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Madhur Knit Crafts Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Madhur Knit Crafts Ltd IPO

Registered Office: Village Seera Sattowal Road,Rahon Road Eros Bajra , Ludhiana - 141007 , Punjab , India.
Phone : +91 98780 09690   Fax:
Email :  ipo@mkcpl.in  
Website :  www.mkcpl.in
Initial public offer of up to 53,26,800 equity shares of face value of (Rs)10 each (the "Equity Shares") of Madhur Knit Crafts Limited ("The Company" or the "Issuer") for cash at an issue price of (Rs)95-100 per equity shares (including securities premium of (Rs)85-90 per equity share) aggregating up to (Rs)50.6-53.27 Crores (the "Issue") of which 2,66,400 equity shares of (Rs)10/- each aggregating to (Rs)2.53-2.66 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e issue of 50,60,400 equity share of (Rs)10 each at an issue price of (Rs)95-100 per equity share aggregating up to (Rs)48.07-50.60 Crores is hereinafter referred to as the "Net issue". The issue and the net issue will constitute [*] and [*] respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10/- each. Price Band: (Rs)95/- to (Rs)100/- per equity share of face value of (Rs)10/- each. The floor price is 9.5 times of the face value and the cap price is 10 times of the face value of the equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
24-Aug-26 27-Aug-26 (Rs)95.00-100.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2400  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
SKI Capital Services Limited
Project Financed through Current Offer 50.60  
Post Issue Equity Share Capital 19.01  
Issue Price (Rs)95.00  
 
Projects
Funding capital expenditure for the purchase of Solar panel.Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
Working Capital Requirement of the Company.General corporate purposes
Promoted By
Arun Gupta  
Piyush Gupta  
Chirag Gupta  
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt