Madhur Knit Crafts IPO: Madhur Knit Crafts Limited, a textile manufacturing company that manufactures fabrics, blankets, winter wear, garments and other textile products, has come up with its SME IPO in the market, through which the company wants to raise ₹53.27 crore. Madhur Knit Crafts IPO will open for subscription on August 24, 2026, and close August 27, 2026.
Madhur Knit Crafts IPO is a book build issue of 53,26,800 shares (₹53.27 Cr.). The issue is a combination of a fresh issue of 53,26,800 shares (₹53.27 Cr.).
The price band for Madhur Knit Crafts IPO is ₹95 to ₹100 per share. The minimum application size is 2 lot (2,400 shares), requiring a retail investor to invest at least ₹2,40,000 (based on the upper price band).
Madhur Knit Crafts IPO Details
| Open Date | August 24, 2026 |
| Close Date | August 27, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹95.00 – ₹100.00 Per Share |
| Listing On | NSE, SME |
| Issue Size | ₹53.27 Cr. (53,26,800 Shares) |
| Fresh Issue | ₹53.27 Cr. (53,26,800 Shares) |
| Offer For Sale | Not Applicable |
| Prospectus | RHP | Anchor Investors |
Madhur Knit Crafts IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 9.48% | 5,05,200 |
| NII | 42.76% | 22,77,600 |
| RII | 42.76% | 22,77,600 |
| Market Maker Firm Reservations | 5.00% | 2,66,400 |
| Total | 100.00% | 53,26,800 |
Madhur Knit Crafts IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum & Maximum | 2 | 2,400 | ₹2,40,000 |
| S-HNI Minimum | 3 | 3,600 | ₹3,60,000 |
| S-HNI Maximum | 8 | 9,600 | ₹9,60,000 |
| B- HNI Minimum | 9 | 10,800 | ₹10,80,000 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹187.37 Cr. (On Upper Price) |
| P/E Ratio | 12.15x |
| EPS | ₹8.23 |
| ROE | 28.33% |
| ROCE | 31.11% |
| RoNW | 28.33% |
| Dept/Equity | 1.69 |
| EBITDA Margin | 13.19% |
| PAT Margin | 6.34% |
| Net Assets Value | ₹32.47 |
| Price To Book Value | 3.08x |
Madhur Knit Crafts IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Kaytex Fabrics Limited | 4.69x | ₹12.79 | 14.98% | ₹79.27 |
Madhur Knit Crafts IPO Dates
| Open Date | August 24, 2026 |
| Close Date | August 27, 2026 |
| Allotment Date | August 28, 2026 |
| Refund Date | August 31, 2026 |
| Share Credit Date | August 31, 2026 |
| Listing Date | September 01, 2026 |
Madhur Knit Crafts Limited Company Financial Report {Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| February 2026 | ₹159.97 Cr. | ₹194.79 Cr. | ₹178.21 Cr. | ₹43.61 Cr. | ₹12.35 Cr. | ₹25.67 Cr. | ₹29.93 Cr. | ₹73.54 Cr. |
| March 2025 | ₹122.59 Cr. | ₹171.76 Cr. | ₹156.87 Cr. | ₹29.49 Cr. | ₹11.03 Cr. | ₹23.28 Cr. | ₹18.76 Cr. | ₹67.20 Cr. |
| March 2024 | ₹90.60 Cr. | ₹108.41 Cr. | ₹106.42 Cr. | ₹16.24 Cr. | ₹1.70 Cr. | ₹8.04 Cr. | ₹6.54 Cr. | ₹57.79 Cr. |
Company Promoters
- Arun Gupta
- Piyush Gupta
- Chirag Gupta
| Holding Pre Issue | 1,34,10,125 Shares | 100.00% |
| Holding Post Issue | 1,87,36,925 Shares | 71.57% |
Madhur Knit Crafts IPO Lead Managers
- SKI Capital Services Limited
Madhur Knit Crafts IPO Registrar
Skyline Financial Services Private Limited
Telephone: 011-26812682
Email: ipo@bigshareonline.com
Website: https://www.skylinerta.com/ipo.php
About Madhur Knit Crafts Limited
Madhur Knit Crafts Limited Company was initially incorporated on August 21, 1997, as a private limited company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Following a resolution of the shareholders passed at the Extraordinary General Meeting held on January 22, 2025, the Company was converted into a public limited company and its name was changed to Madhur Knit Crafts Limited.
