Madhur Knit Crafts IPO Day 1 Subscription Status: Issue Subscribed 0.01x, Bidding Underway

Mumbai, August 24: The Madhur Knit Crafts IPO has opened for subscription, but investor interest remained subdued in the early hours of Day 1. The ₹53.27 crore issue was subscribed 0.01 times as of 10:25 AM on August 24, with individual investors showing slightly better participation than other public categories.

The issue had received bids for 49,200 shares against 47,58,000 shares available for public subscription. At the upper end of the price band, these bids were worth around ₹0.49 crore. The Madhur Knit Crafts IPO had received 18 applications by the time of the latest update.

Individual investors accounted for most of the public bidding so far, with their portion subscribed 0.02 times. Investors in this category had bid for 38,400 shares against 22,77,600 shares reserved for them.

The NII category remained largely untouched at 0.00 times, with bids for 10,800 shares against an allocation of 22,77,600 shares. Within the segment, sNII demand stood at 0.01 times, while the bNII portion was still at 0.00 times.

The QIB portion, excluding anchor investors, had not received any bids at the time of the update and stood at 0.00 times.

Madhur Knit Crafts is a ₹53.27 crore bookbuilding IPO, comprising an entirely fresh issue of 53,26,800 shares. The price band has been set at ₹95 to ₹100 per share, with the IPO scheduled to remain open through August 27.

Madhur Knit Crafts IPO Subscription Status Day 1 (As Of 10:25 AM)

The early subscription numbers show that the issue is still in its opening phase, with most categories yet to see significant participation:

• Overall: 0.01x
• Individual Investors: 0.02x
• NII: 0.00x
• bNII (> ₹10L): 0.00x
• sNII (< ₹10L): 0.01x
• QIB (Ex-Anchor): 0.00x
• Total Applications: 18

The individual investor segment has seen the strongest response so far, although the category remains well below its reserved quota. Bids for 38,400 shares have been placed against 22,77,600 shares available to individual investors.

The NII category is also yet to gain traction. While the overall NII subscription is shown at 0.00x, the smaller-ticket sNII segment has recorded a marginal 0.01x subscription.

For QIBs, excluding the anchor allocation, there were no bids at the latest update. Since this is only the first day of a four-day issue, the subscription figures can change sharply as institutional and other investor participation picks up.

Day-Wise Subscription Trend

Madhur Knit Crafts IPO has only completed its first day of bidding, and the opening session has been relatively quiet. The issue stood at 0.01 times overall as of 10:25 AM on August 24.

The first-day numbers indicate that investor participation is still at an early stage. Individual investors have placed the highest number of bids so far, but their category has covered only 2% of the shares reserved.

The NII and QIB segments have seen very limited activity in the opening session. With three more bidding days remaining, the subscription picture could look considerably different by the time the issue closes.

IPO Details

• Issue Size: ₹53.27 crore
• Fresh Issue: 53,26,800 equity shares aggregating up to ₹53.27 crore
• Offer For Sale: Nil
• Price Band: ₹95 to ₹100 per share
• Lot Size: 1,200 shares
• Minimum Individual Investor Investment: ₹2,40,000 (2,400 shares)
• Minimum S-HNI Investment: ₹3,60,000 (3,600 shares)
• Listing Exchange: NSE SME
• Issue Type: Bookbuilding IPO
• Market Maker Portion: 2,66,400 shares

At the upper price of ₹100 per share, retail applicants need to bid for a minimum of 2,400 shares, equivalent to two lots. This puts the minimum application amount at ₹2.40 lakh.

For S-HNI investors, the minimum application is 3,600 shares, or three lots, requiring an investment of ₹3.60 lakh at the upper end of the price band.

The IPO has a total issue size of 53,26,800 shares, of which 2,66,400 shares have been reserved for the market maker. The net offer to the public stands at 50,60,400 shares.

Key Dates

• IPO Opens: August 24, 2026
• IPO Closes: August 27, 2026
• Tentative Allotment: August 28, 2026
• Refund Initiation: August 31, 2026
• Shares Credited To Demat Accounts: August 31, 2026
• Tentative Listing: September 1, 2026

About Madhur Knit Crafts Ltd.

Madhur Knit Crafts Limited, incorporated in August 1997, is a textile manufacturing company involved in producing fabrics, blankets, winter textiles, garments and other textile products.

The company began commercial operations in 2013 with a focus on blanket manufacturing and has gradually expanded its product range to serve consumer, industrial and institutional textile requirements.

Madhur Knit Crafts operates an integrated yarn-to-cloth manufacturing setup. Its production activities cover processes such as knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing.

The company’s manufacturing facility is located in Ludhiana, Punjab, a major textile hub. It sources textile machinery from countries including Korea, Taiwan and China and also has an in-house Effluent Treatment Plant. The company is ISO 9001:2015 certified for its quality management system.

Conclusion

The Madhur Knit Crafts IPO has started on a cautious note, with the ₹53.27 crore issue subscribed 0.01 times as of 10:25 AM on August 24. Individual investors have shown the most activity so far, taking their portion to 0.02 times, while the NII and QIB categories remain largely unfilled.

The opening-day numbers are still very early, and with the IPO set to remain open until August 27, there is plenty of time for subscription levels to build. The response from NII and QIB investors will be particularly important in determining how the overall demand develops over the next few sessions.

Investors still have three more bidding days to participate in the Madhur Knit Crafts IPO. The tentative basis of allotment is scheduled for August 28, followed by refunds and demat credit on August 31. The shares are expected to make their debut on the NSE SME platform on September 1, 2026.

Source:

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