Madhur Knit Crafts IPO
GMP, Subscription, Price, Dates & Financial Details
Textile
Madhur Knit Crafts Limited was incorporated on August 21, 1997 and operates in the textile and home-furnishing industry. The Company is principally engaged in the manufacturing of home-furnishing products, knitted fabrics, and crocheted fabrics, catering to both domestic and international…
Open Date
Mon, 24 Aug 2026
Close Date
Thu, 27 Aug 2026
Price Band
₹ 95 – 100
Lot Size
1200
Issue Size
₹ 53.27 Cr
Minimum Investment
₹ 240,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Madhur Knit Crafts IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹53.27 Crore, comprising a fresh issue of 53.27 Lakh equity shares aggregating to ₹53.27 Crore.
The Madhur Knit Crafts IPO remained open for subscription from August 24, 2026, to August 27, 2026. The basis of allotment was finalized on August 28, 2026, and the company's shares were listed on NSE SME Platform on September 01, 2026.
The company had fixed the price band at ₹95 to ₹100 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. SKI Capital Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Madhur Knit Crafts Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Madhur Knit Crafts IPO Timeline (Tentative)
- IPO Open Date
- Mon, 24 Aug 26
- IPO Close Date
- Thu, 27 Aug 26
- Basis of Allotment
- Fri, 28 Aug 26
- Initiation of Refunds
- Mon, 31 Aug 26
- Credit of Shares to Demat
- Mon, 31 Aug 26
- Listing Date
- Tue, 01 Sep 26 — NSE
Open Date
24 August 2026
Close Date
27 August 2026
Basis Of Allotment
28 August 2026
Listing Date
01 September 2026
IPO Subscription
Check Live Subscription →The Madhur Knit Crafts IPO has received bids for 73,87,200 shares against 47,58,000 shares offered, resulting in an overall subscription of 1.55x. the NII category is subscribed 0.86x, Retail Investors 2.3x, and QIBs 1.01x. Within the NII category, BNII is subscribed 0.89x, while SNII is subscribed 0.8x.
QIB
1.01x
NII
0.86x
BNII
0.89x
SNII
0.8x
RII
2.3x
Total
1.55x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,77,600 shares, representing 45.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 2,02,800 shares (4.01%), while Non-Institutional Investors (NIIs) receive 22,77,600 shares (45.01%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 302,400 | 5.98% |
| Qualified Institutions | 202,800 | 4.01% |
| Non-Institutional | 2,277,600 | 45.01% |
| BNII | 1,518,400 | 30.01% |
| SNII | 759,200 | 15% |
| Retail Investors | 2,277,600 | 45.01% |
| Total | 5,060,400 | 100% |
Financials Details(₹ in Crores)
| Particular | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 159.97 | 122.59 | 90.6 |
| Revenue | 194.79 | 171.76 | 108.41 |
| Profit After Tax | 12.35 | 11.03 | 1.7 |
| Net Worth | 43.61 | 29.49 | 16.24 |
| Reserve & Surplus | 29.93 | 18.76 | 6.54 |
| Total Borrowings | 73.54 | 67.2 | 57.79 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Madhur Knit Crafts Limited KPI Information
| Particular | Feb 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 28.33 | 37.42 | 10.49 |
| ROCE % | 31.11 | 33.49 | 13.09 |
| Debt / Equity | 1.69 | 2.28 | 3.56 |
| RoNW % | 28.33 | 37.42 | 10.49 |
| Pat Margin % | 6.34 | 6.43 | 1.57 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Madhur Knit Crafts Ltd | 10 | 0 | 8.51 | 8.51 | 37.42 | 22.31 |
| Kaytex Fabrics Ltd | 10 | 4.69 | 12.79 | 12.79 | 14.96 | 79.27 |
About Madhur Knit Crafts Limited
Madhur Knit Crafts Limited was incorporated on August 21, 1997 and operates in the textile and home-furnishing industry. The Company is principally engaged in the manufacturing of home-furnishing products, knitted fabrics, and crocheted fabrics, catering to both domestic and international markets.
The Company has developed a diversified product portfolio comprising acrylic blankets, woollen blankets, printed blankets, designer blankets, mink blankets, knitted fabrics, anti-pilling fabrics, Sherpa fabrics, and other related home-textile products. Blankets were the Company's first product line and marked the beginning of its commercial manufacturing operations.
Manufacturing Capabilities
Madhur Knit Crafts Limited operates a state-of-the-art manufacturing facility equipped with modern textile machinery sourced from Korea, Taiwan, and China. The facility supports an integrated range of textile manufacturing and finishing processes, including:
Knitting
Dyeing
Printing
Brushing
Polishing
Sueding
Stentering
This broad manufacturing capability enables the Company to produce and process different varieties of fabrics and finished home-textile products while catering to diverse customer requirements.
Product Portfolio
Anti-Pilling Fabric:
Anti-pilling fabric is specially engineered or treated to minimize the formation of small balls or fibres, commonly known as pills, on the surface of the fabric. These pills generally develop due to friction, repeated use, or washing. Anti-pilling fabrics offer improved appearance, durability, and surface quality.
