Punjab-based textiles company Kaytex Fabrics will launch its maiden public issue on July 29, with price band of Rs 171-180 per share. The last day to subscribe to the offer will be July 31.
The company that provides digital textile printing, weaving, jacquards, and embroidery solutions plans to mobilise Rs 69.81 crore via initial public offering of 38.78 lakh shares at the upper price band. The IPO is a combination of fresh issue of 31.99 lakh shares, and an offer-for-sale of 6.79 lakh shares by promoters Sanjeev, and Amit Kandhari.
The anchor book will be launched on July 28. The IPO share allotment will get finalised by August 1, and Kaytex Fabrics shares will be available for trading on the NSE Emerge, effective August 5.
The company specialises in creating fabrics from a variety of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester.
Kaytex Fabrics intends to utilise fresh issue proceeds for construction of additional warehouse facility, dedicated sales office, and purchase of advanced fabric processing system for existing printing, dyeing and processing unit in Amritsar.
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Further, the fresh issue money will be utilised for its working capital requirements, and the remainder for general corporate purposes.
Kaytex Fabrics that competes with listed peers like Banswara Syntex, Veekayem Fashion and Apparels, and Donear Industries has recorded healthy financial performance in the past years. Profit in the fiscal 2025 grew by 49.5 percent to Rs 16.9 crore, and revenue increased by 22.3 percent to Rs 152.8 crore compared to previous year.
The merchant banker handling the Kaytex Fabrics IPO is Socradamus Capital.
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