IPO Snapshot: Cedaar Textile Ltd.

Cedaar Textile is a diversified yarn manufacturer offering:

• Melange Yarns, Solid Top Dyed Yarns, Grey Fancy Yarns

• Available in materials like Cotton, Polyester, Viscose, Acrylic, Modal, Tencel

• Focus on sustainability with organic and recycled fibres

IPO Details Summary

GMP (Grey Market Premium) Update

• Current GMP: ₹0

• Upper Band Price: ₹140

• Expected Listing Price: ₹140

• Potential Listing Gain: 0%

Note: GMP is unofficial and speculative; no grey market activity has been recorded so far.

Promoter Background

• Mr. Rajesh Mittal – 28 years in the textile industry

• Mr. Virender Goyal – 33 years of industry experience

They bring decades of operational expertise to Cedaar Textile’s sustainable yarn business.

Financial Performance (₹ in Lakh)

Valuation & Key Ratios

The financials reflect steady growth, but valuations are slightly stretched at the post-issue level.

Use of IPO Proceeds

Funds raised will be used for:

• Working capital augmentation

• Operational expansion and capacity utilization

• General corporate purposes

Should You Apply for Cedaar Textile IPO?

Positives:

• Broad product diversification in yarn types

• Strong focus on sustainable and recycled materials

• Good return ratios (ROE and ROCE)

Concerns:

• No GMP indicates weak demand or muted investor sentiment

• Competitive and cyclical textile industry

• SME IPO with high lot size, reducing retail affordability

Expert View:
Despite healthy financials and return ratios, lack of GMP interest and valuation caution makes this IPO less attractive for listing gains. Conservative investors may avoid or wait for listing before considering entry.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors and read all documents carefully before making investment decisions. Market conditions are subject to change.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Adcounty Media India, Marc Loire Fashions, Neetu Yoshi.

The Current active IPO are Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials, Abram Food, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Globe Civil Projects, Ellenbarrie Indutrial Gases, Kalpataru, AJC Jewel.

The Closed IPOs are Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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