Silky Overseas IPO Subscribed 170x on Final Day, Sees Overwhelming Demand

Silky Overseas' initial public offering (IPO) has demonstrated exceptional investor demand through its third and final day of subscription, with Silky Overseas' stock price set at ₹153-161 per share reflecting overwhelming market reception. The ₹30.68 crore IPO surged dramatically to 169.93 times by 5:15:01 PM on day three, indicating extraordinary investor interest in this home textile manufacturer incorporated in May 2016.

Silky Overseas IPO non-institutional investors segment leads with phenomenal 430.21 times subscription, whilst retail investors demonstrate exceptional participation at 119.34 times and qualified institutional buyers show robust interest at 62.99 times, reflecting tremendous investor confidence in this company specializing in bedding essentials including mink blankets, bed sheets, and comforters under the Rian Décor brand through integrated manufacturing operations spanning knitting, dyeing, processing, printing, and packaging serving domestic and Middle East export markets.

Silky Overseas IPO subscription reached an exceptional 169.93 times on day three, led by NII (430.21x), Retail (119.34x), and QIB (62.99x). Total applications reached 91,423.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Subscription Status of Silky Overseas IPO:

Here are the subscription details for Silky Overseas IPO as of Day 3 (July 2, 2025, 5:15:01 PM):

Key Highlights - Day 3:

• Overall subscription reaching an exceptional 169.93 times, a massive surge from day two's 0.85 times
• NII segment leading with phenomenal demand at 430.21 times, dramatically increasing from day two's 0.24 times
• Retail segment demonstrating exceptional participation at 119.34 times, significantly jumping from day two's 1.04 times
• QIB segment showing robust interest at 62.99 times, substantially building from day two's 0.97 times
• The final day witnessed extraordinary participation across all investor categories
• Total applications reached 91,423, indicating massive investor participation for this SME IPO
• The cumulative bid amount reached ₹3,051.05 crores against the issue size of ₹30.68 crores

Silky Overseas IPO - Day 2 Subscription at 0.85 Times

Key Highlights - Day 2:

• Overall subscription improving to 0.85 times from day one's 0.11 times
• Retail segment showing solid growth at 1.04 times, building momentum from day one's 0.19 times
• QIB segment demonstrating significant progress at 0.97 times, dramatically increasing from day one's 0.00 times
• NII segment showing modest participation at 0.24 times, building from day one's 0.08 times

Silky Overseas IPO - Day 1 Subscription at 0.11 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.11 times, showing modest initial investor interest
• Retail segment leading early participation at 0.19 times, indicating measured individual investor confidence
• NII segment showing limited early interest at 0.08 times, reflecting cautious high-net-worth participation
• QIB segment demonstrating no participation at 0.00 times, indicating reserved institutional sentiment

About Silky Overseas Limited

Incorporated in May 2016, Silky Overseas Limited manufactures home textiles specializing in bedding essentials including mink blankets, bed sheets, and comforters under the Rian Décor brand. The company operates integrated manufacturing facilities in Gohana, Haryana, covering knitting, dyeing, processing, printing, and packaging, whilst serving domestic markets and exporting to Middle East regions, employing 135 personnel as of May 2025.

Financial performance shows strong growth with revenue increasing 50% from ₹70.26 crores in FY2024 to ₹105.35 crores in ten months ended January 2025, whilst profit after tax surged 66% to ₹9.17 crores. The company maintains excellent profitability metrics with 36.56% ROE, 39.54% ROCE, 7.94% PAT margin, and 15.80% EBITDA margin. Post-IPO P/E ratio of 9.32x appears attractive for a textile manufacturer, though concerns about sustainability of boosted margins and higher debt-to-equity ratio of 1.70 raise questions about long-term financial stability in the competitive home textiles sector.