Archive · 21 Aug 2026
Madhur Knit Crafts Sets ₹53.28 Crore IPO For Expansion
Madhur Knit Crafts is a company that makes many kinds of textile products.
It plans to sell new shares to the public through an IPO.
The IPO will open on August 24 and close on August 27.
Each share will cost between ₹95 and ₹100.
The company hopes to raise ₹53.28 crore.
It will use much of the money to repay loans and support day-to-day business needs.
Some money will be used to buy solar panels.
The company plans to list the shares on the NSE Emerge platform.
Madhur Knit Crafts will open its ₹53.28 crore IPO for subscription from August 24 to August 27.
The company has set the price band at ₹95–100 per share and plans to list on NSE Emerge.
The entirely new issue comprises 53.28 lakh equity shares, with a 1,200-share application lot.
Proceeds will fund debt repayment, working capital, solar panels, general corporate purposes and issue expenses.
For the 11 months ended February 28, 2026, the company reported ₹194.79 crore in income and ₹12.35 crore in profit after tax.
- Who
- Madhur Knit Crafts, a textile manufacturer, is launching the IPO; Managing Director Arun Gupta commented on the offering.
- What
- The company is launching a ₹53.28 crore initial public offering consisting entirely of new shares.
- When
- The IPO will open on August 24 and close on August 27; financial results cited cover the 11 months ended February 28, 2026.
- Where
- The shares are proposed to be listed on the NSE Emerge platform; the announcement was datelined New Delhi.
- Why
- The proceeds will be used for working capital, debt repayment, solar-panel purchases, general corporate purposes and issue-related expenses.
- IPO size
- ₹53.28 crore
- Subscription dates
- August 24 to August 27
- Price band
- ₹95–100 per equity share
- Issue structure
- 53.28 lakh new equity shares
- Application lot
- 1,200 shares
- Planned debt repayment
- ₹20.85 crore
- Planned working capital
- ₹15.92 crore
- Solar-panel investment
- ₹3.68 crore