Cedaar Textile IPO is a book-built issue worth ₹60.90 crore. The entire issue consists of a fresh offer of 43.50 lakh equity shares. The IPO opens for public subscription on June 30, 2025, and will close on July 2, 2025. The allotment of shares is expected to be finalised on July 3, 2025.
Cedaar Textile IPO is proposed to be listed on the NSE SME platform with a tentative listing date scheduled for July 7, 2025. The price band for Cedaar Textile IPO is fixed between ₹130 and ₹140 per share. Investors are required to apply for a minimum of 1,000 shares.
For retail investors, the minimum investment amount is ₹1,30,000. To improve the chances of allotment in case of oversubscription, it is advisable to bid at the cutoff price of ₹140, which raises the investment to ₹1,40,000. High Net-Worth Individuals (HNIs) must apply for at least 2,000 shares, amounting to ₹2,80,000.
Fast Track Finsec Private Limited is acting as the book-running lead manager, with Skyline Financial Services Private Limited serving as the registrar. The market-making responsibility is handled by Nnm Securities Private Limited.
Industry Outlook
- India remains the world’s top cotton producer, with projected output of 316.57 lakh bales in 2023–24. This steady supply of raw material is expected to support Cedaar Textile Limited in maintaining smooth production and cost control.
- The Indian textile industry is set to grow from US$138 billion to US$195 billion by 2025. This growing market presents significant opportunities for Cedaar Textile to expand operations and cater to increasing demand.
- Domestic demand for Polyester Staple Fibre (PSF) is expected to grow by 9.2% in FY24, supporting the long-term CAGR growth of 1.5–2.5% till FY28. Cedaar Textile can benefit from this trend by tapping into the growing polyester yarn and blended fabric segments.
Cedaar Textile IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company aims to use a portion of the proceeds to install a solar rooftop system for reducing power costs.
- Part of the proceeds will be utilised to upgrade machinery and improve production efficiency.
- Funds will also be used to meet day-to-day working capital requirements.
- Part of the proceeds will support general corporate activities and business growth.
- The remaining funds will cover expenses related to the public issue.
About Cedaar Textile Limited
Cedaar Textile Limited, incorporated on September 28, 2020, began as Cedaar Textile Private Limited and was later converted into a public limited company on August 23, 2024. The company is based in Karnataka and operates under the Corporate Identification Number U17299KA2020PLC139070.
Cedaar Textile specialises in the manufacturing of a wide range of yarns, including raw white, melange, solid top-dyed, and grey fancy yarns. These are produced using fibres like cotton, polyester, viscose, acrylic, Tencel, and modal. A key focus of the company is sustainability, with offerings in 100% organic and recycled fibres aimed at conserving natural resources and promoting a green environment.
The company is driven by innovation, technology upgrades, research and development, and a strong commitment to green energy. Its products cater to both domestic and international markets, supplying yarns and fabrics for garments produced by leading fashion brands.
Cedaar Textile also manufactures technical textile yarns, particularly Inherent Fire-Retardant (IFR) yarns and fabrics, expanding into home furnishings and apparel, including women's and children's wear.
With a production process that begins with sourcing quality raw materials from multiple suppliers, the company ensures consistent supply and quality standards. All raw materials are locally sourced in India.
As of June 1, 2025, Cedaar Textile employed 583 staff members, all on payroll, supporting its growing operations across yarns, fabrics, and sustainable textiles for a variety of end uses in household textiles, technical applications, and garments.
How To Check the Allotment Status of Cedaar Textile IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Cedaar Textile IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Cedaar Textile IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Cedaar Textile IPO
Registered office: KSSIDC Plot No B-34, Industrial Estate, Yelahanka New Town, Bangalore, Bengaluru, Karnataka, India, 560064
Phone: +91 9815610607
E-mail:Info@cedaartextile.com
Cedaar Textile IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares |
2,18,000 (5.01%) |
|
QIB Shares |
13,04,000 (29.98%) |
|
− Anchor Investor Shares |
7,82,000 (17.98%) |
|
− QIB (Ex. Anchor) Shares |
5,22,000 (12.00%) |
|
NII (HNI) Shares |
13,28,000 (30.53%) |
|
Retail Shares |
15,00,000 (34.48%) |
|
Total Shares |
43,50,000 (100.00%) |
Cedaar Textile IPO Lot Size
Investors are required to apply for at least 1,000 shares and in multiples thereafter. The table below outlines the minimum and maximum investment limits for both Retail Investors and High Net-Worth Individuals (HNIs) in terms of share quantity and investment amount.
