Silky Overseas IPO to debut today. GMP suggests mild listing premium

Silky Overseas, the Haryana-based manufacturer of blankets and bed linen under the Rian Décor brand, is set to list on the NSE SME platform on Monday following a blockbuster subscription. The Rs 31 crore IPO, which was entirely a fresh issue, was subscribed 169.93 times overall, with massive interest from retail and HNI segments.

The issue was priced at Rs 161 per share, and the grey market premium (GMP) is currently hovering around Rs 21, indicating a potential listing price of Rs 182, or a 13% premium over the issue price.

The IPO opened on June 30 and closed on July 2. Allotment was finalized on July 3, and shares were credited to demat accounts by July 4.


Silky Overseas raised capital to fund its additional storage facility, repay certain debts, and meet working capital requirements. The IPO saw strong demand across investor categories, with NII subscription at 430x, retail at 119x, and QIB at nearly 63x.

Founded in 2016, Silky Overseas specializes in integrated textile manufacturing, offering end-to-end solutions from knitting and dyeing to processing and packaging. The company’s flagship brand Rian Décor enjoys presence in both domestic and export markets, including the Middle East.

The company’s financials reflect a growth surge: revenue rose to Rs 105.35 crore for the 10 months ended Jan 2025 (up from Rs 70.26 crore in FY24), while profit after tax climbed to Rs 9.17 crore in the same period from Rs 5.53 crore in FY24.

The listing will be closely watched to gauge sentiment around textile-sector SMEs amid a wave of IPO enthusiasm on the NSE SME platform.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)