Kaytex Fabrics IPO GMP hints at 22% listing pop; Issue subscribed 12 times on final day. Check details here
By 1:00 PM on the final day of bidding, the issue had seen an overall subscription of 12.05 times, with the segment reserved for retail investors subscribed to 16.48 times, and NII's segment booked 9.25 times. The QIB's segment had been booked 6.31 times by that time.
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Kaytex Fabrics IPO GMP signals buoyant listing
As of 11:35 AM on Thursday, the latest GMP for Kaytex Fabrics stood at Rs 40, implying a likely listing price of Rs 220 per share versus the upper end of the IPO price band at Rs 180. The implied premium translates to an estimated 22.22% gain on listing day.
Issue structure and key dates
The Rs 69.81 crore book-built issue consisted of a fresh issue of 31.99 lakh shares aggregating to Rs 57.59 crore, and an offer for sale (OFS) of 6.79 lakh shares worth Rs 12.23 crore.
The IPO's price band was fixed at Rs 171–Rs 180 per share, with a lot size of 1,600 shares per application. Retail investors could bid for two lots, amounting to a minimum investment of Rs 2,73,600, while HNIs were required to bid for at least three lots (Rs 4,32,000).
The IPO opened on July 29 and closed on July 31. The share allotment is expected to be finalised on Friday, August 1, with listing on the NSE SME platform slated for Tuesday, August 5, as per SEBI's T+3 listing norms.
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Use of proceeds
According to its Red Herring Prospectus (RHP), the company will use the proceeds to fund capital expenditure for an additional warehouse and sales office in Amritsar, purchase of advanced fabric processing systems, meet working capital requirements, and for general corporate purposes.
About Kaytex Fabrics
Kaytex Fabrics, as per its RHP, is a fast-fashion fabric solutions company that manages the entire production process 'from yarn to finished fabric,' allowing for high quality and quick adaptability to fashion trends.
'We specialise in creating fabrics from a variety of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester,' the company said in its RHP.
'Our focus on digital printing allows us to create customizable designs suited to the fast-paced nature of the fashion industry.'
Kaytex Fabrics' financial performance
The company reported revenue from operations of Rs 99.2 crore in FY23, which rose to Rs 124.9 crore in FY24 and further to Rs 152.8 crore in FY25. Net profit climbed from Rs 5.6 crore in FY23 to Rs 11.31 crore in FY24 and Rs 16.90 crore in FY25, underlining consistent financial growth ahead of the IPO.
Also read |
CDSL shares slide 13% in one week as NSDL IPO picks pace
Key intermediaries
Socradamus Capital Private is the book-running lead manager for the issue, while Bigshare Services Pvt Ltd serves as the registrar. Gretex Share Broking is the market maker for the Kaytex Fabrics IPO.
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