Cedaar Textile offers the widest range of Melange Yarns, Solid Top dyed yarns, Grey Fancy Yarns in cotton, polyester, acrylic, Viscose, Tencel. Modal and other Fibres. All yarns are being offered with sustainability as prime focus in 100% Organic, Recycle Fibres ( polyester & cotton ) for Green Environment and conservation natural resources.
Cedaar Textile, an Book Built Issue amounting to ₹ 60.9 Crores, consisting entirely an Fresh Issue of 43.50 Lakh Shares. The subscription period for the Cedaar Textile IPO opens on June 30, 2025, and closes on July 02, 2025. The allotment is expected to be finalized on or about Thursday, July 03, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, July 07, 2025.
The Share Price Band of Cedaar Textile IPO is set at ₹ 130 to ₹ 140 per equity share. The Market Capitalisation of the Cedaar Textile Limited at IPO price of ₹ 140 per equity share will be ₹ 194.30 Crores. The lot size of the IPO is 1,000 shares. Retail investors are required to invest a minimum of ₹ 1,40,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,000 shares), amounting to ₹ 2,80,000.
FAST TRACK FINSEC PRIVATE LIMITED is the book running lead manager of the Cedaar Textile IPO, while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the issue. NNM Securities Private Limited is the Market Maker for Cedaar Textile IPO.
Cedaar Textile Limited IPO GMP Today
The Grey Market Premium of Cedaar Textile Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Cedaar Textile Limited IPO Live Subscription Status Today: Real-Time Update
Cedaar Textile IPO will be open for its subscription on 30 June, 2025.
Cedaar Textile IPO Anchor Investors Report
Cedaar Textile has raised ₹ 10.94 Crores from Anchor Investors at a price of ₹ 140 per shares in consultation of the Book Running Lead Managers. The company allocated 7,82,000 equity shares to the Anchor Investors. Check Full List of Cedaar Textile Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.
Cedaar Textile Limited Day Wise IPO GMP Trend
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
25 June 2025 | ₹ 140 | ₹ 140 | ₹ 0 (0.00%) | 03:00 PM; 25 June 2025 |
Cedaar Textile Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Cedaar Textile IPO allotment date is 03 July, 2025, Thursday. Cedaar Textile IPO Allotment will be out on 3rd July, 2025 and will be live on Registrar Website from the allotment date. Check Cedaar Textile IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Cedaar Textile Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Cedaar Textile Limited IPO
Cedaar Textile to utilise the Net Proceeds towards the following objects:
1. ₹ 800.00 Lakhs is required for Installation of Grid-tied Solar PV Rooftop System for Captive evacuation;
2. ₹ 1,700.00 Lakhs is required forModernization of the Machines;
3. ₹ 2,490.00 Lakhs is required to meet Working Capital Requirement;
4. General Corporate Purposes.
5. For Issue Expenses
Refer to Cedaar Textile Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
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Cedaar Textile IPO Details |
|||||||||||
IPO Date | June 30, 2025 to July 02, 2025 | ||||||||||
Listing Date | July 07, 2025 | ||||||||||
Face Value | ₹ 10.00 | ||||||||||
Price | ₹ 130 to ₹ 140 per share | ||||||||||
Lot Size | 1,000 Equity Shares | ||||||||||
Total Issue Size | 43,50,000 Equity Shares (aggregating up to ₹ 60.9 Cr) | ||||||||||
Fresh Issue | 43,50,000 Equity Shares (aggregating up to ₹ 60.9 Cr) | ||||||||||
Offer for Sale | NA | ||||||||||
Issue Type | Book Built Issue | ||||||||||
Listing At | NSE SME | ||||||||||
Share holding pre issue | 95,28,600 | ||||||||||
Share holding post issue | 1,38,78,600 |
Cedaar Textile IPO Lot Size |
|||||||||||
Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 1,000 | ₹1,40,000 | ||||||||
Retail (Max) | 1 | 1,000 | ₹1,40,000 | ||||||||
S-HNI (Min) | 2 | 2,000 | ₹2,80,000 | ||||||||
S-HNI (Max) | 7 | 7,000 | ₹9,80,000 | ||||||||
B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
Cedaar Textile IPO Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Monday, June 30, 2025 | ||||||||||
