Madhur Knit Crafts IPO: ₹40.44 Cr Fresh Issue Filed with SEBI
By ThePip Desk
Ludhiana-based Madhur Knit Crafts files DRHP for a ₹40.44 Crore IPO, aiming to raise funds for debt repayment, working capital, and solar panel acquisition. IPO opens August 24, 2026.
Madhur Knit Crafts Limited is targeting ₹40.44 Crore through a fresh issue Initial Public Offering, having filed its Draft Red Herring Prospectus (DRHP) with SEBI. The Ludhiana-based integrated textile manufacturer plans to open its IPO on August 24, 2026.
The company, established in 1997, specializes in knitted fabrics and garments, operating a vertically integrated manufacturing process. Proceeds from the IPO are earmarked for specific corporate uses.
IPO Details & Fund Allocation
- IPO Fresh Issue Target: ₹40.44 Crore
- Debt Repayment: ₹20.85 Crore
- Working Capital Requirements: ₹15.92 Crore
- Solar Panel Acquisition: ₹3.67 Crore
The IPO timeline projects the offering to close on August 27, 2026. Allotment is anticipated for August 28, 2026, with the company scheduled for listing on September 1, 2026.
Financial Snapshot & Key Risks
Madhur Knit Crafts reported revenue from operations of ₹194.69 Crore for the 11 months ending February 28, 2026. Profit After Tax (PAT) stood at ₹12.35 Crore for the same period.
Operating cash flows were negative in previous fiscal years, at -₹3.68 Crore in FY2024 and -₹2.56 Crore in FY2025. However, the company turned positive with ₹4.44 Crore in operating cash flow for the 11 months ended February 2026.
- Over 90% of revenue from Punjab.
- Top 10 customers accounted for 34.14% of revenue (February 2026).
- Operations dependent on a single manufacturing facility in Punjab.
The DRHP did not disclose the price band, total issue size, P/E, or P/B ratios. Peer comparison data is also unavailable at this stage, leaving key valuation metrics pending.