Cedaar Textile IPO subscribed 12.26 times on the last day, a retail quota was subscribed over 9.73 times, NII subscribed over 5.04 times, and QIB was 37.88 times, respectively.
Details About Cedaar Textile IPO
Cedaar Textile IPO received approval from SEBI for an IPO worth ₹60.90 crores. Wherein a fresh issue would be totally ₹60.90 crores.
Further, Cedaar Textile IPO had a set price band of ₹130 to ₹140 Per Share.
Cedaar Textile IPO consists of 1000 shares in 1 lot size for retail minimum and maximum categories as well. While 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Cedaar Textile IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,40,000.
- SHNI (S-HNI): Minimum investment of ₹2,80,000.
Cedaar Textile IPO Subscription Duration
Cedaar Textile IPO opened on June 30, 2025, and closed on July 2, 2025. The Cedaar Textile IPO allotment date was scheduled on July 3, 2025. The Cedaar Textile IPO listing date is on July 7, 2025.
Cedaar Textile IPO funds deployment
- The proceeds raised from the fresh issue will be used for the Installation of a Grid-tied Solar PV Rooftop System for Captive evacuation.
- Some funds will be used for the Modernization of the Machines
- Some funds will be used to meet working capital requirements
- Lastly, the remaining funds will be used for the company’s General Corporate Purpose.
About Cedaar Textile IPO Company
Cedaar Textile Limited, founded in September 2020, focuses on manufacturing diverse yarns. The company is involved in the manufacturing of Quality Melange Yarn for use in household textiles, woven goods, and hosiery. The company’s aim is to offer services to top-tier customers in India who design garments for well-known fashion brands. The company’s process comprises with sourcing raw materials from suppliers, which are then processed using machines by blending different fabrics like cotton, polyester, viscose, acrylic, and other fibers. Cedar Textile manufactures a wide range of Melange Yarns, Solid Top-dyed Yarns, and grey Fancy yarns. What’s make this company unique is its ability to offer products that focus on sustainable, 100% organic, recycled fibers, good for the environment. The company includes a total of 583 employees as of June 1, 2025.
Financial Report of the Cedaar Textile IPO Company
The company reported revenue of ₹191.01 crores in 2024 against ₹161.88 crores in 2023. The company reported a profit of ₹11.05 crores in 2024 against a profit of ₹4.59 crores in 2023.
