Madhur Knit Crafts Ltd IPO
Textiles
Price Band
₹95 – ₹100
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹240000
Issue Size
₹27Cr
Opens
2026-08-24
Closes
2026-08-27
Listing
01-09-2026
Subscription Status
Qualified Institutional Buyers
1.01 x
Non-Institutional Investor
0.77 x
Retail Individual Investor
2.3 x
Total
1.47 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1P5601010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Madhur Knit Crafts Limited is a textile manufacturer engaged in producing fabrics, blankets and garments. The company commenced commercial operations in 2013 with the manufacture of blankets and has since expanded its product range to include consumer textile products and technical textiles such as paint roller fabrics. Its manufacturing processes include knitting, dyeing, printing, brushing, polishing, sueding and stentering, with capabilities covering the conversion of yarn into finished cloth. The company operates from its registered office and manufacturing facility in Ludhiana, Punjab. Its plant is equipped with circular knitting machines, warp knitting machines, dyeing machines, flatbed and rotary printing machines, stenter machines, brushing, embossing, punching, bonding, shearing and other textile machinery. The company also has an in-house effluent treatment plant for treating wastewater generated during dyeing and processing. Its machinery is sourced from Korea, Taiwan and China, and its operations are certified under ISO 9001:2015.
Pros
- • Madhur Knit Crafts claims to have an integrated manufacturing setup covering knitting, dyeing, printing, stentering, brushing, raising and finishing at a single facility, allowing the company to handle multiple stages of production in-house and reduce its dependence on external vendors.
- • The company claims to operate a manufacturing facility with a built-up area of over 300,000 sq. ft. It also claims to have textile machinery sourced from countries including Germany, Japan, South Korea, Taiwan and China, covering knitting, dyeing, printing, stentering and chemical coating processes.
- • The company manufactures mink, woollen, fleece and flannel blankets, knitted winterwear fabrics and garments. It has also entered technical textiles, including products such as paint roller fabrics, giving it exposure to both consumer and industrial textile applications.
Cons
- • The company derives a significant portion of its revenue from Punjab, which accounted for Rs 161.40 crore (94.04%) in FY25, Rs 101.17 crore (93.35%) in FY24, and Rs 81.61 crore (91.31%) in FY23. Any adverse economic, political, regulatory or environmental developments in Punjab, including natural disasters or political instability, could materially impact the company’s business, financial condition and results of operations.
- • The company derives a significant portion of its revenue from a limited number of customers, with its top 10 customers contributing Rs 58.61 crore (34.15%) in FY25, Rs 44.93 crore (41.45%) in FY24, and Rs 43.32 crore (48.50%) in FY23. Any loss of one or more major customers, or a reduction in business from these customers, could adversely affect the company’s business operations and profitability.
- • The company sources a significant portion of its raw materials from a limited number of suppliers, with its top 3 suppliers accounting for Rs 46.62 crore (34.70%) in FY25, Rs 20.50 crore (27.46%) in FY24, and Rs 47.85 crore (29.70%) in FY23. Any disruption in supply, increase in prices, or failure of key suppliers to meet quality or delivery requirements could adversely affect the company’s operations, production schedules and profitability.
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