Madhur Knit Crafts IPO Opens Aug 24: Rs 53.28 Cr Target

Madhur Knit Crafts is launching its Initial Public Offering (IPO) on August 24, aiming to raise Rs 53.28 crore. The textile manufacturer has set the price band at Rs 95-100 per equity share, with subscriptions closing on August 27 for listing on the NSE Emerge platform.

IPO Details Snapshot

• Offer Size: Fresh issue of 53.28 lakh equity shares
• Price Band: Rs 95-100 per equity share
• Application Lot Size: 1,200 shares
• Market Maker Reservation: 2.66 lakh shares

The company plans to deploy the proceeds across several key areas. Managing Director Arun Gupta noted the IPO would bolster working capital, strengthen financial standing, and facilitate further investments in manufacturing capabilities.

Where the Funds Go

• Borrowings: Rs 20.85 crore for prepayment or repayment of outstanding borrowings
• Working Capital: Rs 15.92 crore to address working capital requirements
• Solar Panels: Rs 3.68 crore for purchasing solar panels
• Other: Remaining funds for general corporate purposes and offer expenses

Financially, Madhur Knit Crafts reported a total income of Rs 194.79 crore and a profit after tax (PAT) of Rs 12.35 crore for the 11 months ending February 28, 2026. This follows FY2025 figures where total income stood at Rs 171.76 crore with a PAT of Rs 11.03 crore.

Company Profile

Established in 1997, Madhur Knit Crafts manufactures various textile products including fabrics, blankets, and garments. They operate an integrated yarn-to-cloth manufacturing model.

SKI Capital Services is managing the issue as the sole book-running lead manager.