Listing Performance
▲ 0.00%
Issue Price
₹100
Listing Price
₹100
Listed On
01 Sep 2026
- Price Band
- ₹95 – ₹100
- Lot Size
- 1200
- Lot Value
- ₹1,20,000
- Open Date
- 24 Aug 2026
- Close Date
- 27 Aug 2026
- Min Investment
- ₹1,20,000
Madhur Knit Crafts — Live Stock Performance
About Madhur Knit Crafts
Madhur Knit Crafts is a textile manufacturing company engaged in the production of winter wear garments and fabrics. The company operates a manufacturing facility in Punjab and serves industrial enterprises, manufacturers, and institutional clients with customized textile solutions.
The company operates a made-to-order production model, manufacturing customized textile products for industrial enterprises and institutional clients, with revenue generated from product sales and logistics services.
Use of IPO Proceeds
Total allocation: ₹35.50 Cr (excludes issue expenses)
Promoters
Arun Gupta
Managing Director · age 59
40 Years of Experience in Working in Textile Industry.
Senior Secondary Education
Pre-issue: 34.26%
Piyush Gupta
Whole Time Director and Chief financial Officer · age 36
13 Years of Experience in Working in Textile Industry.
Bachelor of Commerce (Hons.)
Pre-issue: 17.05%
Chirag Gupta
Executive Director · age 32
6 Years of Experience in Working in Textile Industry.
Bachelor of Arts (Hons.)
Pre-issue: 19.92%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: NSE SME
Strengths (6)
- •Vertically integrated manufacturing with modern machinery enabling quality, scale and customization
- •Strategic Ludhiana location providing raw material access, skilled labor and logistics advantages
- •Order-based production model supporting efficient cash flow and working capital discipline
- •Experienced promoter group with trained operating teams and industry expertise
- •Diversified product portfolio across blankets, fabrics, technical textiles and garments
- •Reduced customer concentration at 34% indicating broadened and stable customer base
Risk Factors (6)
- •High geographical concentration of revenue from Punjab exposes company to regional economic risks
- •Issue price may not be indicative of market price; share price could decline below issue price
- •First public issue with no formal market history creates uncertainty about trading price and liquidity
- •Holders may be restricted in exercising pre-emptive rights, suffering dilution of ownership position
- •Changes in tax laws or regulations could significantly affect financial statements and operations
- •General market conditions and economic factors unrelated to company performance could affect share price
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
▲ Listed +0.0%Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations.
Pre-listing prediction: NEUTRAL
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,20,000 |
| Retail (max) | 1 | 1,200 | ₹1,20,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,40,000 |
| S-HNI (max) | 8 | 9,600 | ₹9,60,000 |
| B-HNI (min) | 9 | 10,800 | ₹10,80,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | — | — | — | 1.01x |
| sNII (S-HNI) | — | — | — | — |
| bNII (B-HNI) | — | — | — | — |
| Retail | — | — | — | 2.30x |
| Total | — | — | — | 1.47x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
2.30x
Allotment Ratio
1 lot per 3 applicants
Allotment Probability
~43.5%
Non-Institutional Investors (NII / HNI)
Subscription
0.77x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
1.01x
Allotment Type
Discretionary allotment
Total Subscription
1.47x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
IPO Timeline
Issue Opens
24 Aug 2026 · Mon
Issue Closes
27 Aug 2026 · Thu
Bidding Cut-off (UPI Mandate)
27 Aug 2026 · 5:00 PM IST
Allotment
28 Aug 2026 · Fri
Listing
01 Sep 2026 · Tue
Issue Opens
24 Aug 2026 · Mon
Issue Closes
27 Aug 2026 · Thu
Bidding Cut-off (UPI Mandate)
27 Aug 2026 · 5:00 PM IST
Allotment
28 Aug 2026 · Fri
Listing
01 Sep 2026 · Tue
IPO Details
| Registrar | Skyline Financial Services Private Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹53.27 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | SKI Capital Services Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 171.64 | 11.03 | 8.35 | — | 37.42% |
| FY24 | 108.38 | 1.7 | — | — | — |
| FY23 | 89.33 | 0.9 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 89.56 | 108.41 | 171.76 |
| EBITDA | 5.51 | 8.04 | 23.28 |
| Net Worth | 14.54 | 16.24 | 29.49 |
| Total Borrowings | 34.18 | 57.79 | 67.2 |
| Cash Flow — Operating | -0.05 | -5.97 | -1.77 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
12.0x
Price ÷ EPS
EPS (FY25)
₹8
Earnings per share
RoNW
37.42%
Return on net worth
ROCE
33.49%
as reported in filing
EBITDA margin
13.6%
EBITDA ÷ revenue
Price/NAV
4.48x
Price ÷ NAV (as reported)
Company Fundamentals
12 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹1.34 Cr |
| Equity Shares (Pre-Issue) | 1,34,10,125 |
| Equity Shares (Post-Issue) | — |
Source: Madhur Knit Crafts offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
- Arun Gupta(Promoter)+34.26%
- Chirag Gupta(Promoter)+19.92%
- Piyush Gupta(Promoter)+17.05%
- Nitasha Gupta(Promoter Group)+5.24%
- Sangeeta Gupta(Promoter Group)+13.11%
- Vani Gupta(Promoter Group)+1.02%
- Arun Gupta HUF(Promoter Group)+9.40%
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Madhur Knit Crafts's filing.
