Madhur Knit Crafts IPO Subscription Day 4: Issue Subscribed 0.88 Times

Mumbai, August 27: The Madhur Knit Crafts IPO continued to see steady bidding on Thursday, August 27, as the issue entered its final day of subscription. By 10:30 AM, the ₹53.27 crore public issue had received bids for 41.80 lakh shares against 47.58 lakh shares offered, taking the overall subscription to 0.88 times.

The IPO opened for subscription on August 24 and closes today, August 27. The company is looking to raise funds through a completely fresh issue, with the shares proposed to list on the NSE SME platform.

Retail Investors Lead the Bidding

Retail participation has been the strongest among the investor categories so far. The retail portion was subscribed 1.38 times, with bids received for 31.49 lakh shares against the 22.78 lakh shares reserved for the category.

A total of 1,312 retail applications had been recorded by the time of the latest update.

The QIB segment, excluding the anchor portion, was subscribed 1.01 times, with bids for 2.04 lakh shares against 2.03 lakh shares offered.

The NII portion remained below full subscription at 0.36 times. Within the NII category, the portion for investors bidding above ₹10 lakh was subscribed 0.47 times, while the sub-category for applications below ₹10 lakh stood at 0.31 times.

Madhur Knit Crafts IPO Subscription Status

The company had also allotted 3.02 lakh shares to anchor investors before the IPO opened.

Day-wise Subscription Trend

The subscription pace has picked up through the four-day bidding period. The issue was subscribed 0.32 times on Day 1, rising to 0.42 times on Day 2 and 0.70 times on Day 3.

On Day 4, the overall subscription reached 0.88 times as retail participation strengthened.

Madhur Knit Crafts IPO details

Madhur Knit Crafts IPO is a ₹53.27 crore book-built issue comprising entirely of a fresh issue of 53.26 lakh shares. The price band has been fixed at ₹95 to ₹100 per share.

The minimum retail application requires 2,400 shares, translating to an investment of ₹2.40 lakh at the upper end of the price band. The minimum HNI application is three lots, or 3,600 shares, requiring ₹3.60 lakh.

The IPO opened on August 24, 2026, and closes on August 27, 2026. The tentative allotment date is August 28, followed by credit of shares on August 31. The tentative listing date is September 1, 2026, on NSE SME.

About Madhur Knit Crafts

Madhur Knit Crafts Ltd. is a textile manufacturing company incorporated in 1997. The company manufactures fabrics, blankets, winter textiles, garments and other textile products.

Its manufacturing operations are based in Ludhiana, Punjab, giving it access to an established textile ecosystem and supply network. The company has also developed an integrated manufacturing setup covering processes such as knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing.

What Investors Should Watch

With the IPO currently at 0.88 times subscription, the issue is close to full subscription but has not crossed the 1x mark overall as of the latest update. Retail demand has been the key support, while the NII segment continues to lag.

Investors should keep in mind that subscription figures can change significantly during the final hours of an IPO. The final subscription count, allotment probability and eventual listing performance can therefore differ from the numbers seen during the morning update.

Disclaimer: IPO subscription data is time-sensitive and can change throughout the bidding period. The figures above reflect the subscription status shown in the provided update as of 10:30 AM on August 27, 2026. This article is for informational purposes and should not be treated as investment advice.

Source:

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