Cedaar Textile Limited is a fast-growing textile manufacturer specializing in a wide range of sustainable and innovative yarns.
🧵 The company produces:
- Melange Yarns – ideal for household textiles and fashion fabrics
- Solid Top-Dyed Yarns – high-color vibrancy for premium wear
- Grey Fancy Yarns – textured threads for unique garment finishes
🌱 Cedaar’s offerings are crafted using eco-friendly raw materials like organic and recycled cotton, polyester, viscose, acrylic, Tencel, and Modal, supporting a greener planet.
🚀 With a focus on R&D, digitalization, and green energy (2MW solar plant installed), Cedaar caters to top-tier Indian and international brands. Their yarns are key inputs in garments sold by global fashion leaders.
📍 Incorporated in 2020 and headquartered in Bangalore, Cedaar has quickly emerged as a reliable name in both B2B and export textile segments.
As of June 1, 2025, the company has 583 payroll employees and continues to invest in innovation, sustainability, and quality excellence.
Cedaar Textile IPO – Details
| IPO Opening Date | 30 June 2025 |
| IPO Closing Date | 02 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 43,50,000 Shares Worth ₹60.90 Crore Fresh Issue: 43,50,000 Shares Worth ₹60.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹130 – ₹140 per share |
| Market Lot | 1,000 |
| Min Order | 1,000 Shares ( 1 Lot ) |
| Listing At | NSE SME |
| Registrar | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Cedaar Textile IPO – Date Schedule
| IPO Open Date | 30 June 2025 |
| IPO Close Date | 02 July 2025 |
| Basis of Allotment | 03 July 2025 |
| Initiation of Refund | 04 July 2025 |
| Credit of Shares to Demat | 04 July 2025 |
| IPO Listing Date | 07 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 02, 2025 |
Cedaar Textile IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Competitive Strengths
- 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 Promoters
- Rajesh Mittal
- Virender Goyal
- Bachangada Monnappa Saraswathi
- Monnappa Nachappa Bachangada
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2022 | ₹220.44 Cr | ₹202.14 Cr | ₹7.99 Cr | ₹121.01 Cr |
| 31 March 2023 | ₹161.88 Cr | ₹144.62 Cr | ₹4.59 Cr | ₹137.01 Cr |
| 31 March 2024 | ₹191.01 Cr | ₹160.87 Cr | ₹11.05 Cr | ₹146.15 Cr |
| 31 December 2024 | ₹113.91 Cr | ₹92.44 Cr | ₹7.06 Cr | ₹120.63 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 56.06% |
| ROCE | 26.90% |
| Debt/Equity | 5.79 |
| RoNW | 56.06% |
| PAT Margin | 5.83% |
| EBITDA Margin | 15.19% |
| Price to Book Value | 4.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.60 | 7.33 |
| P/E (x) | 12.07 | 19.11 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Installation of Grid-tied Solar PV Rooftop System for Captive evacuation. | ₹8.00 |
| Modernization of the Machines. | ₹17.00 |
| To meet working capital requirements. | ₹24.90 |
| General Corporate Purpose. | |
| Issue Expenses. |
Cedaar Textile IPO Peer Comparison
| S.No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 2 | 10 | Shiva Texyarn Limited | 22.70 |
| 3 | 2 | Vardhman Textiles Limited | 17.03 |
✅Strengths
- Diverse yarn portfolio (melange, fancy, top-dyed).
- Eco-friendly & recycled raw materials.
- Export-driven growth with premium clients.
- Green energy use (2 MW solar).
- Tech-enabled & R&D-focused operations.
⚠️Risks
- Entire setup on leased premises.
- High borrowings (₹67.76 Cr).
- Raw material price volatility.
- Pending GST & IT demands.
- Labour-intensive operations.
Cedaar Textile IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 68.66% |
Cedaar Textile IPO Prospectus
Company Contact Information
| Cedaar Textile Limited KSSIDC Plot No B-34 Industrial Estate, Yelahanka New Town, Bangalore Urban, Karnataka, 560064 Phone: +91 9815610607 Email: Info@cedaartextile.com Website: https://cedaartextile.com/ |
Cedaar Textile IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Cedaar Textile IPO Lead Manager(s)
| 1. Fast Track Finsec Pvt Ltd |
Cedaar Textile IPO FAQ
| What is Cedaar Textile IPO? Cedaar Textile IPO is a SME IPO. The issue is priced at ₹130 to ₹140 per equity share. The IPO is to be listed on NSE SME. |
| When Cedaar Textile IPO will open? The IPO is to open on 30 June 2025 for QIB, NII, and Retail Investors. |
| What is Cedaar Textile IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Cedaar Textile IPO? You can apply Cedaar Textile IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Cedaar Textile IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Cedaar Textile IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Cedaar Textile IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Cedaar Textile IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Cedaar Textile IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Cedaar Textile IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Cedaar Textile IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Cedaar Textile IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Cedaar Textile IPO Size? Cedaar Textile IPO size is ₹60.90 Crore. |
| What is the Cedaar Textile IPO Price Band? Cedaar Textile IPO Price Band is ₹130 to ₹140. |
| What is Cedaar Textile IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1,000 Shares with ₹1,40,000 amount while the maximum bid is 1,000 Shares with ₹1,40,000. |
| What is the Cedaar Textile IPO Allotment Date? Cedaar Textile IPO allotment date is 03 July 2025. |
| What is the Cedaar Textile IPO Listing Date? Cedaar Textile IPO listing date is 07 July 2025. The IPO is to be listed on the NSE SME. |
