Madhur Knit Crafts IPO GMP today is Rs 9. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
MADHUR
Madhur Knit Crafts IPO GMP, Subscription & Allotment Status Today
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.
- Price Band
- ₹95.00 - ₹100.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 27 Aug 2026
- Listing Date
- 01 Sept 2026
Current GMP Status
₹9
+9% vs upper band
Est. Listing Gain
+9.00%
Last Trend
28 Aug 2026
Listing Price
Est. ₹109
Retail Entry
₹2,40,000
IPO Details
Complete IPO information
| Current GMP | ₹9 |
|---|---|
| Estimated Listing Gain | +9.00% |
| Price Band | ₹95.00 - ₹100.00 |
| Issue Price | Approx ₹52.27 Crores |
| Listing Price | Est. ₹109 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 1.5x |
| Listing Date | 01 Sept 2026 |
| Minimum Investment | ₹2,40,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 2.03 | 2.04 | 1.01x |
| NII | 22.78 | 16.87 | 0.74x |
| Retail | 22.78 | 52.42 | 2.30x |
| Overall Subscription | 47.58 | 71.33 | 1.50x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Madhur Knit Crafts is priced at ₹100 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,40,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Madhur Knit Crafts stands at ₹9, implying an estimated listing gain of around 9.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Madhur Knit Crafts's IPO was subscribed 1.5x overall, with a category-wise breakdown of Retail 2.3x, QIB 1.01x, NII 0.74x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
24 Aug 2026
✓
Bidding Closes
27 Aug 2026
03
Allotment Next
28 Aug 2026
04
Listing
01 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 28 Aug 2026 | ₹9.00 | - | 9.00% |
| 27 Aug 2026 | ₹9.00 | -₹7.00 | 9.00% |
| 26 Aug 2026 | ₹16.00 | - | 16.00% |
| 25 Aug 2026 | ₹16.00 | +₹7.00 | 16.00% |
| 24 Aug 2026 | ₹9.00 | +₹9.00 | 9.00% |
| 20 Aug 2026 | ₹0.00 | - | 0.00% |
| 19 Aug 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,40,000 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,40,000 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,60,000 |
| S-HNI Maximum | 8 Lot | 9,600 | ₹9,60,000 |
| B-HNI Minimum | 9 Lot | 10,800 | ₹10,80,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Madhur Knit Crafts IPO Details
The Madhur Knit Crafts IPO is an NSE SME book-built issue with a total issue size of approximately ₹27.00 crores. The public offer consists entirely of a fresh issue of equity shares.
The IPO is scheduled to open for subscription on August 24, 2026 and close on August 27, 2026. The company has fixed the IPO price band at ₹95 to ₹100 per equity share, while the face value is ₹10 per share. The equity shares are proposed to be listed on the NSE SME platform.
| Particular | Details |
|---|---|
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹95 to ₹100 Per Share |
| Issue Size | Approx ₹50.60 Crores |
| Fresh Issue | Approx ₹50.60 Crores |
| Issue Type | Book-build Issue |
| IPO Listing | NSE SME |
Note: Madhur Knit Crafts is engaged in textile manufacturing, including blankets, knitted fabrics, garments and related textile products. Investors should review the company's financial performance, issue objectives, valuation and business risks before investing in the IPO.
Analysis
Madhur Knit Crafts IPO Reservation
The Madhur Knit Crafts IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and the anchor investor portion, where applicable.
As per the provided category-wise allocation, 50% of the issue is reserved for Qualified Institutional Buyers excluding the anchor portion. Non-Institutional Investors are allocated 15%, while 35% of the issue is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares available under each investor category is not available in the provided data. The table currently reflects the available percentage-wise IPO reservation and can be updated once the final category-wise share allocation is announced.
Analysis
Madhur Knit Crafts IPO Anchor Investors
The Madhur Knit Crafts IPO anchor investor details are currently awaited. The final anchor bidding date, anchor investor names, number of shares allocated and anchor portion size will be available after the company announces the final anchor allocation.
