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8 hours ago
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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 2.
The price band has been fixed at Rs 153 to Rs 161 per share, and the lot size for retail investors is 800 shares.
Silky Overseas is a Haryana-based manufacturer of home textiles including mink blankets, bed sheets, and comforters sold under the brand Rian Décor.
The 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 2025.
The IPO is managed by Gretex Corporate Services, with Skyline Financial Services as the registrar and Gretex Share Broking as the market maker.
The 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 27.
Proceeds 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.
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