Madhur Knit IPO 2026: Price Band, Dates, Lot Size & Key Details

Reviewed by BuyUnlistedShares Research Desk.

Madhur Knit Crafts Limited, a Ludhiana-based textile manufacturer, is launching its initial public offering (IPO) on the NSE SME (NSE Emerge) platform. The IPO gives investors a window to bid for shares before the company lists. Below is a complete, easy-to-read breakdown of the price band, key dates, lot size, issue structure, and business snapshot of the Madhur Knit IPO 2026.

Madhur Knit IPO: Key Details at a Glance

Price Band and Lot Size Explained

The price band for the Madhur Knit IPO has been fixed at ₹95 (lower end) to ₹100 (upper end) per equity share, with a face value of ₹10 each. The applicable lot size is 1,200 equity shares, and retail investors are required to apply for a minimum of 2 lots (2,400 shares).

• Minimum lot: 2,400 shares → ₹2,28,000 (lower band) to ₹2,40,000 (upper band)

• HNI minimum: 3 lots (3,600 shares) → ₹3,60,000 at upper band

• Retail investor quota: 35% of the net issue

• QIB quota: 50% of the net issue

• NII / HNI quota: 15% of the net issue

• Application modes: ASBA (through net banking) or UPI (through brokers)

IPO Structure and Objects of the Issue

The Madhur Knit IPO is a 100% fresh issue of 53,28,000 equity shares, with no offer-for-sale (OFS) component, meaning the entire issue proceeds will flow directly to the company. As per the offer documents, the funds raised are proposed to be used for:

• Working capital: Funding the company's working capital requirements

• Debt repayment: Repayment or prepayment of certain outstanding borrowings

• Solar power capex: Purchase and installation of solar panels for the manufacturing facility

• General corporate purposes: Remaining proceeds for general corporate needs

Company Snapshot: Business Overview

Incorporated in August 1997 and headquartered in Ludhiana, Punjab, Madhur Knit Crafts Limited is a textile manufacturer engaged in producing fabrics, blankets, winter textiles, garments, and other textile products. Key business highlights include:

• Product range: Blankets, knitted fabrics, garments, winter textiles, and technical textiles such as paint roller fabrics

• Production model: Made-to-order manufacturing, starting production only against confirmed customer orders, which helps optimise inventory and working capital

• Facility: ISO 9001:2015 certified manufacturing unit in Ludhiana, recently upgraded with advanced imported machinery

• Job work services: Offers dyeing, knitting, and finishing services to third-party textile companies

• Distribution: Sells through wholesalers, distributors, retailers, institutional buyers, and direct customer relationships across India

• Workforce: 177 employees as of February 28, 2026, across production, quality control, sales, and administration

Financial Performance

• Interim FY26 performance: For the eleven-month period ended February 28, 2026, total income stood at ₹194.79 crore with PAT of ₹12.35 crore, as disclosed in the offer documents

How to Apply for the Madhur Knit IPO

• Step 1: Log in to your broker's trading app or your bank's net banking/ASBA facility

• Step 2: Search for 'Madhur Knit Crafts Limited' in the IPO section

• Step 3: Select the number of lots (minimum 2 lots for retail investors) within the price band

• Step 4: Enter your UPI ID (for UPI applications) or authorise via ASBA

• Step 5: Approve the mandate request in your UPI app to block the application amount

• Step 6: Track allotment status on the registrar's website using PAN, application number, or DP/Client ID

Points Investors Should Note

• SME listing: This is an SME IPO listing on the NSE SME platform, which typically carries different liquidity and trading characteristics compared to mainboard listings

• High minimum ticket size: The minimum application requires ₹2.4 lakh for one retail application (2 lots)

• Sector sensitivity: The textile business can be influenced by raw material (yarn/fibre) price fluctuations, seasonal demand for winter products, and export-import policy changes

• Made-to-order model: Revenue visibility depends on order inflow, since production largely starts only after confirmed customer orders

• Read the RHP: Interested applicants are encouraged to go through the company's Red Herring Prospectus (RHP) for complete details before making any decisions

Frequently Asked Questions (FAQs)

1. When does the Madhur Knit IPO open and close?

The IPO opens for subscription on August 24, 2026, and closes on August 27, 2026.

2. What is the price band of the Madhur Knit IPO?

The price band is fixed at ₹95 to ₹100 per equity share, with a face value of ₹10 per share.

3. What is the lot size for this IPO?

The lot size is 1,200 equity shares. Retail investors must apply for a minimum of 2 lots (2,400 shares).

4. What is the minimum investment amount required?

At the upper price band, the minimum retail investment is ₹2,40,000 for 2 lots (2,400 shares).

5. What is the total issue size of the IPO?

The total issue size is up to ₹53.28 crore, comprising a 100% fresh issue of 53,28,000 equity shares with no offer for sale.

6. On which exchange will Madhur Knit Crafts shares be listed?

The shares are proposed to be listed on the NSE SME (NSE Emerge) platform, with a tentative listing date of September 1, 2026.

7. When will the IPO allotment be finalised?

The basis of allotment is tentatively scheduled to be finalised on August 28, 2026.

8. Who is the registrar for the Madhur Knit IPO?

Skyline Financial Services Private Limited is the registrar to the issue.

9. How can I apply for the IPO?

Applications can be made online through ASBA via net banking or through UPI-enabled broker platforms during the subscription window.

10. What does Madhur Knit Crafts Limited do?

The company manufactures fabrics, blankets, winter textiles, garments, and technical textiles, and also offers job work services such as dyeing, knitting, and finishing for other textile companies, from its facility in Ludhiana, Punjab.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.