Madhur Knit Crafts IPO Closes at 1.50x Subscription on Day 4

Mumbai, August 27: The Madhur Knit Crafts IPO wrapped up its four-day bidding window on August 27, 2026. By the end of Day 4, the ₹53.27 crore issue had been subscribed 1.50 times overall, with retail investors emerging as the strongest contributors to demand.

The IPO, which opened on August 24, was entirely a fresh issue of 53.26 lakh shares. The price band was set at ₹95 to ₹100 per share, while the minimum application required 1,200 shares, taking the minimum retail investment to ₹1.20 lakh at the upper end of the price band.

Madhur Knit Crafts IPO Subscription Status

As of the close of bidding on August 27, the issue received bids for 71.32 lakh shares, against 47.58 lakh shares offered to the public, resulting in an overall subscription of 1.50 times.

Retail investors were clearly ahead of the other categories, with their portion subscribed 2.30 times. The QIB segment, excluding the anchor portion, was subscribed 1.01 times, while the NII category ended at 0.74 times.

Within the NII segment, applications from investors bidding above ₹10 lakh reached 0.86 times, while the smaller NII category was subscribed 0.80 times.

The issue recorded a total of 2,393 applications by the end of the bidding period.

Madhur Knit Crafts IPO Day-Wise Subscription

Demand built gradually through the issue before the final day pushed the overall subscription to 1.50 times.

The retail portion saw the biggest improvement on the final day, moving from 1.10 times at the end of Day 3 to 2.30 times by the close. The NII segment also picked up on the last day, although it remained below full subscription.

Madhur Knit Crafts IPO Key Details

Madhur Knit Crafts came to the market with a ₹53.27 crore bookbuilding issue. The IPO consisted entirely of a fresh issue of 53.26 lakh shares.

The company has fixed the price band at ₹95-₹100 per share. Each IPO lot contains 1,200 shares, meaning retail investors need to put in ₹1.20 lakh for one lot at the upper price.

The issue has a ₹2.66 crore market maker reservation, while the net offer available to the public stands at around 50.60 lakh shares.

What Happens After Madhur Knit Crafts IPO Closes?

With the subscription window now closed, the focus shifts to the allotment process.

The tentative schedule indicates that the IPO allotment is expected on August 28, 2026. Refunds for unsuccessful applicants are expected to begin on August 31, with shares also likely to be credited to successful applicants on the same day.

The shares are scheduled to make their debut on the NSE SME platform on September 1, 2026, subject to the final listing process.

Conclusion

Madhur Knit Crafts IPO ended on a reasonably positive note, with the issue getting 1.50 times overall subscription. The standout figure was the 2.30x retail subscription, while QIB demand managed to cross the one-time mark. NII participation, however, remained comparatively subdued at 0.74 times.

Now that the IPO is closed for subscription, investors will be watching the allotment result on August 28 and the expected SME listing on September 1.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=MADHURKNIT&series=SME&type=Active