Madhur Knit Crafts sets ₹95-100 price band for ₹53.28 crore NSE Emerge IPO
Textile manufacturer Madhur Knit Crafts plans to open its ₹53.28 crore SME IPO on August 24. The fresh issue proceeds will fund debt repayment, working capital and solar-panel installation.
What happened
Indian textile manufacturer Madhur Knit Crafts will launch a Rs 53.28 crore NSE Emerge IPO on August 24, using proceeds for debt repayment, working capital and
Key facts
- IPO size: Rs 53.28 crore
- Price band: Rs 95-100 per share
- Fresh issue: 53.28 lakh equity shares
- IPO subscription: August 24-27
- Lot size: 1,200 shares
- Debt repayment allocation: Rs 20.85 crore
- Working capital allocation: Rs 15.92 crore
- Solar panels allocation: Rs 3.68 crore
- 11 months ended February 28, 2026 income: Rs 194.79 crore
- 11 months ended February 28, 2026 PAT: Rs 12.35 crore
- FY2025 income: Rs 171.76 crore
- FY2025 PAT: Rs 11.03 crore
Why this matters
A successful NSE Emerge listing could strengthen Madhur Knit Crafts’ balance sheet and make it a better-positioned partner or acquisition candidate in fabrics, blankets, winter textiles and garments.
What to watch
- IPO subscription levels, anchor participation and listing premium or discount.
- Final allocation of fresh proceeds among debt repayment, working capital and solar installation.
- Post-issue debt-to-equity ratio, finance costs and operating cash-flow trend.
- Receivable days, inventory days and any rise in customer concentration.
- Winter-season order book, capacity utilization and gross-margin movement.
- Solar commissioning date and disclosed annual power-cost savings.
- Prioritize repayment of the highest-cost borrowings and disclose the resulting interest-cost reduction.
- Build working-capital controls around receivable days, inventory turns and seasonal blanket/winter-textile demand.
- Sequence solar installation to minimize production disruption and quantify expected energy-cost savings.
- Use listed-company visibility to pursue larger B2B orders, vendor credit and repeat institutional customers.
- Maintain conservative post-listing capital allocation to avoid debt rebuilding through aggressive inventory expansion.