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Latest GMP
- Lead Manager
- SKI Capital Services Limited
- IPO Registrar
- Skyline Financial Services Private Limited
- IPO Open Date
- 24th Aug 2026
- IPO Close Date
- 27th Aug 2026
- Allotment date
- 28th Aug 2026
- Listing date
- 1st Sep 2026
- Issue Size
- ₹ 53 Cr.
- Issue Price Band
- ₹ 95 to 100
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 240000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Madhur Knit Crafts Limited
Incorporated in August 1997, Madhur Knit Crafts Limited is a textile manufacturing company engaged in the production of fabrics, blankets, winter textiles, garments, and other textile products.
The Company commenced commercial operations in 2013 with a focus on manufacturing blankets and has since diversified its product portfolio to cater to consumer, industrial, and institutional textile requirements.
Manufacturing Model
The Company operates an integrated yarn-to-cloth manufacturing model, undertaking processes including knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding, and finishing.
Its manufacturing facility is located in Ludhiana, Punjab, a well-established textile hub, providing access to raw materials, suppliers, logistics services, and distribution networks. The facility is equipped with modern textile machinery sourced from Korea, Taiwan, and China and is supported by an in-house Effluent Treatment Plant. The Company is also ISO 9001:2015 certified for its quality management system.
Business Approach
Madhur Knit Crafts follows a made-to-order production model, manufacturing products primarily against confirmed customer orders. Its products are marketed through wholesalers, distributors, retailers, institutional buyers, and direct customer relationships across India.
The Company also undertakes job work services, including dyeing, knitting, and finishing, for third-party textile companies.
Workforce
As of February 28, 2026, the Company had 177 employees, including Directors and Key Managerial Personnel, across finance and accounts, administration and HR, sales and marketing, production, quality control, stores, engineering, and maintenance functions.
Competitive Strengths
- Vertically integrated manufacturing operations
- Advanced machinery and manufacturing infrastructure
- Strategic location in Ludhiana’s textile hub
- Diversified product portfolio
- Order-based and demand-driven production model
- Robust supplier and distribution network
- Emphasis on quality assurance and customization
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Financials of Madhur Knit Crafts Limited
A quick overview of the key financial performance of Madhur Knit Crafts Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 13%, Profit after Tax (PAT) increased by 12%, Total Assets increased by 30% between FY2025 and FY2026 (Feb).
| Period Ended | FY2023 | FY2024 | FY2025 | FY2026 (Feb) |
|---|---|---|---|---|
| Revenue | 89.56 | 108.41 | 171.76 | 194.79 |
| Assets | 64.59 | 90.60 | 122.59 | 159.97 |
| Total Income | 89.56 | 108.41 | 171.76 | 194.79 |
| Profit After Tax | 0.90 | 1.70 | 11.03 | 12.35 |
| EBITDA | 5.51 | 8.04 | 23.28 | 25.67 |
| Net Worth | 14.54 | 16.24 | 29.49 | 43.61 |
| Reserves & Surplus | 4.84 | 6.54 | 18.76 | 29.93 |
| Total Borrowings | 34.18 | 57.79 | 67.20 | 73.54 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,400
₹ 2,40,000
Individual Investors (IND) (Max)
2
2,400
₹ 2,40,000
S-HNI (Min)
3
3,600
₹ 3,60,000
S-HNI (Max)
8
9,600
₹ 9,60,000
B-HNI (Min)
9
10,800
₹ 10,80,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,400 | ₹ 2,40,000 |
| Individual Investors (IND) (Max) | 2 | 2,400 | ₹ 2,40,000 |
| S-HNI (Min) | 3 | 3,600 | ₹ 3,60,000 |
| S-HNI (Max) | 8 | 9,600 | ₹ 9,60,000 |
| B-HNI (Min) | 9 | 10,800 | ₹ 10,80,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 28.33 |
| ROCE (%) | 31.11 |
| Debt / Equity | 1.69 |
| RoNW (%) | 28.33 |
| PAT Margin (%) | 6.34 |
| EBITDA Margin (%) | 13.19 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
9.2
7.19
|
| P/E (x) |
12.15
13.91
|
| Promoter Holding (%) |
69.82
-
|
| Market Cap | 134 |
IPO Lead Manager(s)
Lead Manager Details
- SKI Capital Services Limited
- Contact Person: Mr. Ghanisht Nagpal / Mr. Manick Wadhwa
- SEBI Registration Number: INM000012768
- Investor Grievance Email:
- Website: https://www.skicapital.net
- Email: mkcl@skicapital.net
- Phone: +91-011-41189899
- Address: 718, Dr Joshi Road, Karol Bagh, New Delhi - 110005, Delhi, India
IPO Registrar
- Registrar Name
- Skyline Financial Services Private Limited
- ipo@skylinerta.com
- Phone
- 011-40450193-97
- Contact Person
- Mr. Anuj Rana
- SEBI Registration Number
- INR000003241
- Address
- D-153A, First Floor, Okhla Industrial Area, Phase-I, New Delhi - 110020, Delhi, India
- Website
- https://www.skylinerta.com/
Company Contact Details
- Company Name
- Madhur Knit Crafts Limited
- ipo@mkcpl.in
- Phone
- +91 9878009690
- Contact Person
- Mrs. Nikita Tayal
- Corporate Identity Number
- U17301PB1997PLC020381
- Address
- Village - Seera, Sattowal Road, Rahon Road, Eros Bajra Road, Ludhiana, Punjab, India, 141007
- Website
- https://www.mkcpl.in/
Madhur Knit Crafts Limited FAQs
