Cedaar Textile IPO Subscribed 12.26x on Final Day, Draws Solid Response

Cedaar Textile's initial public offering (IPO) has demonstrated strong investor demand through its third and final day of subscription, with Cedaar Textile's stock price set at ₹130-140 per share reflecting positive market reception. The ₹60.90 crore IPO surged dramatically to 12.26 times by 5:24:59 PM on day three, indicating significant investor interest in this diverse yarn manufacturing company incorporated in September 2020.

Cedaar Textile IPO qualified institutional buyers segment leads with exceptional 37.88 times subscription, whilst retail investors demonstrate solid participation at 9.73 times and non-institutional investors show reasonable interest at 5.04 times, reflecting positive investor confidence in this company specializing in manufacturing melange yarns, solid top-dyed yarns, and grey fancy yarns for household textiles, woven goods, and hosiery serving top-tier domestic and international customers supplying garments to renowned fashion brands through comprehensive production process blending cotton, polyester, viscose, and acrylic fibres.

Cedaar Textile IPO subscription reached a strong 12.26 times on day three, led by QIB (37.88x), Retail (9.73x), and NII (5.04x). Total applications reached 16,258.

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Subscription Status of Cedaar Textile IPO:

Here are the subscription details for Cedaar Textile IPO as of Day 3 (July 2, 2025, 5:24:59 PM):

Key Highlights - Day 3:

• Overall subscription reaching a strong 12.26 times, a massive surge from day two's 0.26 times
• QIB segment leading with exceptional demand at 37.88 times, dramatically increasing from day two's 0.00 times
• Retail segment demonstrating solid participation at 9.73 times, significantly jumping from day two's 0.45 times
• NII segment showing reasonable interest at 5.04 times, substantially building from day two's 0.14 times
• The final day witnessed strong institutional participation with QIB response driving overall subscription
• Total applications reached 16,258, indicating good investor participation for this SME IPO
• The cumulative bid amount reached ₹574.87 crores against the issue size of ₹60.90 crores

Cedaar Textile IPO - Day 2 Subscription at 0.26 Times

Key Highlights - Day 2:

• Overall subscription improving to 0.26 times from day one's 0.11 times
• Retail segment showing growth at 0.45 times, building from day one's 0.06 times
• NII segment declining to 0.14 times from day one's 0.22 times
• QIB segment maintaining no participation at 0.00 times, unchanged from day one

Cedaar Textile IPO - Day 1 Subscription at 0.11 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.11 times, showing modest initial investor interest
• NII segment leading early participation at 0.22 times, indicating measured high-net-worth sentiment
• Retail segment showing limited early interest at 0.06 times, reflecting cautious individual investor confidence
• QIB segment demonstrating no participation at 0.00 times, indicating reserved institutional sentiment

About Cedaar Textile Limited

Incorporated in September 2020, Cedaar Textile Limited specializes in manufacturing diverse yarns including melange yarns, solid top-dyed yarns, and grey fancy yarns for household textiles, woven goods, and hosiery. The company serves top-tier domestic and international customers, supplying garments to renowned fashion brands through production processes blending various fibres including cotton, polyester, viscose, and acrylic, employing 583 personnel as of June 2025.

Financial performance shows mixed trends with revenue declining from ₹191.01 crores in FY2024 to ₹113.91 crores in nine months ended December 2024, whilst profit after tax decreased from ₹11.05 crores to ₹7.06 crores. The company maintains strong profitability metrics with 56.06% ROE, 26.90% ROCE, but operates with a high debt-to-equity ratio of 5.79.