i) Quality Assurance: Employs advanced lab techniques to ensure consistent dye quality.
ii) Experienced Promoters: Leadership brings deep industry knowledge and operational expertise.
iii) Integrated Production Process: Advanced technology ensures efficient, high-quality production.
iv) Locational Advantage: PCPIR location provides easy access to raw materials and skilled labor.
v) Customer Relationships: Maintains strong, long-term domestic and international client ties.
vi) International Certifications: Products comply with ISO, GOTS, and ZDHC standards.
Shlokka Dyes Limited IPO
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Shlokka Dyes Limited was originally incorporated on July 9, 2021 as Shlokka Dyes Private Limited under the Companies Act, 2013, in Ahmedabad. Following a special resolution by its shareholders, the company was converted into a Public Limited Company on October 8, 2024, and renamed Shlokka Dyes Limited. A fresh certificate of incorporation was issued on November 11, 2024.
Business Activities
The company is engaged in the manufacturing of reactive dyes, a category of synthetic organic dyes widely used in the textile industry. Its diverse product portfolio includes Direct Dyes, Basic Dyes, Vat Dyes, Digital Printing Dyes, and Paper Dyes, catering to industries such as textiles, leather, paper, and paints. The dyes are available in primary colors (black, blue, red, orange, yellow) and multiple variants, each identified by an internationally recognized Color Index Number, suitable for applications across cotton fabrics, garments, bed sheets, carpets, and more.
Manufacturing Facilities
Shlokka Dyes operates a state-of-the-art manufacturing facility in Saykha, Dist. Bharuch, Gujarat, covering approximately 5000 sq. meters of land and a factory building of 5731.81 sq. meters. The facility has a robust installed capacity of 9,000 MT per annum and is equipped with advanced machinery and an in-house testing laboratory to ensure consistent quality.
Competitive Strengths
Objects of the Shlokka Dyes Limited IPO:
Company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Capital Expenditure for purchase of machineries (₹6.13 cr)
2. Repayment of Debt (₹11.50)
3. Working Capital (₹28 cr)
4. General Corporate Purpose
Shlokka Dyes Limited IPO Details:
| Open Date: | Sep 30 2025 |
| Close Date: | Oct 06 2025 |
| Total Shares: | 63,50,400 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 63.50 Cr. |
| Lot Size: | 1200 Shares |
| Issue Price: | ₹ 95-100 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Oct 09 2025 |
Promoters And Management:
1. Mr. Vaibhav Shah (Managing Director & Promoter, Age: 46), a pioneer in the dyes and intermediates industry, has over 25 years of experience. He began his career in his family business, Vaibhav Dyestuff Industries, and later founded Equinox Impex, a 2-star registered export house serving 21 countries. He oversees the company’s commercial operations, business strategy, finance, and marketing, ensuring operational efficiency and market growth.
2. Ms. Shivani Rajpurohit (Executive Director, Age: 42), holds a Ph.D. in Law, along with LL.M and LL.B degrees, and has 17 years of legal practice. She has been actively involved in the dyes and intermediates sector for 4+ years, managing administrative and legal operations, ensuring compliance, and providing strategic guidance on regulatory matters.
3. Mr. Viraj Shah (Non-Executive Independent Director, Age: 33), is a Company Secretary and holds M.Com, B.Com, and LL.B degrees. With over 6 years of experience in corporate governance and regulatory compliance, he runs his own PCS firm and serves as an advisor to the board, providing independent judgment on compliance, governance, strategy, and key appointments.
Financials of Shlokka Dyes Limited IPO:
| Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 103.45 | 61.68 | 8.79 |
| EBITDA (Cr) | 18.67 | 12.8 | 1.6 |
| EBITDA Margins | 18.05% | 20.76% | 18.25% |
| PAT (Cr) | 10.01 | 4.91 | 0.6 |
| PAT Margins | 9.68% | 7.97% | 6.83% |
| ROCE | 36.14% | 25.46% | 6.71% |
| Debt to Equity Ratio(In Times) | 1.02 | 1.63 | 2.27 |
| Operating Cash Flows (Cr) | 5.1 | -10.51 | 1.66 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Shlokka Dyes Limited | 103.45 | 18.05% | 9.68% | 36.14% | 1.02 | 214.08 | 21.39 |
| Deepak Chemtex Limited | 79 | 21% | 16.46% | 33.80% | 0.02 | 129 | 10.3 |
| Vipul Organics Limited | 163 | 9% | 3.07% | 8.64% | 0.73 | 371 | 81.2 |
| Ishan Dyes and Chemicals Limited | 101.43 | 7% | 1.07% | 4.04% | 0.89 | 130 | 255 |
Lead Manager of Shlokka Dyes Limited IPO:
Registrar of Shlokka Dyes Limited IPO:
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