Cedaar Textile Limited IPO

Cedaar Textile Limited is coming up with an SME IPO between June 30 and July 2, 2025, to raise around ₹60.90 crore by issuing 43.5 lakh fresh equity shares for ₹130 to ₹140 per share. Retail investors must invest at least ₹1,30,000 in order to participate in the IPO, which will be listed on the NSE SME platform with an application lot size of at least 1,000 shares. It is scheduled to be listed on July 7, 2025, and it should be allotted on July 3, 2025.

Company Background

Cedaar Textile Limited was incorporated in September 2020 and is based in Bengaluru, Karnataka, with its headquarters. The company was converted into a public limited company in August 2024. The company is the leader in the production of a vast variety of yarns, with a special emphasis on sustainable, organic, and recycled fibers in order to conserve the environment. It caters to the local and global markets and provides yarns that are consumed by major garment manufacturers that are affiliated with renowned fashion brands.

Operations & Product Range

Facility & Production:
Cedaar Textile has a manufacturing unit close to Ludhiana, Punjab which is equipped with modern machinery including Blow Room and Carding machines of Truszler/LMW, Draw Frame and Speed Frame of LMW, Ring Frames, Twister TFO, Autoconer and fiber/yarn dyeing machines. As of June 2025, the company has 583 employees with an approximate capacity of 70 percent in spinning and 90 percent in dyeing, which means that it can be expanded.

Brands & Market Presence:
The company manufactures different types of yarn such as Raw White Yarns, Melange Yarns, Solid Top-dyed Yarns, and Grey Fancy Yarns, which are made of fibers such as cotton, polyester, viscose, acrylic, Tencel, and modal. Cedaar Textile is also characterized by sustainable yarns that are produced using 100 percent organic fibers as well as recycled fibers. It exports more than 34 percent of its revenue to nations like Bangladesh, Australia and China, which is an indicator of its diversified market presence.

Revenue Channels

Cedaar Textile earns revenue mainly through the manufacturing and sale of various yarn products to garment manufacturers and textile companies, both locally and internationally. Its export earnings constitute a huge percentage, and more than one-third of FY24 revenue was earned from foreign markets. The firm also manufactures technical textile yarns such as Inherent Fire-Retardant (IFR) yarns that serve niche markets such as home furnishing and apparel.

Management & Shareholding

Promoters & Shareholding:
The promoters are Mr. Rajesh Mittal, Mr. Virender Goyal, Mr. Monnappa Nachappa Bachangada and Mrs. Bachangada Monnappa Saraswati. Promoters own 100 percent of equity before IPO, which will be diluted to about 68.66 percent after IPO.

Board Members:
Cedaar Textile Limited has a board of directors that includes Managing Director Rajesh Mittal, CFO Virender Goyal, Non-Executive Director Monnappa Bachangada, and independent directors Yogendra Singhal and Vinay Aggarwal. This multicultural team is highly experienced in terms of finance, operations, and corporate governance, which leads to the sustainable development of the company and its innovation within the textile industry.