IPO Details
Bidding Dates
30 Jun 25 - 02 Jul 25
Lot Size
1000
Price Range ₹
130 - 140
Exchange Status
NSE
Total Equity
₹ 60.90Cr
IPO Doc
IPO Timeline
Offer start
30 Jun 2025
Offer end
02 Jul 2025
Allotment
03 Jul 2025
Refund initiation
04 Jul 2025
Demat transfer
04 Jul 2025
Listing
07 Jul 2025
Offer start
30 Jun 2025
Offer end
02 Jul 2025
Allotment
03 Jul 2025
Refund initiation
04 Jul 2025
Demat transfer
04 Jul 2025
Listing
07 Jul 2025
About Company
Incorporated in September 2020, Cedaar Textile Limited is a Ludhiana-based manufacturer of a wide range of specialty yarns used in household textiles, woven goods, and hosiery. The company produces melange yarns, solid top-dyed yarns, grey fancy yarns, and raw white yarns using blended fibres like cotton, polyester, viscose, and acrylic. It serves both domestic and international clients, supplying to well-known fashion brands. With a workforce of over 580 employees, Cedaar Textile operates a scalable and integrated manufacturing setup. The company emphasizes quality, customization, and operational efficiency. While it has shown steady financial performance and capacity utilization improvements over the years, risks include dependency on a few key clients and suppliers, regional concentration in Punjab, and ongoing cash flow and debt servicing challenges.
Year Founded
28-09-2020
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 9528600 | 0 |
Offer to Public
43,50,000.00 Cr
Project Details
- Installation of Grid-tied Solar PV Rooftop System for Captive - 80cr
- To meet working capital requirements - 240cr
- Modernization of the Machines - 170cr
Objectives
- 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
Highlights
- Offers a wide variety of yarns such as melange, top-dyed, grey fancy, and raw white, catering to multiple textile sectors.
- Supplies to reputed domestic and international fashion brands, ensuring a broad market reach.
- Run by experienced management and operational teams with strong industry knowledge.
- Capacity utilization has steadily improved, reflecting better operational efficiency and scalability.
- Integrated and scalable business model supports growth and cost control.
Challenges
- Significant revenue dependence on top 10 customers increases risk if any major client is lost.
- Entire operations are concentrated in Ludhiana, Punjab, making it vulnerable to regional disruptions.
- Absence of long-term contracts with customers creates revenue unpredictability.
- Falling inventory turnover ratio suggests slower movement of goods and potential working capital stress.
- Persistent negative cash flows and high borrowings pose challenges to financial stability.
