Madhur Knit Crafts Shares List at ₹100 With 0% Listing Gain

Madhur Knit Crafts shares made a flat stock market debut on Tuesday, 1 September 2026. The stock listed at ₹100 per share on the NSE, matching its IPO issue price of ₹100 and resulting in a 0% listing gain.

The listing followed an IPO that was subscribed 1.31 times overall. Retail investors led participation with 2.25 times subscription, while the QIB portion was subscribed 1.00 time and the NII portion received 0.44 times subscription.

Madhur Knit Crafts IPO Listing Details

Madhur Knit Crafts launched its IPO as a ₹27 crore public issue comprising entirely a fresh issue. The IPO price band was fixed at ₹95 to ₹100 per equity share, with a face value of ₹10 each.

The IPO opened for subscription on 24 August and closed on 27 August 2026. The allotment was finalised on 28 August, refunds were scheduled for 31 August, and the shares were listed on the NSE on 1 September 2026.

The public issue received an overall subscription of 1.31 times, with retail investors recording the highest participation among investor categories.

• Issue Price: ₹100 per share
• NSE Listing Price: ₹100 per share
• NSE Listing Gain: 0%
• Overall Subscription: 1.31 times
• Retail Investors: 2.25 times
• Qualified Institutional Buyers (QIB): 1.00 time
• Non-Institutional Investors (NII): 0.44 times
• Issue Size: ₹27 crore

First-Day Trading Performance

Listing Price: Madhur Knit Crafts share price debuted at ₹100 per share on the NSE, matching the upper end of its IPO price band of ₹95 to ₹100. The listing resulted in a 0% gain over the IPO issue price.

The flat debut followed moderate investor participation during the subscription period. The public issue was subscribed 1.31 times overall.

Retail investors led the demand, subscribing 2.25 times their allocated portion. The QIB category was subscribed 1.00 time, while the NII portion received 0.44 times subscription.

Growth Drivers and Challenges

Growth Drivers

Diversified Textile Portfolio: The company manufactures fabrics, blankets, winter wear, garments and other textile products.

Integrated Manufacturing Operations: Its yarn-to-cloth process covers multiple manufacturing and finishing activities.

Strategic Manufacturing Location: Its Ludhiana facility provides access to textile suppliers, raw materials and logistics.

Diverse Customer Base: The company caters to consumer, industrial and institutional customers.

Revenue and Profit Growth: Revenue and profit recorded significant growth during FY25.

Challenges

Textile Industry Competition: The company operates in a competitive textile manufacturing industry.

Raw Material Exposure: Manufacturing performance can be affected by changes in input and raw material costs.

Demand Fluctuations: Demand for textile and winter-wear products may vary across periods.

Manufacturing Risks: Integrated textile operations involve multiple production stages and operational processes.

Muted IPO Demand: Overall subscription remained moderate at 1.31 times.

Utilisation of IPO Proceeds

The information provided does not specify the proposed utilisation of proceeds from the Madhur Knit Crafts IPO.

The IPO comprised entirely a fresh issue aggregating to ₹27 crore. Shares were offered at a price band of ₹95 to ₹100 per equity share, with a face value of ₹10 each.

The public issue was subscribed 1.31 times overall before closing on 27 August 2026.

Business and IPO Overview

Madhur Knit Crafts, founded in August 1997, is a textile manufacturing company engaged in producing fabrics, blankets, winter wear, garments and other textile products.

The company began commercial production in 2013, initially focusing primarily on blankets before expanding its product portfolio to cater to consumer, industrial and institutional customers.

Its manufacturing facility is located in Ludhiana, Punjab, a major textile hub that provides access to raw materials, suppliers, logistics infrastructure and distribution networks.

Madhur Knit Crafts follows an integrated yarn-to-cloth manufacturing process covering knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing.

The company reported revenue of ₹171.76 crore in FY25, compared with ₹108.41 crore in FY24. Profit increased to ₹11.03 crore in FY25 from ₹1.70 crore in FY24.

Madhur Knit Crafts entered the public markets through a ₹27 crore fresh issue offered at a price band of ₹95 to ₹100 per share. The IPO was subscribed 1.31 times overall, with retail investors subscribing 2.25 times, QIBs 1.00 time and NIIs 0.44 times.

Madhur Knit Crafts made its stock market debut on 1 September 2026, listing at ₹100 per share on the NSE, matching its IPO issue price and resulting in a flat listing with a 0% gain.