Source: Madhur Knit Crafts offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Madhur Knit Crafts offer document (DRHP/RHP).
Board & Management
Board of Directors (9)
- Arun Gupta
Managing Director
- Piyush Gupta
Whole Time Director
- Chirag Gupta
Whole Time Director
- Sanjay Kapoor
Independent Director
- Avinash Rai
Independent Director
- Gurpreet Kaur
Independent Director
Master's degree in Commerce from Punjab University, Doctorate in Philosophy from Himachal Pradesh University
Over 35 years of experience in higher education and institutional management
- Vani Gupta
Director
- Nitasha Gupta
Director
- Sangeeta Gupta
Director
Key Managerial Personnel (3)
- Piyush Gupta
Chief Financial Officer
- Nikita Tayal₹0.01 Cr p.a.
Company Secretary
Bachelor of Laws (L.L.B.), Company Secretary (ICSI, 2018), B.Com.
5 years, prior experience with Citygold Credit Capital Limited (NBFC) as Whole-time Company Secretary
- Arun Gupta
Chief Executive Officer
Source: Madhur Knit Crafts offer document (DRHP/RHP).
Industry & Market
Per PIB, a report commissioned by the company (not independent).
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Tax | Company | 4 | 0.047 |
| Tax | Directors | 1 | 0.003 |
| Statutory | Directors | 1 | — |
| Criminal | Group | 1 | 0.498 |
Madhur Knit Crafts has two pending criminal cases under Section 138 of the Negotiable Instruments Act for dishonoured cheques totaling approximately ₹32.85 lakhs, and one pending MSME recovery claim for ₹79.42 lakhs against M/s Pooja Wollen Industries.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Skyline Financial Services Private Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Madhur Knit Crafts IPO opening?
The Madhur Knit Crafts IPO opens on 24 Aug 2026 and closes on 27 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Madhur Knit Crafts IPO?
The price band for the Madhur Knit Crafts IPO is ₹95 to ₹100. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Madhur Knit Crafts IPO?
The minimum lot size is 1200 shares with a minimum investment of ₹1,20,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Madhur Knit Crafts IPO today?
The latest Grey Market Premium for Madhur Knit Crafts is ₹2 (+2.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the Madhur Knit Crafts IPO list on NSE and BSE?
The Madhur Knit Crafts IPO is expected to list on 01 Sep 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Madhur Knit Crafts IPO allotment status?
The registrar for this IPO is Skyline Financial Services Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Madhur Knit Crafts IPO a mainboard or SME issue?
Madhur Knit Crafts is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Madhur Knit Crafts IPO?
You can apply for the Madhur Knit Crafts IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of Madhur Knit Crafts IPO?
Based on the current GMP of ₹2, the expected listing price of Madhur Knit Crafts is ₹102 (issue price ₹100 + GMP ₹2). Note that GMP is unofficial grey market data and actual listing price may differ.
What is the allotment ratio for Madhur Knit Crafts IPO?
Based on the retail subscription of 2.30x, the estimated allotment ratio is 1 lot per 3 applicants (approximately 43.5% chance of allotment). This is an estimate and actual allotment may vary.
Should I subscribe to Madhur Knit Crafts IPO?
Based on our algorithmic analysis, Madhur Knit Crafts IPO is rated NEUTRAL with high confidence. Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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