| Annual Financials | Mar 2024 | Mar 2025 | Feb 2026 |
| Revenue | 108.38 | 171.63 | 194.69 |
| Expenses | 106.42 | 156.87 | 178.21 |
| Other Income | 0.02 | 0.13 | 0.10 |
| Total Revenue | 108.41 | 171.76 | 194.79 |
| Profit Before Tax | 1.99 | 14.89 | 16.58 |
| Net Profit | 1.70 | 11.03 | 12.35 |
Madhur Knit Crafts
Madhur Knit Crafts IPO
₹2,28,000
0.2 xOver-subscribedBidding Dates 24 Aug, 26 -27 Aug, 26
Min Investment ₹2,28,000
Lot Size1,200
Price Range ₹95 – ₹100
Issue Size ₹53.27 Cr.
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IPO Subscription Details
Retail Subscription Details
0.15 x
Non-Institutional Buyers (sHNI)
0.02 x
Non-Institutional Buyers (bHNI)
0.4 x
Qualified Institutional Buyers (QIB)
0 x
Total0.2 x
0.2 x IPO Timeline
IPO Offer Start
24 Aug,26
IPO Offer Ends
27 Aug,26
Allotment Finalisation
28 Aug,26
Refund Initiation
31 Aug,26
Listing of Shares
01 Sept,26
IPO Analysis
Strengths
"The company operates an integrated facility covering knitting, dyeing, printing, stentering, brushing, raising and finishing, reducing external vendor dependence and supporting customized production.
The company has invested in advanced textile machinery sourced from Germany, Japan, South Korea, Taiwan and China, supported by a manufacturing area exceeding 300,000 sq. ft.
The company benefits from its Ludhiana location, providing access to raw materials, skilled labour, ancillary industries and logistics, with just-in-time procurement and lower freight costs.
Risks
The company derives more than 90% of its revenue from Punjab, exposing it to regional economic conditions, regulatory developments, political events, natural calamities, and other localized disruptions. Any adverse developments in Punjab may materially affect the company's business, financial condition and operational performance.
The company derives significant revenue from a limited customer base, with top 10 customers contributing 34.14% of total revenue in February 2026. The loss of any major customers would have a material adverse effect on business operations and profitability.
The company has reported negative cash flows from operating activities in FY 2025 (-255.82 lakhs), FY 2024 (-367.70 lakhs), and FY 2023 (-4.78 lakhs). Any such negative cash flows in the future could affect the company's business, results of operations and prospects.
Objectives
Funding capital expenditure for the purchase of Solar panel
Working Capital Requirement of the Company.
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Feb 2026 |
| Total Assets | 90.60 | 122.59 | 159.97 |
| Current Assets | 60.38 | 89.09 | 126.91 |
| Fixed Assets | 30.21 | 33.49 | 33.07 |
| Total Equity & Liabilities | 90.60 | 122.59 | 159.97 |
| Total Liabilities | 74.36 | 93.10 | 116.37 |
| Current Liabilities | 42.79 | 60.17 | 85.24 |
| Non Current Liabilities | 31.57 | 32.93 | 31.12 |
| Total Equity | 16.24 | 29.49 | 43.61 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Feb 2026 |
| Net Cash Flow | 0.12 | -0.10 | 1.90 |
| Investing Activities | -15.70 | -3.60 | -3.83 |
| Operating Activities | -3.68 | -2.56 | 4.44 |
| Financing Activities | 19.50 | 6.06 | 1.30 |
About Madhur Knit Crafts
Madhur Knit Crafts Limited is a textile manufacturing company incorporated in 1997, operating from Ludhiana, Punjab. The company has transitioned from minimal processing to a fully integrated yarn-to-cloth manufacturing model, producing knitted fabrics, blankets, anti-pilling fabrics, sherpa fabrics, and garments. The company operates state-of-the-art manufacturing facilities with advanced machinery imported...more
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Managing DirectorArun Gupta
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