IPO Close Date | Wednesday, July 02, 2025 | ||||||||||
Basis of Allotment | Thursday, July 03, 2025 | ||||||||||
Initiation of Refunds | Friday July 04, 2025 | ||||||||||
Credit of Shares to Demat | Friday July 04, 2025 | ||||||||||
Listing Date | Monday, July 07, 2025 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on July 02, 2025 |
Cedaar Textile IPO Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
QIB Portion | 5,22,000 | Not More than 50% of the Issue | |||||||||
Non-Institutional Investor Portion | 13,28,000 | Not Less than 15% of the Issue | |||||||||
Retail Shares Offered | 15,00,000 | Not Less than 35% of the Issue | |||||||||
Market Maker Portion | 2,18,000 | 5% of the Net Issue | |||||||||
Anchor Investor Portion | 7,82,000 | Allotted from QIB Portion |
Cedaar Textile IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 100.00 % | ||||||||||
Share Holding Post Issue | 68.66 % |
Cedaar Textile IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Qualified Institutional Buyers (QIB) | 5,22,000 | - | 0.00 | ||||||||
Non Institutional Investors(NIIS) | 15,46,000 | - | 0.00 | ||||||||
Retail Individual Investors (RIIs) | 15,00,000 | - | 0.00 | ||||||||
Total | 35,68,000 | - | 0.00 |
BUSINESS OVERVIEW
Cedaar Textile Company offers one of the widest ranges of yarns, including Raw White Yarns, Mélange Yarns, Solid Top Dyed Yarns, and Grey Fancy Yarns in Cotton, Polyester, Acrylic, Viscose, Tencel, Modal, and other fibres. All yarns are produced with a strong emphasis on sustainability, using 100% Organic and Recycled Fibres (Polyester & Cotton) to promote a green environment and conserve natural resources.
The company’s strategic focus includes Innovation, Customer Orientation, R&D, Technology Upgradation, Digitalization, ERP Integration, Continuous Improvement, and a shift towards Green Energy.
Product offerings span across Yarn, Technical Textile IFR, Fabrics, and Dyed Yarn. It specializes in high-quality Mélange Yarn used in household textiles, woven goods, and hosiery.
Aimed at catering to premium global and domestic clients, especially those manufacturing garments for renowned fashion brands, the production process starts from sourcing raw materials and blends fibres like Cotton, Polyester, Viscose, Acrylic, and others.
The business is structured into six core yarn verticals:
Mélange & Dyed Yarns
Specialty Yarns
Sweater Yarn Range (Count 2/20 Ne to 2/40 Ne)
Raw White Yarns (Count NE 16s to NE 40s) for Knitting and Weaving
Cone-Dyed Yarns (Dyeing Capacity: 4 MT/day)
Sustainable Yarn Products
As of June 01, 2025, the company have total 583 permanent employees. The Banker to the company is HDFC Bank Limited.
INDUSTRY ANALYSIS
Overview of the Indian Textile Market
India's textile sector is one of the oldest and most diverse industries in the country, with roots tracing back centuries. It encompasses a wide spectrum of operations—from traditional hand-spun and hand-woven textiles to highly mechanized, capital-intensive mills. A core strength of this industry lies in its broad and robust raw material base, which includes both natural fibres like cotton, jute, silk, and wool, as well as synthetic fibres such as polyester, viscose, nylon, and acrylic.
The decentralised segments—particularly power looms, hosiery, and knitting—make up the largest share of the industry. This sector also maintains strong linkages with agriculture, especially in sourcing raw materials like cotton. Furthermore, the cultural and traditional significance of textiles in India gives the industry a unique identity, setting it apart from other sectors.
India’s textile industry has the capability to cater to a wide array of market demands, serving both domestic and international consumers. According to CRISIL Ratings, the organised retail apparel segment is expected to witness 8–10% revenue growth in FY25, propelled by improved consumer demand following a normal monsoon, lower inflation levels, and festive and wedding season demand. The growing preference for affordable, fashionable clothing that mimics high-end designs is also expected to drive sales.
