Madhur Knit Crafts IPO: Rs 53.28 Cr Issue Opens Aug 24
By ThePip Desk
Madhur Knit Crafts launches its Rs 53.28 crore IPO on August 24, with shares priced at Rs 95-100. The issue closes August 27. Funds for working capital, debt repayment, and solar panels.
Textile manufacturer Madhur Knit Crafts is launching its Rs 53.28 crore Initial Public Offering on August 24. The issue, priced at Rs 95-100 per equity share, will close for public subscription on August 27.
IPO Details
- IPO Size: Rs 53.28 crore
- Price Band: Rs 95-100 per equity share
- Shares Offered: 53.28 lakh equity shares
- Application Lot Size: 1,200 shares
- Listing Platform: NSE Emerge
The company plans to use the fresh capital primarily for working capital and outstanding debt repayment. Funds are also allocated for investment in solar panels.
- Borrowing Prepayment: Rs 20.85 crore
- Working Capital: Rs 15.92 crore
- Solar Panel Purchase: Rs 3.68 crore
Arun Gupta, Managing Director of Madhur Knit Crafts Ltd, stated the IPO is a significant milestone. He noted it will support working capital needs and strengthen the company’s financial position.
Financial Performance
For the 11 months ending February 28, 2026, Madhur Knit Crafts reported a total income of Rs 194.79 crore. Profit after tax (PAT) for this period stood at Rs 12.35 crore.
- FY2025 Total Income: Rs 171.76 crore
- FY2025 PAT: Rs 11.03 crore
Incorporated in 1997, Madhur Knit Crafts specializes in manufacturing fabrics, blankets, and various other textile products. The company operates an integrated yarn-to-cloth manufacturing model.
SKI Capital Services is serving as the sole book-running lead manager for the issue. This IPO aims to bolster the company’s manufacturing capabilities and overall financial health.