Kaytex Fabrics IPO: GMP, Date, And Price

Kaytex Fabrics IPO- Complete Analysis

Kaytex Fabrics IPO under the SME IPO category is a bookbuilding of Rs. 69.81 Cr by Kaytex Fabrics Ltd which was incorporated in 1996 and produces high-quality textiles by fusing technology, imaginative design, and handiwork.

It specializes in textiles made from a variety of fibers, including polyester, viscose, and cotton. It sells women's ready-to-stitch clothing, high-quality fabrics, and contemporary, stylish designs. The brand names "Rasiya," "Kaytex," and "Darbaar-e-Khaas" are used by the corporation to market its goods.

Products:

Digitally Printed Fabrics

Fabrics made of jacquard

Corduroy Fabrics

Dobby Fabrics

Clothes.

Kaytex Fabrics IPO Details

The Kaytex Fabrics IPO date is on 29 July 2025, and its initial public offering will end on 31 July 2025. 

The Rs. 69.81 Crore new SME IPO comprises a combination of a fresh issue of 31.99 lac shares (Rs. 57.59 Cr) and an offer for sale of 6.79 lac shares (Rs. 12.23 Cr).

The Kaytex Fabrics IPO listing date (expected) might be on Tuesday, Aug 05, 2025, and listing at the NSE and SME.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Jul 29, 2025
IPO Closing Date	Jul 31, 2025
IPO Allotment Date	Aug 01, 2025
Refund Initiation	Aug 04, 2025
IPO Listing Date	Aug 05, 2025

 

 

 

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	125.27	95.92	72.98
Total Revenue	153.22	125.03	99.34
PAT	16.90	11.31	5.59
Net Worth	50.07	33.55	21.14
Reserves & Surplus	38.57	33.05	20.64
Borrowings	38.15	35.51	27.01

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1,297.22	90.15	653.13
Net Cash Flow Investing Activities	(1,064.88)	(641.68)	(973.89)
Net Cash Flow Financing Activities	(171.22)	456.80	260.85

 

Revenue Bifurcation

Stream-wise Revenue Bifurcation

Service-wise Revenue Bifurcation

Product-wise Revenue Bifurcation

Segment-wise Revenue Breakdown

Sales-wise Revenue Breakdown

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing capital projects for the building of a new warehouse in Amritsar.

• Financing the capital project to build a specialized sales office in Amritsar.

• Providing funds for the acquisition of a cutting-edge fabric processing technology for our current Amritsar printing, dyeing, and processing facility

• Paying for the additional operating capital needed.

• General corporate purposes.

 

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Listed Peers of Kaytex Fabrics Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Veekayem Fashion and Apparel Limited	10	13.01	18.92
Banswara Syntex Limited	5	6.25	23.20
Donear Industries Limited	2	6.13	17.57

 

Evaluation

The Kaytex Fabrics IPO price is Rs. 171 to Rs. 180 for each Share.

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 6.87 from the last year, the resulting P/E ratio is 13.97x. When compared with the industry’s average P/E of 28.10x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

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IPO's Strengths 

• An integrated unit with diverse capabilities in digital printing, weaving, jacquards, and embroidery allows consumers to have a one-stop shop.

• The textile market is changing as a result of early adopters of digital printing technologies.

• Cross-segment coverage from branded to unbranded segments and from Tier 1 cities to rural areas.

• Long-standing supplier relationships, a well-established distribution network, and a low customer concentration.

• Reliable supplier relationships offer high-quality yarns, textiles, chemicals, dyes, and inks.
  
  

 

 

IPO’s Weaknesses

• The company's operations depend heavily on its production facilities in Amritsar.  Any downtime resulting from equipment failure or natural disasters can have a significant impact on operations.

• The apparel and textile industries are very competitive. The company may be forced to lower prices due to competitive price reductions.

• Export revenue exposes the business to exchange rate risks.

• High ink costs, slower production rates, fabric compatibility problems, and a lack of skilled workers are all challenges to the company.

Kaytex Fabrics IPO GMP

Kaytex Fabrics IPO GMP (grey market premium) is Rs. 25 as of 26 Jul 2025 at the time of writing this information. Hence, the Kaytex Fabrics IPO listing price (estimated) might be Rs. 205 (upper price + current GMP).

Kaytex Fabrics IPO Summary

The IPO has a market maker portion size of 1,94,400 Shares (Rs. 3.50 Cr).

IPO Opening & Closing Date	29 Jul, 2025 to 31 Jul, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 171 to Rs. 180  per Share.
Lot Size	800 Shares
Issue Size	38,78,400 Shares (Rs. 69.81 Cr)
Offer for Sale	6,79,200 Shares (Rs. 12.23 Cr)
Fresh Issue	30,04,800 Shares (Rs. 54.09 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding Issue
Registrar	Bigshare Services Pvt Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (1600 Shares) for Rs. 2,88,000 and in multiples thereof, while for HNI investors, the minimum Lot is 3 (2400 Shares) for Rs. 4,32,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

 

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	40.10%
Retail’s Portion	34.03%
Non-Institutional Portion	20.85%

 

Promoters And Management of Kaytex Fabrics Ltd.

• Sanjeev Kandhari

• Amit Kandhari.
  
  

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

Kaytex Fabrics IPO Lead Managers

• Socradamus Capital Private Limited.

 

Dividend Policy

The company has not paid a dividend during the last three financial years.

 

 

Conclusion

Kaytex Fabrics IPO gives investors a chance to invest in a 29-year-old textile company that specializes in high-end fabrics and women's clothing. The company has a solid position in the fashion and textile sector thanks to its creative product designs, well-known brand names like "Rasiya" and "Darbaar-e-Khaas," and robust revenue development. Risks, including reliance on logistical partners and regulatory obstacles, are to be considered.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.