Madhur Knit Crafts IPO Day 2 Subscription Status: Issue Subscribed 0.32x, QIB Near Full Subscription

Mumbai, August 25: The Madhur Knit Crafts IPO saw a steady but still limited response on the second day of bidding, with investors yet to fully subscribe to the issue. The ₹53.27 crore IPO was subscribed 0.32 times as of 11:05 AM on August 25, according to the latest subscription data.

The issue had received bids for 15,16,800 shares against 47,58,000 shares available for public subscription. At the upper end of the ₹95-₹100 price band, the total value of bids stood at around ₹15.17 crore. The IPO had attracted 374 applications at the time of the update.

Among the investor categories, the QIB portion was closest to being fully subscribed at 0.99 times. The category received bids for 2,00,400 shares against 2,02,800 shares available after excluding the anchor portion.

Retail investors have subscribed 0.37 times of their reserved portion. The segment received bids for 8,37,600 shares, compared with 22,77,600 shares on offer.

The NII category, meanwhile, remained behind the other major segments at 0.21 times. Within this category, the bNII portion was subscribed 0.35 times, while the sNII portion stood at just 0.05 times.

Madhur Knit Crafts is a ₹53.27 crore bookbuilding IPO, consisting entirely of a fresh issue of 53,26,800 shares. The company has fixed the price band at ₹95 to ₹100 per share and the issue is scheduled to close on August 27, 2026.

Madhur Knit Crafts IPO Subscription Status Day 2 (As Of 11:05 AM)

The latest category-wise figures show that institutional demand is currently the strongest part of the issue, while NII participation remains relatively subdued:

• Overall: 0.32x
• QIB (Ex-Anchor): 0.99x
• NII: 0.21x
• bNII (> ₹10L): 0.35x
• sNII (< ₹10L): 0.05x
• Retail: 0.37x
• Total Applications: 374

The QIB book is just short of full subscription, with bids covering almost the entire portion available to qualified institutional buyers.

Retail participation has improved from the previous day’s level, moving from 0.25 times on Day 1 to 0.37 times on Day 2. Even so, the category still has a sizeable portion of its reserved shares left to be covered.

NII demand has moved in the opposite direction on the latest day-wise reading, slipping from 0.32 times on Day 1 to 0.21 times. The weaker showing is mainly due to the sNII segment, which remains at only 0.05 times.

Day-Wise Subscription Trend

Madhur Knit Crafts IPO ended its first day with an overall subscription of 0.32 times. The total figure remains at the same level on Day 2 as of the latest update, although the category-wise movement has been different.

The IPO had a relatively stronger start from QIBs, with the category already at 0.99 times on Day 1 and holding at the same level in the latest Day 2 update.

Retail participation has picked up, rising from 0.25 times to 0.37 times. At the same time, NII subscription has eased from 0.32 times to 0.21 times.

With two days of bidding now recorded, the issue still needs a significant jump in demand to reach full subscription. The final two trading sessions will therefore be important for determining whether interest accelerates before the issue closes.

IPO Details

• Issue Size: ₹53.27 crore
• Fresh Issue: 53,26,800 equity shares aggregating up to ₹53.27 crore
• Price Band: ₹95 to ₹100 per share
• Issue Price: ₹100 per share
• Lot Size: 1,200 shares
• Minimum Retail 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 Reservation: 2,66,400 shares

At the upper end of the price band, retail investors need to apply for a minimum of 2,400 shares, requiring an investment of ₹2.40 lakh.

For S-HNI investors, the minimum application is 3,600 shares, or three lots, which requires ₹3.60 lakh at the upper price of the issue.

The IPO has reserved 5,05,200 shares for QIBs, 22,77,600 shares for NIIs and 22,77,600 shares for retail investors, while 2,66,400 shares have been set aside for the market maker.

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 based in Ludhiana, Punjab. The company manufactures fabrics, blankets, winter textiles, garments and other textile products, with its business expanding beyond blankets since commercial operations began in 2013.

The company follows an integrated yarn-to-cloth manufacturing model, covering processes such as knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing.

Its manufacturing facility is located in Ludhiana and is equipped to handle modern textile production. The company sources raw materials, including yarn, from various suppliers and sells its products across domestic and international markets. Its export presence includes markets such as Korea, Taiwan and China, while an in-house effluent treatment plant supports its manufacturing operations.

Conclusion

The Madhur Knit Crafts IPO is yet to gain strong overall traction, with the issue subscribed 0.32 times as of 11:05 AM on August 25. The QIB portion is currently the strongest, standing at 0.99 times, while retail investors have covered 0.37 times of their reserved portion.

NII participation remains comparatively weak at 0.21 times, with the sNII segment at just 0.05 times. Retail demand has improved from Day 1, but the overall subscription figure is unchanged at 0.32 times so far.

With the IPO closing on August 27, investors still have two more days to place their bids. The basis of allotment is expected on August 28, followed by refunds and demat credit on August 31. The shares are tentatively scheduled to list on the NSE SME platform on September 1, 2026.

Source:

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