Madhur Knit Crafts IPO: Rs 53.27 Cr Issue Opens Aug 24

Madhur Knit Crafts is set to launch its Initial Public Offering (IPO), targeting to raise up to Rs 53.27 crore. The issue will open for subscription on August 24, 2026, and close on August 27, 2026.

This textile manufacturer plans to list its shares on the SME Platform of NSE, offering 53,26,800 equity shares to investors.

Key IPO Figures

• Shares Offered: 53,26,800 equity shares
• Price Band: Rs 95 – 100 per equity share
• Face Value: Rs 10 per share
• Pricing Multiple: 9.50 times (lower end) to 10.00 times (higher end) of face value

SKI Capital Services will serve as the book running lead manager for the issue, with Nikita Tayal appointed as the compliance officer.

Company Profile

Madhur Knit Crafts, based in Ludhiana, commenced commercial operations in 2013. The company specializes in textile manufacturing, producing fabrics and garments with a primary focus on consumer textile products like blankets.

The company operates a fully integrated yarn-to-cloth manufacturing model. Its facility is equipped with advanced machinery for processes including knitting, dyeing, printing, brushing, and finishing, ensuring consistent product quality.

Planned Use of IPO Proceeds

• Capital Expenditure: Funding the purchase of solar panels
• Working Capital: Meeting the company’s working capital requirements
• Debt Repayment: Prepayment or repayment of a portion of certain outstanding borrowings

Strategically located in Ludhiana, a major textile hub, Madhur Knit Crafts benefits from access to raw materials, skilled labor, and established logistics. The company also highlights its commitment to sustainability through an in-house effluent treatment plant for wastewater management.