Madhur Knit Crafts IPO
Madhur Knit Crafts LtdSME
This IPO has listed.
- Open date
- 24 Aug 2026
- Close date
- 27 Aug 2026
- Min. Investment
- ₹2,40,000
- Lot Size
- -
- Fresh Issue
- ₹53.27 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers1.01x
- Non-Institutional Investors0.77x
- Retail-Individual Investors2.30x
- Total1.47x
Schedule
- Completed: IPO open date24 Aug 2026
- Completed: IPO close date27 Aug 2026
- Completed: Allotment date28 Aug 2026
- Completed: Funds unblock or debit28 Aug 2026
- Completed: Tentative listing date1 Sep 2026
About
Promoter shareholding in Madhur Knit Crafts Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Arun Gupta | 45,94,087 | 33.58% | 45,94,087 | 24.17% |
| Piyush Gupta | 22,86,046 | 16.71% | 22,86,046 | 12.03% |
| Chirag Gupta | 26,71,629 | 19.53% | 26,71,629 | 14.05% |
| Nitasha Gupta | 7,02,438 | 5.13% | 7,02,438 | 3.70% |
| Sangeeta Gupta | 17,58,550 | 12.85% | 17,58,550 | 9.25% |
| Vani Gupta | 1,36,563 | 1.00% | 1,36,563 | 0.72% |
| Arun Gupta HUF | 12,60,812 | 9.21% | 12,60,812 | 6.63% |
Madhur Knit Crafts IPO Strengths & Risks
- A state-of-the-art manufacturing facility with advanced technology.
- Strategically located manufacturing unit enabling operational efficiency and cost advantages.
- Extensive experience and proven track record of the promoters.
- Experienced, aligned, and professional management team driving growth and governance.
- Long-standing and robust relationships with customers and suppliers.
- Established relationships with key clients ensuring recurring business.
- Comprehensive quality assurance and control systems to maintain product excellence.
- Risks Relating to the Business: The Company has a high geographical concentration in Punjab, exposing it to region-specific economic, environmental, and operational risks.
- Risks Relating to the Business: Major portion of the company's revenue depends upon its few customers. The loss of any one or more of its major customers would have a material adverse effect on the company's business operations and profitability.
- Risks Relating to the Business: The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.
- Risks Relating to the Business: A substantial portion of the company's raw materials is sourced from a limited number of suppliers. Any disruption in supply, increase in prices, or inability of these suppliers to meet quality or delivery requirements could materially and adversely affect its operations, production schedules, and profitability.
- Risks Relating to the Business: A significant portion of the company's raw materials is sourced from Punjab, and any disruption in this region could materially affect its operations, production, and financial performance.
- Risks Relating to the Business: Certain adjustments have been made in the financial statements of the Company by the company's Auditors.
- Risks Relating to the Business: The Company's Dependence on Short-Term Rental Agreements for Operational Premises.
- Risks Relating to the Business: The Company has entered into certain related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The company's business is seasonal in nature.
- Risks Relating to the Business: Risk Related to Customer Retention, Dependence on Existing Customers, and Acquisition of New Customers.
- Risks Relating to the Business: Volatility in the prices and availability of yarns and other raw materials may adversely affect the company's business and results of operations.
- Risks Relating to the Business: Impact of the Iran-United States conflict and related geopolitical tensions on the company's raw material costs, logistics, margins and operations.
- Risks Relating to the Business: The company's lenders have a charge over its movable and immovable properties, stock, book debts, plant and machinery, and fixed deposits in respect of loans/facilities availed by it.
- Risks Relating to the Business: Potential conflicts of interest with the company's Group Company may affect its business.
- Risks Relating to the Business: The company has significant working capital requirements, and its inability to meet them may materially and adversely affect the company's business, financial condition, and results of operations.
- Risks Relating to the Business: The company relies on both in-house logistics and third-party logistics providers, and any disruption or increase in transportation costs may adversely affect its business, results of operations, and financial condition.
- Risks Relating to the Business: The company requires certain approvals, licenses, registrations and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company's operations.
- Risks Relating to the Business: The company's Business is Dependent on its Manufacturing Facility, and Any Disruption May Adversely Affect Operations.
- Risks Relating to the Business: The company's failure to accurately manage its inventory levels could result in an unexpected shortfall and/or surplus of products, which could have a material adverse impact on the company's manufacturing operations, profitability and cash flows.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: Lack of Long-Term Agreements with Customers May Affect the company's Business.
- Risks Relating to the Business: The company faces competition from Organized, Unorganized as well as international players.
