{"id":71692,"date":"2026-08-26T14:45:28","date_gmt":"2026-08-26T09:15:28","guid":{"rendered":"https:\/\/deccanexpress.co.in\/index.php\/2026\/08\/26\/madhur-knit-crafts-limiteds-ipo-opens-from-august-24-2026-to-august-27-2026-issue-price-band-fixed-at-rs-95-to-rs-100-per-equity-share\/"},"modified":"2026-08-26T14:45:28","modified_gmt":"2026-08-26T09:15:28","slug":"madhur-knit-crafts-limiteds-ipo-opens-from-august-24-2026-to-august-27-2026-issue-price-band-fixed-at-rs-95-to-rs-100-per-equity-share","status":"publish","type":"post","link":"https:\/\/deccanexpress.co.in\/index.php\/2026\/08\/26\/madhur-knit-crafts-limiteds-ipo-opens-from-august-24-2026-to-august-27-2026-issue-price-band-fixed-at-rs-95-to-rs-100-per-equity-share\/","title":{"rendered":"Madhur Knit Crafts Limited&#8217;s IPO Opens from August 24, 2026 to August 27, 2026; Issue Price Band Fixed at Rs. 95 to Rs. 100 Per Equity Share"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><em><strong>Fresh issue of 53.28 lakh equity shares to support working capital requirements, debt repayment and capital expenditure for solar panels<\/strong><\/em><\/p>\n<p class=\"wp-block-paragraph\"><strong>Ludhiana (Punjab) [India], August 21: <\/strong>Madhur Knit Crafts Limited (\u201cCompany\u201d), engaged in the business of manufacturing fabrics, blankets, winter textiles, garments and other textile products, announced the opening of its Initial Public Offering (IPO). The Issue will open for subscription on Monday, August 24, 2026 and will close on Thursday, August 27, 2026. The Company is proposed to be listed on the NSE Emerge platform. The Issue Price Band has been fixed at <strong>Rs. 95 to Rs. 100 per equity share<\/strong> and the total Issue Size is up to <strong>Rs. 53.28 crore<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Highlight :<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Eleven-month Period ended February 28, 2026 Total Income stood at <strong>Rs. 194.79 crore; PAT stood at Rs. 12.35 crore<\/strong><\/li>\n<li>IPO opens on <strong>August 24, 2026<\/strong> and closes on <strong>August 27, 2026<\/strong>; application lot size fixed at <strong>1,200 equity shares<\/strong><\/li>\n<li>Proceeds to support working capital requirements, repayment of outstanding borrowings and purchase of solar panels<\/li>\n<\/ul>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<th>Particulars<\/th>\n<th>Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Open<\/td>\n<td>August 24, 2026<\/td>\n<\/tr>\n<tr>\n<td>IPO Close<\/td>\n<td>August 27, 2026<\/td>\n<\/tr>\n<tr>\n<td>Issue Price<\/td>\n<td>Rs. 95 to Rs. 100 per equity share<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>Up to Rs. 53.28 crore<\/td>\n<\/tr>\n<tr>\n<td>Fresh Issue<\/td>\n<td>53,28,000 equity shares<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>1,200 equity shares (*Bids Can Be Made for A Minimum Of 2,400 Equity Shares and In Multiple Of 1,200 Equity Shares)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p class=\"wp-block-paragraph\">The IPO comprises a fresh issue of <strong>53,28,000 equity shares of face value Rs. 10 each<\/strong> through the book building issue. The application lot size is <strong>1,200 equity shares<\/strong>. The Issue includes a Market Maker Reservation of <strong>2,66,400 equity shares<\/strong>, while the Net Issue to the Public is <strong>50,60,400 equity shares<\/strong>. <strong>SKI Capital Services Ltd.<\/strong> is the Book Running Lead Manager to the Issue, while <strong>Skyline Financial Services Pvt. Ltd.<\/strong> is the Registrar to the Issue.<\/p>\n<p class=\"wp-block-paragraph\">The Company proposes to utilise <strong>Rs. 3.68 crore<\/strong> towards funding capital expenditure for the purchase of solar panels, <strong>Rs. 15.92 crore<\/strong> towards meeting the working capital requirements of the Company and <strong>Rs. 20.85 crore<\/strong> towards prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. Further, a portion of the Net Proceeds will be utilised towards general corporate purposes and offer related expenses.<\/p>\n<p class=\"wp-block-paragraph\">Commenting on the IPO, <strong>Mr. Arun Gupta, Managing Director, Madhur Knit Crafts Limited<\/strong>, said, <em>\u201cMadhur Knit Crafts has steadily evolved from its initial focus on blanket manufacturing into a diversified textile manufacturing company serving consumer, industrial and institutional requirements. Our integrated manufacturing capabilities across knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing enable us to maintain greater control over quality and production while catering to varied customer requirements. The proposed IPO marks an important milestone in this journey and will support our working capital needs, strengthen our financial position and enable us to invest further in our manufacturing capabilities. We remain focused on building on our established presence in the textile industry, expanding our product portfolio and creating a scalable platform for sustainable growth.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Manick Wadhwa, Director \u2013 Investment Banking of SKI Capital Services Limited<\/strong> said <em>&#8221; Madhur Knit Crafts Limited has demonstrated a strong growth trajectory, supported by its integrated manufacturing capabilities, diversified textile portfolio and experienced management team. The upcoming IPO marks an important milestone for the Company as it transitions into the public markets.