Knitted Fabrics:
Knitted fabrics are flexible and breathable textiles produced by interlooping yarns. The Company manufactures knitted fabrics using circular and flat knitting machines, enabling the production of fabrics in different structures, textures, and specifications.
Sherpa Fabric:
Sherpa fabric is a soft, warm, and insulating textile designed to replicate the feel and appearance of natural sheepskin. It is widely used in blankets, winter apparel, home furnishings, and other cold-weather textile applications.
Blankets:
Blankets represent the Company's inaugural product category and have been an important part of its manufacturing operations since commencement. The Company's blanket portfolio includes acrylic, woollen, printed, designer, and mink blankets, catering to different market segments and consumer preferences.
Market Presence
The Company serves the domestic market through a network of dealers and also has an export presence, enabling it to cater to customers beyond India. Its diversified product range and manufacturing capabilities allow it to serve various segments of the home-textile and fabric markets.
Human Resources
As of August 31, 2025, Madhur Knit Crafts Limited had 174 employees, supporting its manufacturing, operational, administrative, sales, and other business functions.
Overall, Madhur Knit Crafts Limited has established itself as a manufacturer of knitted fabrics and home-furnishing textiles, with an extensive product range, integrated textile processing capabilities, modern machinery, domestic distribution network, and export operations.
Madhur Knit Crafts IPO Promoters
- Arun Gupta
- Piyush Gupta
- Chirag Gupta
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
71.57%
Madhur Knit Crafts IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
Funding capital expenditure for the purchase of Solar panel
Working Capital Requirement of the Company
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
General Corporate Purposes
Madhur Knit Crafts Limited Address / Contact Details
Madhur Knit Crafts Ltd.
Village - Seera,
Sattowal Road, Rahon Road,
Eros Bajra Road
Ludhiana, Punjab, 141007
Tel: +91 91 9878009690
Email: ipo@mkcpl.in
Website:https://www.mkcpl.in/
IPO Snapshot
Madhur Knit Crafts IPO Lot Size
The Madhur Knit Crafts IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,40,000 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,40,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 240,000.00 |
| Retail (Max) | 2 | 2,400 | 240,000.00 |
| S-HNI (Min) | 3 | 3,600 | 360,000.00 |
| S-HNI (Max) | 8 | 9,600 | 960,000.00 |
| B-HNI (Min) | 9 | 10,800 | 1,080,000.00 |
Issue Reservation
- Anchor Investors — 5.98%
- QIB — 4.01%
- NII — 45.01%
- RII — 45.01%
Book Running Lead Managers
- SKI Capital Services Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Madhur Knit Crafts IPO?
Madhur Knit Crafts IPO is a Book-building IPO with a total issue size of ₹53.27 crore. The Madhur Knit Crafts IPO price band is ₹95 to 100 per share. The Madhur Knit Crafts IPO subscription opens on Mon, Aug 24, 2026, and closes on Thu, Aug 27, 2026. The Madhur Knit Crafts IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Madhur Knit Crafts IPO.
When will the Madhur Knit Crafts IPO open for subscription?
The Madhur Knit Crafts IPO opens on Mon, Aug 24, 2026 and closes on Thu, Aug 27, 2026
What is Madhur Knit Crafts IPO Price Band?
Madhur Knit Crafts IPO Price Band is ₹95 to 100 per share.
What is Madhur Knit Crafts IPO Lot Size?
Madhur Knit Crafts IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Madhur Knit Crafts IPO?
The minimum investment for Madhur Knit Crafts IPO is ₹240000, based on one lot of 1200 shares at the upper price band of ₹100 per share.
How to apply for Madhur Knit Crafts IPO?
Investors can apply for the Madhur Knit Crafts IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 27, 2026. The application amount remains blocked until the Madhur Knit Crafts IPO allotment is finalized.
What is Madhur Knit Crafts IPO Issue Size?
Madhur Knit Crafts IPO issue size is ₹53.27 crores.
What is the Madhur Knit Crafts IPO Allotment Date?
Madhur Knit Crafts IPO allotment date is Fri, Aug 28, 2026.
Who is the Madhur Knit Crafts IPO Registrar?
The registrar for Madhur Knit Crafts IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Madhur Knit Crafts IPO allotment status, refund processing, and other IPO-related information.
What is the Madhur Knit Crafts IPO GMP?
The Madhur Knit Crafts IPO GMP (Grey Market Premium) is ₹2 as of Thu, Aug 27, 2026. Based on the upper price band of ₹100 per share, the estimated Madhur Knit Crafts IPO listing price is ₹102, indicating a potential listing gain of approximately 2.00% over the issue price.
Who is the Madhur Knit Crafts IPO Lead Manager?
The book-running lead managers (BRLMs) for the Madhur Knit Crafts IPO are SKI Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Madhur Knit Crafts IPO Red Herring Prospectus (RHP).