Madhur Knit Crafts Limited is a Ludhiana-based textile manufacturer engaged in knitted fabrics, blankets and ready-made garments, with operations spanning traditional and technical textiles.
The Company operates a vertically integrated textile facility spanning over 300,000 sq. ft., with in-house knitting, dyeing, printing and finishing capabilities and machinery sourced from Germany, Japan, South Korea, Taiwan and China.
The Company serves apparel, home textile and industrial markets, following a made-to-order model supported by a B2B network of dealers, wholesalers and institutional customers.
Products:
- Anti-Pilling Fabric: Fabric designed to resist the formation of small fibre balls (pills) caused by friction and washing.
- Knitted Fabrics: Flexible fabrics produced by interlooping yarns using knitting machines, used in apparel, blankets, cushion covers and industrial products.
- Sherpa Fabric: A soft, fluffy fabric that mimics the texture and insulating properties of sheepskin, commonly used in winterwear and blankets.
- Blankets: The Company’s inaugural product line includes mink, fleece, woollen, and flannel blankets for winter and semi-winter use.
As of the date of the Red Herring Prospectus, the Company had 177 full-time employees, including KMPs and Directors.
Madhur Knit Crafts IPO – Details
| IPO Opening Date | 24 August 2026 |
| IPO Closing Date | 27 August 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 27,00,000 Shares Worth ₹27.00 Crore Fresh Issue: 27,00,000 Shares Worth ₹27.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹100 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Madhur Knit Crafts IPO – Date Schedule
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Basis of Allotment | 28 August 2026 |
| Initiation of Refund | 31 August 2026 |
| Credit of Shares to Demat | 31 August 2026 |
| IPO Listing Date | 01 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 27, 2026 |
Madhur Knit Crafts IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,40,000 |
| Retail (Max) | 2 | 2400 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,60,000 |
| S-HNI (Max) | 8 | 9600 | ₹9,60,000 |
| B-HNI (Min) | 9 | 10800 | ₹10,80,000 |
Competitive Strength
- Vertically Integrated Manufacturing Operations.
- Advanced Machinery and Infrastructure.
- Strategic Location Advantage.
- Diversified Product Portfolio.
- Order-Based and Demand-Driven Production Model.
Company Promoters
- Arun Gupta
- Piyush Gupta
- Chirag Gupta
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹89.56 Cr | ₹88.56 Cr | ₹0.90 Cr | ₹20.99 Cr |
| 31 March 2024 | ₹108.41 Cr | ₹106.42 Cr | ₹1.70 Cr | ₹35.83 Cr |
| 31 March 2025 | ₹171.76 Cr | ₹156.87 Cr | ₹11.03 Cr | ₹29.61 Cr |
| 28 February 2026 | ₹194.79 Cr | ₹178.21 Cr | ₹12.35 Cr | ₹29.61 Cr |
Key Performance Indicator
| KPI | Values (Feb 28, 2026) |
|---|---|
| ROE | 28.33% |
| ROCE | 31.11% |
| Debt/Equity | 1.69 |
| RoNW | 28.33% |
| PAT Margin | 6.34% |
| EBITDA Margin | 13.19% |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.51 | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding capital expenditure for the purchase of a solar panel. | ₹4.00 |
| Working Capital Requirement of the Company. | ₹15.92 |
| Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company. | ₹20.85 |
| General Corporate Purpose. | – |
✅Strengths
- Integrated manufacturing operations.
- Advanced machinery and infrastructure.
- Diversified textile product portfolio.
- Strong supplier and distribution network.
- Experienced promoters and skilled workforce.
⚠️Risks
- Heavy business concentration in Punjab.
- Dependence on a few major customers.
- Past negative cash flows.
- Dependence on limited raw-material suppliers.
- Seasonal nature of business.
- Related-party transactions and short-term rented premises.
Madhur Knit Crafts IPO Promoter Holding
| Pre-Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Madhur Knit Crafts IPO Prospectus
Company Contact Information
| Madhur Knit Crafts Limited illage – Seera, Sattowal Road, Rahon Road, Eros Bajra Road, Ludhiana, Punjab, 141007 Phone: +91 91 987800969 Email: ipo@mkcpl.in Website: https://www.mkcpl.in/ |
Madhur Knit Crafts IPO Registrar
| Skyline Financial Services Pvt. Ltd. Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Madhur Knit Crafts IPO Lead Manager(s)
| 1. SKI Capital Services Ltd. |
Madhur Knit Crafts IPO FAQ
| What is the Madhur Knit Crafts IPO? Madhur Knit Crafts IPO is an SME IPO. The issue is priced at ₹95 – ₹100 per equity share. The IPO is to be listed on NSE SME. |
| When will Madhur Knit Crafts IPO open? The IPO is to open on 24 August 2026 for QIB, NII and Retail Investors. |
| What is Madhur Knit Crafts IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Madhur Knit Crafts IPO Size? Madhur Knit Crafts IPO size is ₹27.00 Crore. |
| What are the Madhur Knit Crafts IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,40,000, while the maximum bid is 2400 Shares for ₹2,40,000. |
| What is the Madhur Knit Crafts IPO Allotment Date? Madhur Knit Crafts IPO allotment date is 28 August 2026. |
| What is the Madhur Knit Crafts IPO Listing Date? Madhur Knit Crafts IPO listing date is 01 September 2026. The IPO is to be listed on the NSE SME. |
