Cedaar Textile Limited is Engaged in the production of a wide range of yarns. The company creates high-quality melange yarn utilized for home textiles, woven products, and hosiery.
Cedaar Textile Services Prestigious Clients in Both Local and Global Markets, Providing Garments to Well-Known Fashion Labels.
The production process at the company begins with the acquisition of raw materials, which is then processed by Mixing Various Fibers Such as Cotton, Polyster, Viscose, Acrylic, Acrylic, AMONG OHERSE. The firm operates from a manufacturing facility spanning 48.65 acres, boasting an installed spinning capacity of 9,000 mtpa and a dyeing capacity of 1,980 mtpa.
For December 2024, The Company Reported Robust Financial Results, With Operating Revenue of 1,120.3 Lakhs, ebitda of 195.9 Lakhs, and a Net Profit of 70.6 lakhs. According to the Red Herring Prospectus (RHP), The company’s publicly listed competitions include Shiva Texyarn Ltd, which have a p/e p/e ratio of 22.70, and Vardhman Textiles Ltd, FEATURING A P/E Ratio of 17.03.
Cedaar Textile IPO Details
Cedaar Textile IPO CONSISTS of a Fresh issue of 43,50,000 Equity Shares, Aggregating to 60.90 Crore. There’s no offer for sale (ofs) component.
The net proceeds will be allocated towards the installation of a grid-ted solar Pv Rooftop System for in-House Power Generation; Upgrading the equipment; Fulfilling working capital needs; General corporate purposes; And expresses related to the issue.
Fast Track Finsec Pvt Ltd Serves as the Book-Running Lead Manager for the Cedaar Textile IPO, Whereas Skyline Financial Services PRIVICES PRIVICES PRIVICES PRIVICES ACTD ACTD ACTD Acts as the Registrar for this. NNM Securities Private Limited is the Market Maker for the Cedaar Textile IPO.
Cedaar Textile IPO Gmp Today
Cedaar Textile IPO Gmp Today is +9. This indicates Cedaar Textile Share Price Was Trading at a Premium of 9 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of cedaar textile share price is indicated at 149 Apiece, which is 6.43% Higher than the IPO price of 140.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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