Madhur Knit Crafts Limited
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Madhur Knit Crafts Limited's successfully completed its Initial Public Offering and commenced trading on Sep 01, 2026 at the NSE exchange. The company raised 53,26,800 Shares through this public offering, comprising 53,26,800 Shares in fresh capital.
The IPO was priced within the band of ₹95 to ₹100, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Aug 24, 2026 to Aug 27, 2026.
Share allotment was finalized on Aug 28, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated on August 21, 1997, Madhur Knit Crafts Limited operates in the textile industry, mainly manufacturing home furnishing products and knitted and crocheted fabrics. Its product range includes various types of blankets such as acrylic, woollen, printed, designer, and mink blankets, catering to both domestic and export markets through dealer networks. The company runs a modern manufacturing facility equipped with advanced machinery from Korea, Taiwan, and China, supporting processes like knitting, dyeing, printing, brushing, polishing, sueding, and finishing. It also produces specialized fabrics like anti-pilling fabric, knitted fabrics, and sherpa fabric, known for comfort, durability, and insulation. As of August 31, 2025, the company had 174 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Vertically Integrated Manufacturing: The company operates an integrated facility covering knitting, dyeing, printing, stentering, brushing, raising, and finishing, reducing external dependence and enabling timely, customized production.
- Advanced Machinery & Infrastructure: Its modern manufacturing setup uses machinery sourced from Germany, Japan, South Korea, Taiwan, and China, supported by a 300,000+ sq. ft. facility for efficient and scalable production.
- Strategic Location Advantage: Located in Ludhiana, Punjab, a major textile and hosiery hub, the company benefits from access to raw materials, skilled labour, supporting industries, and efficient logistics, helping reduce lead times and freight costs.
- Short-Term Rental Agreement Risk: The company's operations depend on 11-month rental agreements. Non-renewal or unfavorable renewal terms could lead to relocation, higher costs, operational delays, and business disruption.
- Related Party Transaction Risk: The company has entered into transactions with promoters, directors, and promoter group entities. Such transactions may not always be as favorable as those with independent parties and could impact financial performance.
- Raw Material Price & Availability Risk: The company relies entirely on external suppliers for various yarns, including polyester, acrylic, cotton, and blended yarns. Price fluctuations or supply shortages could increase costs and adversely affect profitability.
- Arun Gupta
- Piyush Gupta
- Chirag Gupta
Madhur Knit Crafts Limited
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