The initial public offer (IPO) of Kaytex Fabrics received bids for 45,40,000 shares as against 29,45,600 shares on offer, as per NSE data as of 17:00 hours on Tuesday (29 July 2025). The issue was subscribed 1.54 times.
The issue opened for bidding on Tuesday (29 July 2025) and it will close on Thursday (31 July 2025). The price band of the IPO is fixed between Rs 171 to Rs 180 per share. The minimum order quantity is 800 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprised 38,78,400 equity shares, including a fresh issue of 31,99,200 equity shares and offer for sale (OFS) of 6,79,200 equity shares.
About 1,94,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 36,84,000 equity shares.
The company intends to utilize the net proceeds for funding capital expenditure for the construction of an additional warehouse facility in Amritsar, the construction of a dedicated sales office in Amritsar, and the purchase of an advanced fabric processing system for its existing printing, dyeing, and processing unit in Amritsar. Additionally, the proceeds will be used to meet incremental working capital requirements and for general corporate purposes.
Ahead of the Kaytex Fabrics on Monday, 28 July 2025, raised Rs 16.79 crore from anchor investors. The board has allotted 9.32 lakh shares at Rs 180 per share to 11 anchor investors.
Kaytex Fabrics is a fast-fashion fabric solutions and manufacturing enterprise that integrates technology, design, and traditional craftsmanship to create high-quality textiles and fashion products. It specializes in producing fabrics from fibres such as cotton, viscose, and polyester, with a strong focus on digital printing technology that enables vibrant, customizable, and trend-driven designs. Expanding into womenswear, it also offers a diverse range of ready-to-stitch suits, co-ord sets, shawls, and stoles. It operates as a brand enabler—providing fabrics and design solutions to apparel brands—through its own brands, offering fabrics and garments, and in the non-branded segment, serving wholesalers and retailers. As of 30 June 2025, the company had 612 permanent employees and workers.
The company recorded revenue from operations of Rs 152.79 crore and net profit of Rs 16.90 crore for the period ended 31 March 2025.