Shlokka Dyes IPO
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Shlokka Dyes IPO details
Schedule of Shlokka Dyes
| Issue open date | 30 Sep 2025 |
| Issue close date | 14 Oct 2025 |
| UPI mandate deadline | 14 Oct 2025 (5 PM) |
| Allotment finalization | 15 Oct 2025 |
| Refund initiation | 16 Oct 2025 |
| Share credit | 16 Oct 2025 |
| Listing date | 17 Oct 2025 |
| Mandate end date | 29 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 14 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 13 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shlokka Dyes
Shlokka Dyes Limited, incorporated in 2021 and converted to a public company in 2024, manufactures reactive and other synthetic dyes used in textiles, leather, paper, and paints. Its Gujarat-based ISO-certified facility has a 9,000 MT annual capacity with in-house testing for quality control. Led by experienced promoters Vaibhav Shah and Shivani Rajpurohit, the company offers a diverse dye portfolio and specialises in customized solutions for domestic and international clients.
Financials of Shlokka Dyes
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹57.79 crores |
| Fresh Issue | ₹57.79 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure for plant and machineries | 6.13 (10.6%) |
| Debt Repayment | 11.50 (19.89%) |
| Working Capital | 28 (48.45%) |
| General corporate purposes | 12.16 (21.04%) |
Strengths
- Diverse portfolio of reactive and other dyes serving the textiles, leather, paper, and paints industries.
- ISO 9001, 14001, and 45001 certifications ensure quality, environmental, and safety standards.
- Modern Gujarat-based facility with 9000 MT annual capacity and an in-house testing lab.
- Achieved over ₹60 crore turnover in FY24 and growing export participation (China Interdye 2024).
- Experienced promoters and a gradual shift from proprietary to corporate structure boost credibility.
Risks
- Heavy reliance on spot procurement of raw materials exposes it to price and supply volatility.
- No long-term contracts with customers; dependent on repeat orders for revenue stability.
- Promoter’s proprietary firm (Equinox Impex) operates in the same line of business, creating potential conflicts.
- Pending conversion of licenses/approvals from Pvt. Ltd. to Public Limited status.
- Competition, regulatory changes, or technology shifts may impact growth and profitability.
Allotment Status for Shlokka Dyes
To check your allotment status – click here.
Subscription Figures for Shlokka Dyes
As per media reports (Link), the Grey Market Premium (GMP) of Shlokka Dyes is reported at ₹12 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on October 14, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 6.03 | 6.14 | 1.02x |
| NII | 16.26 | 36.42 | 2.24x |
| Retail | 37.96 | 24.86 | 0.65x |
| Total | 60.26 | 67.43 | 1.12x |