Madhur Knit Crafts IPO- Company Analysis
Madhur Knit Crafts IPO under the SME IPO category is a bookbuild issue of Rs. 53.27 Cr by Madhur Knit Crafts Limited, which is a textile manufacturing enterprise that produces clothing, blankets, fabrics, winter textiles, and other textile products. In order to meet the needs of consumers, businesses, and institutions for textiles, the company expanded its product line after starting its commercial operations in 2013 with an emphasis on producing blankets.
Knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding, and finishing are all part of the company's integrated yarn-to-cloth manufacturing model. Its production plant is situated in Ludhiana, Punjab, a renowned textile center that offers access to suppliers, raw materials, distribution networks, and logistics services.
Madhur Knit Crafts IPO Details
The Madhur Knit Crafts IPO date of opening is 24 Aug 2026; its initial public offering will end on 27 Aug, IPO allotment on Aug 28 and refund initiation on Aug 31, 2026.
The Rs. 53.27 crore new SME IPO comprises a wholly fresh issue of 0.53 crore shares.
The Madhur Knit Crafts IPO listing date (expected) might be Tuesday, Sep 01, 2026, with listing on the NSE and SME.
The Madhur Knit Crafts IPO price band is Rs. 95 to Rs. 100.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 24, 2026 |
|
IPO Closing Date |
Aug 27, 2026 |
|
IPO Allotment Date |
Aug 28, 2026 |
|
Refund Initiation |
Aug 31, 2026 |
|
IPO Listing Date |
Sep 01, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
28 Feb 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
159.97 |
122.59 |
90.60 |
|
Total Income |
194.79 |
171.76 |
108.41 |
|
Profit After Tax |
12.35 |
11.03 |
1.70 |
|
EBITDA |
25.67 |
23.28 |
8.04 |
|
Net Worth |
43.61 |
29.49 |
16.24 |
|
Reserves and Surplus |
29.93 |
18.76 |
6.54 |
|
Total Borrowing |
73.54 |
67.20 |
57.79 |
Cash Flows
(Amount in lacs)
|
Net Cash Flow |
28 Feb 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
443.50 |
-255.82 |
-367.70 |
|
Net Cash Flow Investing Activities |
-383.07 |
-359.70 |
-1570.27 |
|
Net Cash Flow from Financing Activities |
129.67 |
606.00 |
1,949.68 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding capital expenditure for the purchase of solar panels. ~ Rs. 3.68 Cr.
-
Working Capital Requirement of the Company. ~ Rs. 15.92 Cr.
-
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. ~ Rs. 20.85 Cr.
-
General Corporate Purposes.
Listed Peers of Madhur Knit Crafts Ltd.
|
Name of the Company |
Face Value (₹) |
Basic EPS (₹) |
P/E Ratio (x) |
|
Kaytex Fabrics Ltd. |
10 |
12.79 |
4.69 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
28.33% |
|
ROCE |
31.11% |
|
Debt/Equity |
1.69 |
|
RoNW |
28.33% |
|
PAT Margin |
6.34% |
|
EBITDA Margin |
13.19% |
Evaluation of P/E Ratio
Considering the period ended in FY 2025, with an EPS of Rs. 8.51, the resulting P/E ratio is 11.75x.
Explore the Optimystix Entertainment IPO.
IPO's Strengths
-
Manufacturing processes that are vertically integrated
-
Cutting-edge equipment and production facilities
-
A prime site in the textile center of Ludhiana
-
A varied range of products.
IPO's Weaknesses
-
Operations depend on 11-month rental agreements. Non-renewal or unfavorable renewal terms may cause relocation, higher costs, operational delays and business disruption.
-
The Company has entered into transactions with Promoters, Directors and Promoter Group. Although conducted on an arm’s-length basis, such transactions may not have been on terms as favorable as those with unrelated parties and could affect financial performance.
-
The Company depends entirely on external suppliers for polyester, spun, acrylic, man-made, cotton and polyester-cotton blended yarns. Price fluctuations or supply constraints may adversely affect costs, business and results of operations.
Madhur Knit Crafts IPO GMP
Madhur Knit Crafts IPO GMP today is Rs. 0 as of 20 August 2026, while writing this information.
Madhur Knit Crafts IPO Summary
|
IPO Opening & Closing Date |
24 Aug, 2026 to 27 Aug, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 95 to Rs. 100 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
53,26,800 Shares (Rs. 53 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
50,60,400 Shares (Rs. 51 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Skyline Financial Services Pvt.Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,40,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,60,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Madhur Knit Crafts IPO Allotment Status
To check the Madhur Knit Crafts IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Madhur Knit Crafts Ltd.
-
Arun Gupta
-
Piyush Gupta
-
Chirag Gupta
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
71.57% |
IPO Lead Managers
- SKI Capital Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Madhur Knit Crafts IPO offers exposure to India’s growing facility management supply segment, supported by a broad product portfolio, expanding client base, and improving profitability. The company shows strong ROE and ROCE with moderate leverage, while the IPO proceeds are aimed at debt repayment, logistics expansion, and solar infrastructure.
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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.
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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.
