June 24, 2025
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What is the last grey market premium of Cedaar Textiles IPO?
Listing Review: Will update on listing.
Subscription status of Cedaar Textiles IPO
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Cedaar Textiles IPO Price Rs. 147 Lot 1000 shares, Rs.63.75 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Note: |
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Cedaar Textiles IPO Allotment Link:
What is the business of Cedaar Textiles?
Established in September 2020, Cedaar Textile Limited is a specialized manufacturer of a wide range of high-quality yarns. The company focuses on producing melange yarns used in household textiles, woven goods, and hosiery.
Cedaar Textile serves a distinguished clientele in both domestic and international markets, including manufacturers that supply garments to leading global fashion brands.
The company’s production process starts with the careful procurement of raw materials, followed by the blending of various fibres such as cotton, polyester, viscose, acrylic, and others to create premium yarn products.
Product Portfolio:
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Melange Yarns: Crafted by blending fibres and colors to produce distinctive textures and visual effects.
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Solid Top-Dyed Yarns: Richly dyed, high-quality yarns ideal for premium garments.
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Grey Fancy Yarns: Specialty yarns designed to add depth, texture, and visual appeal to fabrics.
As of June 1, 2025, Cedaar Textile Limited employs 583 staff members, all of whom are on the company’s payroll.
Cedaar Textiles IPO Details
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Sector: |
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| IPO opens on | 30 June 2025 |
| IPO closes on | 2 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4350,000 Shares / Rs 60.90 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – Shares/ Rs.? Crore |
| Market Maker Portion | 218,000 Shares |
| Net offer to Public | 4132,000 Shares Rs.57.85 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 130-140 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
| Investor Category | Shares Offered | % | Rs. |
| Market Maker | 2,18,000 | 5.01 | |
| QIB Shares | 13,04,000 | 29.98 | |
| NII (HNI) | 13,28,000 | 30.53 | |
| Retail | 15,00,000 | 34.48 | |
| Total | 43,50,000 | 100 | |
| Application | Lots | Shares | Amount, Rs. |
| Retail (Min) | 1 | 1000 | 1,40,000 |
| Retail (Max) | 1 | 1000 | 1,40,000 |
| HNI (Min) | 2 | 2,000 | 2,80,000 |
Who are the Promoters of Cedaar Textiles?
The Promoters of the company are Rajesh Mittal, Virender Goyal, Bachangada Monnappa Saraswathi and Monnappa Nachappa Bachangada,.
What are the Objects of Cedaar Textiles IPO?
*Installation of Grid-tied Solar PV Rooftop System for Captive evacuation Rs.8 Cr.
*Modernization of the Machines Rs. 17 Cr.
*To meet working capital requirements Rs. 24.90
*General Corporate Purpose; and issue expenses
Cedaar Textiles IPO Timetable
Tentative timetable |
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| IPO opens on | 30 June 2025 |
| IPO Closes on | 2 July 2025 |
| IPO Allotment on | 3 July 2025 |
| Refund Initiation | 4 July 2025 |
| Credit of Shares | 4 July 2025 |
| Listing on | 7 July 2025 |
| Registered Office of the Company Cedaar Textile Limited KSSIDC Plot No B-34 Industrial Estate, Yelahanka New Town, Bangalore Urban, Karnataka, 560064 |
| The Lead Manager of this IPO Fast Track Finsec ltd |
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Who is the Registrar to IPO? Skyline Financial Services pvt ltd |
Cedaar Textiles IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Cedaar TextilesFinancials
| Period Ended | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 222.77 | 198.23 | 175.84 | 154.45 |
| Revenue | 113.91 | 191.01 | 161.88 | 220.44 |
| Profit After Tax | 7.06 | 11.05 | 4.59 | 7.99 |
| EBITDA | 28.81 | 15.63 | 15.26 | |
| Net Worth | 60.7 | 25.24 | 14.19 | 9.6 |
| Reserves and Surplus | 51.17 | 17.74 | 13.94 | 9.35 |
| Total Borrowing | 120.63 | 146.15 | 137.01 | 121.01 |
| Amount in Rs. Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 56.06% |
| ROCE | 26.90% |
| Debt/Equity | 5.79 |
| RoNW | 56.06% |
| PAT Margin | 5.83% |
| EBITDA Margin | 15.19% |
| Price to Book Value | 4.16 |
| EPS Rs. | 11.6 |
| PE Ratio | 12.07 |
How Cedaar Textiles IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Cedaar Textile Limited | 12.07 | 16.44 |
| Shiva Texyarn Ltd. | 22.7 | 8.63 |
| Vardhman Textiles Ltd. | 17.03 | 7.11 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Cedaar Textiles IPO Review by Paresh Gordhandas, CA & Research Analyst.
Incorporated in September 2020, Cedaar Textile Limited is a specialized manufacturer of a diverse range of high-quality yarns. The company primarily produces melange yarns used in household textiles, woven fabrics, and hosiery.
Cedaar Textile caters to a well-established clientele across both domestic and international markets, including suppliers to prominent global fashion brands.
The company is now entering the capital markets with a relatively large IPO. However, given the current influx of IPOs in the market, achieving substantial oversubscription may prove challenging.
Financially, the company has reported stable growth in total income and net profits over the past three years leading up to the IPO. Notably, in FY 2023–24, there has been a sharp spike in net profit, which could raise questions regarding its sustainability and timing.
As of December 31, 2024, the company reported total inventory, trade receivables, and cash balances amounting to Rs.131 crore. In comparison to the average monthly revenue of Rs.12.45 crore during the first nine months of FY 2024–25, this figure appears disproportionately high and may warrant closer scrutiny.
Analyst View:
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Fundamental Perspective: May avoid
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Grey Market Sentiment: [Pending]
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