Market News
Pushpa Jewellers to Cedaar Textile: Five SME IPOs open for subscription; check complete overview
.png)
6 min read | Updated on June 30, 2025, 17:16 IST
SUMMARY
As many as five SME IPOs are open for subscription today. Pushpa Jewellers, Cedaar Textile, Silky Overseas, Marc Loire Fashions and Vandan Foods plan to raise over 241 crore from investors. IPO will close for subscription on July 2, while the tentative listing date is July 7.
Vandan Foods Limited is engaged in the manufacturing of castor oil and its derivatives.
Five SME IPOs open for subscription on June 30, 2025 capitalising on strong momentum witnessed in the primary markets in recent weeks. Pushpa Jewellers, Cedaar Textile, Silky Overseas, Marc Loire Fashions and Vandan Foods plan to raise over ₹241 crore through public issue.
These five SME IPOs will remain open for subscription till July 2. Followed by IPO allotment on July 3 and tentative listing date of July 7.
Pushpa Jewellers (Issue size: ₹98.6 crore)
IPO objective
- Capital Expenditure: The company will use ₹5.35 crore to set up new showrooms.
- Working capital: The company will use ₹45.39 crore towards working capital expenses.
- General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.
Financial snapshot
| (In Crs) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 165.80 | 255.34 | 281.06 |
| Total Assets | 43.39 | 51.46 | 91.10 |
| PAT | 8.14 | 13.58 | 22.29 |
| EBITDA | 12.83 | 19.88 | 31.76 |
Marc Loire Fashions (Issue size: ₹21 crore)
IPO objective
- Capital expenditure: The company will use ₹5.66 crore to open 15 new stores and multi-purpose racks.
- Working capital: The company will use ₹9.35 crore towards business working capital requirements
- General corporate purposes: The company will spend ₹3.73 Cr for general corporate purposes.
Financial snapshot
| (In Crs) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 37.42 | 40.20 | 42.26 |
| Total Assets | 12.99 | 17.02 | 22.24 |
| PAT | 0.66 | 4.08 | 4.71 |
| EBITDA | 0.87 | 5.34 | 6.30 |
Vandan Foods (Issue size: ₹30.3 crore)
Incorporated on December 2015, Vandan Foods Limited is engaged in the manufacturing of castor oil and its derivatives. The company operates under a robust B2B model with a strong domestic market presence. Its core product is refined F.S.G. castor oil, a high-grade, non-volatile fatty oil, which is used as cosmetic, in pharma products, lubricants, paints and more.
IPO objective
- Expansion of existing facility: The company will use ₹8.29 crore for expansion of the Dhinoj facility.
- Repayment of loan: The company will use ₹3 crore to repay outstanding borrowings
- Working capital: The company plans to allocate ₹8.57 crore towards funding its working capital needs.
- General Corporate Purposes: The company will spend ₹7.51 crore towards its general corporate purposes.
- Issue expenses: The company will use ₹2.98 crore towards IPO issue expenses
Financial snapshot
| (In Crs) | FY22 | FY23 | FY24 | 9MFY25 |
|---|---|---|---|---|
| Revenue | 1.47 | 11.59 | 48.73 | 72.66 |
| Total Assets | 4.20 | 4.73 | 12.11 | 31.68 |
| PAT | (0.11) | 0.64 | 2.64 | 4.53 |
| EBITDA | (0.07) | 0.99 | 3.64 | 6.92 |
Cedaar Textile (Issue size: ₹60.9 crore)
IPO objective
- Capital expenditure: The company will use ₹25 crore to modernise its machines and solar PV rooftop system.
- Working capital: The company will use ₹24.90 crore to meet working capital requirements.
- General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.
Financial snapshot
| (In Crs) | FY22 | FY23 | FY24 | 9MFY 25 |
|---|---|---|---|---|
| Revenue | 217.40 | 160.25 | 189.68 | 112.03 |
| Total Assets | 154.45 | 175.84 | 198.23 | 222.77 |
| PAT | 7.99 | 4.59 | 11.05 | 7.06 |
| EBITDA | 15.26 | 15.63 | 28.81 | 19.59 |
Silky Overseas (Issue size: ₹₹30.6 crore)
Silky Overseas Limited, established in 2016 and headquartered in Delhi, is a home textile manufacturer with an integrated facility in Sonipat, Haryana. The company specialises in manufacturing blankets, bedsheets, comforters, and curtains, with operations spanning knitting, dyeing, printing, and packaging under one roof. Mink blankets are the flagship product, contributing over 30% of revenues.
IPO objective
- Setting up of additional storage facility: The company proposes to use ₹4.30 crore to set up a new manufacturing facility.
- Repayment of loans: ₹3 crore will be used to repay certain outstanding debt.
- Working capital: The company plans to allocate ₹12 crore towards working capital needs.
- General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.
Financial snapshot
| (In Crs) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 50.12 | 68.31 | 69.70 |
| Total Assets | 37.07 | 40.70 | 50.69 |
| PAT | (0.42) | 0.98 | 5.53 |
| EBITDA | 2.97 | 5.35 | 11.01 |
Related News
About The Author
Next Story
