Cedaar Textile Limited to Launch IPO on June 30, 2025
Cedaar Textile Limited, a prominent player in sustainable textile manufacturing known for its premium yarns and fabrics made entirely from organic and recycled polyester and cotton fibers, has...
Mumbai (Maharashtra) [India], June 25: Cedaar Textile Limited, a prominent player in sustainable textile manufacturing known for its premium yarns and fabrics made entirely from organic and recycled polyester and cotton fibers, has announced that its Initial Public Offering (IPO) will open 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:
- Installation of Grid-tied Solar PV Rooftop System for captive power generation
- Modernization of the Machines
- To meet working capital requirements
- General corporate purposes
- Issue-related expenses
Issue Intermediaries:
- Lead Manager: Fast Track Finsec Private Limited
- Registrar to the Issue: Skyline Financial Services Private Limited
