Madhur Knit Crafts IPO
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Madhur Knit Crafts IPO details
Schedule of Madhur Knit Crafts
| Issue open date | 24 Aug 2026 |
| Issue close date | 27 Aug 2026 |
| UPI mandate deadline | 27 Aug 2026 (5 PM) |
| Allotment finalization | 28 Aug 2026 |
| Refund initiation | 31 Aug 2026 |
| Share credit | 31 Aug 2026 |
| Listing date | 01 Sep 2026 |
| Mandate end date | 11 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 26 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 25 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Madhur Knit Crafts
Madhur Knit Crafts is a textile company engaged in the manufacturing of blankets and knitted fabrics, alongside providing job work services. The company’s operations are strategically located in Ludhiana, a prominent textile hub, which provides access to a reliable network of suppliers and logistics. Over the years, the company has transitioned from minimal processing to a fully integrated yarn-to-cloth manufacturing model, focusing on complete value addition. Significant investments in modern production facilities have enhanced capacity, operational efficiency, and product quality. The company operates from a state-of-the-art manufacturing facility with textile machinery imported from Korea, Taiwan, and China, supporting a wide range of processes including knitting, dyeing, printing, and finishing.
Financials of Madhur Knit Crafts
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 53.27 |
| Fresh Issue – Proceeds go to the company | 53.27 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure for the purchase of solar panels |
3.68 (6.91%) |
| Working Capital Requirement of the Company | 15.92 (29.89%) |
| Repayment / pre-payment of borrowings | 20.85 (39.14%) |
| General corporate purposes | 12.82 (24.06%) |
Strengths
- Vertically integrated manufacturing operations for end-to-end production.
- Advanced machinery and infrastructure support high-quality output.
- Strategic location in Ludhiana provides key logistical advantages.
- A diversified product portfolio across multiple textile categories.
- An order-based and demand-driven production model.
Risks
- High geographical concentration of revenue from Punjab.
- Dependence on a few customers for a major portion of revenue.
- A substantial portion of raw materials is sourced from a limited number of suppliers.
- The business is seasonal, with a primary focus on winter wear.
- Potential for negative cash flows affecting business and operations.