Madhur Knit Crafts IPO Subscription Day 3: Issue Booked 0.70x

Mumbai, August 26: The Madhur Knit Crafts IPO is seeing a mixed response from investors on Day 3. By around 5:20 PM on August 26, 2026, the issue had received bids for 33.26 lakh shares against 47.58 lakh shares on offer, taking the overall subscription to 0.70 times.

Retail investors have already crossed the one-time mark, while the QIB portion is also fully subscribed. The NII category, however, is still below full subscription.

The IPO opened on August 24 and closes on August 27, 2026.

Madhur Knit Crafts IPO Key Details

Madhur Knit Crafts IPO Subscription Status

As of August 26, Day 3, the subscription figures were:

Retail investors have subscribed 1.09 times, making this the strongest public category so far. QIB demand is also just above full subscription at 1.01 times.

The NII portion remains the weak spot, with subscription at only 0.28 times.

The overall figure includes the applicable issue structure and market-maker portion, so the category-wise numbers give a clearer picture of where demand is actually coming from.

Day-wise Subscription Trend

The IPO has gained momentum during the three-day bidding period, particularly in the retail segment.

Retail subscription has been the biggest mover, rising from 0.25x on Day 1 to 1.09x on Day 3.

NII participation, on the other hand, has remained below 0.50x throughout the bidding period.

Madhur Knit Crafts IPO Issue Structure

Madhur Knit Crafts is raising ₹53.27 crore through a fresh issue.

The total issue consists of 53,26,800 shares, including 2,66,400 shares reserved for the market maker.

After the market-maker allocation, 50,60,400 shares are offered to the public.

The public portion is divided as follows:

• QIB: 5,05,200 shares

• NII: 22,77,600 shares

• Retail: 22,77,600 shares

• Market Maker: 2,66,400 shares

The company does not have an offer-for-sale component in this IPO.

Madhur Knit Crafts IPO Anchor Investors

Madhur Knit Crafts raised around ₹3.02 crore from anchor investors ahead of the IPO.

The anchor bidding took place on August 21, 2026, with 3,02,400 shares allocated to anchor investors.

Half of the anchor shares are subject to a 30-day lock-in, while the remaining shares have a 90-day lock-in period as per the issue details.

About Madhur Knit Crafts

Madhur Knit Crafts is a textile manufacturing company involved in making fabrics, blankets, winter textiles, garments and other textile products.

The company started commercial operations in 2013 and has since expanded beyond manufacturing blankets into a broader textile product range serving consumer, industrial and institutional customers.

Its operations follow an integrated yarn-to-cloth manufacturing model, covering processes such as knitting, dyeing, printing, brushing, polishing, seeding, tentering, bonding and finishing.

The company’s manufacturing facility is located in Ludhiana, Punjab, a well-known textile manufacturing hub.

Madhur Knit Crafts IPO Allotment and Listing Date

The tentative IPO schedule is:

• IPO Close: August 27, 2026

• Allotment: August 28, 2026

• Refund: August 31, 2026

• Share Credit: August 31, 2026

• Listing: September 1, 2026

These dates are tentative and may change depending on the finalisation process.

Conclusion

The Madhur Knit Crafts IPO has picked up pace on Day 3, with the overall issue now 0.70x subscribed. Retail investors have taken the lead at 1.09x, while QIB subscription has reached 1.01x.

The main gap is in the NII segment, which is still subscribed only 0.28x. With the IPO closing on August 27, the final day of bidding will be important in determining whether the issue reaches full subscription.

For investors, the subscription trend is only one part of the picture. The ₹95–₹100 price band, ₹2.40 lakh minimum retail investment, SME listing and the company’s textile business all need to be considered before making an investment decision.

Source:

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