
Cedaar Textile IPO Day 1: Check subscription status, latest GMP, key dates and other details
The SME IPO, which is looking to raise ₹ 60.90 crore, was off to a slow start despite a decent trend in the grey market. Cedaar Textile IPO price band has been set at ₹ 130 to ₹ 140 per share.
The minimum lot size for an application is 1,000 shares, requiring an investment of at least ₹ 1,30,000 by the retail investors.
The yarn manufacturer plans to use the funds raised via IPO for various purposes. It has earmarked ₹ 8 crore for the installation of grid-tied solar PV rooftop system, ₹ 17 crore for modernisation of machines, ₹ 24.90 crore for meeting working capital needs and the rest for general corporate purposes and issue-related expenses.
In Cedaar Textile IPO, 50% of the offer is reserved for qualified institutional buyers (QIB), 15% for non-institutional investors (NII) and the remaining 35% for the retail investors.
Cedaar Textile IPO subscription status as of 4.50 pm on the first day of the bidding stood at 11%, with the retail portion booked 6% and the NII portion 22%. The QIB portion hadn't received any bids so far.
In the grey market, Cedaar Textile IPO was commanding a premium over the issue price. Cedaar Textile IPO grey market premium or GMP was ₹ 10. This means that Cedaar Textile IPO shares could list at ₹ 150, a premium of 7% over the issue price of ₹ 140.
The company shares are slated to list on NSE SME on Monday, July 7.
Cedaar Textile offers the widest range of raw white yarns, melange yarns, solid top dyed yarns, and grey fancy yarns in cotton, polyester, acrylic, viscose, Tencel, modal, and other fibres.
All yarns are being offered with sustainability as the prime focus, in 100% organic and recycled fibres (polyester & cotton) for a green environment and conservation of natural resources, as per the company's RHP.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
6 hours ago
- Business Standard
NSDL to launch ₹4,000-crore IPO on July 30; bidding ends August 1
National Securities Depository Ltd (NSDL) is set to launch its Initial Public Offering (IPO) on July 30, with the issue size pegged at around Rs 4,000 crore. The depository's maiden public issue will conclude on August 1. The one-day bidding for anchor investors is scheduled to open on July 29, according to the Red Herring Prospectus (RHP). The IPO only consists of Offer For Sale (OFS) component of 5.01 crore shares and those selling shares under this are -- the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. Market sources have pegged the IPO size to around Rs 4,000 crore. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. The listing of NSDL is crucial in order to comply with Sebi's ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company. NSDL's principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with Sebi's rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit. It is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996. For the full financial year 2024-25, the depository's net profit surged by 24.57 per cent to Rs 343 crore and total income rose to Rs 1,535 crore, a 12.41 per cent increase over FY 2023-24. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are the book-running lead managers to the issue.


Time of India
8 hours ago
- Time of India
NSDL IPO: Rs 4,000 crore issue to open on July 30; valuation pegged at Rs 16,000 crore
NSDL IPO: The initial public offering (IPO) of National Securities Depository Ltd (NSDL) will open for public subscription on July 30, after the depository received an extension from markets regulator Sebi to complete its listing by August 14, people familiar with the matter said, reported ET. The IPO will be a pure offer for sale (OFS) of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank, National Stock Exchange (NSE), Union Bank of India, State Bank of India, HDFC Bank, and Specified Undertaking of the Unit Trust of India (SUUTI). NSDL, which had to launch its IPO within a year of receiving regulatory clearance, filed its red herring prospectus (RHP) after obtaining Sebi's nod for an extension. The issue was delayed due to prolonged discussions around the company's valuation, according to an ET report. The IPO is expected to fetch up to Rs 4,000 crore, based on an estimated valuation of around Rs 16,000 crore, with IDBI Bank offloading about 2.22 crore shares, NSE selling 1.8 crore, and Union Bank of India exiting 5 lakh shares, according to the RHP. The three-day subscription window will be open from July 30 to August 1, while the anchor book will open on July 29. Revised size, valuation talks NSDL had filed its draft red herring prospectus (DRHP) in July 2023, and submitted an addendum in May 2025, reducing the issue size from 57.2 million shares to 50.1 million. The revised size reflects changing market dynamics and internal deliberations on pricing. In the unlisted space, NSDL shares recently traded at Rs 1,025, down from Rs 1,250 a month earlier, according to IPO Watch data shows a current grey market premium (GMP) of Rs 154 per share. At this level, the company's price-to-earnings (P/E) ratio stands near 60x, compared to listed rival CDSL, which trades at 69x. Strong financials despite delayed launch Despite delays and weaker market sentiment, NSDL's financial performance remains robust. For the third quarter of FY25, the depository posted a 29.82% year-on-year jump in consolidated net profit to Rs 85.8 crore, while total income grew 16.2% to Rs 391.21 crore. NSDL's IPO is one of the most significant public offerings in the financial infrastructure space this year, and will be closely watched by investors amid evolving primary market conditions. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Economic Times
13 hours ago
- Economic Times
Sri Lotus IPO: No gains yet for Shah Rukh, Amitabh Bachchan and Ashish Kacholia as issue price matches buying price
Sri Lotus IPO opens July 30 at ₹150, same as 2024 private placement price paid by Bollywood stars and investor Ashish Kacholia. Bollywood celebrities and investor Ashish Kacholia await returns on their pre-IPO investments in Sri Lotus Developers, as the IPO opens at the same price as the 2024 private placement. The firm plans to raise ₹792 crore through the offering. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and veteran investor Ashish Kacholia are yet to make gains from their investments in Sri Lotus Developers, whose initial public offering (IPO) will open on Wednesday, July 30, company has set the IPO price band at Rs 140 - Rs 150 per equity share, which is the same as the price at which Sri Lotus allotted shares to the 118 investors, including the Bollywood stalwarts and equity shares were allotted in 2024 at a price of Rs 150 apiece on a private placement Shah Rukh Khan Family Trust holds 675,000 shares investing Rs 10.1 crore while Amitabh Bachchan bought 666,670 shares at a cost of Rs 10 crore at the time of the private placement according to the Red Herring Prospectus (RHP) filed by the company. Meanwhile, Hrithik Rakesh Roshan and father Rakesh Roshan hold 70,000 shares each in the had to shell out nearly Rs 50 for 3,333,300 equity Sri Lotus Developers IPO will close for subscription on August Lotus Developers raised Rs 399.20 crore through a private placement to 118 individuals and entities before filing its Draft Red Herring Prospectus (DRHP) in December 2024. The December round also attracted other celebrities like Ektaa Ravi Kapoor, her brother Tusshar Kapoor and their father to the Red Herring Prospectus, King Khan invested Rs 1.01 crore, while Amitabh Bachchan invested Rs 1 crore, both at Rs 150 per share during the private placement company drew significant interest from Bollywood because its promoter, Anand Kamalnayan Pandit, is also a prominent film producer and marquee investors like Jagdish Master and DRChoksey Finserv have also invested in the the IPO, which is a book building issue, Sri Lotus Developers plans to raise 792 in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western of June 30, 2025, the company held a developable area of 0.93 million square feet, encompassing residential and commercial properties. As of June 30, 2025, the company has 4 Completed Projects, 5 Ongoing Projects and 11 Upcoming Projects. Monarch Networth Capital Limited , and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.