Madhur Knit Crafts IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,40,000
2 lots · 2,400 shares at the upper price band
Price band
₹100
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹50.6 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹100
- Issue size
- ₹50.6 Cr
- Lot size
- 1,200
- Opens
- 24 Aug 2026
- Closes
- 27 Aug 2026
- Allotment
- 28 Aug 2026
- Listing
- 1 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Minimum investment
- ₹2,40,000 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- NSE SME
- Refunds
- 31 Aug 2026
- Shares credited
- 31 Aug 2026
- Promoter holding
- 98.01% before · 70.55% after
- Lead managers
- SKI Capital Services Ltd.
Offer documents & links
Subscription by category
As of 27 Aug 2026, 1:24 pm.
Total subscription
1.41x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:59 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 24 to 27 Aug, 2026 |
|---|---|
| Listed on | Tue, Sep 1, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 53,26,800 shares (agg. up to ₹ 53 Cr) |
|---|---|
| Reserved for Market Maker | 2,66,400 shares (agg. up to ₹ 3 Cr) NNM Securities Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 50,60,400 shares (agg. up to ₹ 51 Cr) |
| Net Offered to Public | 50,60,400 shares (agg. up to ₹ 51 Cr) |
| Share Holding Pre Issue | 1,36,82,432 shares |
| Share Holding Post Issue | 1,90,09,232 shares |
| NSE Symbol | MADHURKNIT |
| ISIN | INE1P5601010 |
IPO Timetable
- IPO Open
- Mon, Aug 24, 2026
- IPO Close
- Thu, Aug 27, 2026
- Allotment
- Fri, Aug 28, 2026
- Refund
- Mon, Aug 31, 2026
- Credit of Shares
- Mon, Aug 31, 2026
- Listing
- Tue, Sep 1, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 5,05,200 | 9.98% | 9.48% |
| − Anchor Investor | 3,02,400 | — | 5.68% |
| − QIB (Ex. Anchor) | 2,02,800 | — | 3.81% |
| NII (HNI) | 22,77,600 | 45.01% | 42.76% |
| − bNII > ₹10L | 15,18,000 | — | 28.50% |
| − sNII < ₹10L | 7,59,600 | — | 14.26% |
| Retail | 22,77,600 | 45.01% | 42.76% |
| Firm Reservations | |||
| Market Maker | 2,66,400 | — | 5.00% |
| Total | 53,26,800 | 100.00% | 100.00% |
Madhur Knit IPO comprises a total issue size of 53,26,800 shares. The net offer to the public is 50,60,400 shares, after excluding 2,66,400 shares allotted on a firm basis. Of the Net offer 5,05,200 (9.98%) are allocated to QIB , 22,77,600 (45.01%) allocated to NII 22,77,600 (45.01%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,40,000 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,60,000 |
| S-HNI (Max) | 8 | 9600 | ₹9,60,000 |
| B-HNI (Min) | 9 | 10800 | ₹10,80,000 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Fri, Aug 21, 2026 |
|---|---|
| Shares Offered | 3,02,400 |
| Anchor Portion (₹ Cr.) | 3.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 27, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 26, 2026 |
Madhur Knit IPO raises ₹ 3.02 crore from anchor investors . Madhur Knit IPO Anchor bid date is August 21, 2026 .
IPO Anchor Investors List
About Madhur Knit Crafts Ltd.
Incorporated in August 1997, Madhur Knit Crafts Limited is a textile manufacturing company engaged in the production of fabrics, blankets, winter textiles, garments and other textile products. The Company commenced commercial operations in 2013 with a focus on manufacturing blankets and has since diversified its product portfolio to cater to consumer, industrial and institutional textile requirements.
The Company operates an integrated yarn-to-cloth manufacturing model, undertaking processes including knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing. Its manufacturing facility is located in Ludhiana, Punjab, a well-established textile hub, providing access to raw materials, suppliers, logistics services and distribution networks. The facility is equipped with modern textile machinery sourced from Korea, Taiwan and China and is supported by an in-house Effluent Treatment Plant. The Company is also ISO 9001:2015 certified for its quality management system.
Madhur Knit Crafts follows a made-to-order production model, manufacturing products primarily against confirmed customer orders. Its products are marketed through wholesalers, distributors, retailers, institutional buyers and direct customer relationships across India. The Company also undertakes job work services, including dyeing, knitting and finishing, for third-party textile companies.
As of February 28, 2026, the Company had 177 employees, including Directors and Key Managerial Personnel, across finance and accounts, administration and HR, sales and marketing, production, quality control, stores, engineering and maintenance functions.
