- Price band
- To be announcedNot in this filing
- Issue size
- 63,50,400 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- OpensTue, 2025
- ClosesMon, 2025
- AllotmentWed, 2025Refunds and Demat credit same day
- ListingThu, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 63,50,400 shares
- Offer for sale
- None
- Total issue
- 63,50,400 shares
- Market maker portion
- 3,24,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 100.00% → 70.33%
- RHP date
- 23 Sept 2025
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Reservation
Share of the total issue- Retail59.8%
- NII25.6%
- QIB9.5%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 37,96,800 | 63.00% | 35% |
| Non-institutional investors (NII) | 16,26,000 | 26.98% | 15% |
| Qualified institutional buyers (QIB) | 6,03,600 | 10.02% | 50% |
| Market maker | 3,24,000 | — | — |
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25 (post bonus)- EPS (basic)
- ₹6.65
- EPS (basic) (FY 2024-25 (pre bonus))
- ₹3,696.59
- RoNW (FY 2024-25)
- 36.73%
- NAV per share (March 31, 2025 (after bonus, before IPO))
- ₹18.06
- Debt to equity (FY 2024-25)
- 1.02
- EBITDA margin (FY 2024-25)
- 18.05%
- PAT margin (FY 2024-25)
- 9.68%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 103.21 | 61.28 | — |
| Total income | 103.45 | 61.69 | 8.80 |
| EBITDA | 18.68 | 12.81 | 1.61 |
| Profit after tax | 10.01 | 4.92 | 0.60 |
| Net worth | 27.19 | 17.57 | 8.59 |
| Reserves and surplus | 12.20 | — | — |
| Total borrowing | 27.92 | — | — |
FY 2024-25 vs FY 2023-24: revenue +68.4%, profit after tax +103.6%.
Source: Red Herring Prospectus dated 23 Sept 2025Updated
About the company
The company manufactures dyes from a plant at GIDC Saykha in Bharuch, Gujarat, and began manufacturing operations in 2022. It was incorporated in 2021 as a private limited company and converted to a public limited company in 2024. It plans to add a second spray dryer and reactor vessels to expand its installed capacity.
- Incorporated
- 2021
- Industry
- Dyes Manufacturing
- CIN
- U24299GJ2021PLC124004
- Website
- shlokkadyes.com
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Vaibhav Shah | Promoter | 60.00% | 42.20% |
| Shivani Rajpurohit | Promoter | 40.00% | 28.13% |
| Pravinaben Shah | Promoter group | — | 0.00% |
| Shivlal Rajpurohit | Promoter group | — | 0.00% |
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for purchase of plant and machinery | 6.13 |
| Repayment or prepayment of borrowings | 11.50 |
| Working capital requirement | 28.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Shlokka Dyes LimitedIssuer | ₹3,696.59 | — | 36.73% | ₹18.06 |
| Deepak Chemtex Limited | ₹9.27 | 14.77× | 18.81% | ₹49.27 |
| Vipul Organics Limited | ₹2.71 | 75.65× | 7.24% | ₹48.22 |
| Ishan Dyes and Chemicals Limited | ₹0.52 | 115.87× | 1.06% | ₹49.54 |
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Experienced promoters who lead the company and have been involved since its formation.
- Integrated production process with in-house testing at key manufacturing stages.
- Established customer relationships and products with international certifications.
- Revenue and profit grew between FY 2022-23 and FY 2024-25.
- Plant is located in Bharuch with space identified for additional machinery.
Risks
- Limited operating history in manufacturing, as operations began in 2022.
- Regulatory approvals and inspections by the Gujarat Pollution Control Board; a temporary closure notice was issued in August 2024.
- Operations involve hazardous chemicals and heavy machinery, which carry safety and liability risks.
- Machinery purchases are not yet ordered and quotations are valid for only 30 days.
- Re-filing of the DRHP was needed after the lender's NOC was not received in time, and the company has significant borrowings.
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Contacts
Source: Red Herring Prospectus dated 23 Sept 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 23 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on BSE SME.
Frequently asked questions
When does the Shlokka Dyes IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 30 September 2025 and closes on Monday, 6 October 2025.
What is the Shlokka Dyes IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Shlokka Dyes shares list?
On BSE SME. The tentative listing date is Thursday, 9 October 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Shlokka Dyes IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 8 October 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹6.13 Cr for capital expenditure for purchase of plant and machinery, ₹11.5 Cr for repayment or prepayment of borrowings, ₹28 Cr for working capital requirement, and the rest for the other stated purposes.
Related IPOs
More chemicals and agrochemicals IPOs
- BLS Polymers₹150Listed · 27 Oct – 29 Oct 2026
- Steamhouse India₹81Listed · 9 Sept – 11 Sept 2026
- Sudeep Pharma₹593Listed · 21 Nov – 25 Nov 2025
- Advance Agrolife₹100Listed · 30 Sept – 3 Oct 2025
Also managed by Interactive Financial Services
- Shree Ram TwistexTBAListed · 23 Feb – 25 Feb 2026
- Aritas Vinyl₹47Listed · 16 Jan – 20 Jan 2026
- Aptus PharmaTBAListed · 23 Sept – 25 Sept 2025
Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.