Cedaar Textile was incorporated on September 28, 2020. The company offers a wide range of raw white, mélange, solid top dyed, and grey fancy yarns in cotton, polyester, acrylic, viscose, Tencel, Modal, and other fibers. It focuses on sustainability by providing yarns made from 100% organic and recycled fibers for environmental conservation
| Bidding Dates |
|---|
| 30 Jun 2025 - 02 Jul 2025 |
| Subscription |
|---|
| 11.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,000 | 1 | 1 | 1000 | 4.3 M | ₹130 - ₹140 | 68.66 % | ₹565.5 M - ₹609.0 M | RHP DOC |
Cedaar Textile IPO SUBSCRIPTION STATUS
02 Jul '25Cedaar Textile IPO overall subscription rate was 11.25 times the total available shares
Cedaar Textile IPO retail subscription rate was 11.36 times in the retail segment
Cedaar Textile IPO non-institutional investor subscription rate was 12.57 times in the non-institutional investor category
Cedaar Textile IPO Qualified Institutional Bidder subscription rate was 10.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Jul 2025 (Day 3) | 11.36x | 12.57x | 10.77x |
01 Jul 2025 (Day 2) | 0.52x | 0.74x | - |
30 Jun 2025 (Day 1) | 0.07x | 0.54x | - |
Cedaar Textile FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 7.1 | 112.0 | 11.0 | 6.3 | 17.5% |
| FY25 | 11.1 | 189.7 | 4.9 | -2.1 | 15.2% |
| FY24 | 4.6 | 160.2 | -2.0 | -9.0 | 9.8% |
| FY23 | 8.0 | 217.4 | -15.4 | -19.1 | 7.0% |
Cedaar Textile IPO SUBSCRIPTION STATUS DETAILS
Cedaar Textile had 4.3 M shares on offer
Cedaar Textile IPO offer price was in the range ₹130 - ₹140
Cedaar Textile IPO minimum Investment was ₹130000
Cedaar Textile IPO issue size was ₹ 565.5 M - ₹ 609.0 M
Cedaar Textile had a minimum lot size of 1000 Shares per application
Cedaar Textile NUMBER OF SHARES ON OFFER
Cedaar Textile IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2025 |
| Issue close Date | 02 Jul 2025 |
| Allotment Date | 03 Jul 2025 |
| Refund Date | 04 Jul 2025 |
| Demat Account Credit Date | 04 Jul 2025 |
| Listing Date | 07 Jul 2025 |
| Listing on Exchange(s) | NSE |
| Cedaar Textile Allotment Status | Exchange/ Registrar |
Cedaar Textile IPO subscription opened on 30 Jun 2025, and closed on 02 Jul 2025
IPO allotment for Cedaar Textile was finalized on Thursday, 03 Jul 2025
IPO listing for Cedaar Textile was on NSE on Monday, 07 Jul 2025
Cedaar Textile IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 119.0 |
| Listing Close Price | 113.0 |
| Listing Gain% | -15.0% |
| Current Gain% | -88.2% |
Cedaar Textile Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cedaar Textile Ltd. | 16.5 | 22.9 | -0.3 | 0 | 0.1 | -147.4 | -31.3 | 164.7 | -21.3 | -71.4 | -693 | -51.4 | -693 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Cedaar Textile INFORMATION ON IPO ISSUE
About Cedaar Textile
Cedaar Textile was incorporated on September 28, 2020. The company offers a wide range of raw white, mélange, solid top dyed, and grey fancy yarns in cotton, polyester, acrylic, viscose, Tencel, Modal, and other fibers. It focuses on sustainability by providing yarns made from 100% organic and recycled fibers for environmental conservation
Object of the Issue
- Installation of grid-tied solar PV rooftop system for captive evacuation
- Modernization of the machines
- To meet working capital requirement
- General corporate purposes
- For issue expenses
Cedaar Textile - PROMOTERS
| Name |
|---|
| Rajesh Mittal |
| Virender Goyal |
| Bachangada Nachappa Monnappa |
| Bachangada Monnappa Saraswati |
Cedaar Textile Book Running Lead Manager
Fast Track Finsec Private Limited
mb@ftfinsec.com
Cedaar Textile Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Cedaar Textile Strengths
Marketing
The company has a dedicated and experienced sales team that manages distributor and customer relationships, aiding market penetration. It also participates in trade fairs and uses direct marketing to attract new customers and promote products
Quality control
The company has an in-house quality management system with a dedicated quality control team to ensure compliance from procurement to dispatch. All raw materials and finished products undergo thorough quality checks to meet required standards and customer specifications
Environment, health & safety
The company operates in compliance with environmental laws and regulations related to air emissions, wastewater discharge, hazardous waste handling, and employee health and safety. It has obtained or is in the process of obtaining all necessary environmental permits and licenses for its operations
Cedaar Textile Risks
Export risks
Exporting to Bangladesh carries risks from political instability, security issues, and internal unrest. These factors can disrupt trade operations, increase costs, delay payments, and reduce consumer demand
Operational risks
The company’s factory operations require continuous power supply. Any disruption or sharp rise in power tariffs could adversely impact its business, operations, and financial performance
Trade barriers in key export markets
The company exports to multiple countries, with international markets contributing a significant share of revenue. Any increase in import duties or new trade restrictions in these countries could negatively impact its business and financial performance.
IPO FAQs
The promoters of the company are Rajesh Mittal, Virender Goyal, Bachangada Nachappa Monnappa and Bachangada Monnappa Saraswati.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 130.0 - 140.0.
The IPO application opens on Jun 30, 2025 and closes on Jul 02, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Jul 03, 2025.
The refund will be credited to your account on Jul 04, 2025.
The allotted shares will be credited to your demat on Jul 04, 2025.
Cedaar Textile Ltd.’s shares listed on the stock exchanges on Jul 07, 2025.