Incorporated in January 1996, Kaytex Fabrics Limited is a fast-fashion textile manufacturer blending technology, design, and craftsmanship to produce high-quality fabrics and garments.
The company specializes in fabrics made from cotton, viscose, polyester, and other blended fibres, catering to both fashion and functional applications.

Kaytex markets its products under the brand names “Rasiya”, “Kaytex”, and “Darbaar-e-Khaas”. It offers ready-to-stitch womenswear, trendy co-ord sets, shawls, scarves, stoles, and a wide range of unbranded bulk fabric solutions for retailers and wholesalers.

The company’s key product categories include:

• Digital Printed Fabrics – vibrant, high-resolution, and customized designs

• Jacquard Fabrics – intricately woven patterns used in apparel and home décor

• Corduroy Fabrics – ribbed textures offering durability and style

• Dobby Fabrics – elegant, geometric textures for fashion and interiors

• Garments & Accessories – modern yet traditional ready-to-stitch womenswear

As of March 31, 2025, Kaytex had served 497 customers, and as of June 30, 2025, the company employed 612 permanent staff and workers across its operations

Kaytex Fabrics Limited, incorporated in January 1996, is a fast-fashion textile company engaged in the manufacturing of high-quality fabrics and ready-to-stitch garments using cotton, viscose, polyester, and blended fibres. The company sells its products under the brand names “Rasiya”, “Kaytex”, and “Darbaar-e-Khaas”, and also supplies unbranded fabrics and accessories in bulk to retailers and wholesalers.

The IPO size is Rs.69.81 crore, which is moderate in nature. With just 825 retail applications, the retail quota is likely to get subscribed one time.

Financially, the company has demonstrated strong growth in both revenue and profitability. For FY 2024-25, it reported total revenue of Rs.152.79 crore and has maintained a consistent growth pattern over the past three years.

However, a closer look at the balance sheet reveals relatively high inventory levels of Rs.40.20 crore and trade receivables of Rs.35.46 crore as on March 31, 2025 — together amounting to nearly 6 times the monthly average revenue of Rs.12.73 crore. While these figures are on the higher side, this pattern has remained consistent in previous years and does not appear to be artificially inflated just ahead of the IPO.

Chanakya’s Opinion: While the company’s financials are strong, investor sentiment towards textile sector IPOs remains uncertain. It is advisable to track grey market trends closely before making an investment decision.