Madhur Knit Crafts IPO GMP, Date, Price Band & Review

Madhur Knit Crafts IPO Details

Madhur Knit Crafts IPO is a 100% book-built issue of ₹53 crore, comprising a fresh issue, in which ₹2 crore is reserved for the market maker, with a face value of ₹10 per share. The company filed its DRHP with SEBI on October 25, 2025.

The price band of the issue is set between ₹95 and ₹100 per share and the lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor is ₹2,40,000 (2,400 shares). The IPO will open for subscription from August 24 to 27, 2026, on the NSE SME platform, with a tentative listing date fixed as September 1, 2026. The book-running lead manager of this issue is SKI Capital Services Ltd., while the registrar to the issue is SKYLINE Financial Services Pvt. Ltd.

Madhur Knit Crafts IPO Date & Timeline

The Madhur Knit Crafts IPO is officially set to open for subscription on Aug 24, 2026 and will close on Aug 27, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on October 25, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Aug 28, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Aug 31, 2026. Finally, shares of Madhur Knit Crafts Ltd. are tentatively scheduled to list on the stock exchanges on Sep 1, 2026.

Madhur Knit Crafts IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Madhur Knit Crafts IPO GMP is currently trading at ₹2, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹102, which is 2.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Madhur Knit Crafts Ltd. was incorporated as a private limited company on August 21, 1997, in Ludhiana, Punjab, with a main objective of providing high-quality textile products.

From the beginning, the company mainly engaged in textile manufacturing, such as the production of fabrics, blankets, winter textiles, garments and other products. Over the years, the company has grown as a diversified textile business that offers a wide range of fabrics and garments. Evolving from minimal processing to a fully integrated yarn-to-cloth manufacturing model, maintaining a reliable network of suppliers, raw materials and logistics service providers and national distribution channels.

Then, on January 30, 2025, the company converted into a public limited company with a fresh issue of a certificate to begin with its public listing procedures.

Operations & Product Range

The manufacturing company Madhur Knit Crafts Ltd. follows a vertical integration model where they have their own processes for producing its goods from yarn to finished goods. Some of the major processes carried out by them include knitting, dyeing, printing and polishing. The product line offered by them is quite versatile and includes household items, fabric and clothing products such as antipilling fabric and Sherpa fabric, among other blanket types.

Facilities & Capacity

Madhur Knit Crafts Ltd. operates from a modern facility in Ludhiana, a major textile hub in Punjab, ensuring efficient raw material procurement and distribution. Equipped with advanced machinery from Korea, Taiwan and China, the company produces high-quality products efficiently. A well-established textile hub, with a strong network of suppliers, logistics service providers and national distribution channels, helps Madhur Knit Crafts provide high-quality textile products.

Brands & Market Presence

Madhur Knit Crafts Ltd.'s high-quality products and efficient operations demonstrate the company's reputation as a dependable producer in the knitted fabrics industry. The firm caters to local customers via its dealers and is involved in exporting activities. ISO certification and sustainability measures, like its effluent treatment facility, contribute to the company's legitimacy. Madhur Knit Crafts Ltd.'s competitive advantage lies in its long-term associations with its core clients and suppliers.

Revenue Streams & Business Model

Madhur Knit Crafts Ltd. operates a vertically integrated yarn-to-cloth manufacturing model, deriving the majority of its revenue from knitted fabrics, which consistently account for over 80% of total sales. The remaining income comes from its inaugural line of blankets, seasonal garments, job work services and scrap sales. Utilising an order-based production strategy, the company leverages advanced imported machinery to supply B2B clients across apparel, home textiles and specialised technical textile sectors.

Financial Performance

Madhur Knit Crafts Ltd. has demonstrated rapid revenue expansion in recent fiscal years, reaching ₹171.6 crore in FY25. Profitability experienced a sharp upward trajectory alongside sales, with net profit rising from ₹11.03 crore in FY25 and surging to ₹12.35 crore as of Feb 28, 2026. EBITDA was reported at ₹25.67 crore as of Feb 28, 2026, in comparison to ₹23.28 crore in FY25, with an EBITDA margin of 13.19%.

Management & Shareholding

Madhur Knit Crafts Ltd. is promoted by the Gupta family, with Arun Gupta, Piyush Gupta and Chirag Gupta being the key promoters. Before the IPO, the promoters held a 98% stake in the company, but after the IPO, the promoters’ shareholding will change slightly, as the offering is entirely a fresh issue of 53,27,693 shares, aggregating up to ₹51 crore.

Board & Key Management

The leadership of Madhur Knit Crafts Ltd. is led by a team of experts with many years of experience. The Chairman gives strategic direction to the firm and the daily operations are managed by Arun Gupta, the Managing Director, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors Gurpreet Kaur, Sanjay Kapoor and Avinash Rai for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.