Madhur Knit Crafts
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 1.01×
- Big non-institutionalbNII · above ₹10 lakh
- 0.87×
- Small non-institutionalsNII · ₹2–10 lakh
- 0.72×
- Retail individualRII · up to ₹2 lakh
- 2.18×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 15 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 01 Sep 2026 | ₹2 | +2.00% | ₹1,800 | ₹102 | ₹2,400 |
| 31 Aug 2026 | ₹2 | +2.00% | ₹1,800 | ₹102 | ₹2,400 |
| 30 Aug 2026 | ₹2 | +2.00% | ₹1,800 | ₹102 | ₹2,400 |
| 29 Aug 2026 | ₹2 | +2.00% | ₹1,800 | ₹102 | ₹2,400 |
| 28 Aug 2026 | ₹2 | +2.00% | ₹1,800 | ₹102 | ₹2,400 |
| 27 Aug 2026 | ₹2 | +2.00% | ₹1,800 | ₹102 | ₹2,400 |
| 26 Aug 2026 | ₹14 | +14.00% | ₹12,800 | ₹114 | ₹16,800 |
| 25 Aug 2026 | ₹16 | +16.00% | ₹14,600 | ₹116 | ₹19,200 |
| 24 Aug 2026 | ₹16 | +16.00% | ₹14,600 | ₹116 | ₹19,200 |
| 23 Aug 2026 | ₹9 | +9.00% | ₹8,200 | ₹109 | ₹10,800 |
| 22 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹100 | ₹0 |
| 21 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹100 | ₹0 |
| 20 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹100 | ₹0 |
| 19 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹100 | ₹0 |
| 18 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹100 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 2,02,800 | 2,04,000 | ₹2.04 Cr | 1.01× |
| Non-institutional | 22,77,600 | 16,78,800 | ₹16.79 Cr | 0.74× |
| Big non-institutionalwithin NII | 12,52,000 | 10,82,400 | ₹10.82 Cr | 0.86× |
| Small non-institutionalwithin NII | 7,59,200 | 6,04,800 | ₹6.05 Cr | 0.80× |
| Retail individual | 22,77,600 | 52,41,600 | ₹52.42 Cr | 2.30× |
| Total | 47,58,000 | 71,32,800 | ₹71.33 Cr | 1.50× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 27 Aug, 05:11 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 24 Aug 2026 – 27 Aug 2026
- Listing date
- 01 Sep 2026
- Face value
- ₹10 per share
- Price band
- ₹95 – ₹100
- Issue price
- ₹100 per share
- Lot size
- 1,200 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹53.27 Cr
- Fresh issue
- ₹50.60 Cr 50,60,400 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹187 Cr
- Promoter holding
- 98.01% → 70.55% pre-issue → post-issue
- ISIN
- INE1P5601010
- CIN
- U17301PB1997PLC020381
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- SKI Capital Services Ltd.
