Cedaar Textile Lists at ₹119 on NSE Emerge, Slips Below Issue Price in Early Trade

Bangalore, July 7, 2025 – Cedaar Textile Limited made its debut on the NSE Emerge platform today, listing at ₹119 per share, a sharp discount to its IPO issue price of ₹140. During the bidding period, the IPO received strong investor interest, with a total subscription of 12.26 times, led by QIBs and retail investors.

The ₹60.90 crore IPO reduced promoter holding to 68.66%, with the proceeds earmarked for modernisation, working capital needs, and setting up a solar power system.

As of 11:08 AM, the company’s shares were trading at ₹113.40, experiencing a sharp decline of 19.00%.

Listing Day Highlights (as of 11:08 AM IST)

IPO Recap

Cedaar Textile’s ₹60.90 crore IPO, which ran from June 30 to July 2, was subscribed 12.26 times:

• QIBs: 37.88x
• Retail Investors: 9.73x
• NIIs: 5.04x

Allotment was finalised on July 3, with demat credits and refunds completed by July 4.

Outlook

With a volatile start on listing day, market participants will watch Cedaar’s price action closely as volumes build up through the session. The stock is trading in the ST series with a 5% price band.

Company Overview

Cedaar Textile manufactures raw white, melange, and fancy dyed yarns with a focus on sustainable fibres. The company is promoted by Rajesh Mittal, Monnappa Nachappa Bachangada, and Virender Goyal. Post-IPO, promoters hold 68.66% of the company’s equity.

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