Madhur Knit Crafts Ltd IPO Details

Madhur Knit Crafts Ltd IPO Details

NSE - SMEUpcoming
Min. Investment
₹1,20,000
/ 1200 Shares
Issue Price
₹95 to ₹100
Subscription
-
Issue Size
₹53.26 Cr
Lot Size
1200 Shares
Open
2026-08-24
Close
2026-08-27
Allotment
2026-08-28
Listing
2026-09-01

1. Madhur Knit Crafts Ltd IPO Details (SME) IPO Details

Madhur Knit Crafts Ltd IPO is a book-built SME issue of ₹27.00 crores. The issue consists entirely of a fresh issue of 27.00 lakh shares (27,00,000 equity shares), with no offer-for-sale (OFS) component.
The bidding for the IPO starts next Monday, Aug 24, 2026, and closes on Aug 27, 2026. The allotment is expected to be finalized on Aug 28, 2026. The company will list on the NSE SME platform, with a tentative listing date fixed as Sep 1, 2026.
The price band is set at ₹95–₹100 per share. The lot size for an application is 1,200 shares, but the minimum application for retail investors is 2 lots (2,400 shares), requiring a minimum investment of ₹2,40,000.

    Grey Market Premium

    Estimated listing gains (Live)

    ₹0
    NO PREMIUM
    Updated real-time from market sources

    Madhur Knit IPO Details

    IPO DateMon, Aug 24, 2026 to Thu, Aug 27, 2026
    Listing DateTue, Sep 1, 2026
    Face Value₹10 per share
    Price Band₹95 to ₹100
    Lot Size1,200 Shares
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtNSE SME
    Total Issue Size27,00,000 shares (agg. up to ₹27 Cr)
    Reserved for Market Maker1,36,000 shares (agg. up to ₹1 Cr)
    Fresh Issue (Ex Market Maker)25,64,000 shares (agg. up to ₹26 Cr)
    Net Offered to Public25,64,000 shares (agg. up to ₹26 Cr)
    Share Holding Pre Issue1,34,10,125 shares
    Share Holding Post Issue1,61,10,125 shares

    IPO Timetable (Tentative)

    EventDate
    IPO OpenMon, Aug 24, 2026
    IPO CloseThu, Aug 27, 2026
    AllotmentFri, Aug 28, 2026
    RefundMon, Aug 31, 2026
    Credit of SharesMon, Aug 31, 2026
    ListingTue, Sep 1, 2026

    Issue Reservation

    Investor CategoryShares Offered
    QIBNot more than 50% of the Net Issue
    RetailNot less than 35% of the Net Issue

    2. About Madhur Knit Crafts Ltd IPO Details (SME)

    Incorporated in August 1997 and headquartered in Ludhiana, Punjab, Madhur Knit Crafts Limited is an integrated textile manufacturer principally engaged in the production of home-furnishing products, knitted & crocheted fabrics, and specialized textiles (such as Sherpa fabric). Operating on an order-based and demand-driven model, the company delivers vertically integrated operations ranging from knitting and processing to finished home decor items for domestic and institutional clients.

    Track Record (Financial Highlights)

    • Financial Scale: Operational revenue grew by 58% from ₹108.41 Cr in FY24 to ₹171.76 Cr for the fiscal year ended March 31, 2025. For Q1 FY26 (ended June 30, 2025), total income stood at ₹65.23 Cr.
    • Profitability: Net profit (PAT) jumped 547% from ₹1.70 Cr in FY24 to ₹11.03 Cr in FY25. For Q1 FY26, PAT reached ₹3.02 Cr.
    • EBITDA & Net Worth: EBITDA rose to ₹23.28 Cr in FY25 from ₹8.04 Cr in FY24, while Net Worth expanded to ₹29.49 Cr.

    Madhur Knit Crafts Ltd IPO GMP

    As of August 18, 2026, the Grey Market Premium (GMP) is currently ₹0.
    Note: Early grey market tracking indicators are starting flat ahead of the bidding window opening next week.

    Madhur Knit Crafts Ltd IPO Allotment Status

    The allotment is scheduled to be finalized on August 28, 2026.
    Check Madhur Knit Crafts Allotment Status
    To check your status online once the issue closes, visit the assigned registrar tracking portal or monitor updates on the NSE SME platform:
    Skyline Financial Services IPO Status Portal
    You can verify your status via:
    • Registrar's website (Skyline Financial Services Private Limited)
    • NSE official SME tracking portal
    • Using your PAN number, Application ID, or DP ID/Client ID

    Strengths

    • Vertically Integrated Operations: In-house capabilities spanning knitting, fabric processing, and final product fabrication.
    • Established Industry Presence: Over two decades of operational experience in the textile hub of Ludhiana, Punjab.
    • Demand-Driven Model: Focus on order-based production minimizing inventory risks and optimizing working capital efficiency.

    Weaknesses

    • High Debt Profile: Total outstanding borrowings stood at ₹67.20 Cr as of FY25, carrying a Debt-to-Equity ratio of ~2.28.
    • Raw Material Price Volatility: Exposure to fluctuations in yarn and raw fabric prices, which could impact operational margins.
    • SME Platform Listing: SME platform listings typically involve lower trading liquidity compared to mainboard public offerings.

    How the Company Will Use IPO Money

    The fresh issue proceeds (₹27.00 Cr) will be utilized for:
    • Debt Repayment: Prepayment or repayment of a portion of certain outstanding company borrowings (₹17.40 Cr).
    • Working Capital Needs: Meeting operational working capital requirements (₹14.10 Cr).
    • Capital Expenditure: Funding capital expenditure for the purchase of solar panels (₹4.00 Cr).
    • General Corporate Purposes: General administrative expenses and issue overheads.

    Lead Manager & Registrar

    • Book Running Lead Manager: SKI Capital Services Ltd.
    • Registrar: Skyline Financial Services Pvt. Ltd.
    • Phone: +91-11-26812682
    • Email: ipo@skylinerta.com

    Frequently Asked Questions (Madhur Knit Crafts Ltd IPO Details)

    D
    Founder | India IPO Updates

    DIPAK DANGODARA

    I am the founder of India IPO Updates, a platform dedicated to tracking the Indian IPO market since 2024. With a background in digital research and data analysis, I built this platform to simplify IPO tracking covering issue details, live Grey Market Premium (GMP), subscription status, and allotment updates sourced from public exchange data and verified market sources.

    I am not an SEBI-registered investment advisor. All GMP and market data shared here is for informational purposes only and should not be considered investment advice. Investors are advised to consult a registered financial advisor before making investment decisions.