K K Silk Mills Ltd IPO

Status: Closed

Overview

IPO date
26 Nov 2025 to 28 Nov 2025
Face value
₹ 10 per share
Price
₹ 36 to ₹38 per share
Issue Size
7,500,000 shares
(aggregating up to ₹ 28.5 Cr)
Allotment Date
01 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Trading

Objectives of K K Silk Mills Ltd IPO

K K Silk Mills Ltd IPO Strategy

About K K Silk Mills Ltd

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T&C*

Strengths vs Risks of K K Silk Mills Ltd

Know the pros & cons

Strengths

  • arrowDiversified customer base and long-standing relationship with our customers.
  • arrowDiversified Product Portfolio.
  • arrowFocus on quality and customer service.
  • arrowExisting customer relationship.
  • arrowExperienced Promoters and Management Team.
  • arrowStrong manufacturing base.

Risks

  • arrowThe company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
  • arrowThere may be potential conflicts of interest if its Promoters, Promoters' Group entities who are involved in same business activities that compete with or are in the same line of activity as the company business operations.
  • arrowIts revenue is concentrated in the state of Gujarat and Maharashtra and any adverse developments affecting Gujarat and Maharashtra could have an adverse effect on the company business, results of operations and financial condition.
  • arrowThe company has had made non-compliances of certain provision under Companies Act, 2013.
  • arrowThe company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.
  • arrowThe Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
  • arrowThe Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect the company business operations.
  • arrowIts Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of ths Company as required under the provisions of ICDR.
  • arrowIts cost of production is exposed to fluctuations in the prices of raw material prices particularly yarn, fabrics and accessories and the company has not entered into any agreement in respect of long-term supply for raw materials required by it.
  • arrowThe Company's manufacturing activities are labour intensive and depends on availability of skilled and unskilled labourers in large numbers. In case of unavailability of such labourers and / or inability to retain such personnel, its business operations could be affected.
  • arrowThe company has taken significant steps to address non-compliances and ensure ongoing compliance with regulatory requirements by filed compounding application.
  • arrowThe company generally do business with its customers on purchase order basis and does not enter into long-term contracts with them.
  • arrowThe company has entered into a number of related party transactions and may continue to enter into such transactions under AS 18, in the future, and there can be no assurance that the company could not have achieved more favourable terms had such transactions not been entered into with related parties.
  • arrowThe Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • arrowThe Company depends on timely identification of evolving fashion trends and creating new designs. Any lag on the part of the Company in this regard may adversely affect its business operations.
  • arrowThe company has high financial indebtedness which could adversely affect its financial condition and results of operations and further its may not be able to meet the company obligations under the debt financing agreements.
  • arrowDelays or defaults in client payments could affect its business, financial condition and results of operations.
  • arrowThe company intend to utilise a significant portion of the Net Proceeds for funding its capital expenditure requirements and prepayment of secured borrowings. the company is yet to place orders for such capital expenditure machinery.
  • arrowThe industry segments in which the company operates being fragmented, the company faces competition from other players, which may affect its business operational and financial conditions.
  • arrowUnder-utilization of its manufacturing capacities could have an adverse effect on the company business, future prospects and future financial performance.
  • arrowThe Company is in use of trademark, which is not registered under the Trademarks Act, 1999 as on date of Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third-party intellectual property rights.
  • arrowThe shortage or non-availability of power facility may adversely affect its manufacturing processes and have an adverse impact on the company results of operations and financial condition.
