Madhur Knit Crafts IPO is a book-built SME public issue of Madhur Knit Crafts Limited. The company is engaged in textile manufacturing and offers fabrics, blankets, winter fabrics, home-furnishing products and technical textile fabrics. The company was established in 1997 and operates from Ludhiana, Punjab.
The IPO opened for subscription on August 24, 2026, and is scheduled to close on August 27, 2026. The price band is ₹95 to ₹100 per equity share, and the shares are proposed to list on the NSE SME platform on September 1, 2026.
The latest issue information available for the IPO indicates a fresh issue of 53,26,800 equity shares aggregating to approximately ₹53.27 crore at the upper price band. Earlier draft documents contained different proposed issue parameters; therefore, the current issue figures have been used for this page.
Madhur Knit Crafts has developed an integrated textile manufacturing operation with capabilities across yarn-to-fabric production, pile fabrics, blankets and other textile products. Its official website highlights product development, production efficiency, quality control and faster delivery as important areas of its business model.
Madhur Knit Crafts IPO Details
| Information | Details |
|---|---|
| IPO Name | Madhur Knit Crafts IPO |
| Company Name | Madhur Knit Crafts Limited |
| IPO Type | Book Building Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹95 to ₹100 Per Share |
| Issue Price | ₹100 Per Share |
| Issue Size | Approx. ₹53.27 Crore |
| Fresh Issue | 53,26,800 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Basis of Allotment | 28 August 2026 |
| Refund Date | 31 August 2026 |
| Demat Credit | 31 August 2026 |
| Listing Date | 1 September 2026 |
| Listing Exchange | NSE SME |
| Market Lot | 1,200 Shares |
| Retail Minimum Application | 2 Lots / 2,400 Shares |
| Minimum Retail Investment | ₹2,40,000 |
| Lead Manager | SKI Capital Services Limited |
| Registrar | Skyline Financial Services Private Limited |
The issue consists of fresh equity shares, meaning the funds raised are intended to be received by the company rather than existing shareholders through an offer for sale.
Madhur Knit Crafts IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 24 August 2026 |
| IPO Closing Date | 27 August 2026 |
| Basis of Allotment | 28 August 2026 |
| Refund Initiation | 31 August 2026 |
| Shares Credited to Demat | 31 August 2026 |
| Listing Date | 1 September 2026 |
The IPO timetable shows allotment finalisation on August 28, followed by refund and demat-credit activities on August 31 and the proposed NSE SME listing on September 1.
Madhur Knit Crafts IPO Reservation
The current issue structure provides reservations for qualified institutional buyers, non-institutional investors, retail investors and the market-maker portion.
| Investor Category | Shares Offered | Approx. Allocation |
|---|---|---|
| QIB | 5,05,200 | 9.48% |
| NII | 22,77,600 | 42.76% |
| Retail Investors | 22,77,600 | 42.76% |
| Market Maker | 2,66,400 | 5.00% |
| Total | 53,26,800 | 100% |
The reservation figures correspond to the current issue size of 53,26,800 shares.
Madhur Knit Crafts IPO Lot Size
The market lot is 1,200 shares. At the upper price band of ₹100, one lot requires ₹1,20,000. Retail investors are required to apply for two lots, making the minimum retail application 2,400 shares or ₹2,40,000.
| Application | Lots | Shares | Amount at ₹100 |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2,400 Shares | ₹2,40,000 |
| Retail Maximum | 2 Lots | 2,400 Shares | ₹2,40,000 |
| S-HNI Minimum | 3 Lots | 3,600 Shares | ₹3,60,000 |
| S-HNI Maximum | 8 Lots | 9,600 Shares | ₹9,60,000 |
| B-HNI Minimum | 9 Lots | 10,800 Shares | ₹10,80,000 |
The lot size and application amounts are based on the current ₹95–₹100 price band and 1,200-share market lot.
About Madhur Knit Crafts Limited
Madhur Knit Crafts Limited is a textile manufacturing company established in 1997. The company is based in Ludhiana, Punjab, one of India’s important textile and hosiery manufacturing centres.
The company manufactures and supplies a variety of textile products, including summer fabrics, winter fabrics, home-furnishing products and technical textile fabrics. It also provides processing services.
Its official website describes an integrated production model that covers yarn-to-fabric operations and highlights specialised pile-fabric capabilities. The company also focuses on shorter lead times and product development to respond to changing fashion and textile requirements.
Madhur Knit Crafts operates a manufacturing facility with textile-production and quality-control infrastructure. The company states that its production processes are designed to meet textile standards for fashion, home-textile and industrial applications.
Madhur Knit Crafts Business Operations
The company’s business activities cover several areas of textile manufacturing and processing.
- Summer Fabrics: Production of fabrics suitable for warm-weather applications.
- Winter Fabrics: Manufacturing of fabrics designed for winter and cold-weather products.
- Home Furnishing: Textile products used in home-furnishing applications.
- Technical Textiles: Fabrics intended for specialised industrial and technical applications.
- Blankets: Manufacturing of blankets and related textile products.
- Pile Fabrics: Specialised production of pile fabrics.
- Garments: Textile products and garment-related manufacturing.
- Processing Services: Textile processing capabilities supporting production requirements.
- Integrated Production: Yarn-to-fabric production capabilities.
- Quality Control: Quality checks throughout manufacturing and production processes.
The company says its product range and manufacturing capabilities allow it to serve different textile applications and customer requirements.
Madhur Knit Crafts Manufacturing Facility
Madhur Knit Crafts operates a manufacturing facility in Ludhiana, Punjab. Its official website describes the facility as using modern manufacturing processes and quality-control systems.
The company aims to combine technology, product innovation and manufacturing efficiency in its operations. It also highlights sustainability and responsible sourcing as part of its broader manufacturing approach.
Its integrated production model is intended to provide greater control over manufacturing processes and product quality. This can be particularly relevant in the textile industry, where consistency, delivery timelines and product specifications are important factors for customers.
Textile Industry Overview
India has a large and diversified textile industry covering fibres, yarn, fabrics, garments, home textiles and technical textiles.
The industry serves both domestic and international markets and includes manufacturers of different sizes and specialisations. Demand is influenced by consumer spending, fashion trends, export markets, raw-material prices and industrial requirements.
Textile manufacturers also face challenges from fluctuations in cotton, yarn and other raw-material prices. Changes in global demand, exchange rates, freight costs and international competition can affect profitability.
Companies with diversified product offerings, efficient manufacturing processes and established customer relationships can potentially manage some of these challenges more effectively.
At the same time, textile manufacturing remains competitive. Businesses need to invest in machinery, production technology, quality systems and product development to remain competitive.
Madhur Knit Crafts Business Strategy
The IPO proceeds are proposed to be used for capital expenditure, working capital, repayment or prepayment of borrowings and general corporate purposes.
The company has specifically identified the purchase of solar panels as one of the capital-expenditure objectives. It also plans to deploy a substantial portion of the proceeds toward working capital and repayment or prepayment of outstanding borrowings.
The planned solar-panel investment is aligned with the company’s manufacturing operations and could help reduce dependence on conventional electricity sources over time.
Working capital is important for textile manufacturers because funds are required for raw materials, inventory, production, receivables and day-to-day operating expenses.
Debt repayment can also help strengthen the balance sheet if the company uses the proceeds to reduce outstanding borrowings and associated finance costs.
Madhur Knit Crafts IPO Financial Information
Madhur Knit Crafts reported significant growth in revenue and profitability in FY2025 compared with FY2024.
Revenue increased from ₹108.41 crore in FY2024 to ₹171.76 crore in FY2025. Profit after tax increased from ₹1.70 crore in FY2024 to ₹11.03 crore in FY2025.
The company subsequently reported FY2026 key performance indicators, including EPS of ₹8.23, ROE of 28.33%, ROCE of 31.11% and an EBITDA margin of 13.19%.
Madhur Knit Crafts Financial Summary
| Particulars | FY2024 | FY2025 |
|---|---|---|
| Revenue | ₹108.41 Crore | ₹171.76 Crore |
| Profit After Tax | ₹1.70 Crore | ₹11.03 Crore |
The available reported figures show substantial year-on-year improvement in revenue and profit between FY2024 and FY2025.
Madhur Knit Crafts IPO Key Performance Indicators
| KPI | FY2026 |
|---|---|
| EPS | ₹8.23 |
| ROE | 28.33% |
| ROCE | 31.11% |
| RoNW | 28.33% |
| Debt-to-Equity | 1.69x |
| EBITDA Margin | 13.19% |
| PAT Margin | 6.34% |
| Net Asset Value | ₹32.47 |
| Price-to-Book Value | 3.08x |
| Market Capitalisation at Upper Price | ₹187.37 Crore |
The FY2026 indicators show positive returns on equity and capital, while the debt-to-equity ratio of 1.69x indicates that leverage remains an important factor for investors to assess.
Madhur Knit Crafts IPO Valuation
The IPO price band is ₹95 to ₹100 per share. At the upper price band, the reported market capitalisation is approximately ₹187.37 crore.
Based on the reported FY2026 EPS of ₹8.23, the implied P/E at ₹100 is approximately 12.15x. The reported NAV is ₹32.47 per share, resulting in a price-to-book value of approximately 3.08x.
| Particular | Details |
|---|---|
| Price Band | ₹95 – ₹100 |
| Upper Issue Price | ₹100 |
| Face Value | ₹10 |
| FY2026 EPS | ₹8.23 |
| FY2026 NAV | ₹32.47 |
| P/E Ratio | 12.15x |
| ROE | 28.33% |
| ROCE | 31.11% |
| EBITDA Margin | 13.19% |
| PAT Margin | 6.34% |
| Debt-to-Equity | 1.69x |
| P/BV | 3.08x |
| Market Capitalisation | Approx. ₹187.37 Crore |
Investors should assess these valuation ratios together with the company’s future earnings prospects, textile-industry conditions, debt position and operating risks.
Objects of the Madhur Knit Crafts IPO
The IPO proceeds are intended for multiple purposes.
| Purpose | Estimated Amount |
|---|---|
| Purchase of Solar Panels | ₹3.68 Crore |
| Working Capital Requirements | ₹15.92 Crore |
| Repayment / Prepayment of Certain Borrowings | ₹20.85 Crore |
| General Corporate Purposes | As specified |
| Total Identified Amount | ₹40.45 Crore |
The largest identified use is repayment or prepayment of borrowings, followed by working-capital requirements and solar-panel capital expenditure.
Madhur Knit Crafts IPO GMP
Grey Market Premium is an unofficial market indicator and is not regulated by the stock exchanges. It should not be considered a guaranteed indication of the actual listing price.
As of August 25, 2026, a confirmed numerical GMP was not available. Therefore, no unsupported GMP value has been inserted into the article.
| Date | GMP |
|---|---|
| 19 August 2026 | Not Available |
| 20 August 2026 | Not Available |
| 21 August 2026 | Not Available |
| 22 August 2026 | Not Available |
| 24 August 2026 | Not Available |
| 25 August 2026 | Not Available |
The absence of a verified GMP figure is preferable to publishing an unconfirmed premium, particularly while the IPO remains open.
Madhur Knit Crafts IPO Subscription Status
Madhur Knit Crafts IPO is currently open for subscription and the final subscription figure is not yet available.
As of August 25, 2026, at 5:00 PM IST, the issue had received approximately 0.44 times overall subscription. The final subscription figure will be available after the issue closes on August 27.
| Investor Category | Subscription Status |
|---|---|
| QIB | To be confirmed |
| NII | To be confirmed |
| Retail | To be confirmed |
| Total | 0.44x* |
*Interim overall subscription figure reported as of August 25, 2026, at 5:00 PM IST.
Madhur Knit Crafts IPO Day-Wise Subscription
| Day | Subscription Status |
|---|---|
| Day 1 | Interim data |
| Day 2 | 0.44x overall* |
| Day 3 | To be updated |
| Day 4 | Final figure to be confirmed |
*The 0.44x figure is an interim overall subscription figure as of August 25, 2026, at 5:00 PM IST. The IPO closes on August 27, 2026.
Madhur Knit Crafts IPO Listing Performance
Madhur Knit Crafts shares are scheduled to list on the NSE SME platform on September 1, 2026.
Because the IPO has not yet closed, the actual listing price and listing gain cannot be stated as confirmed figures.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 1 September 2026 |
| Issue Price | ₹100 Per Share |
| Listing Price | To be confirmed |
| Listing Gain | To be confirmed |
| Listing Gain (%) | To be confirmed |
The actual listing price will be determined by market trading on the listing date.
Madhur Knit Crafts IPO Review
Madhur Knit Crafts has an established presence in the textile industry, having been incorporated in 1997. The company manufactures a diversified range of fabrics and textile products and has developed integrated manufacturing capabilities.
