Mumbai (Maharashtra) [India], June 25: Cedaar Textile Limited, a leading sustainable textile manufacturer specializing in premium yarns and fabrics from 100% organic and recycled fibers (polyester and cotton), announced the opening of its Initial Public Offering (IPO) on Monday, June 30, 2025.

IPO Details: 

  • Issue Size: 43,50,000 equity shares of ₹10 each
  • Total Issue Value: ₹60.90 crore (at upper price band)
  • Price Band: ₹130 – ₹140 per share
  • Market Lot Size: 1,000 equity shares
  • Issue Period: June 30, 2025 to July 02, 2025
  • Anticipated Allotment: July 04, 2025
  • Credit to Demat Accounts: July 07, 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:

  1. Installation of Grid-tied Solar PV Rooftop System for captive power generation
  2. Modernization of the Machines
  3. To meet working capital requirements
  4. General corporate purposes
  5. Issue-related expenses

Issue Intermediaries:

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

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