To stimulate investment and job creation, the Indian government has launched multiple schemes, including:
Scheme for Integrated Textile Parks (SITP)
Technology Upgradation Fund Scheme (TUFS)
Mega Integrated Textile Region and Apparel (MITRA) Park Scheme
Cotton Yarn Spinning Process
Cotton, a soft and fluffy natural fibre, is widely used to manufacture a variety of products including garments, towels, socks, earbuds, and even medical supplies. The transformation of cotton fibres into yarn is a crucial initial step in textile manufacturing, known as spinning.
In spinning, strands of fibres are twisted to form yarn using different types of spinning technologies—primarily ring spinning, rotor spinning, and air-jet spinning.
For synthetic fibres, the polymer is first melted or chemically dissolved into a fluid form, then extruded through a spinneret. As the polymer cools, it solidifies into filament fibres.
Stages in Cotton Processing:
Preparatory Processes
Spinning
Weaving
Finishing
Cotton Yarn Spinning – Key Steps:
Cotton fibres are drawn out and twisted into yarn.
The yarn is guided through a spinning frame, passing through multiple rollers that rotate at increasing speeds.
It is then wound onto bobbins in a single, continuous operation involving drafting, twisting, and winding.
The completed yarn bobbins are sent for further processes like bleaching, weaving, and dyeing.
Weaving and Finishing
In the weaving process, two yarn sets are interlaced at right angles—either manually or with machines—to create fabric. The woven cloth then undergoes finishing, where it's treated with bleaches, dyes, and other agents to improve appearance, texture, and quality before being turned into consumer products.
BUSINESS STRATEGIES
1. Enhance Financial Performance through Operational Efficiency
Focus on cost optimization, improved supply chain management, and Time and Motion studies to drive efficiency. Emphasis on eco-friendly practices such as the adoption of solar energy and sustainable production methods.
2. Expand Production Capacity and Optimize Resource Utilization
Strategic planning for increasing immediate and future capacity through investment in new spinning and dye house machinery, along with resource-based production and financial planning.
3. Reduce Energy Costs with Solar Energy Adoption
To counter rising energy costs in spinning operations, the company is commissioning a solar power plant, enabling cost-effective and sustainable energy usage without compromising product quality.
4. Advance Sustainability and Environmental Initiatives
Expansion into 100% recycled yarns for garments to meet rising demand for sustainable products. Implementation of waste management systems, effluent treatment for wastewater irrigation, and pollution control measures for environmental protection.
5. Diversify Product Portfolio
Entry into 100% recycled yarn segment and expansion into fabric dyeing to boost sales and capture new market opportunities.
6. Upgrade and Expand Dye House Capacity
The dye house serves both in-house production and job work. Plans include installation of upgraded machinery to increase dyeing capacity and operational efficiency.
BUSINESS RISK FACTORS & CONCERNS
1. Single Production Facility Dependency
Operations are entirely dependent on a single production facility in Punjab. Any disruption due to equipment failure, natural disasters, labor unrest, pandemics, or regulatory directives could adversely affect business continuity and financial results.
2. Export Risks – Bangladesh Market Exposure
A significant portion of revenue is derived from exports to Bangladesh (25.45% in 9M FY24). The region’s political instability, strikes, border tensions, and financial system vulnerabilities pose risks of trade delays, policy unpredictability, reduced demand, and payment defaults. Current export orders worth ₹1,516.73 lakhs are subject to these risks.
3. Third-Party Logistics Dependency
Reliance on external logistics providers for transportation and warehousing introduces risk. Disruptions or reduced service quality from these providers, especially in the absence of long-term contracts, may impact the supply chain and timely delivery of goods.
4. Delays in Machinery and Solar System Procurement
Orders for expansion-related machinery and a Grid-tied Solar PV Rooftop System are yet to be placed. Any delay could increase implementation costs and postpone operational timelines. Cost estimates are based on third-party quotations, which are time-sensitive and subject to revision.
Cedaar Textile faces a range of operational, geopolitical, logistical, and implementation-related risks that could impact its financial performance, export stability, and business expansion plans.