<\/em><\/p>\n<p class=\"wp-block-paragraph\"><em>The proposed issue is expected to support the Company\u2019s working capital requirements and investment in solar power infrastructure, providing a foundation for its next phase of growth. We believe the listing will enhance the Company\u2019s visibility and provide a platform to pursue its long-term business objectives while maintaining its focus on operational efficiency and sustainable growth.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\">Madhur Knit Crafts Limited has demonstrated sustained financial performance, supported by its diversified textile product portfolio and integrated manufacturing capabilities. For the <strong>eleven-month period ended February 28, 2026<\/strong>, the Company reported total income of <strong>\u20b9194.79 crore<\/strong>, compared with <strong>\u20b9171.76 crore for FY2025<\/strong>. Profit after tax stood at <strong>\u20b912.35 crore<\/strong> for the eleven-month period, compared with <strong>\u20b911.03 crore in FY2025<\/strong>, while EBITDA was <strong>\u20b925.68 crore<\/strong>, compared with <strong>\u20b923.28 crore in FY2025<\/strong>. The February 2026 figures relate to an eleven-month interim period and are therefore not directly comparable with the full-year FY2025 figures.<\/p>\n<p class=\"wp-block-paragraph\">With the textile industry witnessing evolving consumer preferences and growing demand across consumer, industrial and institutional segments, Madhur Knit Crafts Limited is focused on strengthening its presence across its diversified product portfolio and expanding its manufacturing capabilities. The Company intends to leverage its integrated manufacturing infrastructure, established presence in the textile sector and product expertise to pursue emerging opportunities, drive sustainable growth and create long term value for its stakeholders.<\/p>\n<h3 class=\"wp-block-heading\">About Madhur Knit Crafts Limited<\/h3>\n<p class=\"wp-block-paragraph\">Incorporated in <strong>1997<\/strong>, Madhur Knit Crafts Limited is a Ludhiana-based textile manufacturing company engaged in the manufacture of fabrics, blankets, winter textiles, garments and other textile products. The Company operates an integrated yarn-to-cloth manufacturing model, with capabilities spanning knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing. Its product portfolio caters to apparel, home-textile and industrial applications, with a focus on delivering quality textile solutions and responding to evolving market requirements and fashion trends. The Company\u2019s manufacturing facility is located in <strong>Ludhiana, Punjab<\/strong>, a prominent textile hub, and is equipped with modern textile machinery and integrated production capabilities. Madhur Knit Crafts Limited is focused on expanding its product portfolio, strengthening its manufacturing capabilities and building a scalable presence in the domestic textile market.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong> Initial Public Offer of Equity Shares on the Small and Medium Enterprises platform of National Stock Exchange of India (\u201cNSE EMERGE\u201d) in compliance with the provisions of Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (\u201cSEBI (ICDR) Regulations\u201d).<\/p>\n<p class=\"wp-block-paragraph\"><em>\u201cIt is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Offer Document. Investors are advised to refer to the Offer Document for the full text of the \u2018Disclaimer Clause of NSE\u2019.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\">This document has been prepared for information purposes only. All investors are requested to refer to the Prospectus filed on <a href=\"http:\/\/www.nseindia.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>www.nseindia.com<\/strong><\/a><strong>,<\/strong> <a href=\"http:\/\/www.skicapital.net\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>www.skicapital.net<\/strong><\/a> <strong>and<\/strong> <a href=\"http:\/\/www.mkcpl.in\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>www.mkcpl.in<\/strong><\/a> for further information and details of the risk factors before investing.<\/p>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fresh issue of 53.28 lakh equity shares to support working capital requirements, debt repayment and capital expenditure for solar panels Ludhiana (Punjab) [India], August 21: Madhur Knit Crafts Limited (\u201cCompany\u201d), engaged in the business of manufacturing fabrics, blankets, winter textiles, garments and other textile products, announced the opening of its Initial Public Offering (IPO). The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":71691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sb_editor_width":"","footnotes":""},"categories":[20],"tags":[],"class_list":["post-71692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"relative_dates":{"created":"24 minutes ago","modified":"24 minutes ago"},"_links":{"self":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/71692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=71692"}],"version-history":[{"count":0,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/71692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/media\/71691"}],"wp:attachment":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=71692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=71692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=71692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}