Cedaar Textile Limited IPO
Cedaar Textile Limited, incorporated in 2020 and converted to a public limited company in 2024, is promoted by industry veterans Mr. Rajesh Mittal and Mr. Virender Goyal, who together bring over 63 years of experience. The company manufactures a wide range of sustainable yarns—Raw White, Melange, Solid Top Dyed, and Grey Fancy—using cotton, polyester, viscose, acrylic, and more. With a focus on innovation, R&D, green energy, and digitalization, Cedaar serves top-tier domestic and international garment manufacturers producing for leading fashion brands.
Price Band₹130 - ₹140 |
Dates30 Jun - 02 Jul |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹60.90 Crs |
Cedaar Textile IPO Objects
- Installation of Grid-tied Solar PV Rooftop System for Captive evacuation
- Modernization of the Machines
- To meet Working Capital Requirement
- General Corporate Purposes
- For Issue Expenses
Cedaar Textile IPO Details
Price Band₹130 - ₹140 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹60.90 Cr (0.44 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹60.90 Cr (0.44 Cr Shares) |
Face Value₹10 per equity share |
Cedaar Textile IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,000
1,40,000
Maximum
1
1,000
1,40,000
|
|||
| NII |
Minimum
2
2,000
2,80,000
|
|||
Cedaar Textile IPO GMP
The estimated Grey Market Premium of Cedaar Textile IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 2,18,000 EQ Shares |
Cedaar Textile IPO Financials
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 112.03 | 189.68 | 160.25 | 217.40 |
| Profit after Tax | 7.06 | 11.05 | 4.59 | 7.99 |
| Net Worth | 60.70 | 25.24 | 14.19 | 9.60 |
| Total Borrowing | 120.63 | 120.63 | 137.01 | 121.01 |
| Total Assets | 222.77 | 198.23 | 175.84 | 154.45 |
| NAV per share (in ₹) | 63.70 | 33.65 | 18.91 | 12.79 |
| EPS - Basic (in ₹) | 8.63 | 14.73 | 6.12 | 10.65 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 15.19% |
| PAT | 5.83% |
| ROE | 56.06% |
| ROCE | 26.90% |
| PE Ratio | 9.50 |
| PB Ratio | 4.16 |
| Mkt Cap (in Crs.) | 194.30 |
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Cedaar Textile IPO Peer Comparision
| Particulars | Cedaar Textile | Shiva Texyarn | Vardhman Textiles |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 189.68 | 335.28 | 9,298.68 |
| PAT (In Crs.) | 11.05 | -11.08 | 607.63 |
| EPS - Basic | 8.63 | -8.55 | 21.01 |
| NAV per share | 63.70 | 94.78 | 304.49 |
| RONW | 16.44% | 8.63% | 7.11% |
| EBITDA | 15.19% | 2.24% | 10.31% |
| PAT Margin | 5.83% | -3.31% | 6.53% |
| Price to earning (PE) | 9.50 | 22.70 | 17.03 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 10th June, 2025 for Peers
Cedaar Textile IPO Peer Comparision
| Particulars | Cedaar Textile |
|---|---|
| Revenue from Ops (in Crs.) | 189.68 |
| PAT (In Crs.) | 11.05 |
| EPS - Basic | 8.63 |
| NAV per share | 63.70 |
| RONW | 16.44% |
| EBITDA | 15.19% |
| PAT Margin | 5.83% |
| Price to earning (PE) | 9.50 |
| Shiva Texyarn | Vardhman Textiles |
|---|---|
| 335.28 | 9,298.68 |
| -11.08 | 607.63 |
| -8.55 | 21.01 |
| 94.78 | 304.49 |
| 8.63% | 7.11% |
| 2.24% | 10.31% |
| -3.31% | 6.53% |
| 22.70 | 17.03 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 10th June, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Rajesh Mittal | 40.35% |
| Monnappa Bachangada | 39.77% |
| Virender Goyal | 18.30% |
| Bachangada Saraswathi | 1.57% |
| Total | 99.99% |
Management Details
| Name | Designation |
|---|---|
| Rajesh Mittal | MD |
| Virender Goyal | CFO |
Company Details
Name: Cedaar Textile Limited
Address: KSSIDC Plot No B-34, Industrial Estate, Yelahanka New Town, Bangalore, Bengaluru, Karnataka, India, 560064
Number: +91 9815610607
Email: Info@cedaartextile.com
Website: www.cedartextile.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Cedaar Textile IPO is a SME IPO having an issue size of Rs. ₹60.90 Crs. Cedaar Textile IPO is priced at ₹130 - ₹140 per share. The issue opens on 30 Jun 25 and closes on 02 Jul 25.
Cedaar Textile IPO opens on 30 Jun 25 and closes on 02 Jul 25.
The estimated Grey Market Premium of Cedaar Textile IPO is ₹0 per share (0.00%).
The minimum lot size of Cedaar Textile IPO is 1000 shares & the minimum application amount is Rs. 140000.
The allotment date of Cedaar Textile IPO is 03 Jul 25.
The listing date of Cedaar Textile IPO is 07 Jul 25.
Cedaar Textile IPO is subscribed -.
Cedaar Textile IPO is priced at ₹130 - ₹140 per share.
Click the allotment link on Cedaar Textile IPO page of IPO360.
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