NSE SME IPO Cedaar Textile To Open On June 30: From Price Band To Issue Size, Check Complete Details Here

Cedaar Textile Limited, a leading sustainable textile manufacturer specializing in premium yarns and fabrics from 100% organic and recycled fibres (polyester and cotton), announced the opening of its Initial Public Offering (IPO) on Monday, June 30, 2025.

Cedaar Textile IPO Details

• Issue Size: Entirely fresh 43.50 lakh equity shares of Rs 10 each with no Offer for Sale (OFS).
• Total Issue Value: Rs 60.90 crore (at upper price band)
• Price Band: Rs 130 - Rs 140 per share
• Market Lot Size: 1,000 equity shares
• Issue Period: June 30, 2025 to July 02, 2025
• Anticipated Allotment: July 03, 2025
• Credit to Demat Accounts: July 04, 2025
• Listing Platform: NSE EMERGE

Share Allocation Structure:

• The fresh issue of 43,50,000 equity shares will be allocated as follows:
• Qualified Institutional Buyers (QIB): 13,04,000 equity shares
• Non-Institutional Investors (NII): 13,28,000 equity shares
• Retail Individual Investors (RII): 15,00,000 equity shares
• Market Maker: 2,18,000 equity shares

Use of Proceeds

• Installation of Grid-tied Solar PV Rooftop System for captive power generation
• To meet working capital requirements
• General corporate purposes

Issue Intermediaries

• Lead Manager: Fast Track Finsec Private Limited
• Registrar to the Issue: Skyline Financial Services Private Limited

Cedaar Textile Financials

According to Cedaar Textile Limited's Draft Red Herring Prospectus (DRHP), which was released on December 24, 2024, the company has demonstrated an exciting financial trajectory over the last few fiscal years. Following FY 2023-2024 revenue of Rs 18,968.38 lakh, the firm reported revenue from operations of Rs 7,815.37 lakh for the six-month period ending September 30, 2024.

This was somewhat less than Rs 21,740.31 lakh in FY 2021-22, but a significant rise over Rs 16,024.98 lakh in FY 2022-23. In comparison to the net profit of Rs 1,105.04 lakh for FY 2023-24, Rs 458.94 lakh for FY 2022-23, and Rs 798.63 lakh for FY 2021-22, the net profit for the six-month period was Rs 508.35 lakh.

Cedaar Textile maintained strong EBITDA margins in terms of profitability, with EBITDA of Rs 1,563.43 lakh in FY 2022-2023 and Rs 2,881.02 lakh in FY 2023-2024. With a robust Return on Capital Employed (ROCE) of 26.90% for FY 2023-2024, the corporation demonstrated its operational effectiveness. As of September 30, 2024, the company's total assets were Rs 21,195.63 lakh, up from Rs 19,822.57 lakh in March 2024. For the six-month period ending in September 2024, the cash flow from operating activities was positive at Rs 773.55 lakh.

About Cedaar Textile Limited

Cedaar Textile Limited manufactures and markets a comprehensive range of yarns and textile products, including raw white yarns, melange yarns, solid top dyed yarns, and grey fancy yarns in blends of cotton, polyester, viscose, acrylic, tencel, modal, and other fibres. The company focuses on sustainability by offering products made from 100% organic and recycled fibers, along with fabrics and technical textiles for environmental conservation.
The company operates from a 48.65-acre manufacturing facility with an installed spinning capacity of 9,000 MTPA and dyeing capacity of 1,980 MTPA.

Specializing in quality melange yarn for household textiles, woven goods, and hosiery applications. The company's strategic focus includes innovation, customer orientation, R&D, technology upgradation, digitalization, ERP implementation, continuous improvement, and transitioning towards green energy.