IPO Listed — 01 Sep 2026
Listing Price: ₹100
Madhur Knit Crafts SME IPO GMP History | Listing Price ₹100 & Kostak Rate
Madhur Knit Crafts SME IPO has been listed on September 1, 2026 at a listing price of ₹100, against the issue price of ₹100 — a gain of ₹0 (+0%). The GMP peaked at ₹16 on 25 August 2026 and reached a low of ₹2 on 1 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Madhur Knit Crafts SME IPO raised ₹53.27 Cr. through its IPO at a price band of ₹95 to ₹100 per share, with a lot size of 1200 shares. The IPO was open for subscription from 24 Aug 2026 to 27 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 01 Sep 2026 | ₹ 2 | 2.00% | ₹ 0 | ₹ 0 | |
| 31 Aug 2026 | ₹ 2 | 2.00% | ₹ 0 | ₹ 0 | |
| 30 Aug 2026 | ₹ 2 | 2.00% | ₹ 0 | ₹ 0 | |
| 29 Aug 2026 | ₹ 2 | 2.00% | ₹ 0 | ₹ 0 | |
| 28 Aug 2026 | ₹ 2 | 2.00% | ₹ 0 | ₹ 0 | |
| 27 Aug 2026 | ₹ 2 | 2.00% | ₹ 0 | ₹ 0 | |
| 26 Aug 2026 | ₹ 14 | 14.00% | ₹ 0 | ₹ 0 | |
| 25 Aug 2026 | ₹ 16 | 16.00% | ₹ 0 | ₹ 0 | |
| 24 Aug 2026 | ₹ 16 | 16.00% | ₹ 0 | ₹ 0 | |
| 23 Aug 2026 | ₹ 9 | 9.00% | ₹ 0 | ₹ 0 |
Madhur Knit Crafts SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 24 Aug, 2026 |
| Close Date | 27 Aug, 2026 |
| Allotment Date | 28 Aug, 2026 |
| Refund Date | 31 Aug, 2026 |
| Credit to Demat | 31 Aug, 2026 |
| Listing Date | 01 Sep, 2026 |
Madhur Knit Crafts SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹100 |
| GMP-Based Estimate (Pre-Listing) | ₹102 (+2%) |
| Actual Listing Price | ₹100 (+0%) |
| Listing Gain / Loss | +₹0 per share |
| Listing Date | 01 Sep, 2026 |
Is Madhur Knit Crafts SME IPO GMP Reliable?
Grey market premium for Madhur Knit Crafts SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Madhur Knit Crafts SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Madhur Knit Crafts SME IPO IPO Kostak Rate Explained
The Kostak rate for Madhur Knit Crafts SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Madhur Knit Crafts SME IPO
Its product range covers blankets of several kinds, including acrylic, woollen, printed and designer blankets, and mink blankets, which were its first product line when manufacturing began. It also makes anti-pilling fabric, which is treated so that small fibre balls do not form on the surface with washing and rubbing, knitted fabric made by interlooping yarn on circular or flat knitting machines, and sherpa fabric, which is made to feel and insulate like natural sheepskin.
The company sells in the Indian market through a dealer network and also exports. Its factory uses textile machinery imported from Korea, Taiwan and China, and handles knitting, dyeing, printing, brushing, polishing, sueding and stentering in house. As on 31 August 2025 it had 174 employees.
Strengths & Risks
Strengths
- ✓ Sales grew well in the last full year shown. Total income went from Rs 89.56 crore in FY2023 to Rs 108.41 crore in FY2024 and Rs 171.76 crore in FY2025.
- ✓ Profit improved sharply in FY2025, to Rs 11.03 crore from Rs 1.70 crore in FY2024 and Rs 0.90 crore in FY2023.
- ✓ The company does most processes in house, covering knitting, dyeing, printing, brushing, polishing, sueding and stentering, which gives better control on quality and delivery.
- ✓ Its machinery is imported from Korea, Taiwan and China, which supports a wide range of fabric processes.
- ✓ The product range is spread across blankets, anti-pilling fabric, knitted fabric and sherpa fabric rather than a single item.
- ✓ It sells both in India through dealers and in export markets.
- ✓ Net worth improved from Rs 14.54 crore in FY2023 to Rs 32.50 crore as on 30 June 2025.
- ✓ Rs 17.40 crore of the money is meant to repay borrowings, which would reduce the interest burden.
Risks
- ⚠ Debt is very high. Total borrowing was Rs 72.19 crore as on 30 June 2025 against a net worth of Rs 32.50 crore, which is more than twice the own funds, and it has risen every year from Rs 34.18 crore in FY2023.
- ⚠ The objects of the issue do not add up. The stated amounts total about Rs 71 crore, including Rs 35.50 crore for general corporate purposes, against an issue of about Rs 53.27 crore at the upper band of Rs 100. This needs to be checked in the RHP.
- ⚠ The financial data is old for an issue opening in August 2026. The latest period shown ends 30 June 2025 and is only a three month stub, so there is no recent full year to judge the company on.
- ⚠ Blankets are a seasonal product. Most of the selling happens in the winter months, so sales and cash flow are bunched into a part of the year.
- ⚠ Textiles is a heavily competitive business with many organised and unorganised makers, and blankets in particular compete largely on price.
- ⚠ Yarn and acrylic fibre prices keep changing and a sharp rise cannot always be passed on to dealers.
- ⚠ The pre issue and post issue promoter holding is not stated in the available data, so the extent of promoter dilution is not clear.
- ⚠ This is an SME issue. One lot is 1,200 shares, which is Rs 1.20 lakh at the upper band of Rs 100, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Madhur Knit Crafts SME IPO
What is the GMP of Madhur Knit Crafts SME IPO?
The current Grey Market Premium (GMP) of Madhur Knit Crafts SME IPO is ₹ 2.
What is the Kostak Price of Madhur Knit Crafts SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Madhur Knit Crafts SME IPO is currently not available.
What is the Subject to Sauda Price of Madhur Knit Crafts SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Madhur Knit Crafts SME IPO?
Madhur Knit Crafts SME IPO listed on September 1, 2026 at ₹100, against the issue price of ₹100 — a gain of +0%.
How did the GMP of Madhur Knit Crafts SME IPO trend before listing?
The GMP of Madhur Knit Crafts SME IPO was stable in its final days before listing. The GMP peaked at ₹16 on 25 August 2026. View the day-wise table above for the complete GMP history.
Explore Madhur Knit Crafts SME IPO Further
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