The Madhur Knit Crafts IPO has achieved 55% subscription on day 3, with strong retail investor interest at 81% subscription. According to reports from LiveMint, the non-institutional investor (NII) portion has been booked at 25%, while the qualified institutional buyer (QIB) portion has been subscribed at 1.01x. The company has received bids for 26,13,600 shares against 47,58,000 shares on offer at 12:25 IST.
The Madhur Knit Crafts IPO grey market premium currently stands at +16, indicating a potential 16% listing premium over the IPO price. As reported by LiveMint, the estimated share price at listing is ₹116 per share, based on the upper end of the price band and prevailing grey market premium. The GMP has been trending upward over the past nine sessions, fluctuating between ₹0.00 and ₹16 throughout this period.
The IPO runs from 24 to 27 August 2026 with shares priced at ₹95-100 per equity share, having a face value of ₹10 per share. According to reports from LiveMint, the lot size has been fixed at 1,200 equity shares, with bids accepted in multiples thereafter. The allotment is expected to be finalised on Friday, 28 August, with refund process initiated on Monday, 31 August. The company's shares are likely to be listed on the NSE SME platform on Tuesday, 1 September.
Incorporated in 1997, Madhur Knit Crafts operates an integrated yarn-to-cloth manufacturing model covering multiple production stages including knitting, dyeing, printing, and finishing. As reported by LiveMint, the company's product portfolio serves the apparel, home-textile and industrial segments. For the 11 months ended 28 February 2026, the company reported total income of ₹194.79 crore and profit after tax of ₹12.35 crore. In FY2025, total income was ₹171.76 crore with PAT of ₹11.03 crore.
The IPO comprises entirely a fresh issue of 53.28 lakh equity shares, with a minimum application size of 1,200 shares. According to reports from LiveMint, ₹20.85 crore will be used for prepayment of outstanding borrowings, ₹15.92 crore for working capital requirements, and ₹3.68 crore for solar panel purchases. The remaining proceeds will be allocated towards general corporate purposes and issue-related expenses. SKI Capital Services Ltd serves as the book-running lead manager, while Skyline Financial Services Pvt Ltd has been appointed as the registrar.
