Madhur Knit Crafts Limited
Bookbuilding IPO · NSE
- Price band
- ₹95 - ₹100
- Lot size
- 1,200 shares
- Issue amount
- ₹53.26 cr
- Total subscription
- 1.56×
- Opens
- 24 Aug 2026
- Closes
- 27 Aug 2026
- Allotment
- 28 Aug 2026
- Listing
- 1 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 53,26,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹53.26 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,34,10,125
- Shares after issue
- 1,61,10,125
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,40,000 |
| sHNI | 3 | 3,600 | ₹3,60,000 |
| bHNI | 9 | 10,800 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 207 |
| RETAIL | 949 | 2,184 |
| HNIs(10L +) | 422 | 50 |
| HNIs (2-10L) | 211 | 157 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.03 | 2.04 |
| Others | 0 | 2.04 |
| RETAIL | 22.78 | 52.42 |
| NIB | 22.78 | 19.54 |
| HNIs 2+ | 7.59 | 6.05 |
| HNIs 10+ | 15.18 | 13.49 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 9.2 | 8.51 | 1.41 | 0.74 |
| ROE | 28.33 | 37.42 | 10.49 | 6.21 |
| ROCE | 31.11 | 33.49 | 13.09 | 13.78 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 12.15 | 0 | 0 |
| POST IPO(PE) | 13.91 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Kaytex Fabrics Limited | 4.69 | 60.00 | 10.00 | 79.27 | 14.96 | 12.79 |
| Madhur Knit Crafts Limited | 12.15 | 100.00 | 10.00 | 22.31 | 37.42 | 8.51 |
Company information
Company profile
Incorporated on August 21, 1997, Madhur Knit Crafts Limited operates in the textile industry, mainly manufacturing home furnishing products and knitted and crocheted fabrics. Its product range includes various types of blankets such as acrylic, woollen, printed, designer, and mink blankets, catering to both domestic and export markets through dealer networks. The company runs a modern manufacturing facility equipped with advanced machinery from Korea, Taiwan, and China, supporting processes like knitting, dyeing, printing, brushing, polishing, sueding, and finishing. It also produces specialized fabrics like anti-pilling fabric, knitted fabrics, and sherpa fabric, known for comfort, durability, and insulation. As of August 31, 2025, the company had 174 employees.
Strengths
- Vertically Integrated Manufacturing: The company operates an integrated facility covering knitting, dyeing, printing, stentering, brushing, raising, and finishing, reducing external dependence and enabling timely, customized production.
- Advanced Machinery & Infrastructure: Its modern manufacturing setup uses machinery sourced from Germany, Japan, South Korea, Taiwan, and China, supported by a 300,000+ sq. ft. facility for efficient and scalable production.
- Strategic Location Advantage: Located in Ludhiana, Punjab, a major textile and hosiery hub, the company benefits from access to raw materials, skilled labour, supporting industries, and efficient logistics, helping reduce lead times and freight costs.
Risk factors
- Short-Term Rental Agreement Risk: The company's operations depend on 11-month rental agreements. Non-renewal or unfavorable renewal terms could lead to relocation, higher costs, operational delays, and business disruption.
- Related Party Transaction Risk: The company has entered into transactions with promoters, directors, and promoter group entities. Such transactions may not always be as favorable as those with independent parties and could impact financial performance.
- Raw Material Price & Availability Risk: The company relies entirely on external suppliers for various yarns, including polyester, acrylic, cotton, and blended yarns. Price fluctuations or supply shortages could increase costs and adversely affect profitability.
Promoters
Arun Gupta
Piyush Gupta
Chirag Gupta
Registrar & documents
Lead manager
SKI Capital Services Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Village - Seera, Sattowal Road, Rahon Road, Eros Bajra Road, Ludhiana, Punjab, 141007
+91 91 987800969
[email protected]Company website ↗Understanding MADHURKNIT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.