The Kaytex Fabrics IPO (₹69.81 Cr) is generating significant buzz as it prepares to hit the NSE SME platform in July 2025. As a key player in India’s fast-fashion textile sector, Kaytex combines design, technology, and craftsmanship to deliver fabrics and garments. This comprehensive guide covers every critical detail—live GMP updates, financials, timelines, risks, and expert recommendations—to help you make an informed investment decision.
Kaytex Fabrics IPO: Complete Details
A book-built issue comprising:
- Fresh Issue: 31.99 lakh shares (₹57.59 Cr)
- Offer for Sale (OFS): 6.79 lakh shares (₹12.23 Cr) by promoters
Table: Kaytex Fabrics IPO Snapshot
| Parameter | Details |
|---|---|
| Issue Open | July 29, 2025 – July 31, 2025 |
| Price Band | ₹171 – ₹180 per share |
| Face Value | ₹10 per share |
| Lot Size | 800 shares |
| Min. Investment | ₹273,600 (Retail) |
| Total Issue Size | 38,78,400 shares (₹69.81 Cr) |
| Listing Exchange | NSE SME |
| Market Maker | Gretex Share Broking Pvt Ltd (1,94,400 shares) |
About Kaytex Fabrics Ltd.
Founded in 1996, Kaytex is an Amritsar-based textile innovator specializing in:
- Fabrics: Digital Printed, Jacquard, Corduroy, Dobby.
- Products: Ready-to-stitch women’s wear (brands: Rasiya, Kaytex, Darbaar-e-Khaas), accessories (shawls, stoles).
- Customers: Served 497+ clients in FY25.
- Strengths: Integrated manufacturing, early digital printing adoption, pan-India distribution, low customer concentration.
- Employees: 612+ (as of June 30, 2025).
Kaytex Fabrics IPO Live GMP Today (2025)
As of Today, 2025:
- GMP: ₹25–₹30 (indicating strong gray market demand).
- Estimated Listing Price: ₹205–₹210 (13–15% premium).
Note: GMP fluctuates daily based on market sentiment. for more ipos Check real-time updates here.
Financial Performance (Restated)
Table: Yearly Financials (₹ Crore)
| Period Ended | Assets | Revenue | Profit After Tax (PAT) | EBITDA | Net Worth |
|---|---|---|---|---|---|
| 31 Mar 2023 | 72.98 | 99.34 | 5.59 | 12.79 | 21.14 |
| 31 Mar 2024 | 95.92 | 125.03 | 11.31 | 22.43 | 33.55 |
| 31 Mar 2025 | 125.27 | 153.22 | 16.90 | 30.06 | 50.07 |
Growth Highlights (YoY):
- Revenue ↑23% (FY25 vs. FY24)
- PAT ↑49% (FY25 vs. FY24)
IPO Application & Lot Size
- Retail Investors: Min 2 lots (1,600 shares) = ₹273,600; Max 2 lots.
- HNI Investors:
- S-HNI: Min 3 lots (2,400 shares) = ₹432,000; Max 6 lots.
- B-HNI: Min 7 lots (5,600 shares) = ₹1,008,000.
UPI Mandate Cut-off: 5 PM on July 31, 2025.
Reservation Quota
| Investor Category | Shares Reserved | % of Total |
|---|---|---|
| Market Maker | 1,94,400 | 5.01% |
| QIB | 15,55,200 | 40.10% |
| NII (HNI) | 8,08,800 | 20.85% |
| Retail | 13,20,000 | 34.03% |
| Total | 38,78,400 | 100.00% |
Promoter Holding
- Pre-IPO: 100% (Sanjeev Kandhari & Amit Kandhari).
- Post-IPO: ~78.2% (diluted by fresh issue).
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | Tue, Jul 29, 2025 |
| IPO Close | Thu, Jul 31, 2025 |
| Allotment Finalization | Fri, Aug 1, 2025 |
| Refund Initiation | Mon, Aug 4, 2025 |
| Shares Credit to Demat | Mon, Aug 4, 2025 |
| Listing on NSE SME | Tue, Aug 5, 2025 |
Anchor Investors
- Amount Raised: ₹18.00 Cr (10,00,000 shares).
- Bid Date: July 28, 2025.
- Lock-in: 50% shares until Aug 31, 2025 (30 days); remaining until Oct 30, 2025 (90 days).
Key Performance Indicators (KPIs)
Table: Financial Ratios (FY25)
| KPI | Value |
|---|---|
| ROE | 40.43% |
| ROCE | 33.25% |
| Debt/Equity | 0.76 |
| RONW | 33.76% |
| PAT Margin | 11.06% |
| EBITDA Margin | 19.68% |
| Price/Book Value | 4.13 |
| Pre-IPO EPS | ₹14.70 |
| Post-IPO EPS | ₹14.91 |
| Pre-IPO P/E | 9.45x |
| Post-IPO P/E | 12.07x |
Company Contact Details
Kaytex Fabrics Ltd.
Batala Road, Post Office Khanna Nagar
Amritsar, Punjab – 143001
Phone: 0183-4009025
Email: investor@kaytexfabrics.com
Website: https://kaytexfabrics.com
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com
Should You Buy? IPO Recommendation
Pros:
- Strong revenue & PAT growth (23% and 49% YoY).
- Niche in digital printing & diversified product range.
- Low customer concentration reduces risk.
- Aggressive expansion plans using IPO proceeds.
Cons:
- Highly competitive, fragmented textile sector.
- Post-issue P/E (12.07x) is aggressive vs. peers.
- Sustainability of FY25 profit margins is uncertain.
Verdict:
- Neutral to Cautious. Suitable for informed investors with medium-term horizons. Retail investors should assess risk appetite.
RHP/DRHP Details
- DRHP Filed: DRHP Document.
- RHP Link: Download Here (Available post-SEBI nod).
Essential reading for financials, risk factors, and object details.
IPO Review: Pros & Cons
Advantages:
- Integrated manufacturing unit boosts efficiency.
- Early adopter of digital textile printing tech.
- Robust distribution across Tier 1–rural markets.
Risks:
- Vulnerability to cotton price fluctuations.
- Debt/Equity of 0.76 could strain liquidity.
- OFS indicates partial promoter exit.
FAQs: Kaytex Fabrics IPO
- Q: What is Kaytex Fabrics’ GMP today?
A: ₹45–₹50 (Feb 9, 2025), signaling a likely premium listing. - Q: What is the minimum investment?
A: ₹273,600 for retail (2 lots of 800 shares). - Q: When is the allotment date?
A: August 1, 2025 (tentative). - Q: How are IPO proceeds being used?
A: Warehouse/sales office construction (₹6.29 Cr), machinery upgrade (₹5.01 Cr), working capital (₹30 Cr). - Q: Who are the promoters?
A: Sanjeev Kandhari and Amit Kandhari. - Q: What is the post-IPO P/E?
A: 12.07x (based on FY25 EPS). - Q: Is Kaytex profitable?
A: Yes. PAT surged 49% to ₹16.90 Cr in FY25. - Q: Who is the registrar?
A: Bigshare Services Pvt Ltd. - Q: What is the ROE?
A: 40.43% (FY25), indicating efficient capital use. - Q: Should I subscribe?
A: Neutral. High growth but priced aggressively; suited for medium-term investors.
