Madhur Knit Crafts Share Price

Madhur Knit Services Limited was originally incorporated as a private limited company as 'Madhur Knit Crafts Private Limited' on August 21, 1997, with the Registrar of Companies, Punjab, H.P & Chandigarh. Subsequently, the name of the Company was changed to 'Madhur Knit Services Limited' with effect from January 28, 2025. The Company was founded by Mr. Arun Gupta with the objective of becoming a textile manufacturer focused on product development and process efficiency. The Company commenced its commercial operations in 2013 with a focus on manufacturing blankets, thereby establishing a presence in the winter textile segment. Since FY 2021, the Company has grown into a diversified textile business offering a wide range of fabrics and garments. Although the Company has ventured into technical textiles, including paint roller fabrics that require precision processes such as chemical coating and lamination, revenue from these segments remains minimal, with the bulk of operations driven by consumer textile products. The Company's operations are strategically located in Ludhiana, a well-established textile hub, providing access to a reliable network of suppliers, raw materials (such as yarns), logistics service providers, and national distribution channels. Over the years, the Company has transitioned from minimal processing to a fully integrated yarn-to-cloth manufacturing model, focusing on complete value addition from converting yarn into finished cloth and producing high-quality textile products. The Company operates from a state-of-the-art manufacturing facility equipped with textile machinery imported from Korea, Taiwan, and China, supporting a wide range of processes including knitting, dyeing, printing, brushing, polishing, sueding, and stentering. The company has filed a Draft Prospectus with SEBI and is planning to issue 56,00,000 equity shares of Rs 10 through fresh issue.