- Registered office
- Village - Seera, Sattowal Road, Rahon Road, Eros Bajra Road, Ludhiana, Punjab, India, 141007
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 2,02,800 | 4.26% | 4.04% |
| Anchor investor · within QIB | 3,02,400 | — | 6.02% |
| NII (HNI) | 22,77,600 | 47.87% | 45.33% |
| bNII > ₹10L · within NII | 15,18,400 | — | 30.22% |
| sNII < ₹10L · within NII | 7,59,200 | — | 15.11% |
| Retail (RII) | 22,77,600 | 47.87% | 45.33% |
| Employee | 0 | — | 0.00% |
| Market maker | 2,66,400 | — | 5.30% |
| Total issue | 50,24,400 | — | 100.00% |
Net offer to the public of 47,58,000 shares, out of a total issue of 50,24,400. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 1,200 shares per lot, in multiples, at ₹100
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,20,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,40,000 |
| S-HNI (max) | 8 | 9,600 | ₹9,60,000 |
| B-HNI (min) | 9 | 10,800 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹100 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.23 | 7.19 |
| P/E (×) | 12.15 | 13.91 |
| Price to book (×) | 4.40 | — |
| Market cap | — | ₹187 Cr |
Key performance indicators
Latest reported period, standalone
- Return on net worth
- 37.42%
- ROCE
- 33.49%
- Debt / equity
- 2.28
- PAT margin
- 6.43%
- EBITDA margin
- 13.56%
- NAV per share
- ₹22.75
- Price to book
- 4.40
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 194.79 | 171.76 | 108.41 |
| Revenue from operations | 194.69 | 171.63 | 108.38 |
| Other income | 0.1 | 0.13 | 0.02 |
| Total expenses | 178.21 | 156.87 | 106.42 |
| Operating profit | 16.58 | 14.89 | 1.99 |
| Operating margin | 8.51% | 8.67% | 1.84% |
| Profit before tax | 16.58 | 14.89 | 1.99 |
| Profit after tax | 12.35 | 11.03 | 1.7 |
| PAT margin | 6.34% | 6.42% | 1.57% |
| Balance sheet | |||
| Total assets | 159.97 | 122.59 | 90.6 |
| Current assets | 126.91 | 89.09 | 60.38 |
| Current liabilities | 85.24 | 60.17 | 42.79 |
| Total liabilities | 116.37 | 93.1 | 74.36 |
| Net worth | 43.61 | 29.49 | 16.24 |
| Current ratio | 1.49× | 1.48× | 1.41× |
| Return on equity | 28.32% | 37.40% | 10.47% |
| Cash flow | |||
| Operating cash flow | 4.44 | -2.56 | -3.68 |
| Investing cash flow | -3.83 | -3.6 | -15.7 |
| Financing cash flow | 1.3 | 6.06 | 19.5 |
| Net cash flow | 1.9 | -0.1 | 0.12 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Capital Expenditure ₹3.67 Cr
Funding capital expenditure for the purchase of Solar panel
2 Working Capital ₹15.92 Cr
Working Capital Requirement of the Company.
3 Debt Repayment ₹20.85 Cr
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
- 4 General Corporate Purposes —
1 of 4 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Madhur Knit Crafts
Madhur Knit Crafts Limited, incorporated in 1997 and based in Ludhiana, Punjab, is a vertically integrated textile manufacturer that commenced commercial operations in 2013. The company operates a fully integrated yarn-to-cloth manufacturing model with advanced machinery supporting knitting, dyeing, printing, brushing, and finishing processes. Located in Ludhiana, a key textile hub, the company benefits from proximity to raw material suppliers, skilled labor, and established logistics networks. Its product portfolio includes anti-pilling fabric, knitted fabrics, sherpa fabric, and blankets (mink, fleece, woolen, and flannel). The company generates revenue primarily from knitted cloth (88.30% of revenue as of February 28, 2026), followed by blankets, job work, and garments. It emphasizes sustainability through an in-house effluent treatment plant for wastewater management.
Management
Arun Gupta
MD
Piyush Gupta
Director & CFO
Chirag Gupta
Whole Time Director
Avinash Rai
Independent Director
Sanjay Kapoor
Independent Director
Gurpreet Kaur
Independent Director
Strengths
As stated in the offer document
Vertically Integrated Manufacturing Operations
"The company operates an integrated facility covering knitting, dyeing, printing, stentering, brushing, raising and finishing, reducing external vendor dependence and supporting customized production.
Advanced Machinery and Infrastructure
The company has invested in advanced textile machinery sourced from Germany, Japan, South Korea, Taiwan and China, supported by a manufacturing area exceeding 300,000 sq. ft.
Strategic Location Advantage
The company benefits from its Ludhiana location, providing access to raw materials, skilled labour, ancillary industries and logistics, with just-in-time procurement and lower freight costs.
Diversified Product Portfolio
The company offers mink, woolen, fleece and flannel blankets, knitted winterwear fabrics, garments and technical textiles, enabling coverage of consumer and industrial markets.
Order-Based and Demand-Driven Production Model
The company follows a made-to-order model based on confirmed customer orders, minimizing overproduction and excess inventory while optimizing raw material utilization and working capital.