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,000 |
₹1,30,000 |
|
Retail (Max) |
1 |
1,000 |
₹1,40,000 |
|
HNI (Min) |
2 |
2,000 |
₹2,80,000 |
Cedaar Textile IPO Promoter Holding
The promoters of the company include Rajesh Mittal, Virender Goyal, Bachangada Monnappa Saraswathi and Monnappa Nachappa Bachangada.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
68.66% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Cedaar Textile IPO Anchor Investors Details
Cedaar Textile IPO garnered ₹10.95 crore through anchor investor participation. The anchor bidding took place on June 27, 2025.
|
Bid Date |
June 27, 2025 |
|
Shares Offered |
7,82,000 |
|
Anchor Portion Size (In Cr.) |
10.95 |
|
Anchor lock-in period end date for 50% shares (30 Days) |
August 2, 2025 |
|
Anchor lock-in period end date for remaining shares (90 Days) |
October 1, 2025 |
Key Performance Indicators for Cedaar Textile IPO
|
KPI |
Value |
|
RoE (%) |
56.06 |
|
RoCE (%) |
26.90 |
|
Debt/Equity |
5.79 |
|
PAT Margin (%) |
5.83 |
|
Price to Book Value |
4.16 |
Cedaar Textile IPO Prospectus
Cedaar Textile IPO Registrar and Lead Managers
Cedaar Textile IPO Lead Managers
- Fast Track Finsec Private Limited
Registrar for Cedaar Textile IPO
Skyline Financial Services Private Limited
- Contact Number: 02228511022
- Email Address: ipo@skylinerta.com
Cedaar Textile IPO Registrar
Financial Performance of Cedaar Textile Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 18,968.38 | 16,024.98 |
| Profit/ (loss) for the year (in ₹ lakh) | 1,105.04 | 458.94 |
| Earnings per Share (₹) | 14.73 | 6.12 |
| Net Worth (in ₹ lakh) | 2,523.55 | 1,418.51 |
| Current Ratio (x) | 1.22 | 1.25 |
| Return on Capital Employed (RoCE) (%) | 26.90 | 15.91 |
| EBITDA (in ₹ lakh) | 2,881.05 | 1,563.43 |
Know before investing
Strengths
8Over 50% of company revenue comes from export markets.
Solar plant commissioning will cut energy costs and support sustainability.
Company expanding into 100% recycled yarn to boost sales.
Dedicated sales team and trade fairs improve market reach.
In-house quality checks ensure high standards from start to finish.
Dye House upgrade to increase capacity and efficiency significantly.
Weekly maintenance ensures smooth operations and longevity of machinery.
Focus on environment-friendly processes like effluent treatment and recycling.
Risks
8Top 10 customers contributed 63.81% revenue till September 2024.
No long-term contracts increase customer loss and revenue risk.
Single facility in Punjab increases operational and shutdown vulnerability.
Changing customer preferences may impact brand image and sales.
Trademark unregistered; brand misuse may harm goodwill and reputation.
Inventory mismanagement may cause losses or product decay issues.
Future results may vary from past due to uncertainties.
Export to Bangladesh faces political risk and payment delay threats.
Cedaar Textile IPO Peer Comparison
| Company Name | EPS (Basic) | NAV (per share) (₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| Cedaar Textile Limited | 8.63 | 63.70 | - | 16.44 |
| Shiva Texyarn Limited | (8.55) | 94.78 | 22.70 | 8.63 |
| Vardhman Textiles Limited | 21.01 | 304.49 | 17.03 | 7.11 |
