Shlokka Dyes Extends IPO Until October 14 After Price Band Revision

Shlokka Dyes Limited has extended its initial public offering deadline following a significant price band revision. The small and medium enterprise issue will now remain open until October 14, 2025, rather than closing on October 9 as originally scheduled.

The company adjusted its price band to ₹88–₹91 per share, revitalising investor interest in the ₹60 crore public offering. This strategic move has generated renewed momentum across both institutional and retail investor categories.

Improved Subscription Momentum

The revised pricing structure has substantially improved subscription figures since its implementation. As of Thursday afternoon, the IPO had received bids for 38.65 lakh shares against the 63.50 lakh shares available.

The overall subscription level reached 0.61 times, demonstrating notable improvement from previous sessions. Non-institutional investors displayed particularly strong interest, with their category witnessing 1.55 times subscription. This robust demand signals improving market sentiment toward the company’s valuation.

Investor Demand Trends

Market data reveals distinct patterns in investor behaviour following the price revision. Most bids are concentrated at the lower end of the revised price range around ₹88 per share.

This clustering indicates growing investor comfort with the company’s recalibrated valuation. The renewed interest contrasts sharply with the lukewarm response during the initial subscription period. The price adjustment appears to have successfully reignited market attention for the chemical manufacturer.

Company Background and Operations

Established in 2021, Shlokka Dyes specialises in producing reactive and synthetic dyes for multiple industries. The company’s products serve textile, leather, paper, and paint manufacturing sectors across domestic and international markets.

Its Gujarat-based facility boasts 9,000 metric tonnes per annum production capacity with ISO certification. The management team, led by Vaibhav Shah and Shivani Rajpurohit, emphasises eco-friendly production and customer-specific solutions.

Issue Structure and Timeline

The public issue maintains its ₹60 crore size despite the extended timeline and revised pricing. Investors can apply in lots of 1,200 shares, requiring approximately ₹1.09 lakh per lot at the upper price band.

The offering opened on September 30, 2025, with the new closing date set for October 14. The basis of allotment will finalise on October 15, with refunds and demat account credit scheduled for October 16. The anticipated listing date on Indian exchanges is October 17, 2025.

Read More: Shlokka Dyes IPO Allotment Status

Conclusion

Shlokka Dyes’ strategic price revision and timeline extension have successfully revitalised its public offering. The improved subscription figures demonstrate renewed investor confidence in the company’s prospects.

The extended timeframe provides additional opportunity for investor participation before the final closing date. Successful completion of this IPO will support the company’s expansion plans within the specialty chemicals sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.