Cedaar Textile Limited IPO

Cedaar Textile Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹130 - ₹140

Total Issue

₹60.90 Cr

Bid Dates

30 Jun - 02 Jul

Subscription

12.32x

Est. GMP

₹10 (7.14%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Cedaar Textile Limited, incorporated in 2020 and converted to a public limited company in 2024, is promoted by industry veterans Mr. Rajesh Mittal and Mr. Virender Goyal, who together bring over 63 years of experience. The company manufactures a wide range of sustainable yarns—Raw White, Melange, Solid Top Dyed, and Grey Fancy—using cotton, polyester, viscose, acrylic, and more. With a focus on innovation, R&D, green energy, and digitalization, Cedaar serves top-tier domestic and international garment manufacturers producing for leading fashion brands.

Lot Info

Lot Information for Cedaar Textile IPO
Category Lots Shares Amount
Individual (Min) 1 1,000 ₹1,40,000
Individual (Max) 1 1,000 ₹1,40,000
S-HNI (Min) 2 2,000 ₹2,80,000
S-HNI (Max) 7 7,000 ₹9,80,000
B-HNI (Min) 8 8,000 ₹11,20,000
Market Maker
2,18,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹60.90 Cr
Fresh Issue
₹60.90 Cr (0.44 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹10
Est. Price ₹150
Est. Gain 7.14%

Cedaar Textile IPO Peer Comparison

(Rs. in crores)

Cedaar Textile IPO Peer Comparison Table
Particulars Cedaar Textile Shiva Texyarn Vardhman Textiles
Revenue from Ops (in Crs.) 189.68 335.28 9,298.68
PAT (In Crs.) 11.05 -11.08 607.63
EPS - Basic 8.63 -8.55 21.01
NAV per share 63.70 94.78 304.49
RONW 16.44% 8.63% 7.11%
EBITDA 15.19% 2.24% 10.31%
PAT Margin 5.83% -3.31% 6.53%
Price to earning (PE) 9.50 22.70 17.03
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 10th June, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Cedaar Textile IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 112.03 189.68 160.25 217.40
Profit after Tax 7.06 11.05 4.59 7.99
Net Worth 60.70 25.24 14.19 9.60
Total Borrowing 120.63 120.63 137.01 121.01
Total Assets 222.77 198.23 175.84 154.45
NAV per share (in ₹) 63.70 33.65 18.91 12.79
EPS - Basic (in ₹) 8.63 14.73 6.12 10.65

KPIs

EBITDA

15.19%

PAT

5.83%

ROE

56.06%

ROCE

26.90%

PE Ratio

9.50

PB Ratio

4.16

Mkt Cap (in Crs.)

194.30

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

99.99%

Public

0.01%

Rajesh Mittal 40.35%
Monnappa Bachangada 39.77%
Virender Goyal 18.30%
Bachangada Saraswathi 1.57%

Management

Rajesh Mittal MD
Virender Goyal CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Skyline Financial Services

Lead Managers (1)

Fast Track Finsec Fast Track Finsec

Subscription Status

Updated as on 02-Jul-2025 19:00:18 hrs

Category Sub (x) Offered Bids
QIB 37.88x 5,22,000 1,97,71,000
NII 5.05x 13,28,000 67,02,000
Retail 9.73x 15,00,000 1,45,92,000
Total 12.26x 33,50,000 4,10,65,000

Frequently Asked Questions

What is Cedaar Textile IPO?
Cedaar Textile IPO is a SME IPO having an issue size of ₹60.90 Crs. Cedaar Textile IPO is priced at ₹130 - ₹140 per share. The issue opens on 30 Jun 25 and closes on 02 Jul 25.
When will Cedaar Textile IPO open?
Cedaar Textile IPO opens on 30 Jun 25 and closes on 02 Jul 25.
What is the GMP of Cedaar Textile IPO?
The estimated Grey Market Premium of Cedaar Textile IPO is ₹10 per share (7.14%).
What is the lot size of Cedaar Textile IPO?
The minimum lot size of Cedaar Textile IPO is 1000 shares & the minimum application amount is Rs. 140000.
When is the allotment of Cedaar Textile IPO?
The allotment date of Cedaar Textile IPO is 03 Jul 25.
What is the listing date of Cedaar Textile IPO?
The listing date of Cedaar Textile IPO is 07 Jul 25.
What is the subscription of Cedaar Textile IPO?
Cedaar Textile IPO is subscribed 12.32 times.
What is the price band of Cedaar Textile IPO?
Cedaar Textile IPO is priced at ₹130 - ₹140 per share.
How to check allotment status of Cedaar Textile IPO?
Click the allotment link on Cedaar Textile IPO page of IPO360.
How to apply Cedaar Textile IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Cedaar Textile IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Cedaar Textile IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Cedaar Textile IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date