Kaytex Fabrics fixes IPO price band at Rs 171-180 per share; issue to open on July 29
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Kaytex Fabrics, a digital textile printing company, on Wednesday said it has fixed the price band at Rs 171-180 per equity share for a nearly Rs 70 crore initial public offering (IPO) which will hit the capital market on July 29.The SME IPO will open on July 29 and conclude on July 31. The company's shares will be listed on the NSE's Emerge platform, Kaytex Fabrics said in a statement.The public issue is a mix of fresh issue of 31.99 lakh equity shares aggregating to Rs 57.59 crore and an offer for sale of up to 6.79 lakh shares amounting to Rs 12.23 crore by the promoters Sanjeev Kandhari and Amit Kandhari.Post-IPO, promoters will hold 73.61 per cent of the equity stake, while the public will hold 26.39 per cent.Proceeds from the fresh issue worth Rs 2.56 crore will be utilised towards funding capital expenditure for construction of additional warehouse facility in Amritsar, Rs 3.73 crore will be used for construction of a dedicated sales office in Amritsar.Funds worth Rs 5.01 crore will be directed towards purchase of advanced fabric processing system for the existing printing, dyeing and processing unit in Amritsar and Rs 30 crore will be used to meet working capital requirements.The remaining proceeds will be used for general corporate purposes and issue expenses.Incorporated in January 1996, Kaytex Fabrics is a fast-fashion manufacturer that combines technology, creative design, and craftsmanship to deliver high-quality textiles.The company specialises in fabrics from diverse fibres like cotton, viscose, and polyester. It offers quality fabrics, ready-to-stitch womenswear, and modern, trendy designs. The company sells its products under the brand names "Rasiya", "Kaytex", and "Darbaar-e-Khaas".For FY25, the Punjab-based company posted revenue of Rs 152.79 crore and profit after tax of Rs 16.90 crore. Socradamus Capital Pvt Ltd is the sole book-running lead manager of the offer. PTI
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
22 minutes ago
- India.com
Rs 1500000000000: Bad news for Pakistan, US, China as India sets new record, Defence production rises to an all-time high of…, private sector reaches..
The annual defence production has achieved a record high of Rs 1,50,590 crore for the Financial Year (FY) 2024-25. The milestone represents a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore, as stated in the release. Defence Minister Rajnath Singh has lauded the collective efforts of the Department of Defence Production and all stakeholders, i.e., DPSUs, public sector manufacturers, and the private industry, in achieving this landmark. What is the new record India has set in defence production? He called the upward trend a 'clear indication of India's strengthening defence industrial base. Singh commended Prime Minister Narendra Modi leadership for the growth and share on X, expressing his pride in the country making progress to becoming a global defence manufacturing hub. Under the leadership of Prime Minister Shri @narendramodi India's defence production has hit a record high! The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial Year (FY) 2024-25. These numbers indicate a robust 18% growth… — Rajnath Singh (@rajnathsingh) August 9, 2025 Sharing a post on X, Defence Minister Rajnath Singh wrote, 'Under the leadership of Prime Minister Shri@narendramodiIndia's defence production has hit a record high! The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial Year (FY) 2024-25. These numbers indicate a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore.' According to the release, Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for approximately. 77% of total production, while the private sector contributed 23%. The share of the private sector, which increased from 21% in FY 2023-24 to 23% in FY 2024-25, reflects the sector's growing role in the defence ecosystem of the public and private segments of the industry have demonstrated consistent year-on-year growth, attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on indigenisation over the past decade. The overall production of DPSUs and the private sector has increased by 16% and 28% respectively in FY 2024-25. This record-setting achievement underscores the growing momentum of the Government's push to self-reliance in defence manufacturing under the Aatmanirbhar Bharat initiative spearheaded by Prime Minister Narendra Modi. The emphasis on reducing the dependency on imports and creating a defence industrial complex that not only caters to India's needs but also strengthens the potential of exports has shown positive may be recalled that the defence exports have surged to a record high of Rs 23,622 crore in FY 2024-25. It was a growth of Rs 2,539 crore or 12.04% over the defence exports figures of FY 2023-24, which were Rs 21,083 sustained policy support, increased private participation, and expanding export capabilities, India's defence production sector is poised for continued acceleration in the years ahead.
Economic Times
22 minutes ago
- Economic Times
IPO Calendar: Six issues to hit Dalal Street this week, eyeing Rs 1,938-crore
The primary market will stay active this week with six IPOs targeting Rs 1,938 crore across mainboard and SME segments. Leading the pack is BlueStone Jewellery & Lifestyle's Rs 1,540.65 crore issue, opening August 11. Sectoral diversity—from retail to infrastructure—offers investors multiple options amid strong interest in premium consumer brands. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The primary market is set for another busy week, with six IPO s opening for subscription and collectively aiming to raise about Rs 1,938 crore through a mix of mainboard and SME offerings. The line-up includes the BlueStone Jewellery & Lifestyle IPO, along with plays from the retail, infrastructure, and resources sectors, ensuring sectoral diversity for biggest offering of the week is BlueStone Jewellery & Lifestyle, opening on Monday, August 11, and closing on Wednesday, August 13. The omni-channel jewellery brand plans to raise Rs 1,540.65 crore in the price band of Rs 492-517 per share. Managed by Axis Capital , the mainboard issue is expected to draw strong interest from both institutional and retail investors, given BlueStone's brand strength and growth trajectory in India's premium jewellery opening the same day is Icodex Publishing Solutions, a BSE SME listing managed by Indcap Advisors. The IPO will run from August 11 to 13 in the price band of Rs 98-102, aiming to raise Rs 42 crore. The company operates in content publishing and solutions, serving both domestic and international Tuesday, August 12, attention will shift to Regaal Resources, which is targeting Rs 306 crore via its mainboard debut in the Rs 96–102 price range. The offering, led by Pantomath Capital Advisors, will be open till Thursday, August the SME space, Mahendra Realtors and Infrastructure will also launch on the same day, seeking Rs 49.45 crore in the price band of Rs 75-85, with Fast Track Finsec as the lead week will see two more mainboard issues opening on Thursday. Shreeji Shipping Global, managed by Beeline Capital, will tap both the BSE and NSE, while Patel Retail, led by Fedex Securities, will also hit the bands for both are yet to be announced, but they are expected to add further momentum to an already busy fundraising marquee consumer brands, resource companies, and infrastructure developers in the mix, this week's IPO line-up offers a blend of growth stories and niche plays, setting the stage for active investor participation ahead of the festive season.
Economic Times
22 minutes ago
- Economic Times
Olectra Greentech Q1 Results: PAT rises 7% YoY to Rs 26 crore, revenue surges nearly 11%
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
