Latest news with #Kaytex
Mint
05-08-2025
- Business
- Mint
Kaytex Fabrics shares list 20% lower than the IPO price at ₹144 on the NSE SME on Tuesday
Kaytex Fabrics shares were listed 20% lower than the IPO price, at ₹ 144 on the NSE SME on Tuesday Kaytex share price movement Kaytex share price movement
Economic Times
05-08-2025
- Business
- Economic Times
Kaytex Fabrics IPO lists today. GMP at Rs 14 signals modest premium
Textile manufacturer Kaytex Fabrics is set to debut on the NSE SME platform on Tuesday riding into the secondary market on the back of robust investor demand and a grey market premium (GMP) of Rs 14, or 8% above the IPO price of Rs 180 per share. ADVERTISEMENT The Rs 69.81 crore IPO received an enthusiastic response, getting oversubscribed 42.70 times overall. Retail investors subscribed 47.85 times, while HNIs and QIBs saw bids at 43.19x and 31.16x, respectively — reflecting solid interest across the board. Kaytex Fabrics, which offers fast-fashion fabrics and garments under brands like Rasiya, Kaytex, and Darbaar-e-Khaas, plans to use the IPO proceeds to expand its warehouse and sales office in Amritsar, invest in advanced processing machinery, and meet working capital needs. With a strong order book, diversified customer base, and FY25 PAT of Rs 16.9 crore on revenue of Rs 153.2 crore, the company enters the market at a P/E of 15.65x on post-issue earnings, and a market cap of around Rs 264 expect a steady listing, with upside limited by valuation concerns flagged in the IPO note — though strong retail participation and modest GMP suggest some room for early-day gains. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
05-08-2025
- Business
- Time of India
Kaytex Fabrics IPO lists today. GMP at Rs 14 signals modest premium
Textile manufacturer Kaytex Fabrics is set to debut on the NSE SME platform on Tuesday riding into the secondary market on the back of robust investor demand and a grey market premium (GMP) of Rs 14, or 8% above the IPO price of Rs 180 per share. The Rs 69.81 crore IPO received an enthusiastic response, getting oversubscribed 42.70 times overall. Retail investors subscribed 47.85 times, while HNIs and QIBs saw bids at 43.19x and 31.16x, respectively — reflecting solid interest across the board. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Kaytex Fabrics, which offers fast-fashion fabrics and garments under brands like Rasiya, Kaytex, and Darbaar-e-Khaas, plans to use the IPO proceeds to expand its warehouse and sales office in Amritsar, invest in advanced processing machinery, and meet working capital needs. With a strong order book, diversified customer base, and FY25 PAT of Rs 16.9 crore on revenue of Rs 153.2 crore, the company enters the market at a P/E of 15.65x on post-issue earnings, and a market cap of around Rs 264 crore. Analysts expect a steady listing, with upside limited by valuation concerns flagged in the IPO note — though strong retail participation and modest GMP suggest some room for early-day gains. Live Events ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
