Kaytex Fabrics SME: Check IPO Date, Live Subscription and Key Details
Kaytex Fabrics Limited, established in January 1996, is a fast-fashion fabric solutions and manufacturing company that manages the entire process from yarn to finished fabric production. The company specializes in creating and designing a variety of fabrics from fibers such as cotton, viscose, modal, nylon, acrylic, linen, and polyester, with a strong focus on digital printing technology to deliver vibrant, high-resolution designs. They have expanded into womenswear fashion products, offering ready-to-stitch suits, co-ord sets, shawls, scarves, and stoles under their own brands 'Rasiya', 'Kaytex', and 'Darbaar-e-Khaas'. In addition to branded products, they cater to bulk-buyers, wholesalers, and retailers in the non-branded segment.
Min Investment
₹144000
Price Range
₹171.00-180.00
Issue Size
₹66.31 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
14.91
P/E Ratio
12.07
RoNW
33.76%
ROE
40.43%
Debt to Equity
0.76
Timeline
IPO Opens
29 Jul
IPO Closes
31 Jul
Allotment
1 Aug
Listing
5 Aug
IPO Objectives
- Funding capital expenditure for construction of additional warehouse facility in Amritsar.
- Funding capital expenditure for construction of dedicated sales office in Amritsar.
- Funding capital expenditure towards purchase of advanced fabric processing system for our existing printing, dyeing and processing unit in Amritsar.
- Funding the incremental working capital requirements.
- General corporate purposes.
Strengths
- One-stop destination with multiple capabilities across digital printing, weaving, jacquards, and embroidery, offering comprehensive fast-fashion fabric solutions.
- Cross-segment coverage from Tier 1 cities to rural and branded to unbranded segments, ensuring diversified market reach and customer base.
- Well-established distribution network and long-standing supplier relationships, providing reliable supply of quality materials like yarns, dyes, chemicals, inks, and fabrics.
- Healthy financial performance track record with consistent growth in revenue (23% increase between FY24 and FY25) and profit after tax (49% increase between FY24 and FY25), along with strong return ratios (ROE of 40.43% and ROCE of 33.25% in FY25).
- Experienced management team with a proven track record, including the Chairman and MD with 30 years of experience in the textile manufacturing industry.
Weaknesses
- Profit margins achieved for FY24 and FY25, while healthy, raise eyebrows regarding their sustainability as the company operates in a highly competitive and fragmented segment.
- High working capital requirements (increased from ₹29.88 crore in FY23 to ₹61.30 crore in FY25), which can strain cash flow, despite IPO proceeds being allocated for this purpose.
- Operating performance depends on production facilities in Amritsar. Any downtime due to equipment failure or natural disasters can significantly impact operations.
- The apparel and textile industries are very competitive, potentially forcing the company to lower prices due to competitive pressures, affecting margins.
- Export revenue exposes the business to foreign exchange rate risks, which can impact profitability.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 125.27 | 95.92 | 72.98 |
| Revenue (₹ Cr.) | 153.22 | 125.03 | 99.34 |
| PAT (₹ Cr.) | 16.9 | 11.31 | 5.59 |
| Net Worth (₹ Cr.) | 50.07 | 33.55 | 21.14 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Kaytex Fabrics | 4.13 | 12.07 | 40.43 | 50.07 |
| Banswara Syntex Ltd. | 0.88 | 22.29 | 3.96 | 559 |
| Donear Industries Ltd. | 2.26 | 16.63 | 13.58 | 205 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 6.21x | 6.21x | 31.16x |
| NII | 0.13x | 0.47x | 43.19x |
| RII | 0.45x | 2.37x | 47.85x |
| Total | 1.66x | 2.68x | 42.70x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 6,22,400 | 1,93,93,600 | 349.08 |
| NII | 8,08,800 | 3,49,35,200 | 628.83 |
| Small NII | 2,69,600 | 1,02,37,600 | 184.28 |
| Big NII | 7,33,600 | 2,48,92,000 | 448.06 |
| RII | 13,20,000 | 6,31,60,000 | 1,136.88 |
| Total | 27,51,200 | 11,74,88,800 | 2,114.80 |
Company Details
- Batala Road, Post Office Khanna Nagar, Amritsar, Punjab-143001
- 01834009025
- investor@kaytexfabrics.com
- https://kaytexfabrics.com/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- investor@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html