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Cedaar Textile IPO
Price Band
₹130.0–140.0
Issue Size
₹60.9 Cr
Lot Size
1,000 shares
Min Investment
₹140,000
GMP
+₹10.0 (7.14%)
Issue Price
₹140.0
Subject to Sauda
₹7600
Paid only if allotted
Cedaar Textile IPO AI Summary
- Cedaar Textile IPO is listed on NSE SME in the Other Textile Products sector.
- Price band: ₹130.0–₹140.0 per share, lot size 1,000 shares (min. investment ₹140,000).
- Subscription window: 30 Jun–02 Jul 2025, listing on 07 Jul 2025.
- Current GMP is +₹10.0 (7.14%), an estimated listing price of ₹150 — unofficial and can change daily.
Cedaar Textile Limited is an emerging player in the textile sector, focusing on yarn manufacturing. With a solid management team and a diverse product range, the company aims to leverage its strengths to grow in the competitive market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Cedaar Textile IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Jul 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Cedaar Textile IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+7.14%
Est. Listing
₹150.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in September 2020, Cedaar Textile Limited specializes in manufacturing diverse yarns. The company manufactures quality melange yarn for household textiles, woven goods, and hosiery. Cedaar Textile's clientele includes top-tier customers in both domestic and international markets, supplying garments to renowned fashion brands. The company's production process begins with procuring raw materials, which are then processed by blending various fibres like cotton, polyester, viscose, acrylic, and others. Cedaar Textile manufactures various types of yarns, including: Melange Yarns– A blend of different fibres and colours to create unique textures. Solid Top-Dyed Yarns – High-quality yarns with vibrant colors for premium apparel. Grey Fancy Yarns – Specialty yarns that add texture and design variations to fabrics. As of June, 01, 2025, the company had 583 employees all of which are on payroll. Competitive Strength: Experienced and Qualified Management and Employee base. Strong and Consistent Financial Performance. Growing customer base. Scalable and reliable business model. Experienced Promoters and Senior Management with extensive domain knowledge.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 222.77 | 198.23 | 175.84 | 154.45 |
| Total Income | 113.91 | 191.01 | 161.88 | 220.44 |
| Profit After Tax | 7.06 | 11.05 | 4.59 | 7.99 |
| EBITDA | 28.81 | 15.63 | 15.26 | |
| NET Worth | 60.70 | 25.24 | 14.19 | 9.60 |
| Reserves and Surplus | 51.17 | 17.74 | 13.94 | 9.35 |
| Total Borrowing | 120.63 | 146.15 | 137.01 | 121.01 |
Key Ratios
EPS
₹11.60
NAV
₹33.65
ROE
56.06%
ROCE
26.90%
RoNW
56.06%
P/B Value
4.16
P/E Ratio
12.07
Market Cap
₹194.30 Cr
PAT Margin
5.83%
Debt/Equity
5.79
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Vardhman Textiles Ltd. | 304.49 | 7.11% | 17.03 | 21.01 | 21.01 |
| Shiva Texyarn Ltd. | 94.78 | 8.63% | 22.7 | -8.55 | -8.55 |
| Cedaar Textile Limited This IPO | 63.7 | 16.44% | — | 8.63 | 8.63 |
Promoters
Rajesh Mittal, Virender Goyal, Bachangada Monnappa Saraswathi and Monnappa Nachappa Bachangada
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Installation of Grid-tied Solar PV Rooftop System for Captive evacuation 8.00 2 Modernization of the Machines 17.00 3 To meet working capital requirements 24.90 4 General Corporate Purpose; and 4.91 5 Issue Expenses 6.09
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹220.44 Cr in the period ending 31 Mar 2022, but it decreased to ₹161.88 Cr by 31 Mar 2023. The income then rose to ₹191.01 Cr by 31 Mar 2024, before dropping again to ₹113.91 Cr for the period ending 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹7.99 Cr for the period ending 31 Mar 2022, which increased to ₹4.59 Cr by 31 Mar 2023. It then rose to ₹11.05 Cr by 31 Mar 2024, before falling to ₹7.06 Cr for the period ending 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Cedaar Textile's implied P/E at the issue price is approximately 12.07, while peers are trading at P/E ratios ranging from 17.03 to 22.7.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on trading in the unofficial market before the stock is listed. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP may indicate the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's financial health and market position.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with potential fluctuations in stock prices may want to avoid investing in IPOs like this, especially if they have concerns about the company's recent financial performance.
IPO Timeline, Explained
The IPO opens for subscription on June 30, 2025, and closes on July 2, 2025. Allotment of shares will be done on July 3, 2025, with the listing date set for July 7, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make by selling shares on the listing day. However, there is always a risk associated with this, as market conditions can change rapidly, and the stock may not perform as expected on its debut.
This evaluation is generated from Cedaar Textile's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Cedaar Textile IPO GMP today?
Cedaar Textile IPO GMP today is +₹10.0 (7.14%), indicating an estimated listing price of ₹150. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Cedaar Textile IPO?
The price band of Cedaar Textile IPO is ₹130.0–₹140.0 per share.
When does Cedaar Textile IPO open and close?
Cedaar Textile IPO opens on 30 June 2025 and closes on 02 July 2025.
When does Cedaar Textile IPO list on the stock exchange?
Cedaar Textile IPO listed on 07 July 2025 at ₹150.0.
What is the lot size for Cedaar Textile IPO?
The lot size for Cedaar Textile IPO is 1000 shares, requiring a minimum investment of ₹140,000.
What is the price band for the IPO?
The price band for the IPO is ₹130.0 to ₹140.0.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When is the listing date?
The listing date is July 7, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial market trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jun 2025
Close
02 Jul 2025
Allotment
03 Jul 2025
Listing
07 Jul 2025
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