The IPO will remain open until July 2. The price band for the book-built issue has been fixed at Rs 130 to Rs 140 per share, and the listing is scheduled on the NSE SME platform on July 7.
Retail investors can apply for a minimum of 1,000 shares. Fast Track Finsec is the book-running lead manager to the issue, with Skyline Financial Services as registrar and NNM Securities acting as the market maker.
Cedaar Textile, incorporated in September 2020, is engaged in the manufacture of value-added yarns used across household textiles, woven goods, and hosiery.
The company specializes in melange yarns, solid top-dyed yarns, and grey fancy yarns, serving a mix of domestic and international clients that supply to leading fashion brands.
The company operates a fully integrated production process that begins with the procurement of raw materials and involves blending fibres such as cotton, polyester, viscose, and acrylic. As of June 1, 2025, it employed 583 people on payroll.For the financial year ended March 31, 2024, Cedaar Textile posted revenue of Rs 191.01 crore and a profit after tax of Rs 11.05 crore, following consistent performance in previous years.The company raised Rs 10.95 crore from anchor investors on June 27, allocating 7.82 lakh shares. The allotment is expected to be finalized on July 3 with refunds and demat credits scheduled for July 4.
Proceeds from the IPO will be used for installation of a rooftop solar system, modernization of machinery, working capital, and general corporate purposes.
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