  • arrowChanges in technology may render its current technologies obsolete or requires the company to make substantial capital investments.
  • arrowAny delay in production, or shutdown, or any interruption for a significant period of time, in this facility may in turn adversely affect its business, financial condition and results of operations.
  • arrowFailures to manage its inventory could have an adverse effect on the company net sales, profitability, cash flow and liquidity.
  • arrowIts ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • arrowIts operations may be adversely affected in case of industrial accidents at the company production facility.
  • arrowIts insurance coverage may not be adequate.
  • arrowIts registered office premise, manufacturing facility and godown are on a leasehold/license basis and any termination of such lease/license and/or non-renewal could adversely affect its operations.
  • arrowThe Company has allotted Equity Shares during the preceding one year from the date of this Red Herring Prospectus which are lower than the Issue Price.
  • arrowIncreases in interest rates may materially impact its cash flows and results of operations.
  • arrowIf the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • arrowIts failures to identify and understand evolving industry trends and preferences and to develop new products to meet the company customers' demands may materially adversely affect its business.
  • arrowIts may not be successful in implementing the company business strategies.
  • arrowIts business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
  • arrowThe company has not entered into any technical support service for the maintenance and smooth functioning of its equipment's and machineries, which may affect the company performance.
  • arrowIts inability to accurately forecast demand for the company products, and accordingly manage its inventory, may have an adverse effect on the company business, cash flows, financial condition and results of operations.
  • arrowThe company may not be able to sustain effective implementation of its business and growth strategies.
  • arrowThe company relies on third-party transportation providers for procurement of raw materials and for supply of its products and failures by any of its transportation providers could result in loss in sales.
  • arrowFluctuation in the exchange rate between the Indian rupee and foreign currencies may have an adverse effect on its business.
  • arrowIts promoters will continue to retain significant control over the Company after the Public Issue.
  • arrowThe company Promoters Directors may have interest in the Company other than normal remuneration or benefits and reimbursement of expenses incurred.
  • arrowThe company is heavily dependent on its Directors and Key Managerial Personnels for the continued success of the company business through their continuing services and strategic guidance and support.
  • arrowThe average cost of acquisition of Equity shares by its Promoter is lower than the Issue price.
  • arrowThe company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • arrowIts Promoters, members of Promoter Group and director have provided personal guarantees to certain loan facilities availed by the company, which if revoked may requires alternative guarantees, repayment of amounts due or termination of the facilities.
  • arrowAny shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • arrowThe Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • arrowThere is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • arrowWithin the parameters as mentioned in the chapter titled "Objects of this Issue" of this Red Herring Prospectus, its Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • arrowIn the event there is any delay in the completion of the Issue, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
  • arrowIts funding requirements and the proposed deployment of Net Proceeds are based on management estimates and have not been appraised by any bank or financial institution or any other independent agency and may be subject to change based on various factors, some of which may be beyond its control. The company has not entered into any definitive agreements to utilise certain portions of the Net Proceeds of the Issue.
  • arrowAny future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
  • arrowThe requirements of being a public listed company may strain our resources and impose additional requirements.
  • arrowThird party statistical and financial data in this Red Herring Prospectus may be incomplete or unreliable.
  • arrowThe Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.

