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  1. Madhur Knit Crafts IPO
Madhur Knit Crafts IPO
2.28xsubscribed

Madhur Knit Crafts IPO

Textile
listed
₹2.28LMin. investment

Madhur Knit Crafts Limited IPO Details

SectorTextile
Price range₹95.00 – ₹100
IPO type
SME
Lot size1200 shares
Issue size₹53Cr
Red Herring Prospectus
Read
Market cap
₹187.37CrLower than sector avg
RevenueApr 2010 - Mar 2011
₹171.63CrLower than sector avg
Growth rate3Y CAGR
38.62%

Madhur Knit Crafts IPO Subscription Status

Date
QIB
NII
Retail
Total
24-Aug-26
0.99 times (X)
0.96 times (X)
0.24 times (X)
0.46 times (X)
25-Aug-26
1.01X
1.05X
0.55X
0.7X
26-Aug-26
1.01X
1.19X
1.09X
1.11X
27-Aug-26
1.01X
2.57X
2.3X
2.28X

As on 24-Aug-26, 5:30 PM

Madhur Knit Crafts IPO Timeline

  1. Pre-apply
    21 Aug 2026
  2. Bid start
    24 Aug 2026
  3. Bid end
    27 Aug 2026
  4. Allotment
    28 Aug 2026
  5. Release of funds
    31 Aug 2026
  6. Demat transfer
    31 Aug 2026
  7. Listing
    1 Sep 2026

About Madhur Knit Crafts Limited

Madhur Knit Crafts IPO will open for subscription on Monday August 24 2026. Originally incorporated in 1997, Madhur Knit Crafts started its commercial operations in 2013 with the manufacture of blankets and has since expanded into a diversified textile business offering a range of fabrics and garments.
The company primarily manufactures anti-pilling fabrics, knitted fabrics, sherpa fabric, blankets and paint roller fabrics, with knitted cloth accounting for 88.3% of revenue as of February 28, 2026. It caters to end consumers through products such as blankets and winter textiles, while also supplying knitted fabrics for apparel, fashion and home textile applications. Its customer base includes retailers, wholesalers and direct-to-consumer channels, along with industrial enterprises, manufacturers and institutional clients requiring customised textile solutions under a made-to-order production model.
The company operates nine circular knitting machines along with one dyeing machine comprising high-pressure dyeing units designed to provide uniform coloration and durability across synthetic and blended fabrics. It has seven warp knitting machines, along with one flatbed printing machine for printing patterns based on customer-provided designs, one rotary printing machine for high-speed and continuous printing of repetitive designs on blankets and bulk fabrics, and two stenter machines for heat-setting and width stabilization. All machinery is owned by the company, with no leased machinery in operation.
The company’s installed production capacity has increased from 24,00,000 kg in FY23 to 75,00,000 KGs in FY25. Capacity utilisation was 64.50% in FY25 and increased to 69.75% from April 2025 to February 2026. On February 28, 2026, 100% of the sales were generated in the domestic market. Punjab contributed 98.1% with sales of ₹191.15 crore and rest of India contributed 1.8% with sales of ₹3.53 crore. New customers contributed 33.4% of revenue at ₹65.12 crore as of February 28, 2026. Retained customers contributed 66.5% of revenue at ₹129.5 crore as of February 28, 2026. As on 28th February 2026 the company had 177 people on its rolls including directors and KMPs.

Checklist

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Objectives of Madhur Knit Crafts Limited IPO

Repayment of borrowings
39.10%
The company will use ₹20.85 crore for repayment of borrowings availed by it.
Working capital
29.80%
The company will utilise ₹15.91 crore for funding working capital requirements of the company.
General corporate purposes
24.10%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Capital expenditure
6.90%
The company will utilise ₹3.67 crore for the purchase of solar panel.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹171.63Cr38.62%₹11.03Cr₹187.37Cr11.752.28
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2010-11. Lower P/E and D/E ratios are generally preferred.

Madhur Knit Crafts IPO Contact Details

Company NameMadhur Knit Crafts Limited

How to apply for Madhur Knit Crafts IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Madhur Knit Crafts Limited IPO FAQs

Investors can apply for the Madhur Knit Crafts IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Madhur Knit Crafts IPO is 53 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Madhur Knit Crafts IPO will be open between 2026-08-24 and 2026-08-27.
Madhur Knit Crafts IPO allotment date is 2026-08-31. For Madhur Knit Crafts IPO allotment status check, you can visit the website of the registrar of the IPO.
For Madhur Knit Crafts IPO, the IPO registrar is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. You can check Madhur Knit Crafts IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Madhur Knit Crafts IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Madhur Knit Crafts IPO lot size is 1200 and minimum order quantity is 2400.
Madhur Knit Crafts IPO has set the price band for its IPO at 100 per equity share with a face value of 10.