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Madhur Knit Crafts IPO set to list on NSE SME on September 1
The IPO is priced at ₹95-₹100 per share, with shares expected to debut at an estimated ₹116, after a 55% subscription mark on day 3.
Madhur Knit Crafts launched its initial public offering on August 24 and will close it on August 27, with the company setting the IPO price band at ₹95 to ₹100 per equity share, a ₹10 face value and a lot size of 1,200 shares.
The company expects final allotment on August 28, refunds to begin on August 31, and listing on the NSE SME platform on September 1. It is raising through a fresh issue of 53.28 lakh equity shares, with bids accepted in multiples of 1,200 shares.
According to LiveMint Markets, subscription is at 55% after three days, with the retail portion booked at 81% and non-institutional investor interest at 25%, while qualified institutional buyers are subscribed at 1.01x. The grey market premium is currently at +16 and is pointing to an estimated ₹116 share price at listing versus the ₹100 upper end of the IPO range.
Madhur Knit Crafts, incorporated in 1997 and focused on textiles including fabrics, blankets and winter garments, reported total income of ₹194.79 crore and profit after tax of ₹12.35 crore for the 11 months ended February 28, 2026. The company plans to use ₹20.85 crore of IPO proceeds for prepayment or repayment of certain outstanding borrowings.