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Madhur Knit IPO IPO

SME[.][.]
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Allotment
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Listing
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Issue Size
56,00,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight

Restated Financials (₹ Cr.)

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets140.76122.5990.6064.59
Total Income65.23171.76108.4189.56
Profit After Tax3.0211.031.700.90
EBITDA7.0723.288.045.51
NET Worth32.5029.4916.2414.54
Reserves and Surplus19.0918.766.544.84
Total Borrowing72.1967.2057.7934.18
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Shreedhar Spinners Ltd.SME₹30.68 Cr₹5313.44₹57.10+7.74%₹90.05 (-3.69%)
Harikanta Overseas Ltd.SME₹24.30 Cr₹9114.66₹75.77-16.74%₹74.49 (-1.18%)
Yajur Fibres Ltd.SME₹120.41 Cr₹17423.49₹132.25-23.99%₹37.39 (+2.02%)
K K Silk Mills Ltd.SME₹28.50 Cr₹3812.12₹30.40-20.00%₹10.01 (-2.34%)
Game Changers Texfab Ltd.SME₹54.84 Cr₹10210.58₹109.35+7.21%₹95.75 (-1.29%)
Sihora Industries Ltd.SME₹10.56 Cr₹6613.14₹66.50+0.76%₹59.00 (+0.00%)
Siddhi Cotspin Ltd.SME₹69.85 Cr₹10816.06₹82.10-23.98%₹28.55 (+0.35%)
Rachit Prints Ltd.SME₹19.50 Cr₹14911.85₹113.25-23.99%₹204.00 (-0.07%)
Alpine Texworld Ltd.Mainboard₹126.25 Cr₹10512.68₹99.75-5.00%₹85.54 (-4.99%)
Kusumgar Ltd.Mainboard₹650.00 Cr₹41944.8₹602.80+43.87%₹601.35 (-1.30%)
Aastha Spintex Ltd.Mainboard₹170.00 Cr₹13618.78₹136.49+0.36%₹102.62 (-0.58%)
Shree Ram Twistex Ltd.Mainboard₹110.24 Cr₹10438.21₹71.40-31.35%₹40.28 (+0.20%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding capital expenditure for the purchase of Solar panel.4.00
2Working Capital Requirement of the Company.14.10
3Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company17.40
4General Corporate Purposes35.50

About Madhur Knit IPO

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.

Contact Details

Madhur Knit Crafts Ltd. AddressVillage - Seera,Sattowal Road, Rahon Road,Eros Bajra RoadLudhiana, Punjab, 141007+91 91 987800969ipo@mkcpl.inVisit Website