K K Silk Mills Ltd Peer Comparison

Understand the company’s industry standing

K K Silk Mills Ltd
Banswara Syntex Limited
Sangam (India) Limited
Face Value
10
5
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
221.4274
1307.4663
2862.27
EPS-Basis
3.13
6.25
6.79
EPS-Diluted
3.13
6.25
5.47
NAV Per Share
26.59
162.6
197.36
P/E-Basic EPS
---
18.85
67.47
P/E-Diluted EPS
---
---
---
RONW(%)
11.79
3.84
2.77
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 26 Nov 2025 & closes on 28 Nov 2025.

K K Silk Mills Limited was originally incorporated as 'Manish Weaving Industries Private Limited' as a private limited Company, vide Certificate of Incorporation dated August 26, 1991 issued by Registrar of Companies, Bombay. The Company name was changed to 'K.K. Silk Mills Private Limited' dated June 01, 2001. Subsequently, Company was converted from a private limited to public limited Company by Special Resolution and the name of the Company was changed to 'K K Silk Mills Limited' and a fresh certificate of incorporation dated June 06, 2018 was issued to Company by the Registrar of Companies, Mumbai. Company is engaged in the business of manufacturing of fabrics as well as garments. It manufacture the fabric which used in variety of products such as mens shirts wear- formal and casual wear, shervani material, ladies wear - dress material, burkha material, kushan cover material etc. It sell the knitted fabrics to domestic and international garment manufacturers. The Company use variety of knitted fabrics such as 100% cotton, 100% polyester, blended (cotton and polyester) and printed polyester fabrics in the production of garments. It sell the knitted fabrics to domestic and international garment manufacturers. The Company has approximately 5422 sq. mtrs. size area manufacturing plant located at Umbergaon, Valsad. Company launched the IPO of 75,00,000 equity shares of Rs 10 each and raised Rs 28.5 crores on November 28, 2025.

K K Silk Mills Ltd IPO will close on 28 Nov 2025.

  • Diversified customer base and long-standing relationship with our customers.
  • Diversified Product Portfolio.
  • Focus on quality and customer service.
  • Existing customer relationship.
  • Experienced Promoters and Management Team.
  • Strong manufacturing base.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Manish Kantilal Shah 3848600 25.76 3848600 17.15
2 Nilesh Kantilal Jain 5436336 36.39 5436336 24.23
3 Ashaben Manish Shah 3780064 25.3 3780064 16.85
4 Pinky Nilesh Shah 876132 5.86 876132 3.9
5 Harshil Manish Shah 269000 1.8 269000 1.2
6 Muktik Shah 586200 3.92 586200 2.61
7 Harshil Manish Shah and Naman 113028 0.76 113028 0.5