Robust Supplier and Distribution Network
The company has established suppliers across Ludhiana and other textile-producing states and maintains a broad B2B network of dealers, wholesalers and institutional customers, supporting geographical reach and revenue diversification.
Experienced Promoters and Skilled Workforce
The company is supported by promoters with decades of textile industry experience and a professionally trained workforce and technical staff, supporting productivity, innovation and quality compliance.
Emphasis on Quality Assurance and Customization
The company conducts quality checks at critical manufacturing stages and provides customized fabrics based on weight, blend, design and finish; ISO 9001:2015 certification reinforces its quality standards.
Risk factors
As stated in the offer document
High geographical concentration in Punjab exposing the company to region-specific risks
The company derives more than 90% of its revenue from Punjab, exposing it to regional economic conditions, regulatory developments, political events, natural calamities, and other localized disruptions. Any adverse developments in Punjab may materially affect the company's business, financial condition and operational performance.
Major portion of revenue depends upon few customers
The company derives significant revenue from a limited customer base, with top 10 customers contributing 34.14% of total revenue in February 2026. The loss of any major customers would have a material adverse effect on business operations and profitability.
Negative cash flows from operations in previous years
The company has reported negative cash flows from operating activities in FY 2025 (-255.82 lakhs), FY 2024 (-367.70 lakhs), and FY 2023 (-4.78 lakhs). Any such negative cash flows in the future could affect the company's business, results of operations and prospects.
Dependence on limited number of suppliers for raw materials
The company sources significant portion of raw materials from limited suppliers, with top 10 suppliers accounting for 52.37% of total procurement in February 2026. Any disruption, price increase, or inability of these suppliers to meet quality or delivery requirements could materially affect operations and profitability.
High geographical concentration of raw material sourcing from Punjab
The company sources 99.26% of total procurement from Punjab as of February 2026. This high geographical concentration exposes the company to risks from regional economic, political, or environmental developments that could materially impact operations and financial performance.
Dependence on short-term rental agreements for operational premises
The company operates from premises on 11-month rental agreements that do not provide long-term security of tenure. Non-renewal or termination could result in business disruption, increased relocation costs, operational delays, and temporary loss of productivity.
Significant working capital requirements
The company has substantial working capital needs driven by inventory and trade receivables. Working capital requirement as percentage of revenue stood at 43.09% in February 2026. Inability to manage working capital efficiently may necessitate additional funding and adversely affect profitability and operational flexibility.
Dependence on single manufacturing facility
The company's business is primarily dependent on its sole manufacturing facility located in Punjab. Any prolonged disruption, equipment breakdown, machinery failure, or regulatory non-compliance at this facility could have a material adverse effect on business, financial condition, and results of operations.
Lenders have charges over company's movable and immovable properties
The company has secured borrowings by creating charges on current assets, movable plant and machinery, fixed deposits, and equitable mortgage over immovable properties. In case of default, lenders may enforce their rights and take possession of secured properties and assets, materially affecting operations and financial condition.
Seasonal nature of business affecting revenue patterns
The company's business is significantly influenced by seasonal demand, particularly due to focus on winter wear garments and fabrics. Sales are typically higher during winter months and lower during off-season periods, which could adversely affect revenue, inventory management, and overall financial performance.
Company Analysis
from PROSPECTUSMadhur Knit Crafts Limited is a Ludhiana-based textile manufacturing company engaged in the production of fabrics and garments, with a primary focus on consumer textile products such as blankets, operating across apparel, home textile, and industrial applications.
Madhur Knit Crafts Limited, incorporated in 1997 and based in Ludhiana, Punjab, is a vertically integrated textile manufacturer that commenced commercial operations in 2013. The company operates a fully integrated yarn-to-cloth manufacturing model with advanced machinery supporting knitting, dyeing, printing, brushing, and finishing processes. Located in Ludhiana, a key textile hub, the company benefits from proximity to raw material suppliers, skilled labor, and established logistics networks. Its product portfolio includes anti-pilling fabric, knitted fabrics, sherpa fabric, and blankets (mink, fleece, woolen, and flannel). The company generates revenue primarily from knitted cloth (88.30% of revenue as of February 28, 2026), followed by blankets, job work, and garments. It emphasizes sustainability through an in-house effluent treatment plant for wastewater management.
