Silky Overseas Limited IPO
Silky Overseas Limited, originally incorporated as Silky Overseas Private Limited on May 1, 2016, transitioned to a public limited company on November 7, 2023. Headquartered in Delhi, with its manufacturing facility located in Sonipat, Haryana, the company is engaged in the manufacturing and trading of high-quality home furnishing products, including blankets, comforters, bedsheets, and curtains.
Core Business Operations
Silky Overseas specializes in the integrated manufacturing of a wide range of bedding and home textile products, with operations spanning knitting, dyeing, processing, printing, and packaging—all under one roof. This vertical integration enables consistent product quality, greater efficiency, and scalability.
Key product categories include:
i) Mink Blankets (single and double ply, available in varied sizes and weights, including baby blankets)
ii) Comforters (filled with synthetic fibers or down, available in multiple stitching patterns and warmth levels).
iii) Bedsheets (fitted, flat, and top sheets in various materials and sizes)
iv) Curtains (sheer, blackout, thermal, and decorative types for light control, privacy, and insulation)
The company also trades knitted and crocheted fabrics, sourced from Panipat’s textile markets, which are used in products like tablecloths, rugs, pillow covers, and wall hangings.
Business Model & Market Reach
Silky Overseas operates a dual revenue model, comprising:
i) Manufacturing-to-order (B2B) for bulk buyers including retailers and wholesalers.
ii) Trading of ready products sourced locally and sold directly without modification.
Sales channels include:
– Offline Platforms: Participation in trade fairs and direct factory sales (primarily from Panipat).
– Online Platforms: Strong presence on Flipkart, Amazon, Ajio, Snapdeal, Walmart, and Meesho.
– Own E-commerce Portal: www.silkyoverseas.com, optimized for SEO and customer interaction.
A key highlight is the sale of over 40,000 blankets via Flipkart alone.
Manufacturing Infrastructure
The manufacturing unit in Village Jawahara, Sonipat, is equipped with:
a) Facilities for raw material storage, production, and finished goods warehousing.
b) Easy access to transportation and logistics, aiding nationwide and export delivery.
Strategic Focus & Growth Plans
i) Diversify its product portfolio beyond blankets to include comforters, bedsheets, and curtains.
ii) Expand its B2C and D2C presence via e-commerce and digital marketing.
iii) Strengthen its distribution network in states like Haryana, West Bengal, Assam, Punjab, Bihar, and Delhi.
iv) Continuously innovate designs and upgrade quality standards to cater to evolving consumer preferences.
Objects of the Silky Overseas Limited IPO:
Silky Overseas Limited IPO Details:
Open Date: | Jun 30 2025 |
Close Date: | Jul 02 2025 |
Total Shares: | 19,05,600 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 30.68 Cr. |
Lot Size: | 800 Shares |
Issue Price: | ₹ 153-161 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Silky Overseas Limited IPO:
Particulars | 10M FY2024-25 | FY 2023-24 | FY 2022-2023 | FY 2021-2022 |
Revenue from Operations | 105.01 | 69.7 | 68.3 | 50.12 |
EBITDA | 15.08 | 11.01 | 5.35 | 2.96 |
EBITDA Margins | 14.36% | 15.80% | 7.83% | 5.92% |
PAT | 9.17 | 5.53 | 0.98 | 0.41 |
PAT Margins | 8.73% | 7.94% | 1.44% | -0.83% |
ROCE | 45.12% | 39.54% | 30.95% | 10.09% |
Debt to Equity Ratio(In Times) | 0.85 | 1.7 | 6.25 | 8.63 |
Operating Cash Flows | 6.85 | -0.1 | 3.62 | 0.808 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | D/E Ratio | MCap (in cr) | P/E |
Silky Overseas Limited(FY24) | 69.7 | 15.80% | 7.94% | 1.7 | 102.51 | 18.54 |
Welspun Living Limited(FY25) | 10,545 | 12% | 6.11% | 0.57 | 13,814 | 21.6 |
Trident Limited(FY25) | 6987 | 13.00% | 5.31% | 0.35 | 15,981 | 43.2 |
NOTE: Forward P/E is 9.31 on the basis of FY 25 PAT |
Lead Manager of Silky Overseas Limited IPO:
Registrar of Silky Overseas Limited IPO:
Discussion on Silky Overseas Limited IPO:
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