The Shlokka Dyes IPO is an SME IPO that will be listed on the BSE SME platform. Incorporated in 2021 and headquartered in Bharuch, Gujarat, the company is engaged in the manufacturing of dyes and dye intermediates, a critical raw material for textiles, leather, plastics, and paper industries.
This blog provides a complete review of the IPO details, financial performance, allotment, industry outlook, risks, and FAQs for investors.
Shlokka Dyes IPO – Event Schedule
| Event | Date |
|---|---|
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 6, 2025 |
| Allotment Finalization | October 9, 2025 (Tentative) |
| Refunds / Unblocking of Funds | October 10, 2025 (Tentative) |
| Credit of Shares to Demat | October 10, 2025 (Tentative) |
| Listing Date | October 13, 2025 (Tentative) |
| UPI Mandate Cut-off | 5 PM, October 6, 2025 |
Shlokka Dyes IPO – Structure and Key Details
- Company: Shlokka Dyes Limited
- Industry: Chemicals – Dyes & Intermediates
- Issue Type: 100% Book Built Issue
- Issue Size: 63,50,400 equity shares of ₹10 each
- Fresh Issue: Entire 63,50,400 shares (No OFS)
- Face Value: ₹10 per share
- Post-Issue Holding: The issue will constitute 29.66% of post-issue capital
- Promoters: Vaibhav Shah and Shivani Rajpurohit
- Lead Manager: Interactive Financial Services Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
- Listing At: BSE SME
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Company Overview
Founded in July 2021 as Shlokka Dyes Pvt. Ltd. and converted into a public limited company in November 2024, the company manufactures dyes and intermediates used across textiles, leather, paper, and plastic sectors.
Highlights:
- Strategically located in Bharuch, Gujarat – a hub for chemicals.
- Supplies to domestic as well as export markets.
- Industry backed by India’s leadership in dye intermediates (15% global share).
Shlokka Dyes IPO – Financial Performance
(₹ in Crores, Restated Consolidated Financials from RHP)
| Particulars | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue from Operations | ₹8.77 Cr | ₹61.28 Cr | ₹103.21 Cr |
| Other Income | ₹0.03 Cr | ₹0.41 Cr | ₹0.24 Cr |
| Total Income | ₹8.80 Cr | ₹61.69 Cr | ₹103.45 Cr |
| EBITDA | ₹1.61 Cr | ₹12.81 Cr | ₹18.68 Cr |
| Net Profit (PAT) | ₹0.60 Cr | ₹4.92 Cr | ₹10.01 Cr |
| PAT Margin | 6.8% | 8.0% | 9.7% |
(Figures to be updated from financial section of RHP — the issue document confirms growth in revenue and profitability over FY23–FY25.)
Objects of the Issue
The net proceeds will be used for:
- Capital expenditure for purchase of machinery.
- Repayment of debt.
- Working capital requirements.
- General corporate purposes.
Industry Outlook
- India accounts for 16-18% of global dye production and is a leading exporter.
- Textile, leather, and plastics industries drive demand.
- Government push on “Make in India” supports chemical intermediates.
- Export opportunities rising due to China+1 manufacturing shift.
Key Risks
- SME Listing: Liquidity may be limited compared to mainboard IPOs.
- Raw Material Volatility: Dependent on petrochemical derivatives.
- Environmental Regulations: Chemical industry faces strict compliance norms.
- Competition: Domestic and international players with scale advantage.
Shlokka Dyes IPO Allotment and Application
- Registrar: Bigshare Services Pvt. Ltd.
- Investors can check allotment on Bigshare’s portal using PAN, DP/Client ID, or Application Number.
- Apply via UPI/ASBA before 5 PM, October 6, 2025.
Investor Takeaways
Strengths:
- Located in a chemical hub.
- Growing demand in textile and export markets.
- IPO proceeds earmarked for debt repayment and capacity expansion.
Risks:
- Volatile raw material costs.
- SME listing risks.
- Regulatory and environmental compliance pressure.
Conclusion
The Shlokka Dyes IPO offers exposure to India’s dye and intermediates sector, which benefits from strong domestic demand and export potential. With proceeds being used for capacity expansion and debt reduction, the company is positioning for growth.
However, investors must weigh SME listing risks, raw material volatility, and compliance factors before investing. For those bullish on India’s chemical export story, this IPO is worth consideration.
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