Objects of the Issue
- Funding capital expenditure for the purchase of Solar panels ₹400.00 lakhs p.8
- Working Capital Requirement of the Company ₹1,591.65 lakhs p.8
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company ₹2,085.00 lakhs p.8
- General Corporate Purpose p.8
- Funding capital expenditure for the purchase of Solar panel ₹367.50 Lakhs p.101
- Working Capital Requirement of the Company ₹1591.65 Lakhs p.101
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company ₹2085.00 Lakhs p.101
- General Corporate Purposes [●] p.101
- Issue Expenses [●] p.101
- Capital Expenditure ₹367.50 Lakhs p.116
- Working Capital ₹1,591.65 Lakhs p.116
- Debt Repayment ₹2,085.00 Lakhs p.116
- General Corporate Purpose p.113
- Objects of the Offer are not explicitly detailed in the provided document portion
Issue Structure
- Total Issue
- Up to ₹[●] Lakhs
- Fresh Issue
- Up to 53,27,693 Equity Shares aggregating up to ₹[●] Lakhs
- Offer for Sale
- NA
- Price Band
- [●]
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹10 per Equity Share
Business Model
The company manufactures textile products through a vertically integrated yarn-to-cloth model, generating revenue primarily from the sale of knitted fabrics and blankets to customers in apparel, home textile, and industrial applications. Revenue is derived from both retained customers (66.55% of revenue as of February 28, 2026) and new customers (33.45%). The company operates on an order-based and demand-driven production model with a focus on quality assurance and customization.
Business Segments
SWOT Analysis
- • Vertically integrated yarn-to-cloth manufacturing model enabling end-to-end value addition(p.4)
- • Advanced machinery and infrastructure with modern systems for multiple manufacturing processes(p.4)
- • Strategic location in Ludhiana textile hub with proximity to suppliers, skilled labor, and logistics networks(p.4)
- • Diversified product portfolio across apparel, home textile, and industrial applications(p.5)
- • Commitment to sustainability through in-house effluent treatment plant for wastewater management(p.4)
- • Experienced promoter team with decades of textile industry expertise(p.7)
- • Lack of prior Company Secretary guidance but now appointed with experienced consultants(p.52)
- • Current debt-to-equity ratio of 1.69 provides borrowing capacity(p.52)
- • Made-to-order production model minimizes overproduction and optimizes raw material usage(p.52)
- • Solar investment expected to reduce annual electricity costs by approximately ₹141.75 lakhs(p.104)
- • Strong project economics for solar investment with payback period of 2.46 years and XIRR of 36.76%(p.104)
- • Vertically integrated manufacturing with in-house control of all major textile processing stages(p.152)
- • State-of-the-art imported machinery from technologically advanced countries(p.152)
- • Strategic location in Ludhiana textile hub with access to suppliers and infrastructure(p.152)
- • Diversified product portfolio across multiple textile categories(p.152)
- • Order-based production model minimizes overproduction and optimizes working capital(p.152)
- • ISO 9001:2015 certification ensuring stringent quality standards(p.152)
- • Experienced promoters with decades of industry experience(p.152)
- • Strong supplier and distribution network in textile hub(p.152)
- • Diversified product portfolio spanning blankets, ready-made garments, and knitted cloth(p.210)
- • Established presence in textile sector with operational history since 2013(p.176)
- • Strategic product expansion into value-added textiles(p.176)
- • Recent revenue milestone exceeding ₹100 crores demonstrating market traction(p.176)
- • Significant capital investment in advanced machinery and technological upgradation(p.176)
- • Strong promoter shareholding demonstrating commitment and alignment(p.197)
- • Vertically integrated manufacturing with modern equipment(p.254)
- • Strategic location enabling operational efficiency(p.254)
- • Order-based production model improving working capital(p.254)
- • Significant capacity expansion completed(p.254)
- • Reduced customer concentration improving stability(p.254)
- • Strong revenue and profit growth trajectory(p.262)
- • High geographical concentration with 98.18% of revenue from Punjab exposing to regional risks(p.39)
- • Major revenue dependence on few customers with top 5 customers accounting for 24.86% of revenue(p.39)
- • History of negative cash flows in prior years affecting operational liquidity(p.39)
- • Concentration of raw material sourcing from limited number of suppliers (top 3 = 30.48%)(p.40)
- • High dependence on Punjab region for 99.26% of raw material procurement(p.40)
- • Dependence on short-term 11-month rental agreements without long-term tenure security(p.41)
- • Significant working capital requirements growing with business expansion(p.45)
- • History of delays and defaults in statutory payment obligations including GST, TDS and EPF/ESI(p.53)
- • Recurrent delays in TDS and employee welfare contribution deposits due to operational and technical challenges(p.53)
- • Risk of delays or non-payment by clients impacting cash flows(p.52)
- • Made-to-order model exposes company to customer disputes over quality and payment delays(p.52)
- • High debt-to-equity ratio of 1.69 limits financial flexibility(p.52)
- • Directors lack experience in listed company environment affecting corporate governance(p.56)
- • Dependence on ability to attract and retain qualified personnel with competition from well-resourced competitors(p.53)
- • High dependence on top customers with significant revenue concentration(p.149)
- • High debt-to-equity ratio indicating significant financial leverage(p.150)
- • Limited technical textiles revenue contribution despite investment in segment(p.153)
- • High employee attrition rate(p.148)
- • Negative operating cash flow in prior years(p.150)
- • High financial leverage with debt-to-equity ratio of 1.69(p.235)
- • Significant short-term borrowings of ₹4432.66 crores indicating working capital dependency(p.207)
- • Concentration of shareholding among three promoters representing 69.82% of paid-up capital(p.199)
- • Trade receivables aging with significant amounts outstanding beyond one year(p.225)
- • Deferred tax liabilities of ₹168.49 crores indicating timing differences in depreciation(p.222)
- • Provision for doubtful debts increased to ₹44.69 crores, indicating credit quality concerns(p.225)
- • High debt-to-equity ratio(p.240)
- • Significant dependence on few suppliers(p.268)
- • Dependence on key customers(p.270)
- • Moderate capacity utilization(p.254)
- • Outstanding litigation affecting receivables(p.272)
- • Expansion into technical textiles segment as key growth driver(p.6)
- • Increasing geographical presence beyond Punjab to reduce regional concentration(p.6)
- • Revival and expansion of fabric exports to international markets(p.6)
- • India's textile industry projected to grow at CAGR of around 10% reaching US$ 350 billion by 2030(p.6)
- • Government support through PLI schemes, PM MITRA parks, and National Technical Textiles Mission(p.6)
- • Technical textiles emerging as key growth area with increasing industrial applications(p.6)
- • Efficient working capital utilization to avail supplier discounts(p.6)
- • Solar power plant investment to reduce energy costs and support sustainability objectives(p.103)
- • Expansion of manufacturing capacity with transition to fully integrated yarn-to-cloth operations(p.105)
- • Working capital deployment to support incremental business growth and profitability(p.105)
- • Debt reduction to improve balance sheet strength and lower future borrowing costs(p.109)
- • Listing on NSE EMERGE to enhance corporate image and create public market for equity shares(p.101)
- • Expansion into technical textiles for higher margin potential(p.153)
- • Growing Indian textile market projected to reach USD 350 billion by 2030(p.138)
- • Increasing geographical presence in under-penetrated domestic markets(p.153)
- • Revival and expansion of fabric export operations(p.153)
- • Government support through PLI scheme and textile policy initiatives(p.138)
- • Robust demand for Indian textiles with exports projected to reach USD 100 billion(p.138)
- • Expansion into technical textiles and specialty fabrics with industrial applications(p.176)
- • Growing demand across multiple business verticals driving market penetration(p.176)
- • Potential for operational efficiency through continued technological upgradation(p.176)
