and produces textile products such as mink blankets, bed sheets, and comforters. Silky Overseas Limited offers a wide range of textile products, catering to domestic and international markets.
