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Madhur Knit IPO
Price Band
₹95.0–100.0
Issue Size
₹53.27 Cr
Lot Size
1,200 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
+₹2.0 (2.0%)
Issue Price
₹100.0
Subject to Sauda
₹1800
Paid only if allotted
Madhur Knit IPO AI Summary
- Madhur Knit IPO is listed on NSE SME in the Other Textile Products sector.
- Price band: ₹95.0–₹100.0 per share, lot size 1,200 shares (min. investment ₹240,000, 2 lots minimum).
- Subscription window: 24 Aug–27 Aug 2026, listing on 01 Sep 2026.
- Current GMP is +₹2.0 (2.0%), an estimated listing price of ₹102 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.50x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.01x
|
1.01x |
| NII (HNI) |
0.74x
|
0.74x |
| ↳ bNII (>₹10L) |
0.86x
|
0.86x |
| ↳ sNII (<₹10L) |
0.80x
|
0.80x |
| Retail (RII) |
2.30x
|
2.30x |
| Total | 1.50x | 1.50x |
Auto-updated every 5 min · As of 27th Aug 2026 18:56
Madhur Knit IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+2.0%
Est. Listing
₹102.0
Updated: 01 Sep 2026 10:00
GMP Trend (Last 14 Days)
About the Company
Incorporated on August 21, 1997, Madhur Knit Crafts Limited operates in the textile space, principally manufacturing home-furnishing products and knitted & crocheted fabrics. The company’s product portfolio includes blankets (acrylic, woollen, printed, designer), mink blankets, and related home-textile offerings. It services domestic markets through dealer networks and engages in export too. The Company operates from a state-of-the-art manufacturing facility equipped with textile machinery imported from Korea, Taiwan, and China, supporting a wide range of processes including knitting, dyeing, printing, brushing, polishing, sueding, and stentering. Products: Anti-pilling fabric is a type of textile that has been treated or engineered to resist the formation of small fibre balls (pills) on the surface caused by friction or washing. Knitted fabrics are flexible, breathable textiles made by interlooping yarns using circular or flat knitting machines. Sherpa Fabric is a type of textile designed to mimic the texture and insulating properties of natural sheepskin. Blankets were the inaugural product line of the Company, marking the commencement of its commercial manufacturing operations. As on August 31, 2025, the compamy had 174 employees. Competitive Strengths: Vertically Integrated Manufacturing Operations Advanced Machinery and Infrastructure Strategic Location Advantage Diversified Product Portfolio Order-Based and Demand-Driven Production Model
Company Financials (₹ Cr)
As of 2026-02-28
| Period Ended | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 159.97 | 122.59 | 90.60 |
| Total Income | 194.79 | 171.76 | 108.41 |
| Profit After Tax | 12.35 | 11.03 | 1.70 |
| EBITDA | 25.67 | 23.28 | 8.04 |
| NET Worth | 43.61 | 29.49 | 16.24 |
| Reserves and Surplus | 29.93 | 18.76 | 6.54 |
| Total Borrowing | 73.54 | 67.20 | 57.79 |
Key Ratios
EPS
₹8.23
NAV
₹22.75
ROE
37.42%
ROCE
33.49%
RoNW
37.42%
P/B Value
4.40
P/E Ratio
12.15
Market Cap
₹187.37 Cr
PAT Margin
6.43%
Debt/Equity
2.28
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Kaytex Fabrics Limited | 79.27 | 14.96% | 4.69 | 12.79 | 12.79 |
| Madhur Knit Crafts Ltd. This IPO | 22.31 | 37.42% | — | 8.51 | 8.51 |
Promoters
Arun Gupta, Piyush Gupta, Chirag Gupta
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 Funding capital expenditure for the purchase of Solar panel. 3.68 2 Working Capital Requirement of the Company. 15.92 3 Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company 20.85 4 General Corporate Purposes 7.90 5 Issue Expenses 4.93 Total 53.27
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹108.41 Cr in the year ending 31 Mar 2024, increasing to ₹171.76 Cr by 31 Mar 2025, and further rising to ₹194.79 Cr by 28 Feb 2026. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹1.70 Cr in the year ending 31 Mar 2024, rising to ₹11.03 Cr by 31 Mar 2025, and further increasing to ₹12.35 Cr by 28 Feb 2026. This indicates a significant growth in profitability over the periods.
Valuation
The implied P/E ratio at the issue price is approximately 12.15, compared to peers trading at a P/E range of 4.69.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the unofficial market before the stock is listed on the exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Subscription Demand
As of 27th August 2026, the total subscription was 1.5 times the shares offered. The Retail (RII) category saw the highest demand, with a subscription of 2.3 times. QIBs subscribed at 1.01 times, while NII categories had lower subscription rates, with sNII at 0.8 times and bNII at 0.86 times.
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. Factors such as the company's growth potential, market conditions, and financial health should be considered.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO. Those who are not comfortable with the inherent uncertainties and fluctuations associated with new stock listings should also consider other investment options.
IPO Timeline, Explained
The IPO process includes several key dates: the offering opens on 24th August 2026, closes on 27th August 2026, allotment is expected on 28th August 2026, and the listing on the exchange is anticipated on 1st September 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. While some IPOs may experience a surge in price on their first day of trading, others may not perform as expected. Investors should be prepared for the possibility of volatility.
This evaluation is generated from Madhur Knit'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 Madhur Knit IPO GMP today?
Madhur Knit IPO GMP today is +₹2.0 (2.0%), indicating an estimated listing price of ₹102. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Madhur Knit IPO?
The price band of Madhur Knit IPO is ₹95.0–₹100.0 per share.
When does Madhur Knit IPO open and close?
Madhur Knit IPO opens on 24 August 2026 and closes on 27 August 2026.
When does Madhur Knit IPO list on the stock exchange?
Madhur Knit IPO listed on 01 September 2026 at ₹102.0.
What is the lot size for Madhur Knit IPO?
The lot size for Madhur Knit IPO is 1200 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the price band for the Madhur Knit IPO?
The price band for the Madhur Knit IPO is ₹95 to ₹100.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹240,000.
What is the lot size for the Madhur Knit IPO?
The lot size for the Madhur Knit IPO is 1200 shares.
When is the listing date for the Madhur Knit IPO?
The listing date for the Madhur Knit IPO is expected on 1st September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Aug 2026
Close
27 Aug 2026
Allotment
28 Aug 2026
Listing
01 Sep 2026
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