- Risks Relating to the Business: The company's business is dependent on the availability of adequate and uninterrupted supply of electrical power and water at reasonable costs.
- Risks Relating to the Business: The Company is involved in certain legal proceedings, and any adverse outcome in such matters could have a material adverse effect on the company's business, financial condition, results of operations, and reputation.
- Risks Relating to the Business: Strikes, Work stoppages or increased wages demands by the company's employees or any other kind of disputes with its employees could adversely affect the company's business and results of operations.
- Risks Relating to the Business: Changes in Technology may render the company's current technologies obsolete or requires it to make substantial capital investments.
- Risks Relating to the Business: The company's inability to identify, understand or cater to evolving industry trends, changing customer tastes and preferences may adversely affect its business
- Risks Relating to the Business: If the company is unable to manage its growth effectively or if the company's estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company's business and prospects may be materially and adversely affected.
- Risks Relating to the Business: The company's success depends largely upon the services of its Directors, Promoter and other Key Managerial Personnel and the company's ability to attract and retain them.
- Risks Relating to the Business: The company's Promoter and certain of its Directors hold Equity Shares in the Company and are therefore interested in the company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: The company's Directors have extended personal guarantees in connection with some of its debt facilities. There can be no assurance that such personal guarantees will be continued to be provided by the company's Promoter in future or can be called at any time, affecting the financial arrangements.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoter may be lower than the issue price.
- Risks Relating to the Business: The Company has availed unsecured loan from parties other than bankers and financial institutions which is repayable on demand. Any demand from the lender for repayment of such unsecured loan may affect its cash flow and financial condition.
- Risks Relating to the Business: The company is highly dependent on its Promoters and the company's management team, and key managerial personnel and the loss of any key team member may adversely affect its business performance.
- Risks Relating to the Business: If the company is unable to obtain, protect or use its intellectual property rights, the company's business may be adversely affected.
- Risks Relating to the Business: Past delays in filings and incomplete documentation may expose the company to regulatory penalties, scrutiny, and reputational risks, potentially affecting operations and future fundraising.
- Risks Relating to the Business: The company cannot assure you that its will be able to secure adequate financing in future on acceptable terms, in time, or at all.
- Risks Relating to the Business: The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
- Risks Relating to the Business: Any disputes with customers regarding product quality, performance, or logistics services may lead to delayed or withheld payments, which could materially and adversely affect the company's business, operations, and financial condition.
- Risks Relating to the Business: The company has experienced delays and defaults in the payment of statutory dues, including taxes, duties, and other government levies.
- Risks Relating to the Business: If the company is unable to recruit, train and retain qualified personnel, its business may be materially and adversely affected.
- Risks Relating to the Business: Any change in government laws could affect the flow of the company's operations and disrupt its business activities.
- Risks Relating to the Business: Upon completion of the Issue, the company's Promoters/Promoter Group may continue to retain significant control, which will allow them to influence the outcome of matters submitted to the shareholders for approval.
- Risks Relating to the Business: Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect the company's business prospects, results of operations and financial condition.
- Risks Relating to the Business: The company may not be successful in implementing its business strategies.
- Risks Relating to the Business: Industry information included in this prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: The requirements of being a public listed company may strain the company's resources and impose additional requirements.
- Risks Relating to the Business: Stringent environmental, health and safety laws and regulations or stringent enforcement of environmental, health and safety laws and regulations may result in increased liabilities and capital expenditures and adversely affect the company's business, prospects, financial condition and results of operations.
- Risks Relating to the Business: The company's inability to establish internal control systems could cause operational errors which may adversely affect its business.
- Risks Relating to the Business: Interest rate fluctuations may adversely affect the Company's business.
- Risks Relating to the Business: The company's growth will depends on its ability to build the company's brand and failures to do so will negatively impact its ability to effectively compete in this industry.
- Risks Relating to the Business: The company's directors does not have experience of a listed company and in the absence of such experience, it could adversely affect its corporate governance and business operations of the Company.
- Risks Relating to the Business: External shocks like the COVID-19 pandemic may have an impact on the company's business and operations.
- Risks Relating to the Business: The company's future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
- Risks Relating to the Business: The market capitalization to revenue, market capitalisation to tangible assets, and enterprise value ("EV") to EBITDA, based on the Issue Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Risks Relating to the Business: The company cannot assure you that its Equity Shares will be listed on the NSE EMERGE in a timely manner or at all, which may restrict your ability to dispose of the Equity Shares.
- Risks Relating to the Business: Sale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: The Issue price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: Holders of Equity Shares may be restricted in their ability to exercise pre-emptive rights under Indian law and thereby may suffer future dilution of their ownership position.
