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Shlokka Dyes Limited is a manufacturer of Synthetic Organic Dyes, primarily 'Reactive Dyes', for industries like textiles, leather, paper, and paints. The company operates an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified manufacturing facility in Gujarat with an installed capacity of 9,000 MT per annum. It offers a diverse portfolio of dyes including Direct, Basic, Vat, Digital Printing, and Paper Dyes in various colors and shades.
Opening Date
Sep 30, 2025
Closing Date
Oct 06, 2025
Listing Date
Oct 09, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
63.5 Cr
Fresh Issue
63.5 Cr
Offer for Sale
—
Price Band
₹95 - ₹100
Lot Size
1200
Our Company proposes to utilize the Net Proceeds from the issue towards the following objects:
Funding capital expenditure of ₹6.13 Crores for purchasing new machinery, including an additional spray dryer and reactor vessels, to increase production capacity by approximately 60% to 70%.
Repayment or prepayment of existing borrowings amounting to ₹11.50 Crores to strengthen the financial position, improve the debt-equity ratio, and enhance the balance sheet.
Meeting working capital requirements of ₹28.00 Crores to support the company's expanding business operations and growth trajectory.
Funding general corporate purposes, including strategic initiatives, brand building, and other operational needs to support business growth.
P/E Ratio
10.49
EPS
9.53
ROE
36.82%
ROCE
36.14%
RONW
36.73%
Debt to Equity Ratio
1.02
PAT Margin
9.68%
EBITDA Margin
18.05%
P/B
5.54
Holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring high-quality products and processes.
Led by an experienced promoter, Mr. Vaibhav Shah, with over 25 years of expertise in the Dyes and Auxiliaries industry.
Operates an integrated production process with an in-house laboratory for stringent quality control at every stage of manufacturing.
Manufacturing facility is located in a prime industrial zone (GIDC, Saykha), providing logistical and infrastructural advantages.
High customer concentration, with top 10 customers accounting for over 99% of revenue in FY2025.
Significant dependence on a single product category, with 'Reactive Black' dyes contributing over 56% of revenue.
Capacity utilization was only 50.05% of the installed capacity in the financial year 2024-25.
Proposed deployment of IPO proceeds is based on management estimates and has not been independently appraised by any external agency.
Growing demand in the Indian chemical industry, which is expected to reach US$ 1 trillion by 2040.
Global 'China+1' strategy provides an opportunity for Indian chemical manufacturers to increase their global market share.
Expansion into new geographical markets such as Southeast Asia, Africa, and Latin America to tap into growing industrial demand.
Increasing global demand for eco-friendly and sustainable dyes presents a significant new product development opportunity.
Volatility in raw material prices, which are dependent on crude oil, can adversely impact the cost of production.
Exposure to global economic slowdowns, political instability, and changes in foreign exchange rates.
Intense competition from both established players and new entrants in the domestic and international dye manufacturing industry.
Changes in government regulations, environmental laws, and fiscal policies could adversely affect operations and growth prospects.