Shlokka Dyes was incorporated on July 09, 2021. The company manufactures Reactive Dyes, a type of synthetic organic dye widely used in textiles. Its diverse portfolio including Direct, Basic, Vat, Digital Printing, and Paper Dyes serves industries like textiles, leather, paper, and paints, offering high-quality, versatile solutions in primary and variant colors for fabrics, garments, and home textiles
| Bidding Dates |
|---|
| 30 Sep 2025 - 14 Oct 2025 |
| Subscription |
|---|
| 1.11x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,11,200 | 2 | 2 | 1200 | 6.4 M | ₹88 - ₹91 | 70.34 % | ₹558.8 M - ₹577.9 M | RHP DOC |
Shlokka Dyes IPO SUBSCRIPTION STATUS
14 Oct '25Shlokka Dyes IPO overall subscription rate was 1.11 times the total available shares
Shlokka Dyes IPO retail subscription rate was 1.12 times in the retail segment
Shlokka Dyes IPO non-institutional investor subscription rate was 4.16 times in the non-institutional investor category
Shlokka Dyes IPO Qualified Institutional Bidder subscription rate was 0.19 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Oct 2025 (Day 10) | 1.12x | 4.16x | 0.19x |
13 Oct 2025 (Day 9) | 0.82x | 2.83x | 0.19x |
10 Oct 2025 (Day 8) | 0.65x | 1.95x | 0.19x |
09 Oct 2025 (Day 7) | 0.6x | 1.94x | 0.19x |
08 Oct 2025 (Day 6) | 0.38x | 0.43x | 0.19x |
07 Oct 2025 (Day 5) | 0.25x | 0.41x | 0.19x |
06 Oct 2025 (Day 4) | 0.16x | 0.38x | 0.19x |
03 Oct 2025 (Day 3) | 0.05x | 0.01x | - |
01 Oct 2025 (Day 2) | 0.02x | - | - |
30 Sep 2025 (Day 1) | 0.01x | 0x | - |
Shlokka Dyes FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 103.2 | 10.0 | 5.1 | 4.1 | 18.1% |
| FY24 | 61.3 | 4.9 | -10.5 | -10.5 | 20.8% |
| FY23 | 8.8 | 0.6 | 1.7 | -24.1 | 18.3% |
Shlokka Dyes IPO SUBSCRIPTION STATUS DETAILS
Shlokka Dyes had 6.4 M shares on offer
Shlokka Dyes IPO offer price was in the range ₹88 - ₹91
Shlokka Dyes IPO minimum Investment was ₹211200
Shlokka Dyes IPO issue size was ₹ 558.8 M - ₹ 577.9 M
Shlokka Dyes had a minimum lot size of 1200 Shares per application
Shlokka Dyes NUMBER OF SHARES ON OFFER
Shlokka Dyes IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2025 |
| Issue close Date | 14 Oct 2025 |
| Allotment Date | 15 Oct 2025 |
| Refund Date | 16 Oct 2025 |
| Demat Account Credit Date | 16 Oct 2025 |
| Listing Date | 17 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Shlokka Dyes Allotment Status | Exchange/ Registrar |
Shlokka Dyes IPO subscription opened on 30 Sep 2025, and closed on 14 Oct 2025
IPO allotment for Shlokka Dyes was finalized on Wednesday, 15 Oct 2025
IPO listing for Shlokka Dyes was on BSE on Friday, 17 Oct 2025
Shlokka Dyes IPO LISTING GAINS
| Issue Price (adjusted) | 91.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 85.5 |
| Listing Gain% | -1.1% |
| Current Gain% | -72.9% |
Shlokka Dyes Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shlokka Dyes Ltd. | 24.6 | 52.8 | 10.6 | -0.2 | 0.6 | 5.8 | 3.8 | 82.9 | -19.9 | 5 | -50.5 | 2.3 | -50.5 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Shlokka Dyes INFORMATION ON IPO ISSUE
About Shlokka Dyes
Shlokka Dyes was incorporated on July 09, 2021. The company manufactures Reactive Dyes, a type of synthetic organic dye widely used in textiles. Its diverse portfolio including Direct, Basic, Vat, Digital Printing, and Paper Dyes serves industries like textiles, leather, paper, and paints, offering high-quality, versatile solutions in primary and variant colors for fabrics, garments, and home textiles
Object of the Issue
- Capital expenditure for purchase of machineries
- Repayment of debt
- Working capital
- General corporate purpose
Shlokka Dyes - PROMOTERS
| Name |
|---|
| Vaibhav Shah |
| Shivani Rajpurohit |
Shlokka Dyes - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vaibhav Shah | Managing Director |
| Shivani Rajpurohit | Director |
| Viraj Shah | Independent Director |
| Konark Patel | Independent Director |
| Meet Joshi | Independent Director |
Shlokka Dyes Book Running Lead Manager
Interactive Financial Services Limited
mbd@ifinservices.in
Shlokka Dyes Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shlokka Dyes Strengths
Quality assurance
The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, emphasising quality, safety, and environmental standards. From raw material procurement to finished goods, rigorous testing and inspections ensure products meet customer expectations
Integrated production process
The company’s advanced manufacturing facility uses modern technology for efficient, safe, and high-quality production. An integrated process ensures control over product quality, cost, and delivery timelines
Geographical advantage
The company’s manufacturing facility is located in Saykha, Dist. Bharuch, Gujarat, within the PCPIR industrial region under the Gujarat Special Investment Region Act 2009. The area’s industrialisation ensures easy access to skilled labour, raw materials, technology, and transport, while operations comply with environmental, health, and safety standards
Shlokka Dyes Risks
Operational hazard risk
The company’s operations involve hazardous materials and processes, exposing it to risks of personal injury, property damage, environmental harm, and potential civil or criminal liabilities. Accidents from chemical handling or heavy machinery use could disrupt operations and increase costs
Product quality risk
The company is subject to strict product quality standards, and any deviation may harm its reputation, sales, and profitability. Despite rigorous in-house testing, there is no guarantee that all products meet specifications, and customer rejection could adversely impact business and revenue
Operational utility risk
The company’s manufacturing relies on continuous electricity, fuel, and water supply, and shortages could disrupt operations and impact financial performance. While backup measures exist, there is no guarantee against future utility failures
IPO FAQs
The promoters of the company are Vaibhav Shah and Shivani Rajpurohit.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 88.0 - 91.0.
The IPO application opens on Sep 30, 2025 and closes on Oct 14, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 211,200.0, the maximum value for this IPO is Rs 218,400.0.
This IPO will be allotted on Oct 15, 2025.
The refund will be credited to your account on Oct 16, 2025.
The allotted shares will be credited to your demat on Oct 16, 2025.
Shlokka Dyes Ltd.’s shares listed on the stock exchanges on Oct 17, 2025.