Madhur Knit Crafts IPO: ₹53.27 Cr Launch Aug 24 on NSE

Madhur Knit Crafts Limited is launching its IPO on Monday, August 24, 2026, targeting a raise of ₹ 53.27 Crore. The offering will list on the NSE Emerge platform.

The issue comprises up to 53,26,800 equity shares, each with a face value of ₹ 10. The company has set its price band between ₹ 95 and ₹ 100 per share.

Key IPO Details

• Issue Size: up to 53,26,800 equity shares
• Face Value: ₹ 10 per share
• Price Band: ₹ 95 – ₹ 100 per share
• Anchor Bidding: Friday, August 21, 2026
• Issue Opening: Monday, August 24, 2026
• Issue Closing: Thursday, August 27, 2026

Equity share allocation is planned for Qualified Institutional Buyers, Non-Institutional Investors, Individual Investors, and Market Makers. SKI Capital Services Limited serves as the Book Running Lead Manager.

Fund Utilization Strategy

• Capital expenditure for solar panels
• Meeting working capital requirements
• Prepaying or repaying outstanding borrowings
• General corporate purposes

Mr. Arun Gupta, Promoter & Managing Director, stated the IPO is a significant growth step. It will strengthen operational capabilities and support investments in a rooftop solar power plant for sustainability.

Ghanisht Nagpal of SKI Capital Services Limited noted the company’s strong growth trajectory and integrated manufacturing. He anticipates the IPO will enhance visibility and support long-term objectives.

Company Overview

• Commenced operations: 2013, initially blanket manufacturing
• Evolution: Diversified into integrated yarn-to-cloth textile company
• Product Portfolio: Blankets, winter textiles, knitted fabrics, garments
• Customer Segments: End consumers, retailers, wholesalers, apparel, home textile

Recent Financial Performance

• Revenue (11 months ended Feb 2026): ₹ 19,469.05 Lakhs
• EBITDA (11 months ended Feb 2026): ₹ 2,567.31 Lakhs
• PAT (11 months ended Feb 2026): ₹ 1,235.23 Lakhs