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
  • There may be potential conflicts of interest if its Promoters, Promoters' Group entities who are involved in same business activities that compete with or are in the same line of activity as the company business operations.
  • Its revenue is concentrated in the state of Gujarat and Maharashtra and any adverse developments affecting Gujarat and Maharashtra could have an adverse effect on the company business, results of operations and financial condition.
  • The company has had made non-compliances of certain provision under Companies Act, 2013.
  • The company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.
  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
  • The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect the company business operations.
  • Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of ths Company as required under the provisions of ICDR.
  • Its cost of production is exposed to fluctuations in the prices of raw material prices particularly yarn, fabrics and accessories and the company has not entered into any agreement in respect of long-term supply for raw materials required by it.
  • The Company's manufacturing activities are labour intensive and depends on availability of skilled and unskilled labourers in large numbers. In case of unavailability of such labourers and / or inability to retain such personnel, its business operations could be affected.
  • The company has taken significant steps to address non-compliances and ensure ongoing compliance with regulatory requirements by filed compounding application.
  • The company generally do business with its customers on purchase order basis and does not enter into long-term contracts with them.
  • The company has entered into a number of related party transactions and may continue to enter into such transactions under AS 18, in the future, and there can be no assurance that the company could not have achieved more favourable terms had such transactions not been entered into with related parties.
  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • The Company depends on timely identification of evolving fashion trends and creating new designs. Any lag on the part of the Company in this regard may adversely affect its business operations.
  • The company has high financial indebtedness which could adversely affect its financial condition and results of operations and further its may not be able to meet the company obligations under the debt financing agreements.
  • Delays or defaults in client payments could affect its business, financial condition and results of operations.
  • The company intend to utilise a significant portion of the Net Proceeds for funding its capital expenditure requirements and prepayment of secured borrowings. the company is yet to place orders for such capital expenditure machinery.
  • The industry segments in which the company operates being fragmented, the company faces competition from other players, which may affect its business operational and financial conditions.
  • Under-utilization of its manufacturing capacities could have an adverse effect on the company business, future prospects and future financial performance.
  • The Company is in use of trademark, which is not registered under the Trademarks Act, 1999 as on date of Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third-party intellectual property rights.
  • The shortage or non-availability of power facility may adversely affect its manufacturing processes and have an adverse impact on the company results of operations and financial condition.
  • Changes in technology may render its current technologies obsolete or requires the company to make substantial capital investments.
  • Any delay in production, or shutdown, or any interruption for a significant period of time, in this facility may in turn adversely affect its business, financial condition and results of operations.
  • Failures to manage its inventory could have an adverse effect on the company net sales, profitability, cash flow and liquidity.
  • Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • Its operations may be adversely affected in case of industrial accidents at the company production facility.
  • Its insurance coverage may not be adequate.
  • Its registered office premise, manufacturing facility and godown are on a leasehold/license basis and any termination of such lease/license and/or non-renewal could adversely affect its operations.
  • The Company has allotted Equity Shares during the preceding one year from the date of this Red Herring Prospectus which are lower than the Issue Price.
  • Increases in interest rates may materially impact its cash flows and results of operations.
  • If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • Its failures to identify and understand evolving industry trends and preferences and to develop new products to meet the company customers' demands may materially adversely affect its business.
  • Its may not be successful in implementing the company business strategies.
  • Its business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
  • The company has not entered into any technical support service for the maintenance and smooth functioning of its equipment's and machineries, which may affect the company performance.
  • Its inability to accurately forecast demand for the company products, and accordingly manage its inventory, may have an adverse effect on the company business, cash flows, financial condition and results of operations.
  • The company may not be able to sustain effective implementation of its business and growth strategies.
  • The company relies on third-party transportation providers for procurement of raw materials and for supply of its products and failures by any of its transportation providers could result in loss in sales.
  • Fluctuation in the exchange rate between the Indian rupee and foreign currencies may have an adverse effect on its business.
  • Its promoters will continue to retain significant control over the Company after the Public Issue.
  • The company Promoters Directors may have interest in the Company other than normal remuneration or benefits and reimbursement of expenses incurred.
  • The company is heavily dependent on its Directors and Key Managerial Personnels for the continued success of the company business through their continuing services and strategic guidance and support.
  • The average cost of acquisition of Equity shares by its Promoter is lower than the Issue price.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Its Promoters, members of Promoter Group and director have provided personal guarantees to certain loan facilities availed by the company, which if revoked may requires alternative guarantees, repayment of amounts due or termination of the facilities.
  • Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • Within the parameters as mentioned in the chapter titled "Objects of this Issue" of this Red Herring Prospectus, its Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • In the event there is any delay in the completion of the Issue, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
  • Its funding requirements and the proposed deployment of Net Proceeds are based on management estimates and have not been appraised by any bank or financial institution or any other independent agency and may be subject to change based on various factors, some of which may be beyond its control. The company has not entered into any definitive agreements to utilise certain portions of the Net Proceeds of the Issue.
  • Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
  • The requirements of being a public listed company may strain our resources and impose additional requirements.
  • Third party statistical and financial data in this Red Herring Prospectus may be incomplete or unreliable.
  • The Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.

The Issue type of K K Silk Mills Ltd is Book Building - SME.

The minimum application for shares of K K Silk Mills Ltd is 6000.

The total shares issue of K K Silk Mills Ltd is 7500000.

Initial public issue of up to 75,000,00 equity shares of face value of Rs. 10/- each of K K Silk Mills Limited ("KKSML" or the "Company" or the "Issuer") for cash at a price of Rs. 38/- per equity share including a share premium of Rs. 28/- per equity share (the "Issue Price") aggregating to Rs. 28.50 crores ("the Issue"), of which 3,75,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 38/- per equity share including a share premium of Rs. 28/- per equity share aggregating to Rs. 1.43 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 71,25,000 equity shares of face value of Rs. 10/- each at a price of Rs. 38/- per equity share including a share premium of Rs.28/- per equity share aggregating to Rs. 27.08 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 33.42% and 31.75%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 38/- for equity share of face value of Rs. 10 each. The floor price is 3.8 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 6,000 equity shares and in multiples of 3,000 equity shares thereafter.