The company was founded by Mr. Arun Gupta along with his brothers – Mr. Rajesh Gupta, Mr. Ravi Gupta, and Mr. Vishnu Gupta – with the goal of becoming a textile manufacturer focused on product development and process efficiency. The company was incorporated in 1997 but began commercial operations in 2013, focusing on blankets. Since then, the company has grown into a diversified textile business offering a wide range of fabrics and garments. While the company has also ventured into technical textiles, including paint roller fabrics that require precise processes such as chemical coating and lamination, revenue from these segments is minimal, and the majority of operations are driven by consumer textile products.
The company’s operations are primarily based in Ludhiana, a renowned textile hub that offers access to a reliable network of suppliers, raw materials (such as yarn), logistics service providers, and national distribution channels. This location ensures supply chain stability, easy procurement, and timely dispatch of finished goods. Over the past few years, the company has transformed from minimal processing to a fully integrated yarn-to-cloth manufacturing model, focusing on complete value addition, from converting yarn into finished fabric and producing high-quality textile products.
In recent years, significant capital expenditure has been made to build a modern production facility, increasing production capacity, operational efficiency, and product quality. These investments have improved production processes, reduced labor-intensive operations, and lowered maintenance costs. The company’s production infrastructure includes advanced machinery such as a PLC-controlled multi-chamber system (8 chambers) with thermal oil heating, brushing machines, fabric embossing 3D punching machines, bonding machines, dyeing machines (4 units), shearing and printing machines, and hydraulic lifts for material handling.
At Madhur Knit Crafts Limited, they are committed to maintaining high standards of environmental, health, and safety across all operations. Their in-house Effluent Treatment Plant (ETP) treats wastewater generated during dyeing and processing to remove harmful contaminants before it is safely reused for certain operations and to support natural vegetation. These practices reduce freshwater consumption and promote sustainable water management, demonstrating the company’s commitment to responsible and eco-conscious manufacturing.
Company Strengths (In Details)
- Vertically Integrated Manufacturing Operations: Madhur Knit Crafts Limited operates a fully integrated manufacturing facility that brings together all major textile processing stages, such as weaving, dyeing, printing, stentering, brushing, raising, and finishing, into a single production hub. This integrated setup allows the company to manage the manufacturing process in-house, reducing reliance on external vendors, supporting production timelines, and enabling customization for made-to-order and technical textile products.
- Advanced Machinery and Infrastructure: The company has strategically invested in the latest, high-speed textile machinery imported from technologically advanced countries such as Germany, Japan, South Korea, Taiwan, and China. These include circular knitting machines, high-pressure dyeing units, flatbed and rotary printers, stenter machines, and chemical coating units. This equipment supports the manufacture of textile products for mass production and specific performance requirements. Over 300,000 square feet of built-up manufacturing area ensures scalable operations, optimal layout planning, and high throughput efficiency.
- Strategic Location Advantage: Located in Ludhiana, Punjab, one of India’s largest textile and hosiery hubs, Madhur Knit Crafts benefits from easy access to raw material suppliers, skilled labor, supporting industries, and efficient logistics infrastructure. Having a local yarn distributor nearby allows for just-in-time procurement, shorter lead times, and lower freight costs. Located in a textile cluster provides access to local industry resources, vendor relationships, and market insights.