One of the company’s key positives is its diversified product portfolio. Its activities include summer fabrics, winter fabrics, home furnishing, technical textiles and processing services. The company also highlights pile-fabric expertise and integrated yarn-to-fabric production.
The financial performance also showed considerable improvement. Revenue increased from ₹108.41 crore in FY2024 to ₹171.76 crore in FY2025, while profit after tax increased from ₹1.70 crore to ₹11.03 crore.
The reported FY2026 indicators show ROE of 28.33% and ROCE of 31.11%. The EBITDA margin stood at 13.19%, while the PAT margin was 6.34%.
The proposed use of IPO funds is another important factor. The company intends to use proceeds for debt repayment, working capital and solar-panel capital expenditure. Reducing borrowings could improve the company’s financial position if the funds are deployed as planned.
However, investors should also consider the company’s debt-to-equity ratio of 1.69x. Textile manufacturing can be working-capital intensive, and fluctuations in raw-material prices, inventory levels and customer receivables can affect cash flows.
The company is also exposed to the cyclical nature of textile demand. Changes in fashion trends, domestic demand, export conditions and competition can influence sales and margins.
Another factor is competition. Textile manufacturing is a competitive industry where companies need to continuously improve product quality, manufacturing efficiency, product design and delivery capabilities.
At the upper price band of ₹100, the reported FY2026 P/E is approximately 12.15x. Investors should determine whether the company’s earnings growth and future business prospects justify the valuation while considering leverage and industry risks.
Overall, Madhur Knit Crafts combines an established textile business, diversified product capabilities and improved recent financial performance. At the same time, investors should carefully evaluate debt levels, working-capital requirements, raw-material price volatility, competition and the sustainability of recent earnings growth.
Madhur Knit Crafts IPO Strengths
- Established textile business dating back to 1997.
- Integrated textile manufacturing capabilities.
- Diversified range of textile products.
- Manufactures summer and winter fabrics.
- Presence in home-furnishing textiles.
- Technical textile product capabilities.
- Specialised pile-fabric expertise.
- Yarn-to-fabric production capabilities.
- Manufacturing facility located in Ludhiana, Punjab.
- Focus on quality-control processes.
- Focus on product innovation and faster delivery.
- Revenue increased from ₹108.41 crore in FY2024 to ₹171.76 crore in FY2025.
- PAT increased from ₹1.70 crore to ₹11.03 crore during the same period.
- FY2026 ROE reported at 28.33%.
- FY2026 ROCE reported at 31.11%.
- IPO proceeds include a substantial debt-repayment component.
- IPO proceeds include working-capital funding.
- Proposed solar-panel investment may support energy-related efficiency.
Madhur Knit Crafts IPO Risk Factors
- Textile manufacturing is highly competitive.
- Raw-material prices can fluctuate.
- Changes in cotton, yarn and other input costs can affect margins.
- Demand can be influenced by fashion and consumer trends.
- Export-market conditions can affect textile businesses.
- Working-capital requirements can be significant.
- Debt-to-equity ratio was reported at 1.69x.
- Inventory levels can affect cash flows.
- Dependence on manufacturing efficiency and production capacity.
- Changes in global textile demand can affect business performance.
- Competition from domestic and international manufacturers.
- The company’s recent earnings growth may not continue at the same rate.
- Textile businesses require continuous investment in machinery and technology.
- SME-listed shares can experience higher volatility and lower liquidity.
- Any delay in deploying IPO proceeds could affect expected benefits.
- Investors should independently evaluate the sustainability of the company’s financial performance.
Madhur Knit Crafts IPO Promoters
The promoters of Madhur Knit Crafts Limited are Arun Gupta, Piyush Gupta and Chirag Gupta.
| Promoter | Status |
|---|---|
| Arun Gupta | Promoter |
| Piyush Gupta | Promoter |
| Chirag Gupta | Promoter |
The promoters have been associated with the company’s management and business operations.
Madhur Knit Crafts IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Manager | SKI Capital Services Limited |
| Role | Book Running Lead Manager |
| Listing Exchange | NSE SME |
SKI Capital Services Limited is identified as the book-running lead manager for the current issue.
Madhur Knit Crafts IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar | Skyline Financial Services Private Limited |
| Role | Registrar to the Issue |
Skyline Financial Services Private Limited is identified as the registrar for the IPO.
