Cedaar Textile Limited Announces IPO Opening June 30, 2025

Mumbai (Maharashtra) [India], June 25: Cedaar Textile Limited, a leading sustainable textile manufacturer specializing in premium yarns and fabrics from 100% organic and recycled fibers (polyester and cotton), announced the opening of its Initial Public Offering (IPO) 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:

1. Installation of Grid-tied Solar PV Rooftop System for captive power generation
2. Modernization of the Machines
3. To meet working capital requirements
4. General corporate purposes
5. Issue-related expenses

Issue Intermediaries:

• Lead Manager: Fast Track Finsec Private Limited
• Registrar to the Issue: Skyline Financial Services Private Limited

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