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

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 ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% 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 and then on January 28, 2025, the company converted into a public limited company to begin its public listing journey.

The firm started with the manufacture of its products from the beginning, with the emphasis being placed on the production of blankets and through time, it has become a vertically integrated manufacturer of knitted fabrics and apparel. The firm has more than two decades of experience in operations.

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. Their expansion plan includes a rooftop solar power plant to support sustainable energy solutions.

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.’s revenue is generated primarily from the manufacturing and sale of its textile products, which include fabrics, home furnishings and garments. Their business model is a hybrid one, serving both B2B (business-to-business) clients, such as institutional and wholesale buyers and B2C (business-to-consumer) channels via distributors and retailers. The company has demonstrated a strong financial trajectory, with total income growing significantly and reported at ₹171.76 crore in FY25, while the profitability has also seen a remarkable surge, with Profit After Tax (PAT) reported at ₹11.03 crore in FY25.

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 71.23% stake in the ownership and the promoter group held 28.77% stake in the company, but after the IPO, the promoters’ shareholding will be slightly changed as the offering is entirely a fresh issue of shares, which invites the public to join.

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.