Upcoming IPO: Cedaar Textile IPO Opens June 30: Price Band at ₹130–₹140, GMP at ₹9 — All You Need to Know
Cedaar Textile IPO opens on June 30 with a price band of ₹130–₹140 per share. Learn about GMP, subscription dates, financials, and key objectives of the issue.
Upcoming IPO: Cedaar Textile IPO Opens June 30: Price Band at ₹130–₹140, GMP at ₹9 — All You Need to Know
The Cedaar Textile IPO is set to open for public subscription on Monday, June 30, 2025, and will close on Wednesday, July 2, 2025. The company has fixed its IPO price band at ₹130 to ₹140 per equity share, each with a face value of ₹10. Investors can bid for a minimum of 1,000 shares, and in multiples thereafter.
📊 Cedaar Textile IPO Details at a Glance
IPO Open Date: June 30, 2025
IPO Close Date: July 2, 2025
Price Band: ₹130 – ₹140
Lot Size: 1,000 shares
Total Issue Size: ₹60.90 crore (43.5 lakh shares)
Offer for Sale (OFS): None
IPO Type: Fresh Issue only
GMP Today: ₹9 (indicates a likely listing price of ₹149, 6.43% above issue price)
🏭 About Cedaar Textile Limited
Cedaar Textile Limited is a yarn manufacturing company specializing in high-quality mélange yarn used in home textiles, woven products, and hosiery. The company serves both domestic and international fashion brands, producing yarn from cotton, polyester, viscose, acrylic, and other blends.
Key Manufacturing Highlights:
Facility Size: 48.65 acres
Spinning Capacity: 9,000 MTPA
Dyeing Capacity: 1,980 MTPA
💰 Financial Performance (as of December 2024)
Operating Revenue: ₹1,120.3 lakh
EBITDA: ₹195.9 lakh
Net Profit: ₹70.6 lakh
Cedaar’s performance has shown steady growth, with profit margins improving quarter over quarter. The company is benchmarking itself against peers like Shiva Texyarn Ltd (P/E: 22.70) and Vardhman Textiles Ltd (P/E: 17.03).
⚙️ IPO Objectives: How Will Funds Be Utilized?
According to its Red Herring Prospectus (RHP), the net proceeds from the IPO will be used for:
Installation of a Grid-tied Solar Rooftop System
Modernization and equipment upgrades
Working capital requirements
General corporate purposes
IPO-related expenses
🏦 Key IPO Management & Market Players
Book-Running Lead Manager: Fast Track Finsec Pvt Ltd
Registrar: Skyline Financial Services Pvt Ltd
Market Maker: Nnm Securities Pvt Ltd
📈 Cedaar Textile IPO GMP Today: What the Grey Market Indicates
As per data from investorgain.com, the Grey Market Premium (GMP) for Cedaar Textile IPO stands at ₹9. If trends hold, shares could list at around ₹149, implying a 6.43% premium over the upper price band of ₹140.
🔍 Should You Invest?
With strong December financials, green energy investments, and modernization plans in place, Cedaar Textile aims to strengthen its position in the growing melange yarn market. The moderate valuation and niche business model could make this IPO an attractive option for SME investors looking for long-term potential.