Period Ended | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
---|---|---|---|---|
Reserve of Surplus | 5,116.88 | 1,773.55 | 1,392.51 | 934.57 |
Total Assets | 22,276.70 | 19,822.57 | 17,584.48 | 15,445.17 |
Total Borrowings | 12,062.64 | 14,614.90 | 13,700.93 | 12,101.33 |
Fixed Assets | 7,850.52 | 7,720.68 | 7,377.76 | 6,931.46 |
Cash | 905.08 | 668.50 | 1,024.89 | 1,022.98 |
Net Borrowing | 11,157.56 | 13,946.40 | 12,676.04 | 11,078.35 |
Revenue | 11,390.67 | 19,101.24 | 16,187.94 | 22,043.72 |
EBITDA | 2,208.57 | 2,952.39 | 1,726.39 | 1,829.30 |
PAT | 706.18 | 1,105.05 | 458.94 | 798.63 |
EPS | 8.63 | 14.73 | 6.12 | 10.65 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹ 14.73 | ||||||||||
EPS Post IPO (Rs.) | ₹ 7.96 | ||||||||||
P/E Pre IPO | 9.50 | ||||||||||
P/E Post IPO | 17.58 | ||||||||||
ROE | 56.06 % | ||||||||||
ROCE | 26.90 % | ||||||||||
P/BV | 4.16 | ||||||||||
Debt/Equity | 5.79 | ||||||||||
RoNW | 56.06 % |
Cedaar Textile Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Cedaar Textile Limited | ₹ 9.50 | 26.90 % | 56.06 % | 17.58 | 4.16 | 5.79 | 56.06 % | ||||
Shiva Texyarn Limited | ₹ 9.09 | 9.10 % | 9.13 % | 23.4 | 2.03 | 0.78 | 9.13 % | ||||
Vardhman Textiles Limited | ₹ 30.5 | 11.2 % | 9.30 % | 16.0 | 1.41 | 0.13 | 9.30 % |
CEDAAR TEXTILE LIMITED
KSSIDC Plot No B-34, Industrial Estate, Yelahanka New Town, Bangalore, Bengaluru, Karnataka, India, 560064
Contact Person : Ms. Neha Parbhakar Rawat
Telephone : +91 9815610607
Email : Info@cedaartextile.com
Website : https://cedaartextile.com/
Registrar : SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Contact Person : Mr. Anuj Rana
Telephone : +91-11-40450193-97
Email : ipo@skylinerta.com
Website : https://www.skylinerta.com/
Lead Manager : FAST TRACK FINSEC PRIVATE LIMITED
Contact Person : Ms. Sakshi / Mr. Rakesh Kumar Pathak
Telephone : +91-11-43029809
Email : mb@ftfinsec.com investor@ftfinsec.com
Website : https://www.ftfinsec.com/
Cedaar Textile offers the widest range of Melange Yarns, Solid Top dyed yarns, Grey Fancy Yarns in cotton, polyester, acrylic, Viscose, Tencel Modal and other Fibres. All yarns are being offered with sustainability as prime focus in 100% Organic, Recycle Fibres ( polyester & cotton ) for Green Environment and conservation natural resources.
The Promoters Mr. Rajesh Mittal and Mr. Virender Goyal has the experience of 28 and 33 years respectively in the industry of textile. The Company offers the widest range of Raw white Yarns, Melange Yarns, Solid Top dyed Yarns, and Grey Fancy Yarns in Cotton, Polyester, Acrylic, Viscose, Tencel, Modal, and other Fibers
The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹
11,390.67 Lakh, ₹ 19,101.24 Lakh, ₹
16,187.94 Lakh and ₹ 22,043.72 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹
2,208.57 Lakh, ₹ 2,952.39 Lakh, ₹
1,726.39 Lakh, and ₹ 1,829.30 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹
706.18 Lakh, ₹ 1,105.05 Lakh, ₹
458.94 Lakh, and ₹ 798.63 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 14.73 and post-issue EPS of ₹ 7.96 for FY24. The pre-issue P/E ratio is 9.50x, while the post-issue P/E ratio is 17.58x against the Industrt P/E ratio is 20.00x. The company's ROCE for FY24 is 26.90%, ROE for FY24 is 56.06% and RoNW is 56.06%. The Annulaised EPS is ₹ 6.78 and annualised P/E Ratio is 20.64x. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Cedaar Textile showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Cedaar Textiles Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
The Grey Market Premium (GMP) of Cedaar Textile showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Cedaar Textiles Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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