- • Access to capital markets through IPO to fund growth and reduce debt dependency(p.177)
- • Technical textiles expansion for higher margins(p.254)
- • Domestic market distribution deepening(p.254)
- • Working capital optimization through early payment discounts(p.254)
- • Growing demand for knitted fabrics(p.263)
- • Export potential through compliance and service improvement(p.254)
- • Volatility in raw material prices (polyester yarn, cotton, etc.) affecting production costs(p.44)
- • Geopolitical tensions (Iran-US conflict) impacting crude oil prices and petrochemical-based raw materials(p.44)
- • Seasonal business nature with higher winter demand and lower off-season sales(p.43)
- • Intense competition from organized, unorganized and international players(p.47)
- • Dependence on adequate and uninterrupted supply of electricity and water at reasonable costs(p.47)
- • Rapidly changing consumer preferences and evolving industry trends in fashion-oriented textile industry(p.48)
- • Customer disputes may lead to delayed or withheld payments impacting financial condition(p.52)
- • Cannot assure adequate financing availability in future on acceptable terms(p.52)
- • Changes in government laws and regulations could affect operations and increase compliance costs(p.53)
- • Stringent environmental, health and safety regulations may result in increased liabilities and capital expenditures(p.54)
- • Interest rate fluctuations may adversely affect borrowing costs and profitability(p.54)
- • External shocks like COVID-19 pandemic may disrupt business and logistics operations(p.56)
- • Indian tax regime undergoing substantial changes including GST implementation and GAAR provisions(p.59)
- • Political instability or changes in economic liberalization policies could harm business(p.59)
- • Global economic, political and social conditions beyond company control may negatively affect stock price(p.59)
- • Intense competition from organized and unorganized textile players(p.162)
- • High dependence on domestic market with minimal export presence(p.149)
- • Geographic concentration of revenue with 98.18% from Punjab(p.149)
- • Global trade uncertainties and tariff measures affecting textile sector(p.130)
- • Dependence on raw material supplies in volatile commodity market(p.155)
- • Exposure to seasonal demand fluctuations(p.152)
- • Exposure to raw material price volatility affecting cost of production(p.228)
- • Dependence on related party entities for raw material sourcing (National Yarn Agency purchased ₹1539.06 crores)(p.233)
- • Exposure to interest rate fluctuations given high level of floating rate debt(p.228)
- • Contingent GST and income tax liabilities pending resolution(p.231)
- • Dependence on concentrated customer base for revenue generation(p.225)
- • Seasonality affecting business demand(p.270)
- • Competitive market conditions(p.270)
- • Dependence on input costs and supply chain(p.269)
- • General economic changes affecting operations(p.269)
- • Regulatory and compliance risks(p.255)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Arun Gupta | Promoter | 33.58% | — |
| Piyush Gupta | Promoter | 16.71% | — |
| Chirag Gupta | Promoter | 19.53% | — |
| Arun Gupta | Promoter | 33.58% | [●] |
| Chirag Gupta | Promoter | 19.53% | [●] |
| Piyush Gupta | Promoter | 16.71% | [●] |
| Arun Gupta HUF | Promoter Group | 9.21% | [●] |
| Sangeeta Gupta | Promoter Group | 12.85% | [●] |
| Nitasha Gupta | Promoter Group | 5.13% | [●] |
| Vani Gupta | Promoter Group | 1.00% | [●] |
| Arun Gupta | Promoter | — | — |
| Rajesh Gupta | Promoter | — | — |
| Ravi Gupta | Promoter | — | — |
| Vishnu Gupta | Promoter | — | — |
| Arun Gupta | Promoter | 33.58% | — |
| Piyush Gupta | Promoter | 16.71% | — |
| Chirag Gupta | Promoter | 19.53% | — |
| Arun Gupta | Promoter | — | — |
| Piyush Gupta | Promoter | — | — |
| Chirag Gupta | Promoter | — | — |
Leadership
Auto-extracted from the company's PROSPECTUS using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official PROSPECTUS before relying on it.
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Madhur Knit Crafts Ltd. THIS ISSUE | 8.51 | 22.31 | 13.91, computed at the offer price | 4.40, computed at the offer price | 37.42% |
| 12.79 | 79.27 | 4.69 | 0.76 | 14.96% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.