- Diversified Product Portfolio: The company’s product range includes several textile categories, including mink, wool, fleece, and flannel blankets; knitted winterwear fabrics; and garments. This diversification allows Madhur Knit Crafts to address both consumer and industrial markets, spread risk across multiple revenue streams, and respond flexibly to changing seasonal or economic conditions. The addition of technical textiles has expanded the company’s presence in the increasingly demanding industrial segment.
- Order-Based and Demand-Driven Production Model: The company follows a made-to-order production strategy, in which manufacturing begins only upon receipt of a confirmed customer order. This approach minimizes overproduction and avoids excess inventory, leading to efficient utilization of raw materials and efficient use of working capital. Aligning procurement and production with actual market demand, especially during peak or seasonal cycles, ensures efficient resource utilization and better financial control.
- Robust Supplier and Distribution Network: Madhur Knit Crafts has built a strong supplier base in Ludhiana and other textile-producing states, providing consistent access to high-quality yarn and greige fabric. On the distribution front, the company maintains a large B2B network of dealers, wholesalers, and institutional partners. A limited retail footprint for finished products like blankets further enhances market coverage. This dual-channel structure ensures greater geographic reach and revenue diversification.
- Experienced Promoters and Skilled Workforce: The company is promoted and led by Mr. Arun Gupta and his family, who bring decades of industry experience and a strategic vision. Their long-standing presence in the textile sector has helped the company build strong relationships with vendors, distributors, and customers. Supported by a professionally trained workforce and technical staff across all manufacturing and administrative functions, Madhur Knit Crafts is well-positioned to maintain high standards of productivity, innovation, and quality compliance.
- Emphasis on Quality Assurance and Customization: Madhur Knit Crafts Limited places great emphasis on product quality, and quality checks are performed at every critical stage of the manufacturing process. The company is equipped to provide fabrics tailored to specific customer requirements in terms of weight, blend, design, and finish. This capability allows us to serve B2B clients, including those in the technical and performance textile categories. The company’s commitment to quality is further reinforced by its ISO 9001:2015 certification, which ensures that all products meet stringent international standards.
Objects Of The Issue (Total Estimated Amount ₹40.44 Cr.)
- Funding capital expenditure for the purchase of Solar panel. (Estimated Amount ₹3.68 Cr.)
- Working Capital Requirement of the Company. (Estimated Amount ₹15.92 Cr.)
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. (Estimated Amount ₹20.85 Cr.)
Company Address
Madhur Knit Crafts Limited
Address: Village – Seera, Sattowal Road, Rahon Road, Eros Bajra Road
Ludhiana, Punjab, 141007
Telephone: 9878009690
Email: ipo@mkcpl.in
Website: https://www.mkcpl.in/
Madhur Knit Crafts IPO FAQs
What are the open and close dates of the Madhur Knit Crafts IPO?
The Madhur Knit Crafts IPO will open on August 24, 2026 and close on August 27, 2026.
What is the price band for Madhur Knit Crafts IPO?
The price band for the Madhur Knit Crafts IPO is ₹95 to ₹100 per share.
What is the issue size of the Madhur Knit Crafts IPO?
The total issue size of the Madhur Knit Crafts IPO is ₹53.27 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Madhur Knit Crafts IPO Minimum and Maximum Lot Size?
The minimum maximum bid is 2 Lot, 2,400 Shares with ₹2,40,000 amount for the Madhur Knit Crafts IPO.
What is Madhur Knit Crafts IPO Investors Portion?
The investors portion for QIB 10%, NII 45%, RII 45% for the Madhur Knit Crafts IPO.
When will the allotment for the Madhur Knit Crafts IPO be finalized?
The Madhur Knit Crafts IPO allotment is expected to be finalized on August 28, 2026.
When will the shares of Madhur Knit Crafts IPO get listed?
The Madhur Knit Crafts IPO shares are expected to be listed on NSE and SME on September 01, 2026.
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IPO Investors Team Has Researched And Prepared This Content After Reviewing The Madhur Knit Crafts IPO Red Herring Prospectus (RHP) And Other Official IPO Related Documents Publicly Available To Investors.
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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