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IPO Open

Mon, Aug 24, 2026

IPO Close

Thu, Aug 27, 2026

Price Band

₹95 to ₹100

Market Cap*

₹161.10 Cr * on Upper Price

IPO Details

  • IPO Date
    24 to 27 Aug, 2026
  • Listing Date
    Tue, Sep 1, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹95 to ₹100
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    NSE SME
  • Total Issue Size
    27,00,000 shares (agg. up to ₹27 Cr)
  • Reserved for Market Maker
    1,36,000 shares (agg. up to ₹1 Cr)
  • Fresh Issue (Ex Market Maker)
    25,64,000 shares (agg. up to ₹26 Cr)
  • Offer for Sale
    25,64,000 shares (agg. up to ₹26 Cr)
  • Net Offered to Public
    53,58,400 shares (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    1,34,10,125 shares
  • Share Holding Post Issue
    1,61,10,125 shares

IPO Timetable (Tentative)

  • IPO Open
    Mon, Aug 24, 2026
  • Allotment
    Fri, Aug 28, 2026
  • Credit of Shares
    Mon, Aug 31, 2026
  • IPO Close
    Thu, Aug 27, 2026
  • Refund
    Mon, Aug 31, 2026
  • Listing
    Thu, Sep 3, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Issue
Retail Not less than 35% of the Net Issue
NII Not less than 15% of the Net Issue

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,40,000
Individual investors (IND) (Max) 2 2,400 ₹2,40,000
S-HNI (Min) 3 3,600 ₹3,60,000
S-HNI (Max) 8 9,600 ₹9,60,000
B-HNI (Min) 9 10,800 ₹10,80,000

About Madhur Knit Crafts Ltd.

Incorporated on August 21, 1997, Madhur Knit Crafts Limited operates in the textile space, principally manufacturing home-furnishing products and knitted & crocheted fabrics.

The company’s product portfolio includes blankets (acrylic, woollen, printed, designer), mink blankets, and related home-textile offerings. It services domestic markets through dealer networks and engages in export too.

The Company operates from a state-of-the-art manufacturing facility equipped with textile machinery imported from Korea, Taiwan, and China, supporting a wide range of processes including knitting, dyeing, printing, brushing, polishing, sueding, and stentering.

Products:

  • Anti-pilling fabric is a type of textile that has been treated or engineered to resist the formation of small fibre balls (pills) on the surface caused by friction or washing.
  • Knitted fabrics are flexible, breathable textiles made by interlooping yarns using circular or flat knitting machines.
  • Sherpa Fabric is a type of textile designed to mimic the texture and insulating properties of natural sheepskin.
  • Blankets were the inaugural product line of the Company, marking the commencement of its commercial manufacturing operations.

As on August 31, 2025, the compamy had 174 employees.

Competitive Strengths:

  • Vertically Integrated Manufacturing Operations
  • Advanced Machinery and Infrastructure
  • Strategic Location Advantage
  • Diversified Product Portfolio
  • Order-Based and Demand-Driven Production Model

Company Financials (Restated Consolidated)

(Amount in ₹ Crore)

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 140.76 122.59 90.60 64.59
Total Income 65.23 171.76 108.41 89.56
Profit After Tax 3.02 11.03 1.70 0.90
EBITDA 7.07 23.28 8.04 5.51
NET Worth 32.50 29.49 16.24 14.54
Reserves and Surplus 19.09 18.76 6.54 4.84
Total Borrowing 72.19 67.20 57.79 34.18

Recently Listed IPOs in Other Textile Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Shreedhar Spinners Ltd. SME ₹30.68 Cr ₹53 13.44 ₹57.10 +7.74% ₹115.00
Harikanta Overseas Ltd. SME ₹24.30 Cr ₹91 14.66 ₹75.77 -16.74% ₹72.50
Yajur Fibres Ltd. SME ₹120.41 Cr ₹174 23.49 ₹132.25 -23.99% ₹33.40

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding capital expenditure for the purchase of Solar panel.
    4.00
  • 2 Working Capital Requirement of the Company.
    14.10
  • 3 Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
    17.40
  • 4 General Corporate Purposes
    35.00

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROE 37.42%
ROCE 33.49%
Debt/Equity 2.28
RoNW 37.42%
PAT Margin 6.43%
EBITDA Margin 13.56%
NAV 22.31
Price to Book Value 4.48

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 8.23 7.49
P/E (x) 12.15 13.35
Market Cap at Offer Price ₹134Cr. ₹161.10 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100%
Public
Total 100%

Company Promoters: Arun Gupta, Piyush Gupta and Chirag Gupta.

IPO Registrar

Skyline Financial Services Pvt.Ltd.

IPO Lead Manager(s)

  1. SKI Capital Services Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Madhur Knit Crafts Ltd. Address
Village – Seera,
Sattowal Road, Rahon Road,
Eros Bajra Road
Ludhiana, Punjab, 141007

IPO FAQs

Madhur Knit IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹95 to ₹100. The minimum order quantity is 1200.

The IPO opens on Mon, Aug 24, 2026, and closes on Thu, Aug 27, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in Madhur Knit IPO using UPI as a payment gateway. Angel One customers can apply in Madhur Knit IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Madhur Knit IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Madhur Knit IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Madhur Knit IPO opens on Mon, Aug 24, 2026 and closes on Thu, Aug 27, 2026.

Madhur Knit IPO lot size is 1200, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.

You can apply in Madhur Knit IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Madhur Knit IPO will be done on Friday, August 28, 2026, and the allotted shares will be credited to your demat account by Mon, Aug 31, 2026. Check the Madhur Knit IPO allotment status.

The Madhur Knit IPO listing date is not yet announced. The tentative date of listing is Tue, Sep 1, 2026.

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