Cedaar Textile Limited, a leading manufacturer of a diverse range of yarns and textile products, is set to open its Initial Public Offering (IPO) on Monday, June 30, 2025. The IPO aims to raise up to ₹60.90 crore at the upper price band, with the company preparing for listing on the NSE Emerge platform, a dedicated exchange for high-growth SMEs.
The public issue comprises 43,50,000 equity shares with a face value of ₹10 each. The price band is set at ₹130 to ₹140 per share, and the lot size is fixed at 1,000 equity shares. The issue will remain open for subscription until July 2, 2025, with the anchor book opening on June 27, 2025.
Equity Share Allocation:
- QIB Anchor Portion: Up to 7,82,000 equity shares
- Qualified Institutional Buyers (QIB): Up to 5,22,000 equity shares
- Non-Institutional Investors (NII): Not less than 13,28,000 equity shares
- Retail Individual Investors (RII): Not less than 15,00,000 equity shares
- Market Maker Portion: 2,18,000 equity shares
The net proceeds from the IPO will be utilized for the installation of a grid-tied solar PV rooftop system, modernization of existing machinery, working capital infusion, and general corporate purposes—all of which support the company’s commitment to sustainable operations and long-term scalability.
Rajesh Mittal, Managing Director of Cedaar Textile Limited, commented: “This IPO represents a defining step forward for Cedaar as we expand our footprint in the textile industry. The funds raised will support our modernization efforts, enhance energy efficiency through solar integration, and open doors to new verticals like technical textiles and branded apparel. Our vision is to reinforce our leadership in value-added textiles while continuing to offer sustainable and innovative products to our clients globally.”
Vikas Varma, Director of Fast Track Finsec Private Limited, the Book Running Lead Manager, added: “We are proud to partner with Cedaar Textile Limited on this milestone. The company’s innovation-driven and sustainable business model is well-aligned with emerging industry trends. This IPO offers Cedaar the platform to strengthen its operations and capture new market opportunities in India and beyond.”
The IPO is being managed by Fast Track Finsec Private Limited, while Skyline Financial Services Private Limited is acting as the Registrar to the Issue.
The Cedaar Textile Limited IPO is well-timed, coinciding with a phase of high growth in India’s textile and apparel industry. Driven by increased global demand, government-backed initiatives, and the shift towards sustainable, high-quality products, Cedaar is strategically positioned to scale. With a focus on innovation, modernization, and diversification, the company is set to strengthen its market presence and deliver value to investors through this public offering.