Madhur Knit Crafts Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Madhur Knit Crafts Limited |
| CIN | U17301PB1997PLC020381 |
| Registered Office | Village Seerha, Satowal Road, Near Meharban Police Station, Rahon Road, Ludhiana, Punjab – 141008 |
| Phone | +91 92168 96909 |
| [email protected] | |
| IPO Email | [email protected] |
| Website | www.mkcpl.in |
The company’s official website provides its contact information and describes the business as a textile and fashion manufacturer established in 1997.
How to Check Madhur Knit Crafts IPO Allotment Status
Investors can check the allotment status after the basis of allotment is finalised.
The allotment is scheduled for August 28, 2026.
Through Skyline Financial Services
- Open the IPO allotment-status facility.
- Select Madhur Knit Crafts Limited.
- Select the applicable identification option.
- Enter the PAN or application details.
- Complete the required verification.
- Submit the details to check the allotment status.
Through NSE
Investors can also use the applicable NSE IPO application-status facility after allotment information becomes available.
The current schedule provides for refunds and demat credit on August 31, followed by the proposed NSE SME listing on September 1, 2026.
Madhur Knit Crafts IPO Conclusion
Madhur Knit Crafts IPO is a book-built SME public issue of approximately ₹53.27 crore comprising 53,26,800 fresh equity shares. The price band is ₹95 to ₹100 per share, with a market lot of 1,200 shares.
The company has operated in the textile industry since 1997 and offers a diversified range of fabrics, blankets, home-furnishing products, technical textiles and processing services. Its official website highlights integrated production, pile-fabric expertise, quality and faster delivery.
The company’s reported financial performance improved significantly between FY2024 and FY2025. Revenue increased from ₹108.41 crore to ₹171.76 crore, while PAT rose from ₹1.70 crore to ₹11.03 crore.
The reported FY2026 indicators include ROE of 28.33%, ROCE of 31.11%, EBITDA margin of 13.19% and a debt-to-equity ratio of 1.69x. These figures indicate both profitability and leverage that investors should consider when evaluating the issue.
The IPO proceeds are intended for solar-panel capital expenditure, working capital, repayment or prepayment of borrowings and general corporate purposes. Debt repayment represents the largest identified use of proceeds.
The IPO is scheduled to close on August 27, 2026, with allotment on August 28 and listing on the NSE SME platform on September 1. Since the issue is still open, final subscription figures and actual listing performance cannot yet be confirmed.
For investors evaluating the IPO, the main factors to monitor are revenue and profit sustainability, raw-material costs, working-capital management, debt reduction, textile-market demand, competition and the company’s ability to maintain efficient manufacturing operations.
Madhur Knit Crafts IPO FAQs
What is Madhur Knit Crafts IPO?
Madhur Knit Crafts IPO is a book-built SME public issue of Madhur Knit Crafts Limited comprising 53,26,800 fresh equity shares.
What is the Madhur Knit Crafts IPO price?
The Madhur Knit Crafts IPO price band is ₹95 to ₹100 per equity share.
What is the Madhur Knit Crafts IPO issue size?
The current issue size is approximately ₹53.27 crore, comprising 53,26,800 fresh equity shares.
What is the Madhur Knit Crafts IPO lot size?
The market lot is 1,200 shares. Retail investors need to apply for two lots, or 2,400 shares, requiring ₹2,40,000 at the upper price band.
When is the Madhur Knit Crafts IPO allotment date?
The basis of allotment is scheduled for August 28, 2026.
When is the Madhur Knit Crafts IPO listing date?
Madhur Knit Crafts shares are scheduled to list on the NSE SME platform on September 1, 2026.
What is the Madhur Knit Crafts IPO subscription status?
As of August 25, 2026, at 5:00 PM IST, the reported overall subscription was 0.44x. The final subscription figure will be available after the IPO closes.
What is the Madhur Knit Crafts IPO GMP?
A reliable numerical GMP was not available as of August 25, 2026. GMP is unofficial and should not be treated as a guaranteed listing-price indicator.
What does Madhur Knit Crafts Limited do?
Madhur Knit Crafts manufactures and supplies textile products including summer fabrics, winter fabrics, home-furnishing products and technical textile fabrics. The company also has pile-fabric and integrated yarn-to-fabric production capabilities.
Who are the promoters of Madhur Knit Crafts?
The promoters of Madhur Knit Crafts Limited are Arun Gupta, Piyush Gupta and Chirag Gupta.
