KK Silk Mills, the fabrics and garments manufacturer, has approached capital markets for raising funds via initial public offering (IPO) next week. The offer will open for public subscription on November 26 and close on November 28.
The company aims to mop up Rs 28.50 crore via IPO of 75 lakh shares which consists of entirely fresh issue component. The price band for the offer has been fixed at Rs 38-38 per share.
Half of the public issue size has been reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 35 percent shares for retail investors.
KK Silk Mills will finalise IPO share allotment by December 1, and its shares will be available for trading on the BSE SME effective December 3.
Of the net IPO proceeds (excluding issue expenses), Rs 3.1 crore will be utilised for plant & machineries including installation, mechanical and electrical work, and Rs 17.86 crore for repayment of certain borrowings. And the remainder funds will be used for general corporate purposes.
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On the financial front, KK Silk Mills that manufactures garments products for all the age group has reported profit of Rs 1.51 crore on revenue of Rs 54.3 crore for the June quarter current financial year 2025-26. Profit in the fiscal 2025 more than doubled to Rs 4.68 crore, from Rs 2.26 crore in previous fiscal. Revenue in the same periods soared 15.9 percent to Rs 220.8 crore, up from Rs 190.5 crore.
Axial Capital is the sole merchant banker for the KK Silk Mills IPO.
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