The IPO is scheduled to open for public subscription on August 24, 2026. Once the anchor allocation is finalized, the details can be updated along with the applicable 30-day and 90-day lock-in period end dates.
| Particular | Details |
|---|---|
| Anchor Bidding Date | 2026 |
| Anchor Investors List | – |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor investor allocation details have not been provided yet. The anchor bidding date, investor list, shares offered, anchor issue size and lock-in dates should be updated after the final anchor allocation information becomes available.
Analysis
Madhur Knit Crafts IPO Dates
The Madhur Knit Crafts IPO will open for subscription on August 24, 2026 and close on August 27, 2026. Investors can submit their applications during the IPO subscription period.
The Madhur Knit Crafts IPO allotment is expected to be finalized on August 28, 2026. Refunds for unsuccessful applicants and credit of shares to successful investors' demat accounts are scheduled for August 31, 2026. The shares are scheduled to list on the NSE SME platform on September 1, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 |
| Basis of Allotment | August 28, 2026 |
| Refunds | August 31, 2026 |
| Credit to Demat Account | August 31, 2026 |
| IPO Listing Date | September 1, 2026 |
Note: The above table summarizes the Madhur Knit Crafts IPO timeline, including the opening date, closing date, basis of allotment, refund initiation, demat credit and proposed NSE SME listing date.
Analysis
Madhur Knit Crafts IPO Promoters and Holding Pattern
The promoters of Madhur Knit Crafts are Arun Gupta, Piyush Gupta and Chirag Gupta. Before the IPO, the promoter and promoter group collectively hold the entire pre-issue share capital of the company.
The promoter and promoter group hold 1,34,10,125 equity shares, representing 100% of the pre-IPO shareholding. Based on the provided data, there is no separate shareholding under the Others category before the public issue.
Following completion of the fresh issue, the company's total outstanding equity shares are expected to increase from 1,34,10,125 shares before the IPO to 1,61,10,125 shares after the IPO.
Promoters of Madhur Knit Crafts
- Arun Gupta
- Piyush Gupta
- Chirag Gupta
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,34,10,125 | 100% | – | -% |
| Others* | – | -% | – | -% |
| Total | 1,34,10,125 | 100% | 1,61,10,125 | 100% |
Note: Post-IPO promoter and public shareholding percentages are not available in the provided data. The total post-issue equity share capital is expected to increase to 1,61,10,125 shares following completion of the fresh issue.
Analysis
Madhur Knit Crafts IPO Objects of the Issue & Utilisation of Proceeds
Madhur Knit Crafts proposes to utilise the IPO proceeds towards capital expenditure, working capital requirements, repayment or prepayment of outstanding borrowings and general corporate purposes.
As per the provided figures, the company proposes to utilise ₹4.00 crores towards the purchase of solar panels, ₹14.10 crores towards working capital requirements and ₹17.40 crores towards repayment or prepayment of certain outstanding borrowings.
| Purpose | Amount |
|---|---|
| Funding capital expenditure for the purchase of Solar Panel | ₹4.00 Cr. |
| Working Capital Requirement of the Company | ₹14.10 Cr. |
| Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company | ₹17.40 Cr. |
| General Corporate Purposes | ₹35.50 Cr. |
Analysis
Madhur Knit Crafts About Ipo
To be updated soon
Analysis
Madhur Knit Crafts IPO Company Financial Report
Madhur Knit Crafts reported strong growth in its financial performance between FY2023 and FY2025. Revenue increased from ₹89.56 crores in FY2023 to ₹108.41 crores in FY2024 and further rose to ₹171.76 crores in FY2025.
Profitability improved considerably during this period. Profit After Tax (PAT) increased from ₹0.90 crores in FY2023 to ₹1.70 crores in FY2024 and reached ₹11.03 crores in FY2025. For the period ended June 2025, the company reported revenue of ₹65.23 crores and PAT of ₹3.02 crores.
