Archive · 26 Jun 2025
Cedaar Textile IPO Opens June 30, Price Band Set at ₹130-140
Cedaar Textile, a yarn maker, is offering shares to the public in an IPO, starting June 30th.
The shares will cost between ₹130 and ₹140 each.
The company makes yarn used to make clothes.
They plan to use the money raised to install solar panels, upgrade equipment, and cover other costs.
Early interest suggests the shares might start trading at a higher price than the IPO price.
Cedaar Textile IPO opens June 30 with price band of ₹130-140 per share.
The company produces high-quality melange yarn used for home textiles and garments.
IPO consists of a fresh issue of 43,50,000 equity shares, totaling ₹60.90 crore.
Funds will be used for solar power, equipment upgrades, working capital, and issuance expenses.
Grey Market Premium (GMP) indicates a listing price of ₹149, 6.43% above the IPO price.
- Who
- Cedaar Textile, a yarn manufacturer.
- What
- Cedaar Textile IPO opens for subscription.
- When
- Opens June 30 and closes July 2.
- Where
- N/A
- Why
- To raise funds for expansion, equipment upgrades and working capital.
- IPO Open Date
- June 30
- IPO Close Date
- July 2
- Price Band
- ₹130 to ₹140 per share
- Face Value
- ₹10 per share
- Issue Size
- 43,50,000 equity shares
- Total Raise
- ₹60.90 crore
- GMP
- +9