Madhur Knit SME IPO
ListedNSE SMEOpens 24 August 2026Closes 27 August 2026
Incorporated in 1997, Madhur Knit Crafts Limited is an integrated textile manufacturing company specializing in home-furnishing products and knitted & crocheted fabrics. The company's product portfolio comprises mink…
Incorporated in 1997, Madhur Knit Crafts Limited is an integrated textile manufacturing company specializing in home-furnishing products and knitted & crocheted fabrics. The company's product portfolio comprises mink blankets, acrylic and woollen blankets, anti-pilling fabrics, knitted fabrics, and Sherpa fabrics. Operating from a specialized manufacturing facility in Ludhiana (Punjab), the company houses advanced imported machinery from Korea, Taiwan, and China supporting integrated processes including knitting, dyeing, printing, brushing, polishing, sueding, and stentering for domestic dealer networks and export markets.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
24 Aug
IPO Closes
27 Aug
Allotment
28 Aug
Listing
1 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Allotment Date | 28 August 2026 |
| Listing Date | 1 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,40,000 |
SHNI (Min) | 3 | ₹3,60,000 |
SHNI (Max) | 8 | ₹9,60,000 |
BHNIAbove ₹10,00,000 | 9 | ₹10,80,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 9.98% |
| NII (Non-Institutional Investor) | 45.01% |
| SHNI (Small Non-Institutional Investor) | 14.25% |
| BHNI (Big Non-Institutional Investor) | 28.50% |
| Retail | 45.01% |
| Market Maker | 5.00% |
| Total | 100.00% |
IPO Objectives
- Funding capital expenditure for the purchase of Solar panel (₹3.68 Cr).
- Working Capital Requirement of the Company (₹15.92 Cr).
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company (₹20.85 Cr).
- General Corporate Purposes.
Strengths
- Vertically integrated manufacturing operations from yarn processing to finished fabrics and blankets.
- Modern manufacturing plant in Ludhiana equipped with specialised machinery imported from Korea, Taiwan, and China.
- Diversified portfolio across home-furnishing textiles (mink blankets, anti-pilling, and Sherpa fabrics).
- Order-based, demand-driven production model helping manage inventory levels and optimize capacity utilization.
Weaknesses
- High geographical concentration, with more than 90% of revenue generated from customers within Punjab.
- Seasonal nature of business with demand heavily concentrated in the winter cycle (Q3/Q4).
- Exposure to volatility in raw material prices (polyester, acrylic, cotton yarns) and energy/crude oil input costs.
- Working capital-intensive model with elevated debt levels (debt-to-equity ratio of 1.69x as of Feb 28, 2026).
Financial Performance
| Period Ended | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 159.97 | 122.59 | 90.6 |
| Revenue (₹ Cr.) | 194.69 | 171.64 | 108.38 |
| PAT (₹ Cr.) | 12.35 | 11.03 | 1.7 |
| Net Worth (₹ Cr.) | 43.61 | 29.49 | 16.24 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Madhur Knit | 3.08 | 12.15 | 28.33% | 43.61 |
| Kaytex Fabrics | 0.74 | 4.95 | 14.96% | 79.27 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.99x | 1.01x | 1.01x | 1.01x |
| NII | 0.32x | 0.23x | 0.28x | 0.74x |
| S-HNI | 0.03x | 0.08x | 0.15x | 0.8x |
| B-HNI | 0.56x | 0.38x | 0.42x | 0.86x |
| RII | 0.25x | 0.55x | 1.1x | 2.3x |
| Total | 0.32x | 0.42x | 0.7x | 1.5x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 2,02,800 | 2,04,000 | 2.04 |
| NII | 22,77,600 | 16,87,200 | 16.87 |
| Small NII | 7,59,200 | 6,04,800 | 6.05 |
| Big NII | 12,52,000 | 10,82,400 | 10.82 |
| RII | 22,77,600 | 52,41,600 | 52.42 |
| Total | 47,58,000 | 71,32,800 | 71.33 |
Company Details
- Madhur Knit Crafts Limited
- Village - Seera, Sattowal Road, Rahon Road, Eros Bajra Road, Ludhiana, Punjab, India, 141007
- +91 98780 09690
- ipo@mkcpl.in
- https://www.mkcpl.in/
Registrar Details
- Skyline Financial Services Private Limited
- +91 11 4045 0193
- ipo@skylinerta.com
- https://www.skylinerta.com/
Frequently Asked Questions
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Sources
We match Madhur Knit SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Skyline Financial Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.