Strengths
Vertically integrated manufacturing operations
Advanced machinery and manufacturing infrastructure
Strategic location in Ludhiana's textile hub
Diversified product portfolio
Order-based and demand-driven production model
Robust supplier and distribution network
Emphasis on quality assurance and customization
Company Financials (Restated)
| Period Ended | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 159.97 | 122.59 | 90.60 |
| Total Income | 194.79 | 171.76 | 108.41 |
| Profit After Tax | 12.35 | 11.03 | 1.70 |
| EBITDA | 25.67 | 23.28 | 8.04 |
| NET Worth | 43.61 | 29.49 | 16.24 |
| Reserves and Surplus | 29.93 | 18.76 | 6.54 |
| Total Borrowing | 73.54 | 67.20 | 57.79 |
| Amount in ₹ Crore |
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View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the purchase of Solar panel. | 3.68 |
| 2 | Working Capital Requirement of the Company. | 15.92 |
| 3 | Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company | 20.85 |
| 4 | General Corporate Purposes | 7.90 |
| 5 | Issue Expenses | 4.93 |
| Total | 53.27 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Feb 28, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 28.33% | 37.42% |
| ROCE | 31.11% | 33.49% |
| Debt/Equity | 1.69 | 2.28 |
| RoNW | 28.33% | 37.42% |
| PAT Margin | 6.34% | 6.43% |
| EBITDA Margin | 13.19% | 13.56% |
| NAV | 32.47 | 22.75 |
| Price to Book Value | 3.08 | 4.40 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.23 | 7.19 |
| P/E (x) | 12.15 | 13.91 |
| Market Cap at Offer Price | ₹134Cr. | ₹180.59 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of February 28, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 98.01% | 70.55% |
| Public | 1.99% | 29.45% |
| Total | 100% | 100% |
Company Promoters: Arun Gupta, Piyush Gupta and Chirag Gupta.
Madhur Knit IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 1 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.01 | 2,02,800 | 2,04,000 | 2 |
| NII * | 0.74 | 22,77,600 | 16,87,200 | 0 |
| bNII (> ₹10L) | 0.86 | 12,52,000 | 10,82,400 | — |
| sNII (< ₹10L) | 0.80 | 7,59,200 | 6,04,800 | — |
| Individual Investor | 2.30 | 22,77,600 | 52,41,600 | 2,184 |
| Total | 1.50 | 47,58,000 | 71,32,800 | 2,393 |
The Madhur Knit IPO is subscribed 1.50 times on August 27, 2026 6:54:59 PM (Day 4). The public issue subscribed 2.30 times in the individual investors category, 1.01 times in the QIB category, and 0.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 2,393
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission, advisors and other experts | 4.21 |
| 2 | Brokerage, selling commission and upload fees | 0.05 |
| 3 | Registrars to the Issue | 0.01 |
| 4 | Legal Advisors | 0.12 |
| 5 | Peer Review Auditor | 0.20 |
| 6 | Advertising and marketing expenses | 0.08 |
| 7 | Regulators including stock exchanges | 0.08 |
| 8 | Printing and distribution of issue stationary | 0.01 |
| 9 | Others, if any include Bankers to the Issue, Depository, certifications, miscellaneous, etc | 0.15 |
| Total | 4.93 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹ 100.00 |
| Open | ₹ 100.00 |
| Low | ₹ 95.00 |
| High | ₹ 100.00 |
| Last Trade | ₹ 95.00 |
Check IPO Performance…
IPO Registrar
Skyline Financial Services Pvt.Ltd.
011-26812682
ipo@skylinerta.com
IPO Lead Manager(s)
SKI Capital Services Ltd.
Contact Details
Madhur Knit Crafts Ltd. Address
Village - Seera,
Sattowal Road, Rahon Road,
Eros Bajra Road
Ludhiana, Punjab , 141007
9878009690
ipo@mkcpl.in
Madhur Knit Crafts IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Madhur Knit Crafts IPO Listing Today: Check Share Price
Univest · 2 Sept 2026
NSE SME Madhur Knit Crafts starts on a frayed note
Business Standard · 1 Sept 2026
Madhur Knit Crafts IPO Day 3 Live: Retail crosses 1x, QIBs fully subscribed - Check analysts view and more
scanx.trade · 28 Aug 2026
Madhur Knit Crafts IPO Allotment Status: Check Online
HDFC Sky · 28 Aug 2026