The company's asset base also expanded consistently, increasing from ₹64.59 crores in FY2023 to ₹90.60 crores in FY2024, ₹122.59 crores in FY2025 and ₹140.76 crores as of June 2025.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹89.56 Cr. | ₹88.56 Cr. | ₹0.90 Cr. | ₹64.59 Cr. |
| 2024 | ₹108.41 Cr. | ₹106.42 Cr. | ₹1.70 Cr. | ₹90.60 Cr. |
| 2025 | ₹171.76 Cr. | ₹156.87 Cr. | ₹11.03 Cr. | ₹122.59 Cr. |
| June 2025 | ₹65.23 Cr. | ₹61.20 Cr. | ₹3.02 Cr. | ₹140.76 Cr. |
Amount in ₹ Crores: The above table summarizes Madhur Knit Crafts' revenue, expenses, Profit After Tax (PAT) and total assets. FY2025 shows a notable improvement in both revenue and profitability compared with FY2023 and FY2024, while the June 2025 figures represent an interim reporting period and should not be directly compared with full-year results.
Analysis
Madhur Knit Crafts IPO Valuation – FY2025
The Madhur Knit Crafts IPO valuation can be evaluated using key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, debt-to-equity ratio, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2025, Madhur Knit Crafts reported an ROE of 37.42% and ROCE of 33.49%. The company's EBITDA margin stood at 13.56%, while the PAT margin was 6.43%. The debt-to-equity ratio was 2.28, indicating a relatively leveraged capital structure.
The company's basic Earnings Per Share (EPS) stood at ₹8.35, while Return on Net Worth (RoNW) was 37.42%. The Net Asset Value (NAV) was reported at ₹22.31 per equity share.
| KPI | Values |
|---|---|
| ROE | 37.42% |
| ROCE | 33.49% |
| EBITDA Margin | 13.56% |
| PAT Margin | 6.43% |
| Debt to Equity Ratio | 2.28 |
| Earning Per Share (EPS) | ₹8.35 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 37.42% |
| Net Asset Value (NAV) | ₹22.31 |
Note: Based on the IPO price band of ₹95 to ₹100 and FY2025 EPS of ₹8.35, the implied P/E works out to approximately 11.38x to 11.98x. Investors should evaluate the valuation alongside the company's profitability, return ratios, debt levels, growth prospects and comparable listed textile companies.
Analysis
Madhur Knit Crafts Peer Group Comparison
- There are no listed peers comparable to the company.
Analysis
Madhur Knit Crafts IPO Lead Managers aka Merchant Bankers
- SKI Capital Services Ltd.
FAQ
Madhur Knit Crafts IPO FAQs
Madhur Knit Crafts IPO price band is Rs 95.00 to Rs 100.00. Check the latest issue price, lot size and GMP together before applying.
Madhur Knit Crafts IPO open date is 24 Aug 2026, close date is 27 Aug 2026, and listing date is 01 Sept 2026.
Madhur Knit Crafts IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,40,000.
Madhur Knit Crafts is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Madhur Knit Crafts IPO subscription status currently shows Retail 2.3x, QIB 1.01x, NII 0.74x, Overall 1.5x.
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.
Madhur Knit Crafts IPO issue size is TBA and the expected allotment date is 28 Aug 2026.
Community discussion
Comments
Share a useful question or insight about Madhur Knit Crafts.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
Upcoming
SME
Axiom Gas Engineering
Current GMPN/A
Price Band₹50.00 - ₹53.00
Lot Size2,000 Shares
Upcoming
SME
SpectraA Technology Solutions
Current GMPN/A
Price Band₹112.00 - ₹118.00
Lot Size1,200 Shares
Upcoming
SME
Kheria Autocomp
Current GMPN/A
Price Band₹96.00 - ₹101.00
Lot Size1,200 Shares
Open
SME
Vama Wovenfab
Current GMP₹10+2.9%
Price Band₹324.00 - ₹341.00
Lot Size400 Shares
Loading comments...