Silky Overseas share price made a positive debut on NSE SME today. Silky Overseas share price today opened at ₹171, which is 6.21% higher than the issue price of ₹161.
The initial public offering (IPO) of Silky Overseas had a subscription period that ran from Monday, June 30 until Wednesday, July 2. With a face value of ₹10, shares in the Silky Overseas IPO is priced at ₹161 apiece. At least 800 of those shares are up for bid, and there are multiples of those shares available. Silky Overseas IPO subscription status was 169.93 times on the last day of bidding.
Silky Overseas Limited, founded in May 2016, operates as a manufacturer of home textiles based in Gohana, Haryana. The company specializes in bedding items, such as mink blankets, bed sheets, and comforters, marketed under the Rian Décor brand. It manages the complete production chain – from knitting and dyeing to processing, printing, and packaging, offering a completely integrated manufacturing operation. Besides serving the domestic market, Silky Overseas also exports its products to various regions, including the Middle East.
According to the red herring prospectus (RHP), the company’s listed competitors are Welspun Living Ltd (with a P/E ratio of 20.84) and Trident Ltd (with a P/E ratio of 37.92). The company’s impressive financial performance can be linked to its focus on operational and functional productivity.
For the ten-month period ending on January 31, 2025, the organization recorded total sales revenues of ₹10,510.15 lakhs, ₹6,970.49 lakhs, ₹6,830.76 lakhs, and ₹5,012.10 lakhs for the financial years that concluded on March 31 in 2024, 2023, and 2022, respectively.
The net profit after tax for the ten-month period ending on January 31, 2025, was ₹917.07 lakhs, while for the fiscal years that ended on March 31 in 2024, 2023, and 2022, the profits were ₹553.48 lakhs, ₹98.22 lakhs, and ₹(41.77) lakhs, respectively.
